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Burbas shareholder letter was a nice change. Iris must be motivating. 2 years of Flowers taking the hard right, can't wait to see team Iris execution.
11k isn't a duck that has quacked around ibat to date.
So far all time has told us is that it keeps ticking with IBAT. I'm excited to see if Iris comes aboard and if time will be told differently by her.
Could be the aussies being aussies. IBAT never announced 11ktpa but then again IBAT doesn't announce much and when they do, the numbers are nearly impossible to translate.
Would appear, ibat is inferred in that article but the one below indicates the article was written about Anson.
https://www.marketscreener.com/quote/stock/WORLEY-LIMITED-6495133/news/A1-Lithium-Inc-Awards-Worley-Limited-for-Paradox-Lithium-Bromine-Project-37124286/
Great post, thank you for sharing
https://www.worley.com/en/about-us/our-people/darryn-quayle
https://finance.yahoo.com/news/journey-net-zero-battery-charged-093222159.html
“We’re also working with a Utah-based lithium provider to produce 11,000 metric tons of sustainable battery-grade LCE annually. Their plant will use multiple direct lithium extraction (DLE) units commissioned in stages to validate DLE technology for lithium separation, expand production to commercial capacities, moving from proof of concept to complete front-end loading design,” says Quayle.
The R/O system is not a desalination plant. Thanks for sharing, I'm not sure why you defaulted to "I called you a liar". I was asking out of curiosity because I did not see any desalination plants purchased.
I'd love to see where it said anything about IBAT funding a desalination plant.
5 years of Sorcia / Ensorcia / Entec saying "desal plant in Chile 500m" as an example only to just watch literally nothing happen.
Hot topic, LEXI that JV flopped as hard as RjR, and I like Raul, he got bent by the Chilean policy makers when the nationalization started.
10% ownership in a project looks great on paper. Dan Layton weakness is in execution. I'd love for that to change.
TVR, can't wait for that gigafactory. I won't hold my breath.
The Capex looks great, so does their execution. And it's apparent based on investor interest and the deals ESM has versus IBAT. 2 different companies, the only ace up IBAT sleeve now is working commercial technology.
Riddle me this batman. 1800ppm brine carbonate process CAPEX. How do IBAT numbers compare?
Costs to produce through a CAPEX and OPEX lens of ibat is much more detailed based on the Financials, corporate presentations and statements compared to any other "technology provider" on earth.
People don't care about traditional quality expectations or estimates. They want buzzwords and headlines like the sea of juniors showing bowls full of piloted scale lithium produced.
Can't wait to see who e3 third party technology is. Excited to watch lilac funnel more investor money and see IBAT catapult or crumble.
Lithium is dead atleast until 2025, atleast while China is allowed to keep bringing garbage Africa spod across the pond and diluting aussie spod in the motherland to get that BG.
Prices tap $10/kg then reset to $18-24/kg which should start that reversal by EOY.
Keep in mind every 2024 PFS and DFS based their pricing off Benchmark the lithium pump squad at $20-30kg. IBAT 2023 pricing model was $15/kg.
Let's see if experience really applies in lithium extraction.
Tech might suck but arcadium liked their absorbent over burbas so they bought a bunch to begin their expansion that isn't expanding. Hope that helps - ESM is among top 3 competitors to ibat imo.
AZL is quickly advancing its 100%-owned Prairie Lithium Project in Saskatchewan, with commercial production planned for mid-2025, having already secured approval for three production wells (and two more to come). It is using existing Direct Lithium Extraction (DLE) from EnergySource Minerals and a modular approach will provide scalability and a lower environmental footprint.
Solid economics even at an initial small scale of 6ktpa . Based on the Dec-23 PFS, Prairie will be a 6ktpa Lithium Carbonate operation for total Capex of A$485m. At our US$20,000/t long term Lithium Carbonate price (minus a US$2,600/t deduction for technical grade), Prairie generates A$103m/pa EBITDA, an IRR of 26% and significant valuation upside
On our modelling, AZL is expected to have low cash costs of US$3,084/t and AISC of US$5,000/t LCE. . There is also significant leverage, with each additional 2ktpa LCE module adding A$80m in NPV and every 10% increase in pricing adding c.A$150m in valuation.
