International Battery Metals Ltd (IBATF)

[TradingCharts]

IBATF has the advantage price wise. Lithium at almost all time low prices, every week it goes lower. IBATF seems like the better price to market.
https://tradingeconomics.com/commodity/lithium

STRATEGY
https://www.reuters.com/markets/commodities/lithium-industry-first-ibat-commercializes-new-extraction-technology-2024-07-11/

IBAT's strategy has focused on building relatively small plants.
While rivals have tried for more than a decade to commercialize DLE, their plans involved production volumes of 20,000 tons per year or more at permanent facilities often in remote regions where labor and supplies are difficult to procure.
Houston-based IBAT designed and built a 450-foot-long (137 meter) portable plant in Louisiana that it moved in 13 parts to the US Magnesium site, which draws brine from the Great Salt Lake. IBAT processes brines from a US Magnesium tailings waste facility.
Additional plants can be added and stacked like Lego bricks to boost production in 5,000-ton-per-year increments. It takes 18 months to build an IBAT plant and reach production, the company said.
Each plant, which is smaller than three acres (1.2 hectares), is designed to move in the future to a new deposit for reuse, saving construction costs. IBAT's lithium chloride plant costs $50 million to $60 million each, depending on several factors. US Magnesium uses IBAT's lithium chloride to make lithium carbonate for potential sale to battery makers.
Paris-based Eramet spent nearly $900 million on its own DLE project that aims to come online this year in Argentina with lithium carbonate production after more than a decade of development.
Ron Thayer, president of US Magnesium, said he chose IBAT's process because of its portability as well as the type of absorption material that IBAT's process uses to filter lithium from brine, which Burba developed.
US Magnesium plans to begin paying IBAT a royalty once it starts selling the project's lithium. "I consider (IBAT) a commercial lithium producer," Thayer said.
Exxon Mobil (XOM.N), opens new tab, which is developing a lithium project in Arkansas, has considered using IBAT's technology, Reuters has reported.