International Battery Metals Ltd (IBATF)

[D8c00p3r]

I have read you are adding pumps and evaporation ponds to keep up with demand. What exactly do your plans include. How much of a financial investment are you putting into these additions?

-The expansion project includes new wells and evaporation ponds to increase lithium recoverability, sustainability, and consistency. We estimate a capital expenditure of $30-50 million to complete the expansion.

https://www.mesabitribune.com/mine/silver-peak-mine-the-only-source-of-lithium-in-u-s/article_dbffa8c4-a95a-11ed-82c1-1b0b7db2f567.html

"IBAT will immediately begin mobilizing the MDLE Plant to the Customer’s site where it will be integrated into existing production facilities."

https://www.ibatterymetals.com/news/international-battery-metals-ltd.-announces-the-signing-of-a-term-sheet-for-our-modular-direct-lithium-extraction-plant-with-a-customer

PERMIT UGW450012

https://documents.deq.utah.gov/water-quality/facilities/us-magnesium/DWQ-2022-016854.pdf

Permit No. UGW450012 is being issued to insure that existing facilities at US Magnesium
are operated and monitored to minimize the discharge of contaminants from the operation.
This permit modification also contains a Compliance Schedule which lists site
investigations that will be completed at future dates, and also scheduled dates for submittal
of a proposed Phase-based design for a Retrofitted Waste Pond that will incorporate a
stable earthen barrier and a low-permeability subsurface barrier wall to minimize discharge
of wastewater.