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Last Post: 3/28/2020 9:45:14 AM - Followers: 19 - Board type: Free - Posts Today: 2

International Battery Metals Ltd.

CSE Index

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2019) - International Battery Metals Ltd. (CSE: IBAT) (OTC PINK: RHHNF) ("IBAT" or the "Company") is pleased to provide an update on our Chilean research and development technology project with Ensorcia Metals Corporation and Sorcia Minerals LLC.

Design and construction of IBAT's Mobile Lithium Extraction Unit is progressing, on schedule for deployment on a Chilean Salar, in late 2019 or early 2020. More specifically, final engineering of the Mobile Lithium Extraction Unit is nearing completion. Additionally, key vendors and fabrication shops have been identified and will soon be under contract.

John L Burba, IBAT CEO, stated, "The successful installation of our first extraction unit in Chile will be a critical milestone for IBAT and the lithium industry. A key part of our strategy is to manufacture low cost mobile extraction units that can be deployed quickly, either individually or in sets, on virtually any lithium containing brine resource in the world."

Daniel Layton, CEO of Ensorcia Metals Corporation and Sorcia Minerals LLC, stated, "We could not be happier with the progress that IBAT has made in the development of its Mobile Lithium Extraction System since we signed our licensing agreement with them last November and we are anxious to see the first unit deployed later this year. We are also very pleased with the creative and collaborative working relationship that exists between us and IBAT. We believe that IBAT's technology paired with our access to South American brine resources, is a winning combination that will have us in production years ahead of the time that traditional technologies would have required".

Key advantages of the IBAT Mobile Lithium Extraction Unit include:

  1. Rapid deployment - Once critical infrastructure is in place at the installation site, our portable extraction unit can be deployed to a resource and be producing Lithium Chloride ("LiCl") in less than 1 year.
    Scalability - Our unit is modular in design and scalability is simply a function of installing multiple units to increase LiCl production to the desired level, up to the maximum that can be supported by the resource and available infrastructure. In proper circumstances and with an appropriate resource, scalability can be self-funding after the first unit, by using revenue generated by the first unit to fund installation of subsequent units.
    Capital Cost - We believe the IBAT system design will be inherently lower cost to build, install than traditional Lithium production methods.
    Low Operating Cost - The economics of lithium extraction depend on a number of factors, including lithium concentration, access to electricity, fuel, transportation and shipping ports. That said, our systems are designed to minimize operating costs and we believe actual operating costs will prove to be among the lowest in the industry.
    Environmental - IBAT's mobile extraction unit does not depend on solar evaporation ponds to extract lithium and thereby avoids the environmental impacts often associated with traditional production methods, such as generation of large volumes of salt. Our system draws lithium bearing brine from the brine resource and returns the lithium depleted brine to the resource. This feature of IBAT's technology avoids the depletion (lowering of the water table) of the Lithium bearing aquifer that can result from evaporative production methods. Furthermore, our proprietary water management system is capable of internally recycling up to 98% of our fresh water. Thus, unlike traditional lithium extraction processes, we will not be wasting scarce fresh water.

We believe that these advantages will position IBAT to help meet the world's ever-increasing lithium demand in a low cost, environmentally responsible manner.

Greg Mehos, Ph.D., P.E., an independent Qualified Person within the meaning of National Instrument 43- 101 - Standards of Disclosure for Mineral Projects, has reviewed, approved and verified that the scientific and technical information contained in the release is accurate.

About IBAT

IBAT is an advanced technology company focused on lithium brine extraction. The company is in the process of creating and applying intellectual property related to lithium extraction from brines.

"John L. Burba, PhD"

