American Brine Minerals (ABM) is a pre-revenue exploration-stage company focused on determining whether lithium- and magnesium-rich brines beneath its mineral claims in Utah's Paradox Basin can be economically extracted. ABM holds 743 placer mining claims covering 14,320 acres in the Lisbon Valley, and its entire current activity centers on preparing to drill two appraisal wells to confirm whether viable brine concentrations and flow rates exist in the target formations. ABM has no revenue, no reserves, no off-take agreements, and three full-time employees. If appraisal drilling confirms viable resources and ABM secures financing, the intended business model is to extract brine using Direct Lithium Extraction (DLE) technology — which pumps brine to the surface, selectively extracts lithium and magnesium, and reinjected depleted brine underground — and sell battery-grade lithium and magnesium chloride products through intermediaries. ABM plans to co-produce magnesium as a byproduct alongside lithium, arguing that magnesium stripping also improves lithium extraction efficiency. ABM has not yet conducted any DLE testing, which requires brine samples that can only be obtained after drilling. The company's longer-term strategy includes expanding its claim footprint, pursuing joint ventures, and potentially evaluating projects outside Utah. ABM's economic case leans on U.S. policy tailwinds favoring domestic critical mineral production, including the Section 45X tax credit under the Inflation Reduction Act, though that credit phases down starting in 2031 and is eliminated after 2033.