Battery Metals Ltd. (CSE: IBAT) (OTC PINK: RHHNF) ("IBAT" or the "Company") is
pleased to provide an update on our Chilean research and development
technology project with Ensorcia Metals Corporation and Sorcia Minerals LLC. Design and construction of IBAT's Mobile Lithium Extraction Unit is
progressing, on schedule for deployment on a Chilean Salar, in late 2019 or
early 2020. More specifically, final engineering of the Mobile Lithium
Extraction Unit is nearing completion. Additionally, key vendors and
fabrication shops have been identified and will soon be under contract.
John L Burba, IBAT CEO, stated, "The successful installation of our first
extraction unit in Chile will be a critical milestone for IBAT and the lithium
industry. A key part of our strategy is to manufacture low cost mobile
extraction units that can be deployed quickly, either individually or in sets,
on virtually any lithium containing brine resource in the world."
Daniel Layton, CEO of Ensorcia Metals Corporation and Sorcia Minerals LLC,
stated, "We could not be happier with the progress that IBAT has made in the
development of its Mobile Lithium Extraction System since we signed our
licensing agreement with them last November and we are anxious to see the
first unit deployed later this year. We are also very pleased with the
creative and collaborative working relationship that exists between us and
IBAT. We believe that IBAT's technology paired with our access to South
American brine resources, is a winning combination that will have us in
production years ahead of the time that traditional technologies would have
Key advantages of the IBAT Mobile Lithium Extraction Unit include:
1. Rapid deployment - Once critical infrastructure is in place at the
installation site, our portable extraction unit can be deployed to a
resource and be producing Lithium Chloride ("LiCl") in less than 1 year.
2. Scalability - Our unit is modular in design and scalability is simply a
function of installing multiple units to increase LiCl production to the
desired level, up to the maximum that can be supported by the resource and
available infrastructure. In proper circumstances and with an appropriate
resource, scalability can be self-funding after the first unit, by using
revenue generated by the first unit to fund installation of subsequent
3. Capital Cost - We believe the IBAT system design will be inherently lower
cost to build, install than traditional Lithium production methods.
4. Low Operating Cost - The economics of lithium extraction depend on a
number of factors, including lithium concentration, access to electricity,
fuel, transportation and shipping ports. That said, our systems are
designed to minimize operating costs and we believe actual operating costs
will prove to be among the lowest in the industry.
5. Environmental - IBAT's mobile extraction unit does not depend on solar
evaporation ponds to extract lithium and thereby avoids the environmental
impacts often associated with traditional production methods, such as
generation of large volumes of salt. Our system draws lithium bearing
brine from the brine resource and returns the lithium depleted brine to
the resource. This feature of IBAT's technology avoids the depletion
(lowering of the water table) of the Lithium bearing aquifer that can
result from evaporative production methods. Furthermore, our proprietary
water management system is capable of internally recycling up to 98% of
our fresh water. Thus, unlike traditional lithium extraction processes, we
will not be wasting scarce fresh water.
We believe that these advantages will position IBAT to help meet the world's
ever-increasing lithium demand in a low cost, environmentally responsible
manner. Greg Mehos, Ph.D., P.E., an independent Qualified Person within the meaning of
National Instrument 43- 101 - Standards of Disclosure for Mineral Projects,
has reviewed, approved and verified that the scientific and technical
information contained in the release is accurate.