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International Battery Metals Ltd V.IBAT

Alternate Symbol(s):  IBATF

International Battery Metals Ltd. (IBAT) is a Canada-based advanced technology and manufacturing company. The Company is focused on environmentally responsible methods of extracting lithium compounds from brine. The Company provides its technology and equipment to holders of resource properties such as oilfield brines, subsurface brine aquifers and industrial customers who have lithium rich brine by products from their operations. The Company’s operations consist of the development of a modular direct lithium extraction plant (MDLE Plant). The MDLE Plant is designed to process brine solutions to extract lithium chloride which can be further processed into lithium carbonate and used for industrial purposes or as a battery component. The Company constructed the first MDLE Plant in Lake Charles, Louisiana.


TSXV:IBAT - Post by User

Comment by GajjarDron Mar 09, 2018 3:48pm
105 Views
Post# 27694031

RE:RE:Tesla Tried To Buy A Lithium Startup for $325 Million Read m

RE:RE:Tesla Tried To Buy A Lithium Startup for $325 Million Read mhttps://www.newsfilecorp.com/release/29435/International-Battery-Metals-Inc.-Enters-into-Letter-of-Intent-with-North-American-Lithium-Inc.-to-Acquire-Intellectual-Property-Related-to-Oil-Field-Brine-Lithium-Extraction

PaulGill wrote:
higherhighs wrote: John Burba was offered $325 Million U,S, for his lithium extraction process and now it's in IBAT.

https://fortune.com/2016/06/08/tesla-lithium-startup-simbol/

Tesla Tried To Buy A Lithium Startup for $325 Million


Two years ago, Tesla CEO Elon Musk offered $325 million to buy the once promising startup Simbol Materials, which was extracting small amounts of lithium from hot and salty water from underground near the Salton Sea east of San Diego.

But the acquisition offer, reported on Wednesday by the local newspaper, The Desert Sun, fell through. The report, based partly on an offer letter from Musk to Simbol’s then CEO John Burba, suggests that at least one reason was that the now-defunct Simbol, a venture capital-backed startup, wanted a much higher valuation.

Tesla (TSLA, -1.18%) wanted the technology, expertise, and personnel at Simbol to help the electric car maker potentially tap into new alternative, and more environmentally-friendly sources of lithium. Lithium is a key ingredient in the batteries Tesla buys and plans to produce at its massive battery factory, called the Gigafactory, now under construction outside of Reno, Nev.


https://fortune.com/2016/06/08/tesla-lithium-startup-simbol/



This is poster is absolutely correct.  Look at the steady climb before today's NR... HINT HINT...


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