Results for: Direct Lithium Extraction

International Battery Metals Ltd. (IBAT) has announced the temporary suspension of its lithium extraction operations at US Magnesium LLC due to the current weak lithium carbonate price environment. The company’s modular direct lithium extraction (MDLE) plant, which successfully produced high-purity lithium carbonate, has been idled until market conditions improve. Despite the suspension, IBAT remains optimistic about the long-term growth of the lithium market and plans to explore future collaborations with US Mag.

Volt Lithium Corp. (VLTLF) has successfully installed its first field unit in the Permian Basin, Texas, marking a significant milestone in its direct lithium extraction (DLE) operations. This unit, capable of processing over 200,000 liters of oil field brine daily, positions Volt as a leader in North American lithium production. The company’s DLE technology, combined with its strategic location and cost-effective approach, makes Volt a compelling investment opportunity in the booming lithium market.

International Battery Metals Ltd. (CSE: IBAT) has appointed Iris Jancik as its new Chief Executive Officer, effective in mid-August. Jancik will lead the company’s efforts to expand the commercial deployment of its patented modular direct lithium extraction (DLE) plants. IBAT recently announced the installation of its first commercial lithium production plant, co-located at US Magnesium’s (US Mag) operations outside of Moab, Utah. The plant is expected to begin lithium production in June, processing brine produced from lithium-containing waste-magnesium salts and providing feed for high-purity lithium carbonate production by US Mag. This is the first commercial DLE plant in North America and the first modular DLE plant in the world.

International Battery Metals Ltd. has successfully concluded a non-brokered private placement financing, raising USD$8.2 million in gross proceeds. The proceeds will be used to meet commitments for the deployment of the company’s modular direct lithium extraction plant in the western United States and for general working capital purposes. The company also announced changes in its leadership and the discontinuation of its previously announced marketed private placement offering.