ELEKTROS Inc. (OTC: ELEK) is conducting a preliminary, exploratory review of a hard-rock lithium opportunity in northern New York near the Canadian border, but it has not acquired the property, and no mineral resource, reserve or feasibility study has been independently verified. Possible next steps include confirming property ownership and mineral rights, obtaining independent geological review, examining environmental and permitting requirements, assessing infrastructure and financing, and the company says any move forward will depend on due diligence results. The release cites remarks by President Donald J. Trump on critical minerals at the American Mining Roundtable on August 7, 2026, and by Elon Musk on lithium-ion batteries for energy storage, but both are general and do not refer to ELEKTROS or this property. A Benzinga article dated October 22, 2026 cited an outlook that global lithium demand could more than triple by 2050, which the release notes is not a forecast for ELEKTROS. Separately, the company continues to explore development relationships for its multi-port EV charging patent, though it has not announced a prototype, patent license, customer deployment or revenue
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