International Battery Metals (Official)

#DLE #Lithium $IBAT.V $IBATF #EV #BESS #Batteries So this is a company I haven't talked about much as it is pre-revenue and the lithium market was dead until about 6 months ago. Not FA. I'm long $IBATF and they are a client. It is essentially a call option on their technology be adopted, and they are late in the process with two active opportunities, one through their partner in the Middle East and one in the Smackover formation in the U.S. (the latter of which has both independent resource owners and large IOCs with land that are evaluating lithium extraction projects). They have a Direct Lithium Extraction technology and process that is considered to be among the best, if not the best out there. See the release below. So why now: Lithium Carbonate prices have nearly tripled from a low of ~$8k to nearly $24k. This has made lithium projects in the U.S. economically viable and has significantly accelerated project development activity by lithium resource owners, as evidenced by the sheer number of brine resources IBAT is testing. IBAT is one of the few domestic companies that can say is fully-American content. Most get their media from China or elsewhere. IBAT is one of the few companies to have deployed a commercial plant at scale in the U.S. As I said, they are also looking at opportunities in the Middle East, as well as S. America Strong management team with success in related, publicly traded businesses. They will provide updates on their financial results call next week. See the post below about some recent testing they've done. $LIB.V $ALB $SLI $LAC