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Why are you posting stuff that's four years old?
More than enough lithium in the Smackover to meet the world's demand. You read that right - enough lithium to meet global demand. https://www.nytimes.com/2024/10/21/business/energy-environment/arkansas-lithium-ev-batteries.html?partner=slack&smid=sl-share
I've had enough of Burba talking at conferences, being interviewd by journalists, and doing youtube videos. I want to see some production. Details of what was accomplished at US Mag, to start with.
Wonderful. Now get back to work and find a customer for the unit that's sitting idle in Utah.
This is unacceptable. The company should be more fully explaining the nature of the problem, how they expect to fix it, and how much delay the problem will cause. I have reduced my share count. This could result in total failure. Hard to assess without more information.
Quayle/Worley has nothing to do with US Mag. There is no evidence that IBAT is involved. Maybe you could do some DD instead of constantly cheerleading with the same old tired cliches/
I asked Perplexity https://www.perplexity.ai/ who was the furthest along in DLE production in the US. Here's the response:
Based on the search results, the company that appears to be furthest along in Direct Lithium Extraction (DLE) production in the USA is International Battery Metals (IBAT). Here's why:
IBAT has recently initiated operations at its commercial proprietary modular DLE plant in Utah. This facility is significant for several reasons:
It's described as the first commercial DLE operation in North America.
The plant is already operational and producing lithium, extracting it from a magnesium chloride/lithium chloride brine.
IBAT is currently supplying lithium chloride to US Magnesium from this facility.
The company's DLE technology offers several advantages:
A reduced timeline of about 18 months from construction to production, compared to the typical 5-7 years for traditional methods.
Potentially lower capital and operational expenditures compared to industry standards.
A small footprint, occupying only about one acre.
IBAT is now focusing on enhancing production by adding more columns to their existing DLE modular platform to increase capacity.
While other companies like Lilac Solutions and EnergySource Minerals are also making progress with DLE technology in the USA, they appear to be at earlier stages. For instance, Lilac Solutions is constructing a demonstration plant in Utah expected to begin operating in mid-2024, with plans to scale up to 5,000 metric tons in the next three years. However, IBAT's plant is already operational and producing lithium, putting them ahead in terms of actual production.
Anson is in Utah, near Moab.
That's not "insider buying." That's payment for a debt. "These issuances are being made in lieu of cash payment for services rendered as a director and the corporate secretary of the Issuer."
What's the connection between A-1 and IBAT?
Three posts advising of the same g-damn information. Do you people read what has already been posted?
The Company’s current operations consist of the development of a modular direct lithium extraction plant
(“MDLE Plant”) which can be rapidly deployed and assembled onsite at a customers’ property. The MDLE
Plant is designed to process brine solutions to extract lithium chloride which can be further processed into
lithium carbonate and used for industrial purposes or as a battery component. The Company constructed
the first MDLE Plant in Lake Charles, Louisiana where it performed feasibility testing and was made
available for demonstration to potential customers. Additionally, the Company is developing a second
generation MDLE Plant which will provide customers with the option to greatly increase the scale of the
MDLE Plant’s capacity to process brine solutions and increase lithium chloride production.
In January 2024, the Company entered a term sheet with a customer (the “Customer”) to operate the first
MDLE Plant at the Customer’s location in the Western United States. The Company is currently mobilizing
the MDLE Plant to the Customer’s locations and anticipates that the MDLE Plant will be integrated into
the Customer’s facilities in March 2024 to commence phase one testing and acceptance. The Company is
targeting an initial production capacity of sufficient lithium chloride to produce 4,000 metric tons of lithium
carbonate per annum. The Customer has onsite facilities to convert the lithium chloride to lithium
carbonate. (Source: Canadian regulatory filing.)
Hello, gregcod. It sure is cute how you include all those extra capitalized letters. Really makes you stand out. I'll bet all the girls in the seventh grade are just wild about it.
Six posts advising of the same g-damn information. Do you people read what has already been posted?
What is the connection between Lithium South and IBAT?
Wake up people! It's going to zero.
