RE:Competition?Maybe Plan B?
This outfit (IBAT) is led by a fellow credited with developing DLE some years ago. A fellow named "Tazerface" touts this on several other boards. He's done a lot of DD on DLE. Far as I can tell, IBAT owns no resources. Rather they have developed a process and built a "mobile" plant that they claim is extracting lithium from brines in commercial quantities. If that is the case, they are ahead of ETL in that they have (essentially) a pilot plant that is successful. That should be great news for us since it proves its doable. Their plan is to partner with companies that own a resource and for 10% of the action they will set up their plant and extract the lithium.
So, Suppose our boys end up not sucessful with the Pilot Plant? Plan B could be to pick up the phone, dial IBAT and sign them up. E3 makes a little less ... but a little less of a bazillion is still a lot.
So I don't see IBAT as a threat or a competitor ... they are plan B to me.