President CEO and Director

Phone: (778) 939-4228

Dr. John Burba, interview
SHARE STRUCTURE as of Feb 5, 2020
Shares Outstanding 63.2 Million
Warrants Outstanding 20.5 Million
Stock Options Outstanding 1.9 Million Shares
Fully Diluted 85.6 Million Shares
Working Capital $406,000
Debt None
IBAT website  https://www.ibatterymetals.com/
John Burba Patents Pending.
Publication number: 20190292065
Abstract: Apparatuses and methods for extracting desired chemical species from input flows in a modular unit.
Type: Application
Filed: October 25, 2018
Publication date: September 26, 2019
01-24-2020  Case Docketed to Examiner in GAU
Publication number: 20190264301
Abstract: Apparatuses and methods for extracting desired chemical species from input flows in a modular unit.
Type: Application
Filed: October 25, 2018
Publication date: August 29, 2019
02-04-2020  Case Docketed to Examiner in GAU
International Battery Metals: We've Got a Perfect Storm in Lithium
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#803   I wouldn’t get too bummed about it yet. Market_Stalker 03/28/20 09:45:14 AM
#802   This is disappointing news bb221 03/28/20 08:58:39 AM
#801   Lots of new information posted by USPTO about Market_Stalker 03/27/20 12:21:17 PM
#800   I feel comfortable/good with this after comparing ImTC 03/25/20 07:26:08 PM
#799   Keep an eye on the other patent should ImTC 03/24/20 07:30:07 PM
#798   Not sure, but it seems to be a Market_Stalker 03/24/20 07:18:53 PM
#797   Filing an Amendment After Non-Final Rejection ImTC 03/24/20 06:27:22 PM
#796   Non-Final Office Actions ImTC 03/24/20 06:00:19 PM
#795   03-26-2020 Document Code 892 List of references ImTC 03/24/20 05:46:54 PM
#794   Transaction History 03-23-2020 Non-Final Rejection ImTC 03/24/20 05:40:10 PM
#793   We have news Do you understand what it ImTC 03/24/20 05:37:22 PM
#792   Welcome aboard! Market_Stalker 03/16/20 12:51:36 PM
#791   Thank you and hello to all. I have bb221 03/14/20 03:56:02 PM
#790   Welcome to the board bb221 ImTC 03/14/20 11:00:04 AM
#789   Averaged down some at .07 today too bb221 03/13/20 07:01:43 PM
#788   Just wanted to thank who ever sold me ImTC 03/13/20 03:20:54 PM
#787   Michael Maltzoff's House ImTC 03/08/20 06:29:27 PM
#786   Juan Carlos Zuleta Calderón https://www.linkedin.com/in/juan-carlos-zuleta-cald ImTC 03/08/20 05:57:54 PM
#785   Chairman of the Board, Michael Maltzoff ImTC 03/08/20 05:50:44 PM
#784   In order to identify opportunities for the extraction ImTC 03/07/20 06:38:31 PM
#783   It makes sense that Chile, Bolivia, and Argentine Market_Stalker 03/04/20 10:45:54 PM
#782   Posted by Internationalist 360° on February 14, 2020 ImTC 03/04/20 06:02:19 PM
#781   All I do is smile, every time I ImTC 03/04/20 03:13:42 PM
#780   I think Ensorcia will be mentioned and talked le-bon ton-roule 03/03/20 06:19:43 AM
#779   I wonder how specific he’s going to get... Market_Stalker 03/02/20 11:50:49 PM
#778   Chile: Leader in metals that facilitate the future le-bon ton-roule 03/02/20 04:32:27 PM
#777   My take,Infieles in the Atacama is ground Zero le-bon ton-roule 02/29/20 09:37:16 AM
#776   Great find. Market_Stalker 02/28/20 11:22:26 AM
#775   Enami’s pilot lithium extraction and processing plant will le-bon ton-roule 02/28/20 07:49:04 AM
#774   Thanks!!! Any and all D&D is appreciated no le-bon ton-roule 02/25/20 06:20:53 PM
#773   INTEGRA Engineering India Limited (IEIL) is subsidiary of ImTC 02/25/20 05:43:30 PM
#772   Nice, find I will run some of the ImTC 02/25/20 05:18:27 PM
#771   Integra Philosphy- We share a vision le-bon ton-roule 02/24/20 10:52:48 PM
#770   WOW!!! These guys that just bought a boat le-bon ton-roule 02/24/20 10:38:34 PM
#769   More competitors funded by Bill Gates. ImTC 02/24/20 09:58:59 PM
#768   Thanks, that's a possibility I didnt consider. Hopefully le-bon ton-roule 02/24/20 12:06:40 AM
#767   I think it’s a typo that should’ve have Market_Stalker 02/23/20 04:10:19 PM
#766   Question, Who's Sortie and affiliates? le-bon ton-roule 02/23/20 03:17:42 PM
#765   5 Basic Lithium Facts ImTC 02/23/20 02:01:09 PM
#764   Required Disclosure under the Early Warning Requirements ImTC 02/22/20 05:32:39 PM
#763   Early Warning Press Release Regarding Investment in International ImTC 02/22/20 05:30:30 PM
#762   Finally someones in the ibat office. le-bon ton-roule 02/20/20 08:58:02 PM
#761   $IBAT finally updated its share structure on its Market_Stalker 02/20/20 12:13:47 PM
#760   Great point! Market_Stalker 02/19/20 10:37:28 AM
#759   Interesting observation, that $325 Million Tesla offered in le-bon ton-roule 02/18/20 11:39:41 PM
#758   Interesting observation, that $325 Million Tesla offered in le-bon ton-roule 02/18/20 11:39:37 PM
#757   I think it is the same plant. The ImTC 02/17/20 02:58:45 PM
#756   So is this the same plant that SQM ImTC 02/17/20 02:45:47 PM
#755   In April 2017, Ensorcia Metals signed an agreement ImTC 02/17/20 02:40:28 PM
#754   Market Stalker you are correct. I need to ImTC 02/17/20 02:28:40 PM