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International Battery Metals Ltd. (CSE: IBAT, OTC: RHHNF) announced a joint venture between Ensorcia Metals Corporation and Triangle Lithium LLC to explore lithium extraction in Argentina's Salar de Antofalla. The collaboration will utilize the company's proprietary direct lithium extraction technology. The first extraction unit is nearing completion and expected to undergo testing by March. Additionally, the company granted stock options to purchase 300,000 shares at $3.94. This development marks significant progress towards enhancing lithium production capacity in South America.
International Battery Metals Ltd. has received a notice of allowance for a key mobile lithium extraction patent from the United States Patent Office. This patent is crucial as the company prepares to launch its first mobile lithium extraction unit in the coming months. Dr. John Burba, the CEO, emphasized this achievement as a significant milestone for the company. IBAT focuses on advanced lithium brine extraction technologies, applying its intellectual property in its ongoing projects.
International Battery Metals Ltd. announced the appointment of Garry Flowers and Ante Razmilovic to its advisory board on April 29, 2021. Both bring significant expertise in engineering and finance. Flowers has extensive experience in the construction and fabrication sectors, while Razmilovic has 25 years in investment banking with firms like Goldman Sachs and JP Morgan. This strategic addition aims to strengthen the company's position in lithium extraction, reflecting a commitment to building an industry-leading operation.
