Elektros Outlines Strategic Objectives for its Lithium Operations
Rhea-AI Summary
Elektros (OTC PINK: ELEK) outlined strategic objectives for its hard‑rock lithium project in Sierra Leone, detailing a joint‑venture ground lease signed August 15, 2024, a 75% controlling interest for the company and a 25% local partner stake to meet Sierra Leonean licensing rules.
The company says it obtained an artisanal mining license as of September 2025, has stockpiled approximately 54 metric tons of hard‑rock lithium ore on site, and plans regular exports of 2–3 containers per month to the United States pending capital for shipping and long‑term offtake agreements with U.S. refineries.
Positive
- Executed joint‑venture ground lease on August 15, 2024
- Maintains 75% controlling interest in the Sierra Leone venture
- Obtained an artisanal mining license as of September 2025
- Stockpiled ~54 metric tons of hard‑rock lithium ore ready for export
- Near‑term plan for regular shipments of 2–3 containers monthly to bi‑monthly
Negative
- Exports are pending due to insufficient capital for shipping costs
- Regulatory requirement for Sierra Leonean licensees limits direct operational control
- Current product is raw ore (not battery‑grade), reducing near‑term value capture
SUNNY ISLES BEACH, FLORIDA / ACCESS Newswire / January 16, 2026 / Elektros Inc. (OTC PINK:ELEK), a developer of lithium mining operations in Sierra Leone, announces strategic objectives for its Sierra Leone Lithium mining project.
Elektro, Inc. is strategically focused on the advancement and development of its hard-rock lithium project in Sierra Leone, Africa, targeting the critical mineral resources essential for electric vehicle battery production and energy storage solutions.
Joint Venture Structure and Regulatory Compliance
On August 15, 2024, the Company executed a joint venture ground lease agreement for mineral rights within the Tinkoko Chiefdom of Bo District in southern Sierra Leone.
Under this arrangement, our local operating partner will oversee on-site operations, licensing administration, labor management, packaging, and shipment logistics.
To ensure full compliance with Sierra Leone's existing regulatory requirements-which stipulate that mining licenses and operational management be held exclusively by Sierra Leonean citizens-the partnership agreement establishes our operating partner as a
As of September 2025, the Company has obtained an artisanal mining license for its lithium project in Sierra Leone.
Operational Mission and Current Status
The joint venture is focused on the extraction, packaging, and export of raw lithium ore from Sierra Leone to the United States. The Company has currently stockpiled approximately 54 metric tons of hard-rock lithium ore at the mining site, prepared for export pending the securing of adequate capital for shipping costs.
Elektro's objective is to establish itself as a reliable supplier to U.S.-based lithium refineries, supporting the conversion of raw materials into battery-grade lithium for the rapidly expanding electric vehicle and energy storage markets.
Near-Term Strategic Objectives
Establish and maintain continuous lithium extraction and export operations from Sierra Leone
Execute regular shipments of two to three containers of raw lithium ore on a monthly to bi-monthly basis to the United States
Secure long-term offtake agreements with U.S. lithium refineries
Position the Company as a strategic participant within the global battery materials supply chain
Attract strategic investment partners and scale operations to achieve leadership positioning in the lithium supply sector
Recent Demand for Lithium Projects
In 2025, the U.S. Department of Energy highlighted surging lithium demand by restructuring a multi‑billion‑dollar federal loan and taking
Against this backdrop of strong government investment and tightening supply, we feel Elektros' lithium business direction is well‑positioned to serve growing demand from both public and private buyers.
About Elektros, Inc.
Elektros Inc. (OTC PINK:ELEK) business plan is to develop an artisanal mining operation based in Sierra Leone, Africa. This operation focuses on hard-rock lithium exploration, development, and the eventual exportation of the mined material to lithium refineries in the United States. www.elektros.energy
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties. For more details, please refer to the Company's SEC filings at www.sec.gov. Elektros, Inc. undertakes no obligation to update any forward-looking statements.
Contact:
Elektros, Inc.
IR and Media Inquiries
Email: ElektrosInc@gmail.com
SOURCE: Elektros, Inc.
View the original press release on ACCESS Newswire
FAQ
What did Elektros (ELEK) announce about its Sierra Leone lithium project on January 16, 2026?
How much lithium ore has Elektros (ELEK) stockpiled in Sierra Leone and is it ready to ship?
What are Elektros (ELEK)’s planned shipment volumes and timing to the United States?
What ownership structure did Elektros (ELEK) use to meet Sierra Leone mining rules?
Has Elektros (ELEK) secured offtake agreements with U.S. lithium refineries?
