01:12:18 EDT Sun 19 May 2024
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International Battery Metals Ltd
Symbol IBAT
Shares Issued 202,255,398
Close 2023-06-28 C$ 1.19
Market Cap C$ 240,683,924
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Int'l Battery Metals' DLE delivers 97% extraction rate

2023-06-28 07:18 ET - News Release

Dr. John Burba reports

IBAT'S MODULAR DIRECT LITHIUM EXTRACTION TECHNOLOGY NETS 95% LITHIUM YIELD TO LITHIUM CHLORIDE ACCORDING TO INDEPENDENT CERTIFICATION

International Battery Metals Ltd. has received certification from Greg Mehos & Associates (GM&A), an independent testing agency, that shows that its modular direct lithium extraction (DLE) technology performed in accordance with company claims, delivering a 97-per-cent extraction rate of lithium from feed brine (to lithium chloride). According to GM&A, the company's existing commercial plant produces a total recovery rate of 95 per cent using its internal transition recycle loop technology.

"GM&A's findings are significant because their independent verification confirms our technology captures high yields through DLE, making it a game-changer for recovering lithium from existing brine bearing properties," noted Dr. John Burba, founder of the company.

"We're very excited to move into this next stage of commercialization of our DLE process, which is faster to market, more environmentally friendly and more effective in producing high-quality lithium chloride, solidifying domestic supply chains," said Garry Flowers, chief executive officer of the company.

GM&A tested International Battery's lithium extraction process when it was demonstrated at Impact Technology Development in Devens, Mass., on June 20. GM&A is led by Greg Mehos, PhD, PE, an independent chemical engineer with extensive experience in bulk solids handling and processing in the pharmaceutical and chemical industries, including drying, fluidizing, feeding, dispersing, conveying, storage, extrusion, reacting, blending, granulating, testing and densifying. Mr. Mehos is the author of the subsection on powder flow and hopper and chute design in Perry's Chemical Engineers' Handbook, ninth edition, and is a licensed professional engineer and a fellow of the American Institute of Chemical Engineers.

About International Battery Metals Ltd.

International Battery Metals has developed and patented the world's fastest, scalable lithium-processing technologies and has pioneered the only patented technology able to achieve commercial-scale lithium production in just 18 months. The company's proprietary modular direct lithium extraction (DLE) technology is proven to quickly and efficiently recover more lithium from brine than traditional methods, while offering safe, superior and sustainable environmental performance. By bringing more lithium to more customer-partners, the company is accelerating lithium production to meet the ever-increasing worldwide demand for batteries to power electric vehicles, tools and landscape equipment.

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