International Battery Metals Ltd (IBATF)

[le-bon ton-roule]

April 22,2024 A similar DLE process has also drawn the interest of billionaire Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B), but in California’s Salton Sea instead of South America’s Lithium Triangle. Through its subsidiary Berkshire Hathaway Energy Renewables (‘BHE Renewables’), the company is planning for 2026 as its goal for producing lithium as a byproduct of existing geothermal energy production in the region.

BHE Renewables already runs a fleet of 10 geothermal plants in the Imperial Valley. After constructing a DLE demonstration plant to assess the viability of lithium extraction, the company plans to go on to potentially build a commercial-scale facility with a projected annual capacity of 90,000 metric tons of lithium.

It’s worth noting, however, that an initial $15M grant from the US Department of Energy was initially awarded to BHE, only to be quietly rescinded just weeks later. After 13 months of negotiations between the company and the government, talks stalled as Berkshire sought control over patents, changes to technology, and whether it could one day sell the lithium business, even after the government helped build it, as reported by Reuters.

My opinion looks like everything is a go now that the 11th geothermal demonstration lithium plant has been proven successful. Keep in mind Berkshire has 3 more geothermal plants under construction. It will take a proven technology to produce 90000 metric tons. Looking forward to seeing who the technology is.
This one line seems like Buffets referencing a proven dle tech in South America (only one proven DLE tech that I know of in S.A.) will also work in the Salton Sea.
"A similar DLE process has also drawn the interest of billionaire Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B), but in California’s Salton Sea instead of South America’s Lithium Triangle"
https://www.baystreet.ca/articles/yahoonews.aspx?id=3345