International Battery Metals (IBAT) and US Magnesium Sign Agreement to Install World's First Modular Direct Lithium Extraction (DLE) Plant
"Our commercial operations with US Mag will advance a productive lithium extraction operation," said Garry Flowers, IBAT CEO.
- "Our commercial operations with US Mag will advance a productive lithium extraction operation," said Garry Flowers, IBAT CEO.
- IBAT's first-of-its-kind patented modular, mobile lithium extraction plant also has been independently verified to extract more than 97% of available lithium from brine.
- "International Battery Metals' patented Modular Extraction Technology will be the basis of future lithium extraction from brine resources around the world.
- The agreement provides IBAT with royalties from US Mag based on lithium sales, as well as payments for equipment operations based on lithium prices and performance.