International Battery Metals Ltd (IBATF)

[Market_Stalker]

Whoa. I just connected Sorcia Minerals, LLC (current IBAT licensee) with Simbol Materials (company that Tesla offered to buy for $325 million) through Alger Alternative Energies, LLC

I copied my DD below...


1. Dr. John Burba
a. CEO – International Battery Metals. Ltd (CSE:IBAT) (OTC:RHHNF)
b. Dr. John L. Burba, Ph.D. served as the Chief Executive Officer and President of Simbol, Inc.(also known as Simbol Materials LLC). Dr. Burba served as the Chief Technology Officer of MolyCorp Minerals, LLC and served as its Executive Vice President since December 8, 2009. He is a physical chemist and a world-renowned pioneer in lithium and other mineral extraction technologies. Dr. Burba served as the Chief Technology Officer and Executive Vice President of Molycorp, Inc. from September 2009 to March 22, 2013. From August 2005 to October 2008, he served as Vice President of Technology at Chevron Mining Inc. His 35-year career includes lengthy periods at Dow Chemical Co., FMC Corp., and Great Lakes Chemical Corp. (now Chemtura Corp.), where he worked on a number of lithium brine projects in North and South America. He served numerous technology related positions with Dow Chemical Co., FMC and MolyCorp. where he managed development teams. During his career, he was directly involved in all phases of development and scale-up, from invention, laboratory development, product design, process design, scale up and commercialization. He has been a Director of Neo Material Technologies Inc. since May 2012. He has been a Member of Advisory Board at Canadian Energy Materials Corp. since March 2016. Dr. Burba has B.S. degree in chemistry in 1974, M.S. in Physical Chemistry in 1976 and PhD in Physical Chemistry in 1979 from Baylor University. https://www.bloomberg.com/research/stocks/private/person.asp?personId=60527074&privcapId=677601

2. Simbol Materials, LLC
a. Two years ago, Tesla CEO Elon Musk offered $325 million to buy the once promising startup Simbol Materials, which was extracting small amounts of lithium from hot and salty water from underground near the Salton Sea east of San Diego. http://fortune.com/2016/06/08/tesla-lithium-startup-simbol/
b. The report says that Simbol’s board was looking for a bid from Tesla of closer to $1.6 billion. The company’s investment bank, Jefferies, had come up with a $2.5 billion valuation. Supposedly, Musk quickly walked away from the negotiations because of the high price. http://fortune.com/2016/06/08/tesla-lithium-startup-simbol/

3. Alger Alternative Energies, LLC
a. Managers
i. Ernest Walker
ii. Larry Dillaha

b. Controlled Thermal Resources recently signed a development agreement with Alger Alternative Energy, which acquired Simbol's technology after the startup landed in receivership, a process similar to bankruptcy. Under their deal, Alger would extract lithium and other minerals from the geothermal brine that Controlled Thermal uses to generate electricity, then sell those minerals to third parties. https://www.desertsun.com/story/tech/science/energy/2017/02/10/salton-sea-geothermal-plant-would-use-lithium-tech-caught-teslas-eye/97743092/

c. Treated geothermal brine compositions with reduced concentrations of silica, iron and lithium
Patent number: 10190030
Abstract: This invention relates to treated geothermal brine compositions containing reduced concentrations of lithium, iron and silica compared to the untreated brines. Exemplary compositions contain concentration of lithium ranges from 0 to 200 mg/kg, concentration of silica ranges from 0 to 30 mg/kg, concentration of iron ranges from 0 to 300 mg/kg. Exemplary compositions also contain reduced concentrations of elements like arsenic, barium, and lead.
Type: Grant
Filed: February 25, 2014
Date of Patent: January 29, 2019
Assignee: Alger Alternative Energy, LLC
Inventors: Stephen Harrison, John Burba

https://patents.justia.com/inventor/john-burba

4. International Battery Metals. Ltd (CSE:IBAT) (OTC:RHHNF)
a. CEO – Dr. John Burba
b. International Battery Metals, Ltd. Joins Sorcia Minerals LLC, Announces License Agreement for Lithium Extraction Technology and Appointment as Exclusive Equipment and Services Supplier
i. Vancouver, British Columbia--(Newsfile Corp. - November 8, 2018) - International Battery Metals Ltd. (CSE: IBAT) ("IBAT" or the "Company"), is pleased to announce that it has entered into a licensing agreement (the "Licensing Agreement") with Ensorica Metals Corporation ("Ensorcia") and its wholly-owned subsidiary, Sorcia Minerals LLC ("Sorcia"), whereby IBAT will license its novel lithium extraction technology to Sorcia for use in extracting Lithium Carbonate from lithium bearing brine sources in the country of Chile (the "Territory"). In addition, the Licensing Agreement appoints IBAT as the exclusive provider to Sortie and its Affiliates of technology, systems and equipment for the extraction of lithium salts from brine within the Territory as well as all design, installation, operation and maintenance services within the Territory with respect to systems and equipment for the extraction of lithium salts from brine. The economic viability and technical feasibility regarding any of the Chilean projects has not been established at this time. https://finance.yahoo.com/news/international-battery-metals-ltd-joins-182200736.html?.tsrc=rss

5. Sorcia Minerals, LLC
a. Managers (same as Alger Alternative Energies, LLC)
i. Ernest Walker
ii. Larry Dillaha

b. Enami signs agreement for the development of added value of lithium https://www.bnamericas.com/en/news/miningandmetals/enami-signs-agreement-for-the-development-of-added-value-of-lithium