International Battery Metals Ltd (IBATF)

[le-bon ton-roule]

Thanks for the info, hope all is well.
Looks like we're getting close to seeing who will be the outstanding customer with facilitieS ?

1. Why would U.S. Mag want to pay IBAT royalties for a MDLE now when U.S.Mag has 100 square miles of spent Lithium Salt leftover after extracting the magnesium out of it all these years. Maybe down the road after the 15 years plus of lithium stock pile is depleted U.S.Mag would need a MDLE and retool the carbonate plant from lithium salt to liquid lithium brine with new permits ( not going to happen). Plus Utah just changed all the mining and water permits laws at the beginning of 2024, other potential lithium extraction companies in Salt lake pulled out leaving only Lilac to start from scratch and U.S. Mag grandfathered in for lithium salt only.
"U.S Magnesium stated it has the availability of enough stockpiled byproduct salts to feed the lithium carbonate plant for over fifteen years in the future, combined with minimal geopolitical risks, provides a stable source of lithium products for both the short and long term."

Not worth Burbas time with 50 ppm and brine that has to be heated.
"The reason the Waterleaf outfit requires all that water, Sully said, is because the concentrations at the Great Salt Lake are relatively small — 50 parts per million versus 1,000 parts per million or more found in brines harvested in South America, where Lilac is starting from scratch.

2. Alblemarle, I can't see them leasing a DLE from IBAT when they have R&D for their on DLE.
Aug 4, 2023 — Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE) technology with the goal of eventually ….
https://www.albemarle.com/offerings/lithium/resources--recycling/lithium-resources

March 7,2024 Salton Sea
direct lithium extraction process was validated on the pilot scale skid with synthetic brine resulting in direct production of lithium carbonate. Extraction of lithium from geothermal brine provides several advantages. At a high temperature, lithium-rich fluid is pumped to the surface, heat is removed from the brine and used to drive a turbine to produce electricity, and lithium is extracted from the brine before the spent brine is reinjected underground. The estimated cost of direct lithium extraction is on par with that of hard rock-based lithium production processes. The direct lithium extraction process permits the rapid processing of brines and extraction of lithium with high recovery efficiency taking hours instead of months and is environmentally friendly compared to conventional production processes.

Some will never understand what's about to happen here