Rents for the MDLE Plant, based on the level of production achieved, range from $200,000 per month to $400,000 per month and the royalties range from 3% to 5% of total product sales, depending upon the level of production achieved and the prices realized in the market. US Magnesium also has a purchase option for the MDLE Plant.
First time I'm seeing them. DLE is a crowded landscape with a massive gap in talent and experience.
Might be one of the most limp wristed things I've ever seen you do TC.
Atleast now I understand you make it up as you go.
International Battery Metals Ltd. (the "Company"), is pleased to announce that is has appointed Marcum LLP, as the Company's independent registered public...
https://finance.yahoo.com/news/international-battery-metals-ltd-announces-164300432.html
Haha you expect me to what exactly?
I didn't retract my words from a public forum, why exactly did you try to erase what you said in public?
I'm glad you noticed the lithium blood bath, very keen eye you have. Please tell me more about what you know. I would love to hear it.
If I were to take a guess, judging by your posts and engagements, you would be one to have a look at when it comes to "giving the MMs something to fight over" if I can paraphrase correctly.
The boondock saints said it best "make like a tree and get the fuck out of here"
Anyone have an idea how to post a picture with 1990 technology here on ihub?
You're on that thang again buddy boy
Profitable down to $6/kg low as 100ppm.
Read what you want it's definitely hilarious you're still "here" granted you're "out of lithium" and "called it"
Save that for someone who would believe it, like the candy boy from Louisiana. Have you asked him how that BHE theory is going lately?
Still looking for the salton sea units, I can't see past burba dropping his grace on the Fast Markets conference.
Here's a rabbit - use linkedin for IDE TECHNOLOGIES, trail is hot at #CODELCOSADDN
Janick coming in hot....
If the lithium landscape played out as you said....sayona pumped as you sold, ibat sold off as you took profits and e3 pumped as you bought. Not exactly one to trust beyond a YouTube video per post and a wabbit
Ok?
Fact: The unit is on-site currently producing. Simple math on a best case basis 30 days continuous production out of 4k tpa would = 328 tonnes at a rate of 10.96 per day...
given pricing ranges from $10-24/kg depending on who you want to read it from I'd say US Mag and IBAT are doing just fine running the technology to get actual data before "making a production announcement" but what do I know I've only been following IBAT since 2018
Fact: Eramet is on-site currently producing
Fact: E3 has third party technology and will never realize profits because the project is too expensive
Fact: Will need you to fill this one in on how Ensorcia or Burba are responsible for any P&D activity, I can't find those facts.
Fact: BHE & Terralithium are extending to Smackover
Fact: Sayona is a 4x failed project spanning decades.
Opinion: You should take a vacation
Good to see E3 finally being valued closer to reality.
That PFS is hilarious, glad the Doc is veteran enough to know not to touch a failed project from the start.
These QP can't make a "final" adjustment to their estimates STILL...$30/kg pricing? Really? No wonder banks don't use these reports.
Will be a nice change of tune for DLE once the production numbers come from IBAT and Eramet.
Someone do math on minimum wage for all those Eramet employees and run that against a $15-$20/kg figure. Seems the PR provided OPEX is a bit way off 🤣
Not exactly sure but, he is able to not be needed while his automated bread maker sets global standards from one of the most difficult and complex brines on earth.
Confident enough to hit the UK during comission startup and production time.
Position A.
Alternatively 2.5b for e3 Clearwater capex hahahahahahhahah
I don't think ibat sees 6 until it's value matches in this market. It hit 6 with the rest of the entire lithium market rally.
I initially thought at first it was their timeline and pipeline leading to product, I was misinformed.
This go around, I am much more confident in my being informed. Relying on big money to pay a good price or even expecting it is not what I'm doing. I'm more interested in capacity of unit 1 amd how they plan on being cost competitive in their current structure.
SA lacks a critical piece, infrastructure to new projects. Would make sense why there are no units in Argentina. The places where infrastructure exist aren't attractive for deals for juniors + the places they don't exist will need too much time to develop into production. Natural gas is very expensive in SA you should check out the price comparisons.
