International Battery Metals

3rd Generation Technologies for Lithium Extraction From Brine

This profile is part of a paid investor education campaign.*

Overview

International Battery Metals Ltd. (CSE:IBAT): In the early 1990’s, Dr. Burba and Dr. Bill Bauman invented and sold to FMC Corporation second generation selective absorption technology for lithium extraction. Their inventions became the basis of FMC’s lithium extraction plant at Salar Hombre Muerto in Argentina, which has operated continuously for 20 years.

Dr. Burba has now pushed extractive metallurgy of lithium containing brines beyond the technology that was acquired by FMC. He has invented what he believes will be the key to unlocking access to vast amounts of lithium that is trapped in the world’s subterranean brine resources using his 3rd generation technology. International Battery Metals has successfully demonstrated its lithium extraction technology, returning over 90 percent lithium from generic brine and 95 percent of the water was recycled. Unlike conventional processes that are employed in Chile and Argentina, IBAT’s process does not evaporate water from the brine. Instead, it extracts the lithium from the brine which is returned to the resource. This feature helps to maintain the resource water balance and help protects salar ecosystems.  

The company intends to continue to develop its mobile lithium extraction process in order to scale to commercial production. Dr Burba’s technology should help position IBAT as a leader in the lithium extraction industry.

According to Deutsche Bank, the lithium market will see global demand triple in the next decade due to increased demand from the electric vehicle and energy storage industries. The global battery demand is forecasted to grow to $120 billion by 2019, with the lithium market set to reach $1.7 billion.

Lithium Extraction Process

Lithium production in a growing market

It can take  years for a new lithium brine project to come online—making the gap between available lithium supplies and demand from a rapidly growing EV market even steeper.

While many lithium exploration companies focus their efforts on hard-rock exploration, lithium brine extraction has proven to have substantially lower operating costs than hard rock mining. The process also has a much lower carbon footprint as it targets elements already in a solution, and does not require a mine, ore processing, a tailing pond, or extensive supply chain and logistics.

Lithium Extraction Comparisons:

The Next Disruptive Technology: Lithium Extraction from Brine

3rd Generation Patent Pending Technology allows lithium extraction from South American salars , drill holes associated with the oil and gas industry and other lithium bearing brines worldwide

COMPETITIVE ADVANTAGE:

  • Produces high quality battery grade lithium for lithium – ion batteries
  • Allows fast, efficient access to brine resources
  • Extraction specifically targets lithium chloride; other salts stay in the brine
  • Small environmental footprint: No salt piles, waste water ponds or rock piles
  • Efficient processing
  • Low carbon footprint
  • Extremely low fresh water usage

IBAT’s goal is to be environmentally responsible with its extraction practices and to become one of the lowest-cost producers of lithium in the market today. The IBAT team is headed by President and CEO John Burba, who brings over 30 years of experience in lithium extraction, having developed foundational proprietary technology for Dow Chemical, FMC and Simbol Minerals.

BOARD OF DIRECTORS

Dr. John Burba—President & CEO

Dr. John Burba is a physical chemist and a world-renowned pioneer in lithium and other mineral extraction technologies. His 35-year career includes lengthy periods at Dow Chemical Co, FMC Corp, and Great Lakes Chemical Corp (now Chemtura Corp), where he worked on a number of lithium brine projects in North and South America.

Most recently, he served as CEO of Simbol Materials, a company focused on the recovery of lithium from geothermal brines in southern California. Under his leadership, Simbol successfully developed a proprietary process capable of producing low-cost, high-purity lithium products from brines that were previously believed to be too high in contaminants to be economically processed. He also recently served as Chief Technology Officer and Executive VP of Molycorp Inc, where he was instrumental in identifying and developing numerous rare earth technologies as part of the Project Phoenix redevelopment of the Molycorp’s Mountain Pass facilities.

Logan Anderson—CFO

Logan Anderson is a graduate of Otago University, New Zealand, with a Bachelor’s Degree of Commerce in Accounting and Economics. From 1977 to 1982 he was employed as an associate chartered accountant with Coopers & Lybrand in New Zealand and Canada. He holds the designation of ACA with the Chartered Accountants (Australia and New Zealand). Since 1993, he has served as President of Amteck Financial Services Company, a private financial consulting services company servicing both private and public companies. Throughout this period, he has acted as a director and held various executive officer positions in numerous public companies.

David Scott – Corporate Development

David Scott has been instrumental in raising venture capital for numerous public companies and assisting with all aspects of corporate development for over 25 years. He is the former VP of Corporate Development at Oromin Exploration Ltd. and operated in Corporate Communications for both Adrian Resources Ltd. and Lund Gold Ltd.


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