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2 or 3 separate times you have told me you were leaving IBAT altogether.
Livent has a market cap of $2.8 billion. Yes, I give burba credibility for building the original plant.
Most here have averaged down their positions and are grinning from ear to ear. Sorry if you missed out, and want to discredit the company after the fact.
I see no problems
Doing well, glad to see the return of warmer temperatures here in the middle of the country. Hope all is well with you.
MONTHLY PROGRESS REPORT
February 2021
Number of Outstanding Listed Securities: 117,709,499 ( not including the latest 17 million private placement)
The Company has now substantially finished the detailed engineering and is approaching completion of key equipment fabrication for the Mobile Lithium Extraction Unit (“the Unit”). The Company plans to have all of the mobile skids completed in the third or fourth quarter of this year with the objective of having the Unit deployed to the field by the end of the year.
https://webfiles.thecse.com/IBAT_Form_7_February_2021_2.0_FINAL.pdf?9RjL1WzWFtPblQM1.Ra1Do7eVZ7AJQed
What trouble? The stock is up 500% since November.
Nice finds!
Ok burba is a terrible ceo who is scamming us out of our money. Thanks for your input.
My understanding is lilac solutions uses ion exchange to separate the lithium. However burba states “A key advantage of this unique process is that it does not rely on electrolysis to produce 99.9% to 99.99% purity lithium products.” https://ibatterymetals.com/pdf/ibat-06-11-18.pdf.
So how is burba able to say this?
International Battery Metals Ltd. Announces Private Placement with Existing Shareholders Sorcia Minerals LLC and Evl Holdings, LLC
VANCOUVER, BC, Feb. 9, 2021 /CNW/ - International Battery Metals Ltd. (the "Company") (CSE: IBAT) The Company announced today that its directors have approved a private placement by the Company's existing shareholders Sorcia Minerals LLC ("Sorcia") and EVL Holdings, LLC ("EVL)") of up to 17,250,000 units at $0.58 per unit for proceeds of up to $10,005,000 CAD. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable to purchase an additional common share at a fixed price of $0.58 per share for a period of 2 years from closing. 50% of the units will be purchased by Sorcia Minerals LLC and 50% will be purchased by EVL. The placees are not acting jointly and in concert.
Under the terms of the private placement agreements the placees will be granted a pre-emptive right for two years from closing, in respect of any equity securities issuance by the Company, to purchase at fair market value the amount of securities required to maintain their percentage holding of the Company. The placees have agreed to vote their shares with management on general meeting matters during the two-year period.
The proceeds will be used for the final engineering and continued fabrication of the mobile lithium extraction unit, and, also for working capital.
Because the purchasers are both insiders of the Company the private placement will be subject to approval of the minority shareholders under MI 61-101 and accordingly will not close until after it is approved at a meeting of the shareholders called for that purpose. Closing will take place within 5 business days of the required shareholder approval.
Sorcia is a subsidiary of Ensorcia Metal Corporation (Ensorcia) which holds 6,666,666 common shares . Sorcia currently holds 25,000,000 common shares and 25,000,000 share purchase warrants. EVL currently holds 25,000,000 common shares and 25,000,000 share purchase warrants. Upon completion of the private placement Ensorcia will hold directly, and indirectly through Sorcia, an aggregate of 40,291,666 common shares representing 34.30% of the shares then outstanding 38.8% after exercise of warrants. EVL will hold 33,625,000 common shares representing 28.62% of the shares then outstanding and 44.50% after exercise of warrants.
The securities issued under the private placement will be subject to a statutory hold period of four months from the date of issuance and will also be restricted securities under the United States Securities Act of 1933.
ON BEHALF OF THE BOARD
"Dr. John Burba"
Forward–looking and cautionary statements
This release may contain certain forward–looking statements with respect to the financial conditi
Read every sedar filing for the private placements. They all say it.
What do you think the private placements were used for lol
Yes, I think you are correct. The applicant is left blank on the application.
If the Applicant Information section is left blank, the USPTO will recognize the inventor or joint inventors as the applicant.
Can the applicant be changed during prosecution?
Once an applicant—the inventor(s) or the assignee—is accepted by the USPTO, it can be changed; however, a number of steps are required to do so. In particular, in order to change the applicant from the inventor(s) to the assignee, the USPTO requires the following documentation:
https://www.lexology.com/library/detail.aspx?g=1e0a8034-2e51-45e9-936d-76a9c41aa66f
Ibat is not in the lithium carbonate or lithium hydroxide market, but rather the lithium chloride market. Our system is designed to concentrate lithium from brine into a 30% lithium chloride solution which will then be transported for further refining. In Sorcia mineral’s case, Chemphys will handle the processing.