3 months is what the PR said, and given IBAT 7 years of being publicly traded. They'll be using all of those 3 months and no news will happen during that time.
Let's see if production brings a different theme to ibat.
Welcome to the team Mr. McGuire
UsMag selecting IBAT over the other evaluated technologies speaks highly of the capabilities that the IBAT modular technology provides.
RjR is no longer a JV.
IBATF is profitable down to 6k on contract pricing and can produce from low as 100ppm. The range of Li concentrations the unit was designed for is a masterpiece. That range reflects the majority of brines throughout the world. Usmag is an exception to this due to their concentrations and contaminants.
Instead of "whats next" take a moment and appreciate yourself asking that question being invested. I say this because (insert any DLE company onsite) are 1 trick ponies on 1 project. Shaw can facilitate "parallel" construction, in addition to the contracted fabricators. The question "whats next" should be "how many" clients are waiting to execute agreements once production begins next month.
Exxon pushed their technology provider update back in feb to the end of the year, shortly after the announcement of the term sheet with USmag. Meanwhile, the geopolitics in Chile are very unattractive as the project ownership is a cut and paste newly partnered SLI equity agreement. Doesnt matter where the subsequential "units" go, production will follow. Too bad there aren't enough developers ready to produce.
Gen 2, Gen 3! Modularity being re-defined and fully encompassed in the Patent moat by the Godfather. He's the chemistry expert but I would have used the term "versatility" much more when describing that patent.
Sorry, IHUB is 90s technology and requires too much effort. Disabling javascript usually makes it past a paywall. Here's a snippet;
"We have a plant that we can build in less than two years, put on site in one or two months, hook it up, and get it rolling."
The company trades under the symbol IBAT on the Canadian Stock Exchange.
Catch up fast: Typical methods for extracting the lithium used in batteries require evaporating large pools of briny water. It's a slow, inefficient process.
A handful of companies are pursuing what's known as direct lithium extraction (DLE), a category of different technologies that aim to make the process more efficient.
The latest: International Battery Metals says it can build a smaller and more mobile extraction system.
The one it sent to Utah was built in Lake Charles, Louisiana.
The system spans about 3 acres, small compared with conventional lithium extraction. It has annual production capacity of up to 5,000 tons.
The company is completing testing. It expects to bring it online in the next three months.
Reality check: Before this project, International Battery Metals had completed only a three-month test of its lithium extraction system."
Ibat has only 3 months of testing so
You may have lost the interest in due diligence and research but my curiosity hasn't dwindled. I cannot seem to find the source of your information so moving forward I will have to just accept that it's a matter of baseless opinion over a fact.
Happy to see ibat technology selected by usmag over competing technologies for this project. Can't wait to see production data!
Thank God ibat doesn't do those conferences. They literally don't get anything done. Ibat been doing the right thing for years. Good work usmag for selecting ibat as your technology provider among the others evaluated.
Side note, if you or anyone has seen references that stated salton sea produces carbonate please share it!
Offering closed
“I am smelling something that doesn’t smell good, and it’s not the Salton Sea,”
https://inewsource.org/2024/04/22/california-lawsuit-salton-sea-lithium-imperial-valley-ceqa/
I am sure you can do better, let us know when you start lab operations so we can follow.
You spelled sayona wrong lol, glad you're still around. I'd never know all the non ibat related happenings. Invaluable 🤣
Doesn't really matter how many "contracts" other companies sign when ibat announces production this month does it?
How's sayona doing
Not surprised the Salton sea jockeys haven't shared this here yet. For anyone who isn't blindly sharing non related information here is a link to the upcoming conference that burba will be presenting at.
https://energy.apexevents.cn/
Last year when burba said they're evaluating all uplisting possibilities? Or when ibat announced they're applying to the tsx.v under the ticker DLE, not sure which you're referring to but you're hilarious I appreciate the laugh.
Burba in London June 18-19...acceptance testing and commission complete, they gonna wait for Chile acceptance letter or make 2 monumental announcements this month.
Oxy, BHE....swipe right