October Spotlight on ELEK: A Potential U.S. Lithium Play Meets the EV Revolution
ELEKTROS announced it is investigating a potential lithium property in upstate New York, explicitly stating this is an exploratory initiative and not a completed transaction, proven deposit, or operating mine. The release repeatedly disclaims any acquisition, resource estimate, production timetable, or government contract, and the cited Bloomberg, Reuters, and Benzinga industry reports concern other companies such as Albemarle, EnergyX, and ioneer — not ELEKTROS. The company also said it continues to consider partners for its patented multi-port EV charging concept, which it notes has not been commercially validated.
Key figures
- Grant recipient
- Albemarle (not ELEKTROS)
- Pentagon grant referenced
- $90 million
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