Okay. What are the DLE stocks that you think hold the most promise, over say the next year? My favorite is IBAT.
Yes, I realize Ioneer and its supporters think they will be permitted, but what's really happening is that the government is playing heads-we-win and tails-we-win. The government issues a conditional loan commitment for $700 million (conditional on permitting). This pleases the portion of the electorate that applauds government support of clean energy. But, then another governmental agency denies the permit. This pleases the portion of the electorate that applauds environmental protection. The government is only concerned with getting re-elected. If this does not convince you, it's fine with me. All I'm saying is that there is risk with Ioneer, which Is why I'm not enthused.
Ha Ha. Wrong buckwheat. Ioneer's problem is Eriogonum tiehmii. https://en.wikipedia.org/wiki/Eriogonum_tiehmii
I'm not enthused with Ioneer. They've got a buckwheat problem. https://nevadacurrent.com/2023/05/05/lithium-mining-company-hopes-to-plow-ahead-by-growing-endangered-plant-in-greenhouse/
This is junk. They will end up selling their land position to Anson for virtually nothing.
Why do you think this patent is significant?
This article, from over a year ago, concerns a dispute between Pure Energy and Albemarle over water rights in Clayton Valley, where the Silver Peak Mine is located and where Albemarle currently owns almost all the water rights. Under Nevada law, according to the article, the owner of water rights must “use it or lose it,” and Pure contends Albemarle isn’t using all of its water rights. The article quotes an Albemarle VP as saying the company intends to double its existing production of 5000 metric tons. The recent IBAT presentation projects initial production of 4000 metric tons with expansion to 8000 metric tons. It appears to me Albemarle is using IBAT’s technology as a means to double its production and, thus, avoid losing its water rights.
When asked about water, Narwold noted the pending issues, but she said that “until someone tells us we don’t have the water, the default is that we have all those water rights and we can pump them. That’s part of the expansion here, making sure we’re using all those water rights.”)
https://thenevadaindependent.com/article/in-remote-nevada-valley-a-race-for-more-lithium-comes-down-to-waterefbfbc
My point is that all the brines in the Silver Peak area are going to be heated. I'm thinking Albemarle because the presentation (Slide 11) says the IBAT module "“will replace the Customer’s equipment that is currently producing a significant amount of lithium chloride and tie into existing carbonation facilities.” I'm not aware of any project in the Salton Sea that is producing a significant amount and which has carbonation facilities. Maybe there is one, but if not, then I think the module has to be going to Albemarle's Silver Peak mine.
Why do you suggest Salton Seas? Silver Peak is geothermal. https://www.energy.gov/nepa/articles/ea-1921-draft-environmental-assessment
That updated presentation is fantastic. The customer is Albemarle and the unit will be installed at ALB's Silver Peak mine in Nevada. This installation will be the first scaled production of lithium using DLE in North America. https://www.ibatterymetals.com/hubfs/IBAT-Corporate%20Update_01-26-24-compressed.pdf?hsLang=en It's going to be big. First, Albemarle. Then, XOM. That’s the Lowdown.
If the customer is Albemarle (at Silver Peak), it's "Katy, bar the door." IBAT will be off an running.
Boom! INTERNATIONAL BATTERY METALS LTD. ANNOUNCES THE SIGNING OF A TERM SHEET FOR OUR MODULAR DIRECT LITHIUM EXTRACTION PLANT WITH A CUSTOMER https://www.prnewswire.com/news-releases/international-battery-metals-ltd-announces-the-signing-of-a-term-sheet-for-our-modular-direct-lithium-extraction-plant-with-a-customer-302033162.html
Still no word on the DLE tech XOM will use. I think IBAT has a shot at it. https://open.spotify.com/episode/2iVYvHEj7Qf2PceKNDFslp?si=1ychA5IGRRKbThhdAcCKyw&nd=1&dlsi=be61e473413b4179
Hey, stervc, want to try again?
1,000,000 shares x .0043 = 4,300 shares of SGII
4,300 shares of SGII x $10.00+ (Price of SGII:NASDAQ) = $43,000+ in New Investment Value