News about ELEK

ELEKTROS is conducting an early assessment of a possible hard-rock lithium property near the Canadian border in northern New York; the company has not acquired the property, and no independently verified mineral resource or reserve exists. The release cites general remarks by Elon Musk and President Donald J. Trump on lithium-ion batteries and critical minerals, but states these comments do not refer to the company's property or any contract. Citing a Benchmark Mineral Intelligence industry outlook, 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 tied to its multi-port EV charging patent, but has announced no prototype, patent license, customer deployment or revenue.

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

ELEKTROS Inc. (OTC PINK: ELEK) is evaluating a potential hard-rock lithium opportunity in northern New York near the Canadian border, but the review is at an early exploratory stage, with no completed acquisition and no independently verified mineral resource or reserve. The article cites remarks by Elon Musk and President Donald Trump on the importance of lithium-ion batteries and critical minerals, but notes these statements do not refer to the property under review and do not indicate any government contract or endorsement. Further steps could include confirming ownership and mineral rights, obtaining independent geological analysis, reviewing environmental and permitting requirements, and assessing infrastructure and logistics. The company is also exploring development relationships for its multi-port EV charging patent, but treats this as a separate activity and has not announced a prototype, patent license, or revenue tied to it.