VANCOUVER, BC and HOUSTON, Sept. 25, 2024 /CNW/ - International Battery Metals Ltd. (the "Company" or "IBAT") (CSE: IBAT), provides the following operational update on our operations at US Magnesium LLC ("US Mag"). We are extremely pleased with the performance of our modular direct lithium extraction plant, (the "MDLE Plant"). The MDLE Plant was processing a solution produced from lithium containing waste salts derived from prior magnesium production generating a high-purity lithium chloride eluent. The lithium chloride eluent was further processed by US Mag's on-site facilities to produce a lithium carbonate meeting US Mag's specification. After lengthy discussions between the Company and US Mag it has been concluded that operating economics have been challenged due to the current price environment of lithium carbonate, and operations will be suspended until lithium prices recover. We want to thank US Mag for this collaboration and look forward to potentially working with US Mag in the future.
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