agblanco
20 hours ago
I asked Perplexity https://www.perplexity.ai/ who was the furthest along in DLE production in the US. Here's the response:
Based on the search results, the company that appears to be furthest along in Direct Lithium Extraction (DLE) production in the USA is International Battery Metals (IBAT). Here's why:
IBAT has recently initiated operations at its commercial proprietary modular DLE plant in Utah. This facility is significant for several reasons:
It's described as the first commercial DLE operation in North America.
The plant is already operational and producing lithium, extracting it from a magnesium chloride/lithium chloride brine.
IBAT is currently supplying lithium chloride to US Magnesium from this facility.
The company's DLE technology offers several advantages:
A reduced timeline of about 18 months from construction to production, compared to the typical 5-7 years for traditional methods.
Potentially lower capital and operational expenditures compared to industry standards.
A small footprint, occupying only about one acre.
IBAT is now focusing on enhancing production by adding more columns to their existing DLE modular platform to increase capacity.
While other companies like Lilac Solutions and EnergySource Minerals are also making progress with DLE technology in the USA, they appear to be at earlier stages. For instance, Lilac Solutions is constructing a demonstration plant in Utah expected to begin operating in mid-2024, with plans to scale up to 5,000 metric tons in the next three years. However, IBAT's plant is already operational and producing lithium, putting them ahead in terms of actual production.
TradingCharts
22 hours ago
A1 Lithium Inc. Awards Worley Limited for Paradox Lithium Bromine Project
November 23, 2021
https://www.marketscreener.com/quote/stock/WORLEY-LIMITED-6495133/news/A1-Lithium-Inc-Awards-Worley-Limited-for-Paradox-Lithium-Bromine-Project-37124286/
A1 Lithium Inc., a subsidiary of Anson Resources Limited (Anson Resources), has awarded Worley Limited an agreement to conduct a detailed feasibility study on their Paradox Lithium Bromine project in Moab, Utah, USA. Under the agreement, Worley will provide engineering services to execute a detailed feasibility study for a greenfield lithium development. The outcome of the project will be a final total-installed cost estimate that will enable Anson Resources to move forward into the detailed design and construction phases of the project. The development will produce lithium carbonate equivalent for the electric vehicle and battery market and is targeted to start production in 2024.
gregcod
1 day ago
Yes ...As Ya scroll down in 5 pages, Darryn Quayle, Vice president of Worley, states that he is working with a Utah based lithium provider to produce 11,000 MT of sustainable battery grade LCE annually...and the post for us investors here to read..is much appreciated by us investors...Yes, IMO,..it has to be US Mag that Quayle/Worley company is working with..All Eyes on the results of this expanded production from the original St.Charles plant will speak volumes..Partners will come as this small cap IBAT comes out and is discovered.First and foremost in commercialized lithium mining..Tested already by two leading independant companys..(SLR & Greg Mehros Group),IBAT stands to get out of the gate as the leader in commercialized lithium production ..MDLE ..Stock could be explosive..IMO..Lock and Load..PS...Quayle/Worley, a monster of a company, also has a base in louisianna since 2022, close to the original IBAT St Charles plant.....IBAT and Worley for all we know have been connected since then...No doubt thats where it started..This unknown IBAT company is just starting to come out of its shell..The pps now is not going to be this low ever again.. speculation on my part.. but IMO..Big John has got this going in the right direction Bigtime.
Harbor6460
1 day ago
Electric vehicle demand is growing thanks to new government legislation. But this demand is putting pressure on the battery materials value chain. The pace and scale of production growth makes securing and sourcing battery-grade minerals and metals a high priority.
It traditionally takes decades to develop new mines from greenfield deposits. But we’ve developed new, standardized approaches to deliver battery materials infrastructure at scale.
We also support the commercialization of sustainable extraction technologies such as Direct Lithium Extraction through our technology partnership offerings.
The search for socially responsible suppliers is on, and successful projects depend on collaboration across the supply chain.
Pitt believes a modularized approach to manufacturing will challenge conventions across sector, but ultimately unlock a new level of efficiency.
“This cookie-cutter solution is going to require heightened levels of collaboration and networking across both the value chain and the supply chain,” Pitt says.
