LibertyStream Announces Corporate Update: 2025 Milestones Achieved, 2026 Outlook, and Leadership Addition
Businesswire·2025-12-18 14:21

Core Viewpoint - LibertyStream Infrastructure Partners Inc. aims to become the first company in North America to advance direct lithium extraction from oilfield brine to commercial operations by 2026, following significant milestones achieved in 2025 and the addition of key leadership [1][2]. Company Milestones - In 2025, LibertyStream successfully produced lithium carbonate from its Texas field operations, marking a significant step towards expansion in critical U.S. oilfields [2]. - The company commissioned its proprietary Generation 5 Direct Lithium Extraction (DLE) unit, capable of processing up to 10,000 barrels of oilfield brine per day, and has processed over 350,000 barrels of brine since February 2025 [3][4]. - Major financial milestones include closing a $3.5 million promissory note financing and a $700,000 state-backed grant in August 2025, followed by a $10 million non-brokered private LIFE offering in December 2025 [6]. Operational Achievements - The Generation 5 DLE unit achieved a lithium extraction rate of 99% in March 2025, and successful field trials were announced in North Dakota [6]. - The company has completed over 2,500 real-time validation tests, demonstrating the reliability of its technology [3]. - LibertyStream's first lithium carbonate production was announced in December 2025, with plans to scale up production to meet technical specifications for future customers [13]. Management and Strategic Additions - Mr. Jack Crancer has been appointed as Vice President of Finance, bringing over 14 years of experience in U.S. capital markets [7][8]. - The company aims to expand its management team through strategic hires to enhance technical expertise and operational capacity [13]. Future Outlook - LibertyStream's key objectives for 2026 include transitioning to commercial operations, securing supply agreements with major operators in Texas or North Dakota, and initiating discussions for long-term off-take agreements [7][13]. - The company plans to commence selling all lithium carbonate produced into the spot market in 2026, with the goal of supplying commercial volumes by 2027 [14].