AM Resources Corporation announced the acquisition of lithium exploration licenses in Austria, a country with a rich history of successful mining operations. The licenses cover an area of 60 square kilometres, consisting of three properties: Legend, East Wolf and Sankt Rad. The acquisition is in line with the Corporation's strategy to expand its current operations and increase exposure to high-growth markets.

Austria has a proven track record for mining and is home to historical lithium extraction operations. The country's favorable regulatory framework, skilled workforce, and advanced infrastructure make it an attractive jurisdiction for mining companies seeking to expand their operations. In addition, Austria is also a major hub for electric vehicle manufacturing, with companies such as Mercedes, BMW and Fisker all having production facilities in the country.