American Battery Materials Strengthens Advisory Board with Oilfield Drilling Expert
July 30th, 2024 11:00 AM
By: Newsworthy Staff
American Battery Materials, Inc. has appointed Chris McClanahan, an experienced oilfield service industry executive, to its Advisory Board, bolstering its expertise in critical minerals extraction and direct lithium extraction (DLE) technologies.

American Battery Materials, Inc. (ABM), a company focused on environmentally responsible critical minerals extraction, has announced the addition of Chris McClanahan to its Advisory Board. This strategic appointment brings decades of oilfield service industry experience to the company as it prepares to advance its asset in Southern Utah.
McClanahan, currently serving as President and CEO of Coastal Drilling Company, LLC, brings over 30 years of experience in the oilfield service industry to ABM's Advisory Board. His extensive background includes his former role as CEO and Chairman of Iron Horse Tools, LLC, operating in Texas and Louisiana. This wealth of experience in drilling operations is expected to be particularly valuable as ABM awaits permitting to further develop its Southern Utah asset.
David Graber, CEO of American Battery Materials, highlighted the significance of McClanahan's appointment, noting his longstanding relationship with the company as an investor since 2019. Graber emphasized McClanahan's expertise, stating, "Having drilled thousands of wells for his own business, he is a perfect addition to ABM's Advisory Board."
The appointment comes at a crucial time for the critical minerals sector, particularly in the realm of direct lithium extraction (DLE). McClanahan expressed his observations on the emerging importance of DLE in the oil and gas industry, referencing recent developments such as Exxon's entry into the field. He stressed the need for the United States to support a reliable domestic supply chain for critical minerals, underscoring the strategic importance of ABM's focus on environmentally responsible extraction methods.
American Battery Materials, trading under the ticker BLTH on the OTC market, is positioning itself as a key player in the U.S. critical minerals sector. The company's focus on DLE and other critical minerals aligns with the growing demand for domestic sources of materials essential for the ongoing energy transition and electrification of the global economy.
This appointment reflects ABM's commitment to strengthening its expertise in critical areas of operation. By bringing on board an executive with McClanahan's experience in drilling operations, the company is better positioned to navigate the technical and operational challenges associated with mineral extraction and processing.
The move also highlights the increasing intersection between traditional energy sectors, such as oil and gas, and the emerging critical minerals industry. McClanahan's insights into the application of DLE technologies in the oil and gas sector could prove valuable as ABM seeks to optimize its extraction processes and expand its operational capabilities.
As the United States continues to prioritize the development of domestic supply chains for critical minerals, companies like American Battery Materials are likely to play an increasingly important role. The addition of industry veterans like McClanahan to advisory roles signals a growing recognition of the need to bridge expertise between established energy sectors and emerging clean energy technologies.
For investors and industry observers, this appointment may indicate ABM's readiness to accelerate its development plans, particularly concerning its Southern Utah asset. As the company awaits necessary permits, the enhanced advisory capacity could contribute to more effective strategic planning and operational preparedness.
The critical minerals sector, especially lithium extraction, remains a key area of focus as the global demand for batteries and other clean energy technologies continues to grow. American Battery Materials' efforts to bolster its advisory team with experienced industry professionals like McClanahan reflect the company's ambition to play a significant role in addressing this demand through environmentally responsible extraction methods.
As the company moves forward with its plans, stakeholders will likely be watching closely to see how this new addition to the Advisory Board influences ABM's strategies and operations in the competitive and rapidly evolving critical minerals market.
Source Statement
This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,
