American Battery Materials, Inc. (OTC: BLTH) has announced the appointment of Chris McClanahan to its Advisory Board. McClanahan, who brings over 30 years of experience in the Oilfield Service industry, currently serves as President and CEO of Coastal Drilling Company, LLC, and was formerly the CEO and Chairman of Iron Horse Tools, LLC.
David Graber, CEO of American Battery Materials (ABM), emphasized McClanahan's significant contributions as an investor in the company since 2019. Graber noted, "Having drilled thousands of wells for his own business, he is a perfect addition to ABM's Advisory Board as we await the appropriate permitting to begin the process of further advancing ABM's asset in Southern Utah." This appointment comes at a crucial time for the company, which is focused on direct lithium extraction (DLE) and other critical minerals.
McClanahan himself expressed enthusiasm for the emerging field of DLE, particularly in relation to mineral-rich brines in the Oil and Gas industry. He highlighted the importance of building a reliable domestic supply chain for critical minerals, a sentiment echoed by industry giants like Exxon.
The inclusion of McClanahan on ABM's Advisory Board is a strategic move aimed at leveraging his extensive expertise to advance the company's mission. This is particularly relevant as the U.S. seeks to bolster its domestic supply of critical minerals essential for energy transition and the electrification of the economy.
American Battery Materials, Inc. is an environmentally responsible minerals exploration and development company focused on DLE and other critical minerals. The company's efforts are aligned with the broader goal of supporting the country's urgent need for a sustainable and reliable supply chain of critical minerals. These minerals are vital for the long-term energy transition and the electrification of both the U.S. domestic and global economy.
The appointment of McClanahan is not just an internal company development but a significant indicator of the shifting focus within the energy sector. As the world moves towards more sustainable energy solutions, the role of companies like American Battery Materials becomes increasingly critical. The expertise McClanahan brings could potentially accelerate the permitting process for ABM's assets in Southern Utah, thereby speeding up the availability of domestically sourced lithium.
In summary, the addition of Chris McClanahan to the Advisory Board of American Battery Materials is a strategic decision that underscores the importance of developing a reliable domestic supply chain for critical minerals. His extensive experience in the Oilfield Service industry and his early investment in ABM make him a valuable asset as the company navigates the complexities of mineral extraction and development.
