IBAT Announces Successful Completion of Systems and Safety Tests for Modular, Mobile Lithium Plant
International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) successfully completed safety testing for the world's first commercial-scale mobile lithium extraction plant in Lake Charles, LA. This innovative plant will begin flow testing with lithium-bearing brine sourced from the U.S. With a modular design allowing for rapid deployment, it can produce 5,000 metric tons of lithium chloride (LiCl) annually, expandable to 20,000 metric tons. The company aims to revolutionize Direct Lithium Extraction (DLE) with lower costs and improved environmental performance.
- Successful completion of systems and safety testing for mobile lithium extraction plant.
- First company globally to operate a commercial-scale mobile lithium extraction plant.
- Plant capable of producing 5,000 metric tons of LiCl annually, expandable to 20,000 metric tons.
- Modular design allows for rapid deployment and lower operational costs.
- Forward-looking statements indicate risks and uncertainties in commercial production.
- No assurance that the plant will produce lithium at the stated capacity.
CSE: IBAT
First of its Kind Commercial-scale Plant to Begin Flow Testing Brine Immediately
VANCOUVER, BC, May 11, 2022 /PRNewswire/ - International Battery Metals Ltd. (the "company") (CSE: IBAT) (OTC: IBATF) today announced the successful completion of systems and safety testing for the world's first commercial-scale mobile lithium extraction plant.
The modular plant will now begin flow-testing with lithium-bearing brine, which has been sourced in the U.S. and is being delivered in significant volume via tanker truck. Once the efficacy and safety of the flow tests have been confirmed, International Battery Metals will begin extracting lithium chloride (LiCl). The company expects extraction to begin in the coming days, becoming the first company globally to successfully operate a commercial-scale mobile lithium extraction plant.
The unique modular design of the company's lithium extraction plant allows for rapid deployment and swift onsite assembly. The plant, located in Lake Charles, LA, was assembled in 10 days by a crew of nine workers and has the potential to produce 5,000 metric tons of commercial-grade lithium chloride (LiCl), on a lithium carbonate equivalent basis, each year. Thanks to its modular design, this same plant also has the potential to be expanded to produce up to 20,000 metric tons of LiCl per year, based on the capacity and unique composition of the brine resource.
"This modular plant represents a fundamental evolution of Direct Lithium Extraction (DLE), with the clear potential to achieve commercial scale at a much lower cost than traditional extraction methods, while at the same time achieving vastly superior environmental performance," said CEO Dr. John Burba. "Our patented, proprietary technology not only allows for the rapid extraction of LiCl at high concentrations, but sets a new standard for environmental care. We're thrilled to begin flowing brine through the system this week."
The Lake Charles plant completed a full range of Factory Acceptance Tests (FAT), which evaluated the equipment during and after the assembly process by verifying that it is built and operating in accordance with all design specifications.
International Battery Metals anticipates that its patented modular and mobile design will allow access and a means to capitalize on a more diverse range of lithium-bearing brine resources, including smaller sites in varied terrain that are currently considered uneconomical due to the current, dominant extraction technologies, which are larger in size, require more capital and time to build, and are more harmful to the environment.
"Our modular plant technology can be built, deployed and brought on-line in a fraction of the time of traditional lithium mining plants and at a fraction of the price," Dr. Burba said. "This technology is the first of its kind, but it arises directly from the foundation of the initial DLE patents I filed with Dr. Bauman in the 1980s and 1990s, and commercialized through FMC in the 1990s. We are excited to be breaking the mold once again."
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. Any securities of the Company referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release may contain statements within the meaning of safe harbour provisions as defined under securities laws and regulations.
This release may contain certain forward–looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. There is no assurance that the company's apparatus will be able to commercially produce lithium at the stated capacity. The purpose of the tests is to determine if it will be able to do so and successful completion of the tests cannot be assured as they are subject to risks and uncertainties associated with any new mineral processing method and characteristics of the material being processed.
By their nature, forward–looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward–looking statements.
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SOURCE International Battery Metals Ltd.
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