ABM signs term sheet with Xantippe for lithium JVs in Argentina and Australia, plus stock purchase

AMERICAN BATTERY MATERIALS, INC.

Joint ventures to develop lithium brine project on 21,900+ hectares in Argentina's 'Lithium Triangle' and Australian pegmatite project.
Term sheet also provides for purchase of a direct ownership interest in Xantippe (ASX: XTC).
Transaction is subject to due diligence and definitive agreements; closing would expand ABM's asset base and diversify portfolio.
CEO David Graber calls the partnership 'transformational' and notes alignment with previously announced SGII business combination.

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