Elektros Secures Critical EV Patents and Expands Sierra Leone Lithium Mining Strategy

2026-08-02 companies

Freetown, Sunday, 2 August 2026.
Elektros Inc. is expanding its dual strategy by leveraging a patented multi-port EV charging technology and stockpiling 54 metric tons of African lithium ore to feed critical U.S. supply chains.

Strategic Reaffirmation in Electrification

On 2 August 2026, Elektros Inc. (OTC PINK:ELEK) issued a public update reaffirming its long-term strategic focus on hard-rock lithium extraction in Sierra Leone and its proprietary electric vehicle charging patent portfolio in the United States [1]. The company aims to position itself as a key supplier within the renewable energy and electric mobility supply chains, signaling a commitment to securing critical mineral resources amidst accelerating global demand [1]. This announcement builds upon previous communications throughout 2026, where management emphasized the dual pillars of resource development and intellectual property leverage [2][4]. The West Palm Beach-based firm continues to evaluate strategic opportunities for its patent portfolio, including potential licensing discussions, though no definitive agreements have been finalized as of this date [1][2].

Intellectual Property and Industry Engagement

Central to Elektros’ technology strategy is United States Patent No. 12,522,100, which covers advanced multi-port EV charging technology designed to increase efficiency and decrease charging times [1][4]. The company has engaged with various automotive industry participants regarding this intellectual property, including receiving acknowledgment from Volkswagen Group of America legal counsel that patent-related correspondence was under internal review as of June 2026 [2][4]. It is noted that such correspondence does not constitute an admission of liability or a commercial agreement [2][4]. CEO Shlomo Bleier stated that the company believes current valuations offer investors an opportunity to participate in their future vision, likening share purchasing at low valuations to owning options that never expire [1].

Lithium Market Dynamics and Pricing

The strategic push coincides with significant shifts in the global lithium market. As of April 2026, battery-grade lithium carbonate prices were reported at approximately $22,970 per metric ton, representing a substantial increase from approximately $17,000 per metric ton in late 2025 [5][8]. This price movement reflects a 35.118 increase over the period, driven by geopolitical tensions and expanding demand for energy storage [5][8]. Industry analysis projected a global lithium carbonate equivalent market deficit ranging between 22,000 and 80,000 metric tons for 2026, with overall demand growth forecasted at approximately 14% [5][8]. Tesla CEO Elon Musk has previously emphasized that lithium-ion chemistry is fundamental to making electric cars competitive with gasoline vehicles, underscoring the critical nature of the raw material [1][4].

Operational Milestones and Future Planning

On the operational front, Elektros executed a joint venture ground lease for mineral rights in the Tinkoko Chiefdom of Bo District, Sierra Leone, on 15 August 2024, retaining a 75% controlling interest [7]. As of September 2025, the company reported securing an artisanal mining license and stockpiling approximately 54 metric tons of lithium ore at the site, awaiting capital for export [7]. Looking forward, management indicated goals to supply raw lithium ore to U.S.-based refineries, targeting shipments of two to three containers monthly, while simultaneously evaluating sites for 10 to 15 branded high-speed EV charging stations [6][7]. However, these projects remain subject to definitive agreements, financing, regulatory approvals, and customary business conditions [6][7].

Sources

EV Infrastructure Lithium Mining