ELEKTROS Inc. (OTC Pink: ELEK) is conducting an early, exploratory assessment of a possible hard-rock lithium property in northern New York near the Canadian border, but it has not acquired the property and no mineral resource or reserve has been independently verified. The release cites remarks by Elon Musk on lithium-ion batteries for energy storage and by President Donald J. Trump on critical minerals, but says these do not refer to ELEKTROS or the New York property. The company says a domestic lithium source could potentially add to supply options for U.S. battery-material processors, though geological testing, title and mineral-rights verification, and regulatory and economic analysis would be needed first. Benzinga, citing a Benchmark Mineral Intelligence outlook, noted that global lithium demand could more than triple by 2050, requiring 134 additional mines and over $100 billion in investment. ELEKTROS is also exploring development relationships for its multi-port EV charging patent (U.S. Patent No. 12,522,100 B1), a separate initiative.
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| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/03/2026 | 398.22 |
| Change that session | -1.39% |
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