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I don’t think it’s on purpose. It dilutes managements shares too.
Even if COVID never happened, there was no way they were going to make their original deadline.
That is our new time frame for mobile unit deployment.
Possibly “mobile unit?” Just a guess. I’ve wondered that too
Scholarships For access to Brine?
I nearly bought llkkf months ago, when it was .025, but i bought here in IBAT in the .07s because I thought (and still do) it has more potential.
Ensorcia Metals website is back up.
https://ensorciametals.com/
I will be watching this one this week
I would appreciate that!
Ensorcia first approached Alger alternative energy( AAE) for lithium processing technology ( simbols old patents). The deal fell apart, and the parties sued each other. It was after this when ensorcia came to IBAT and Licensed the technology. AAE partnered with All American lithium and formed Terralithium, with many of its patents now being challenged by Energysource Minerals.
Layton did throw $25k for IBAT patent lawyers. There is some news out of chile from ENAMI.
http://translate.google.com/translate?depth=1&hl=en&pto=aue&rurl=translate.google.com&sl=es&sp=nmt4&tl=en&u=https://www.redimin.cl/enami-lanza-licitacion-para-desarrollar-nuevos-salares/
https://www.translatetheweb.com/?from=&to=en&ref=TVert&dl=en&rr=UC&a=https%3a%2f%2fwww.redimin.cl%2fenami-hace-mea-culpa-y-calcula-que-ha-perdido-us478-millones-en-nueve-anos%2f
Im not sure how the tender affects sorcia. It is my understanding that these are the same salt flats IBAT will be operating on.
Certainly. I have trouble posting some SEDAR documents.
You will have to go back to Nov 16, 2018 Sorcia Licensing agreement-material documents. Read section 1.29 "net sales back price means the gross invoiced sales price for such upgraded or higher value licensed products invoiced by Sorcia or any of its affiliates...."
Then read 3.1 "Royalty."
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033147#
If I read the agreement correctly, IBAT will receive 6% royalty on finished chemphys Lithium products that were produced using IBATs licensed tech. Is that how you read it too?
I have not been able to get any messages through via email.
I applied for membership. See what happens
Sorcia will directly or indirectly have 32,666,666 shares
Beaty - 6,666,666
Integra Energy- 11,825,242
These are upon exercise of warrants. That's 51,158,574 shares. I hear what you are saying. A Reverse Split would devastate small shareholders.
https://www.benchmarkminerals.com/membership/chinese-battery-megafactory-giant-catl-reaches-tier-1-status/
I think I recall in the Ali Dai lithium podcast interview, chemphys can Process “five 9’s” or 99.999% lithium purity and then sell to the electrolyte makers. (Tier One??)
This private placement comes at no surprise. The reports hinted at delayed additional financing since april. This was in the works for many months. Burba, Layton, and Maltzoff have a clear plan going forward.
There are the new shares. Deep pockets sorcia metals.
Tier one battery maker- that’s where chemphys will come in
I have not heard of the brine contract rumor. But, I heard about the lithium clay stone rumor. I see lithium America’s Thacker pass as best positioned to get the Tesla deal.
When you say pilot plant, do you mean one modular extraction unit?
Terralithium's website
https://www.terralithium.com/
Occidental Petroleum partners with All American Lithium to form Terralithium.
Interestingly, patent #8454816 is the parent patent to #9527753, which is listed in the nonfinal rejection by the examiner for IBATs patent applications.
"I just want to move"- Burba, you are so excited and confident in this interview. What exactly is going on here behind the scenes? Hoping for a positive progress report this week.
https://player.vimeo.com/video/370964897?title=0&byline=0&portrait=0
Ya, I mentioned this lawsuit in post #853. I asked you this because, judging by the timeline of 16170316, I am wondering why 16171109 and 16171107 have not filed amended claims. Is it possible they have, and the examiner will back date claims once he/she reviews them?
Also, am I correct in concluding that the remaining shares of the SAL acquisition, that were to be paid out to members of SAL, (Burba, Borgese, and Privitera) will need the patents to be filled first?
Milestone Number of Performance
Shares to be issued
Shares on closing date (issued on April 12, 2018) 4,700,000
Shares on SAL and the Company filing three US or foreign patent
applications with respect to intellectual property 4,000,000
Shares on SAL the Company filling three additional patents with respect
to intellectual property 5,536,496
Shares on SAL the Company filling three additional patents with respect
to intellectual property 5,536,496
Shares upon the Company completing either of the following: one or
more private placements financing(s) resulting in the issuance of an
aggregate of no less than 5,000,000 common shares in the Company; or
completing a laboratory – scale pilot plant for the processing of lithium or
lithium concentrates (issued on November 7, 2018) 5,536,496
Tc, have you been following application id 16170316 The entire a while with the other two,or did you first stumble on it the other day?
I haven’t seen anything recent that would suggest burba is still involved. Run the patent application number through Public PAIR and click on the Continuity data tab and you’ll see burbas old patent.
Here are USPTO Art unit grant rates.
Group 1770 — Chemical Apparatus, Separation and Purification, Liquid and Gas Contact Apparatus
Art Units in Group 1770
Art Unit 3YGR
1771 58%
1772 66%
1773 63%
1774 70%
1776 76%
1777 47%
1778 62%
1779 52%
Examiner Norris- 308 cases 42% grant rate
Examiner Mcdermot- 0 cases 0% grant rate
https://www.patentbots.com/stats/group/1770
It would be more informative than their old site was!
It would be nice if they would livestream this meeting
A lot of hype around battery day this year. Tesla is supposed to release more details about their million mile battery.
It appears they only moved forward with application # 16170316. Is it because it was the furthest along by two months? Was it the easiest to amend? Or possibly a more lenient examiner?
What is the difference between applications here? Application 16170316 has a different examiner and art unit Also they took burbas name off
https://globaldossier.uspto.gov/svc/doccontent/US/201816170316.A/1-1-US%20%20161703160OP1%20/1/PDF
Canadian
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033147
Jun 25 2020 - Audited annual financial statements - English
page 24
Yes, however they have to vote with IBAT management until the warrants expire.
As of January 31, 2020, share purchase warrants were outstanding as follows:
$0.16 November 7, 2020 1,000,000
$0.14 August 23, 2021 3,333,334
$0.14 September 19, 2021 2,857,142
$0.14 September 23, 2021 476,190
$0.14 December 13, 2021 3,000,000
$0.14 January 22, 2022 2,912,621
I wonder, if positive patent news comes out, if these warrants will be exercised and if that will give IBAT the funding they need.
We cannot discount the fact that IBATs two largest stakeholders, Daniel Layton and Micheal Maltzoff, are using IBAT as part of their new business model in south america with Ensorcia. I do not think IBAT will have any problem getting more funding from them. These guys have deep pockets.
"The Layton family of companies have created hundreds of jobs and has wide spanning operations internationally. Portfolio companies in the energy sector range from well servicing, midstream to physical commodity trading and generate revenues into the hundreds of million dollars annually."
https://www.laytoncorporation.com/about
sleeping giant?
the ensorcia metals website is down/expired
http://ensorciametals.com/
https://www.reuters.com/article/us-chile-lithium-sqm-exclusive/exclusive-chilean-regulator-preps-sweeping-atacama-review-as-it-abandons-sqm-legal-battle-idUSKCN2582OG
https://www.reuters.com/article/us-chile-lithium-sqm/indigenous-groups-in-chiles-atacama-push-to-shut-down-top-lithium-miner-sqm-idUSKCN25A2PB
whoa...