Compass Minerals International Inc. (CMP)

[TradingCharts]

Compass Minerals Announces $252 Million Strategic Equity Investment Partnership with Koch Minerals & Trading LLC
SEPTEMBER 14, 2022

Koch is hooked up with the company that has some of Molycorp old patents. I'll find that name later today.

I think chances are less now that IBATF is one of the testers, but Burba, did file a patent with them also within the last 2-years. I am flip flopping as I type.

I'll find those patent later. I am going to put all DLE patent links in the IBOX here, Maybe some of the sorbent companies I found private and public.

We will know tomorrow.

Approximately $200 million of the proceeds from the investment are expected to be used to advance the first phase of the company’s sustainable lithium development project. This figure represents approximately 75% of total phase-one funding needs, according to the company’s FEL-1 level project cost estimates, including the full funding required through calendar year 2024 toward the construction of a commercial scale, direct lithium extraction (DLE) and lithium conversion plant at the company’s Ogden, Utah, solar evaporation facility. Compass Minerals expects the project’s annual commercial production capacity to ultimately be approximately 35 kMT LCE, with an initial phase-one capacity of approximately 11 kMT LCE coming online by 2025.

https://investors.compassminerals.com/investors-relations/investor-news/press-release-details/2022/Compass-Minerals-Announces-252-Million-Strategic-Equity-Investment-Partnership-with-Koch-Minerals--Trading-LLC/default.aspx