International Battery Metals (IBAT) and US Magnesium Sign Agreement to Install World's First Modular Direct Lithium Extraction (DLE) Plant

Key Facts

International Battery Metals Ltd. (CSE: IBAT), today announced an agreement with US Magnesium LLC (US Mag) for the installation of its first-of-its-kind, patented modular direct lithium extraction (DLE) plant installed at a brine resource.
"Given current lithium demand, supply dependence on China, and permitting challenges, our expected commercial operations are coming at an ideal time to produce lithium at scale in the U.S." IBAT's patented modular plant was fabricated in Lake Charles, La., before being recently transported to US Mag.
Engineering reviews have determined that the IBAT DLE plant design capacity is capable of initially producing up to 5,000 metric tons/year, depending on the characteristics of brine resources, such as lithium concentration and brine salt composition.
IBAT believes the modular design of its DLE plant provides significant initial costs savings to customers and the proprietary DLE technology lowers operating costs by selectively extracting lithium from the brine while efficiently removing contaminants.