IBAT - Bahnbrechende Tech zur Li-Gewinnung

International Battery Metals Ltd. Commences Closing to Acquire Intellectual Property Related to Oil Field Brine Lithium Extraction

Vancouver, British Columbia--(Newsfile Corp. - March 22, 2018) - International Battery Metals Ltd (CSE: IBAT) ("IBAT" or The "Company"), a company specializing in lithium extraction from oilfield brines, announced today that it has commenced closing on the Definitive Share Exchange Agreement with Selective Adsorption Lithium, Inc. (SAL) and North American Lithium, Inc. (NAL) announced on March 5, 2018 (see news release).

The Company has begun finalization of the transaction by making the required payments to NAL for NAL's proprietary documents and data related to locations of candidate oilfield brines that are compatible with IBAT's patent pending third-generation extraction technology. All parties are now proceeding with completing the remaining documentation to finalize the transaction.

John Burba, the incoming chairman and chief executive officer of the Company, stated "These deliveries and payments are major steps forward in closing this transaction. I look forward to developing this unique proprietary technology for lithium extraction within the Company and building long term value for Company shareholders."

Lithium Prices Soar as top Companies Fight for Supply

LONDON, March 23, 2018 /PRNewswire/ --

A new technology is here that has the potential to reshape lithium production in the same way fracking reshaped oil. In fact, as reported by USA Today , Musk offered $325 million for the International Battery Metals' CEO's previous company and lithium extraction technology.

But a major New York Global Investment Bank valued this company at 7X this number, $2.5 billion.

The gap was too wide, and a deal was never completed. Now, the CEO is taking the knowledge he gained over to International Battery Metals.

And today, after making drastic and patentable improvements to create a technology, they are the only company with "fracking tech for lithium."

The world should get this breaking story now.

The global battery market is set to hit $120 billion in less than two years, and there could be a massive investor opportunity here in lithium-but this isn't a mining play, it's a tech play.

In the swarm of new entrants to the lithium playing field, International Battery Metals (IBAT; RHHNF) stands out-front and center-because it's sitting on a proprietary advanced technology that could push lithium into the production stage rapidly.

Where traditional solar evaporation technology takes up to 24 months to extract lithium from brine, IBAT's incoming CEO Burba says he can do it in 24 hours. That would put IBAT on the front line of new lithium coming online to meet the battery demand.

Lithium is currently produced through a grueling 24-month solar evaporation process that entails slowly extracting all other elements from the brine until only lithium remains.