American Battery Materials, Inc. announced the release of a new Technical Report Summary focused on ABM's Lisbon Valley Project, located in San Juan County, Utah. Technical Report Highlights: There are substantial indications that lithium mineralization occurs beneath the subject property. Direct Lithium Extraction (DLE) remains a viable methodology for the property site in exploration and processing.

ABM claims are currently in good standing according to Bureau of Land Management (BLM) records. ABM's target deposit model is similar in substantially all respects to that of Anson Resources Limited, an Australian-based company focused on lithium exploration in the Paradox Basin, which is located 50 miles northwest of ABM's claim block. Summary Highlights from American Battery Materials, Inc.May 15, 2023, Technical Report The Lisbon Lithium Project property consists of 120 placer mining claims staked on U. S. Government land administered by the U. S. Bureau of Land Management.

All 120 claims are in good standing with the BLM. From the ABM Technical Report author's review of the data, it is believed that there is a substantial indication that lithium mineralization in brines occurs beneath the subject property. The existing evidence is based on ABM's well log analysis as well as a substantial number of other studies with lithium analyses from the Paradox Basin.

It is anticipated that the target grades and tonnages for the Lisbon Lithium Project will be similar to those reported by Anson, i.e., approximately one billion tonnes of brine at +100 ppm Li for a potential one million tonnes of LCE. There is also substantial evidence that other valuable minerals besides lithium, such as potassium, magnesium, calcium chloride, iodine, bromine, and boron, may be recoverable from the brines, as well. The Company has identified an appraisal and development program for its claims that is proprietary.

This information will be disclosed in an advanced technical report after the appraisal wells are drilled and individual zones are identified and fully evaluated. ABM has retained a third-party consulting firm to assist with drilling, completion, and review of test results for the two appraisal wells.