“It’s a significant shift, but standardization is the most viable approach for the battery materials sector to capitalize on surging demand for batteries and decarbonize in the most efficient way possible.”
From Worley website article Sept 2022. The also have a office in Baton Rouge Louisiana
D8c00p3r
2 days ago
Great post, thank you for sharing
https://www.worley.com/en/about-us/our-people/darryn-quayle
https://finance.yahoo.com/news/journey-net-zero-battery-charged-093222159.html
“We’re also working with a Utah-based lithium provider to produce 11,000 metric tons of sustainable battery-grade LCE annually. Their plant will use multiple direct lithium extraction (DLE) units commissioned in stages to validate DLE technology for lithium separation, expand production to commercial capacities, moving from proof of concept to complete front-end loading design,” says Quayle.
tononclegeorges
2 days ago
...........Re:...... Yahoo News August 15, 2024.......Excerpt from an article entitled ....Global Data....Journey To The Next Zero Battery: A Charged Issue.......
..........“We’re also working with a Utah-based lithium provider to produce 11,000 metric tons of sustainable battery-grade LCE annually. Their plant will use multiple direct lithium extraction (DLE) units commissioned in stages to validate DLE technology for lithium separation, expand production to commercial capacities, moving from proof of concept to complete front-end loading design,” says Quayle.
Now .......Just who might that be ?......Anyone have a guess ?......
Harbor6460
3 days ago
Quarterly report 12/26/2021
Deferred Acquisition Costs
On September 26, 2019, the Company, through its wholly owned subsidiary, entered into an agreement to purchase a reserve osmosis desalination system as at October 31, 2021 the company had paid 1,036,827 CAD (US 813,661)
During the year ended January 31, 2021, the Company entered into a revised agreement with payments as follows:
Milestone description
Payment made under the initial agreement upon closing
Amount (USD)
$180,000
(paid)
Upon placement of purchase order (paid)
Upon preliminary completion of request order (paid)
Upon delivery of factory acceptance report (paid)
$234,638
$234,638
$164,385
$70,406
$884,067
A continuity of the Company's deferred acquisition costs is as follows:
Balance, January 31, 2020
238,032
Translation adjustment
(8,065)
Balance, January 31, 2021
229,967
Additions
896,008
Transfer to Lithium Extraction Unit
(1,134,040)
Translation adjustment
(8,065)
Balance, October 31, 2021
Hmmmm
Harbor6460
3 days ago
Quarterly report. 8/29/22….. Please dont call me a Liar. Go check the filing…
Deferred Acquisition Costs
On September 26, 2019, the Company, through its wholly owned subsidiary, entered into an agreement to purchase a reserve osmosis desalination system. As at April 30,2022,the company had paid 1,125,138 (US $884,067)
continuity of the Company's deferred acquisition costs is as follows:
Balance January 31, 2021 $229,967
Additions. $896,046
Transfer to lithium extraction unit $1,125,138
Translation adjustment 875
Am i reading this wrong???
TradingCharts
3 days ago
Derivatives & Underlying Security
A derivative is an instrument that derives its value from another security. Two categories of derivatives are used on SEDI:
1. “Issuer derivatives” are securities issued by the issuer. Issuer derivatives would include options, warrants, rights and special warrants issued by an issuer. The issuer designates these securities in its issuer profile supplement.
2. “Third party derivatives” are securities issued by a person or company other than the issuer. The price of third party derivatives is based on an underlying interest (such as common shares) issued by the issuer as the underlying security. Third party derivatives include exchange-traded call or put options, over-the-counter (OTC) call or put options (including private options to purchase or sell), equity swaps (long or short positions), forward purchases or sales and futures contracts (long or short positions). The insider, not the issuer, must define these securities in their insider profile.
https://www.sedi.ca/sedi/new_help/english/agent/Glossary/derivatives_underlying_security.htm#:~:text=%E2%80%9CThird%20party%20derivatives%E2%80%9D%20are%20securities,issuer%20as%20the%20underlying%20security.
