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Tuesday, 03/12/2019 9:27:47 PM

Tuesday, March 12, 2019 9:27:47 PM

Post# of 6579
$IBAT’s CEO, Dr. John Burba, was CEO of Simbol Materials in 2014 when Tesla offered to buy it’s lithium extraction technology for $325 million, and was also instrumental in the tech’s development.

The Tesla deal fell apart because a valuation firm valued Simbol at $2+ billion.
Then, Simbol also fell apart, but it’s back in the form of four different companies:

International Battery Metals, Ltd. (IBAT);
Ensorcia Metals, LLC;
Sorcia Minerals, LLC; and
Alger Alternative Energy, LLC.

IBAT has entered into massive contracts with Sorcia and Ensorcia to build 2 plants in South America, one in Chili and one in Argentina. The Chilean government’s mining company ENAMI is also a partner.

Sorcia is a subsidiary of Ensorcia. The managers of Sorcia are Walker and Dillaha. Walker and Dillaha are also the managers of Alger Alternative Energy. And lastly, Alger Alternative Energy acquired Simbol’s technology after it went under.

All that to say, the gang is back together again, but better than ever. $IBAT is so undervalued it boggles the mind.

This is only my understanding. Do your own DD, but comments and corrections are always welcome. Good luck to each of you.