Results for: Direct Lithium Extraction

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.