International Battery Metals Ltd (IBATF)

[D8c00p3r]

UsMag selecting IBAT over the other evaluated technologies speaks highly of the capabilities that the IBAT modular technology provides.

RjR is no longer a JV.

IBATF is profitable down to 6k on contract pricing and can produce from low as 100ppm. The range of Li concentrations the unit was designed for is a masterpiece. That range reflects the majority of brines throughout the world. Usmag is an exception to this due to their concentrations and contaminants.

Instead of "whats next" take a moment and appreciate yourself asking that question being invested. I say this because (insert any DLE company onsite) are 1 trick ponies on 1 project. Shaw can facilitate "parallel" construction, in addition to the contracted fabricators. The question "whats next" should be "how many" clients are waiting to execute agreements once production begins next month.

Exxon pushed their technology provider update back in feb to the end of the year, shortly after the announcement of the term sheet with USmag. Meanwhile, the geopolitics in Chile are very unattractive as the project ownership is a cut and paste newly partnered SLI equity agreement. Doesnt matter where the subsequential "units" go, production will follow. Too bad there aren't enough developers ready to produce.

Gen 2, Gen 3! Modularity being re-defined and fully encompassed in the Patent moat by the Godfather. He's the chemistry expert but I would have used the term "versatility" much more when describing that patent.