Int'l Battery completes phase 2 engineering study

2018-11-06 11:04 ET - News Release

Dr. John Burba reports

INTERNATIONAL BATTERY METALS ANNOUNCES COMPLETION OF PHASE 2 ENGINEERING ON ITS MOBILE EXTRACTION SYSTEM
International Battery Metals Ltd. has completed its phase 2 engineering study, design and cost analysis.

Upon receipt of the phase 2 engineering report, Dr. John Burba, chief executive officer of International Battery, stated: "We are very pleased with the work product that our engineering partner, Impact Engineering, has presented to us. The work was timely and thorough. Furthermore, we believe that their engineering refinements to our design will create additional value to IBAT and the industry."

Based on this engineering report, International Battery is on track to placing its first extraction system in operation next year. This system will provide enough capacity to produce commercial quantities of high-purity 40 per cent lithium chloride (LiCl) and provide significant environmental advantages:

1. Unlike evaporative processes that can damage sensitive salars, such as those found in South America, International Battery's process does not evaporate water from the brine. Instead, it extracts lithium from the brine and returns it back to the resource. This maintains the resource water balance and protects delicate ecosystems.
   1. International Battery's process does not utilize any solvents or foreign chemicals that will alter the brine chemistry. This feature is important to the protection of resource ecology. Returning brine to the resource could be questionable if the return brine is contaminated with organic solvents or other chemicals that are not native to the ecosystem.
2. International Battery's process is designed to recycle approximately 95 per cent of its process water. International Battery's water recovery system will be particularly important in desert areas such as South American salars, and areas where potable ground water is in short supply.

About International Battery Metals Ltd.
International Battery Metals is an advanced technology company focused on lithium brine extraction. The company is in the process of creating and applying intellectual property related to lithium extraction from oil field brines for petro-lithium extraction projects. International Battery Metals' unique extraction process is environmentally friendly and low cost and has the potential to produce high-quality, commercial grade lithium at a much faster rate than the current industry standards.
We seek Safe Harbor.