AMERICAN BATTERY MATERIALS, INC.

American Battery Materials Inc. has filed an S-1/A amendment, detailing a proposed public offering of 3,327,273 shares of common stock and accompanying warrants, with an assumed offering price of $5.50 per unit. The company, focused on the extraction and refinement of technical minerals like lithium and magnesium, plans to list on the NYSE American. Their strategy involves utilizing Direct Lithium Extraction (DLE) technologies on their 743 claims in Lisbon Valley, Utah, with pre-production activities including exploration well drilling slated for Q2 2026 and pilot plant development in H2 2026. The filing also outlines the company's market opportunity, growth strategy, and the technical aspects of DLE.

American Battery Materials Inc. is conducting a public offering of 2,727,273 shares of common stock and an equal number of warrants, with an assumed offering price of $5.50 per unit. The company has applied to list its securities on the NYSE American, which is a prerequisite for the offering's completion. As an exploration-stage company, it focuses on environmentally responsible extraction of lithium and magnesium from brine deposits in Utah's Lisbon Valley, utilizing Direct Lithium Extraction (DLE) technologies. Key milestones include commencing exploration drilling in Q2 2026 and developing a pilot extraction plant in H2 2026, despite having no current mineral reserves or mining revenue.

American Battery Materials, Inc. reported a significant net loss of $4.23 million for the first quarter of 2026, a substantial increase from $0.40 million in the same period last year. This contributed to an accumulated deficit of $35.18 million and a working capital deficit of $12.06 million as of March 31, 2026. The company's ability to continue as a going concern is in substantial doubt, dependent on securing additional financing.