A New Frontier for American Lithium: Elektros (OTC: ELEK) Evaluates Potential Upstate New York Opportunity as Domestic Battery and Critical-Mineral Supply Chains Gain Attention
ELEKTROS (OTC: ELEK) says it is evaluating a prospective lithium property in upstate New York but has signed no acquisition agreement and has not established the presence, quantity, or commercial recoverability of lithium at the site. The release cites third-party industry developments — Army base minerals facilities, a canceled $300M DLA tender, and Albemarle's $90M Pentagon grant — explicitly noting these are not contracts or commitments involving ELEKTROS. The company also seeks partners to commercialize its patented multi-port EV charging concept, while disclosing it has no working prototype or market acceptance.
Key figures
- Canceled dla tender
- up to $300 million
- Pentagon grant albemarle
- $90 million
AI analysis
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