International Battery Metals Ltd (IBATF)

[TradingCharts]

"Two and a half years ago we decided to take a different direction from what we already do in the United States with the business of gas, oil and other commodities, and we were looking at something where we could apply a good technological base, I am very believer in electromobility, and that is one of the main industrial revolutions, we started looking at all lithium options in the market, and the obvious choice was Chile, "explains Layton from the United States.

The initial phase of exploitation considers to start producing lithium chloride at 40%, with a re-injection to the salt of 90% of the salts and water. In a second phase, 99.9% battery grade lithium carbonate will be produced.

The financial resources, explains the president of the company, will be obtained in the first phase with the company's own funds, and in a second phase they will seek financing from banks. They are in talks with seven Chilean and foreign banks.

http://www.elmercurio.com/inversiones/noticias/analisis/2019/01/21/planta-de-litio-de-empresa-de-eeuu-y-enami-iniciaria-operaciones-a-fines-de-2019.aspx