- Modular design provides scalability and smaller footprint
- Technology effective with diverse brine resources, including oilfield produced brines, as well as subterranean brines
Modular, transportable design. In the last month, IBAT has initiated most of the equipment setup, including pipe and utility tie-ins and other installation activities of its patented modular extraction plant at the US Mag site. Initial testing of critical equipment is underway. IBAT anticipates that full commissioning and startup will be completed within the next three months, with commercial lithium production to follow shortly thereafter.
"Our commercial operations with US Mag will advance a productive lithium extraction operation," said
IBAT's patented modular plant was fabricated in
Independently verified. IBAT's technology has been validated by an independent review by
Commercial operations will serve growing lithium demand from automakers for electric-vehicle batteries, as well as energy storage batteries to support growing electricity demand and to balance the grid from increased renewable energy integration.
Designed for sustainability. 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. Further, laboratory and field tests have demonstrated that the plant's effective proprietary selective absorbent maximizes lithium uptake and minimizes brine-based impurities. Due to the plant's advanced water recovery rate, IBAT's technology is highly protective of sensitive water resources. IBAT has demonstrated that the technology can extract lithium from subterranean brine sources and return the lithium-depleted brine to the same subsurface aquifer in a closed recycling loop. This work has been verified from natural brines in
Small footprint, high yield. Another benefit is that the modular, easily transportable technology can operate within a three-acre site – a significantly smaller footprint than other types of lithium production facilities. The modular, compact design optimizes plant construction and operating costs. Engineering reviews have determined that the IBAT DLE plant design capacity is capable of initially producing up to 5,000 metric tons/year, depending on the characteristics of brine resources, such as lithium concentration and brine salt composition. The modular plant also can be expanded to accommodate larger capacity as demand requires.
The modular DLE operations position IBAT to emerge as a key supplier for growing
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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.
About
IBAT is an advanced technology company focused on the development of environmentally responsible methods of extracting lithium compounds from brine. IBAT has developed a patented modular direct lithium extraction (DLE) plant which allows for rapid deployment to a resource holders production site. IBAT is working with resource holders of oilfield brines, brine aquifers, and industrial customers with brine by-products. IBAT believes the modular design of its DLE plant provides significant initial costs savings to customers and the proprietary DLE technology lowers operating costs by selectively extracting lithium from the brine while efficiently removing contaminants.
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