D8c00p3r
3 days ago
AZL is quickly advancing its 100%-owned Prairie Lithium Project in Saskatchewan, with commercial production planned for mid-2025, having already secured approval for three production wells (and two more to come). It is using existing Direct Lithium Extraction (DLE) from EnergySource Minerals and a modular approach will provide scalability and a lower environmental footprint.
Solid economics even at an initial small scale of 6ktpa . Based on the Dec-23 PFS, Prairie will be a 6ktpa Lithium Carbonate operation for total Capex of A$485m. At our US$20,000/t long term Lithium Carbonate price (minus a US$2,600/t deduction for technical grade), Prairie generates A$103m/pa EBITDA, an IRR of 26% and significant valuation upside
On our modelling, AZL is expected to have low cash costs of US$3,084/t and AISC of US$5,000/t LCE. . There is also significant leverage, with each additional 2ktpa LCE module adding A$80m in NPV and every 10% increase in pricing adding c.A$150m in valuation.
TradingCharts
3 days ago
The part that standouts for me in the May 31, 2024 article if the 65,443,633Common Shares is not a miss print, which would have been corrected by now.
So I would have to assume 65,443,633Common Shares is the goal.
Is Jacob the one buying Daniel Laytons shares and maybe the EVL shares (by Third Party) in private?
https://ceo.ca/insiders?filters%5Bterms%5D=Ibat
Immediately prior to the Acquisition, the Acquiror owned 30,490,379 Common Shares, 10,626,557 Warrants and third-party derivative securities to acquire 6,946,293 Common Shares, collectively representing approximately 19.92% of the presently issued and outstanding Common Shares, on a partially-diluted basis. The Acquisition, together with the additional Common Shares to be received pursuant to the structuring fee will increase the Acquiror's position to 65,443,633Common Shares (assuming exercise of the Warrants and all third-party derivative securities to acquire Common Shares), or approximately 25.31% of the presently issued and outstanding Common Shares, on a partially-diluted basis.
https://ca.finance.yahoo.com/news/jacob-warnock-acquires-additional-stake-002500638.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANPMi4HS-aCkIDPPJOudoM2pNWFSpcHSNL4duh-XvlIfY7wtWmjcJEQK2DUX3I7Wd7mFW8SZpXMk7foafU8uuH5eTZdCGTtViNFVHxNRkKCuq1IZN-8mWMGX_l-452wQfvAcSrR1FxT2lqJSuPA2lahJ_2YUQAmL5JEh_mbmTant
TradingCharts
3 days ago
Aconcagua Desalination Plant (Chile)
The plant will be the first drought-proof source of fresh water in the Aconcagua basin to serve the mining and industrial clients in the region.
The construction of the Aconcagua EPC desalination project in Chile is progressing with a rapid installation of its MPD pre-assembled SWRO trains.
In the marine area, an intake pumping station and temporary decks were built for the launching of the intake and outfall pipes
Capacity: 86,400 m³/day
Technology: Reverse Osmosis (RO)
Project Type: Engineering-Procurement-Construction (EPC)
Location: Chile
Commissioning date: 2025
Highlights
Technological & Environmental leadership
An innovative, state-of-the-art design in accordance with the stringent environmental requirements and regulations in Chile.
Multiple beneficiaries
The plant serves municipal, industrial, and mining clients in the region.
https://ide-tech.com/en/project/aconcagua-desalination-plant/
TradingCharts
4 days ago
The Acquiror will control such securities by nature of his control over certain related parties, including EV Metals LLC, EV Metals II LLC, EV Metals III LLC, EV Metals IV LLC, EV Metals V LLC, EV Metals VI LLC, Elegante Energy LLC, Perk Salar, LLC and JAW Puerto Rico Trust
https://ca.finance.yahoo.com/news/jacob-warnock-acquires-additional-stake-002500638.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANPMi4HS-aCkIDPPJOudoM2pNWFSpcHSNL4duh-XvlIfY7wtWmjcJEQK2DUX3I7Wd7mFW8SZpXMk7foafU8uuH5eTZdCGTtViNFVHxNRkKCuq1IZN-8mWMGX_l-452wQfvAcSrR1FxT2lqJSuPA2lahJ_2YUQAmL5JEh_mbmTant