IBAT Announces Successful Systems and Safety Testing for Modular, Mobile Lithium Plant

CSE: IBAT

First-of-its-kind commercial-scale plant to begin brine flow testing immediately

VANCOUVER, BC, May 11, 2022 /PRNewswire/ – International Battery Metals Ltd. (the “Company”) (CSE: IBAT) (OTC: IBATF) today announced the successful completion of systems and safety testing for the world’s first mobile commercial-scale lithium mining plant.

The modular plant will now begin throughput testing with lithium-containing brine, which is sourced from the United States and delivered in large volume by tank truck. Once the efficiency and safety of the flow tests have been confirmed, International Battery Metals will begin the extraction of lithium chloride (LiCl). The company expects mining to begin in the coming days, becoming the first company in the world to successfully operate a commercial-scale mobile lithium mining plant.

The unique modular design of the company’s lithium mining plant enables rapid deployment and quick on-site assembly. The factory, located at Lake Charles, LA, was assembled in 10 days by a team of nine workers and has the potential to produce 5,000 metric tons of commercial grade lithium chloride (LiCl), on a lithium carbonate equivalent basis, each year. With its modular design, this same plant also has the potential to be expanded to produce up to 20,000 metric tons of LiCl per year, depending on the capacity and unique composition of the brine resource.

“This modular plant represents a fundamental evolution of direct lithium extraction (DLE), with the clear potential to reach commercial scale at a cost far below that of traditional extraction methods, while achieving largely environmental performance. superior,” said CEO Dr. John Burba. “Our proprietary patented technology not only enables the rapid extraction of LiCl at high concentrations, but sets a new standard in environmental protection. We are excited to begin circulating brine through the system this week. “

the Lake Charles The factory has carried out a full range of Factory Acceptance Tests (FAT), which evaluated the equipment during and after the assembly process by verifying that it is built and operates to all design specifications.

International Battery Metals envisions its patented modular and mobile design will allow access and a way to capitalize on a more diverse range of lithium brine resourcesincluding smaller sites on varying terrains that are currently considered uneconomical due to current dominant mining technologies, which are larger in size, require more capital and time to build, and are more harmful to the environment. ‘environment.

“Our modular plant technology can be built, deployed and brought online in a fraction of the time of traditional lithium mining plants and at a fraction of the price,” said Dr. Burba. “This technology is the first of its kind, but it stems directly from the founding of the first DLE patents that I filed with Dr. Bauman in the 1980s and 1990s, and commercialized by FMC in the 1990s. We are excited to break the mold once again.”

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain assumptions, estimates and other forward-looking statements regarding future events. These forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control, that could cause actual results or performance to differ materially from those currently anticipated in such statements.

Forward-Looking Statements and Cautions

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any state of the United States in which such offer, solicitation or sale would be unlawful. The securities of the Company referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in United States the absence of registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of the safe harbor provisions as defined by securities laws and regulations.

This press release may contain certain forward-looking statements regarding the financial condition, results of operations and businesses of the Company and certain of the Company’s plans and objectives in this regard. There can be no assurance that the Company’s device will be able to commercially produce lithium at the stated capacity. The purpose of testing is to determine whether it will be able to do so and successful testing cannot be guaranteed as it is subject to the risks and uncertainties associated with any new ore processing method and the characteristics of the material being processed.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially. of those expressed or implied by such forward-looking statements. – statements to research.

SOURCE International Battery Metals Ltd.