About Chemphys
Chemphys have been producing high purity lithium chemicals since 1998. We were pivotal in introducing spodumene into China in the 1990s and have been at the forefront of producing high purity lithium products since then.
https://www.linkedin.com/mwlite/company/chengdu-chemphys-chemical-industry-co-ltd
The shareholders of IBAT/RHHNF have been through a lot, to say the least. The bright spot in the delay was that it gave all of us the opportunity to buy at the very bottom. Things are looking up now.
Too funny! I ran across this application 6 months ago, but wrote it off too early. I am happy they indeed are patenting their sorbent. Do you think IBATs name is not on the patent yet because they are trying to keep this low key?
The language in the progress reports have changed and sound much more promising, but i understand why you are skeptical.
burba says he improved the sorbent material. Could it be made with industrial hemp?
Is the secret sauce cannibis char??
https://patents.google.com/patent/US20200179847A1/en?inventor=Marc+Privitera&sort=new
It was only 5.5 million in funding. That’s a Drop in the bucket for a $2.7 billion company
They still use burbas 1st generation technology, perhaps they think selective absorption is better? Just a thought.
Why did livent pull out?
I have to wonder why IBATs patent attorney is not representing the latter two, especially if ibat technically owns them.
Well said! Thank you for your insight!
5% Ibat gross profits.
Burba, Borgese, and Privitera are the shareholders of SAL and presumably NAL, and will be awarded shares if the patents are granted.
As for 16170316, I dont believe Burba thinks he needs it because he didn't have his patent attorney, BUCHALTER, review and submit it.
Yep. I am going to assume that it is application number 16170316
It shows up on the global dossier for the other patents
Burba has 5 million shares riding on the patents approval, which is good. More incentive to get it done.
Maybe we will get a preview
I hope we get a sneak peek before they ship it down to Chile. Rhhnf= rocket!
There you go, Beaty exercises their preemptive rights.
https://www.newsfilecorp.com/release/74257
Guess you’re not selling lol.
Stonewall Holdings
COMPANY INFORMATION
Company Name: STONEWALL HOLDINGS, LLC
File Number: 43341225K
Filing State: Louisiana (LA)
Filing Status: Active
Filing Date: January 30, 2019
Company Age: 2 Years, 1 Month
Registered Agent:
Map Icon spacer Frank S Slavich III
1201 Camellia Blvd.
Suite 300
Lafayette, LA 70508
Mailing Address:
Map Icon spacer 600 Jefferson Street
Suite 600
Lafayette, LA 70501
Sponsored Links
COMPANY CONTACTS
Affiliate Links
Search anybody by name, e-mail address, phone number, online username or even friends in your address book and instantly return lots of info.
SOUTH OAK CAPITAL PARTNERS, L.L.C.
Manager
Map Icon spacer 600 Jefferson Street
Suite 600
Lafayette, LA 70501
This all traces back to Kevin Moody and moody, Marino, and rucks LLC
The final design and blueprints are being developed for this unit by Practical Engineering Solutions LLC and all future units will be based off this design
MANAGEMENT'S DISCUSSION AND ANALYSIS- 12-30-20 https://www.sedar.com/CheckCode.do
Practical Engineering Solutions LLC
124 Heymann Blvd, Ste 201
Lafayette, LA 70503
https://pes.stonewallco.com/
I thought it was their option to buy shares at fair value to maintain the same percentage of the company as before the new placements. So it wasn’t actually them exercising their warrants at .105
I don’t remember reading anything about the 25 million warrants Ensorcia and evl have. Can you find where it says that in the original filings? Also, the math is wrong. Something is off.
I’m just happy they finally updated their website. It makes all the difference for new investors.
It looks like someone at IBAT finally got around to updating their recent news.
https://ibatterymetals.com/
The “secret sauce” sorbent material is noticeably left off.
I would love to hear a patent attorney's take on the examiner's latest non-final rejection. Specifically on page 8 bullet point #6.
https://portal.uspto.gov/pair/view/BrowsePdfServlet?objectId=KJUEE9I9LDFLYX9&lang=DINO
I know ImTC has some questions.
Great week.