What if you could extract lithium in 24 hours…instead of 24 International Battery Metals (CSE:IBAT; OTC: RHHNF) has invented a new way to extract lithium, the “white petroleum” that could hold the key to the global energy future.
Lithium is the critical ingredient in lithium battery technology, which is utilized in a wide range of different industries from cell phones to electric vehicles (EVs) to wind turbines.
The global battery market could hit $120 billion in less than two years, and lithium prices have been rising rapidly.
Demand is so high, lithium miners have been able to raise billions of dollars before they deliver a single ton of product.
But traditional lithium extraction is slow, expensive and wasteful. It usually involves waiting for lithium spodumene to collect from evaporating salt brine.
IBAT is taking a different approach.
According to inventor-CEO John Burba: “Our tech has such a high specificity for lithium that it can directly take the lithium out.”
The method isolates lithium ions in the brine salt solution, removing lithium chloride and leaving the salt behind.
No toxic ponds of brine are left over and no salt piles are left dotting the lithium fields.
The new method is the lithium equivalent of fracking: a fast new method that could free up huge amounts of supply for the hungry lithium market.
This is a company that hopes to revolutionize oil and gas, from exploration and production all the way to transportation—disrupting every sector along the way.