International Battery Metals Ltd (IBATF)

[bb221]

SQM's lithium revenue for 2019 was $505 million, down 230 million from the previous year due to depressed prices. They plan to triple production to 300,000 tonnes of lithium carbonate-equivalent from just over 100,000 tonnes. Imagine the potential if all of new production comes from DLE technology (us). I doubt they would stop production at their existing ponds because they sell almost $1 billion of potassium as fertilizers, or about half their business.

2019 revenue

Specialty plant nutrients- $723m
Iodine and its derivatives-$371m
Lithium and its derivatives-$505m
Industrial chemicals-$94m
Potassium-$212m
Other products-$35m

Total $1.94 billion

https://s25.q4cdn.com/757756353/files/doc_financials/2019/ar/Memoria-Anual-2019_eng_final.pdf

page 319 if you want to read my futile DD