Summary of International Battery Metals Conference Call Company Overview - **Company Name**: International Battery Metals (IBAT) - **Stock Symbols**: IBAT on TSXV, IBAT.F on OTCQB [3][2] - **Headquarters**: Houston, Texas [3] - **Founded**: 2018 [3] - **Market Capitalization**: Approximately $36 million [3] - **Cash Balance**: Approximately $9 million as of December 31 [3] Industry Context - **Industry**: Lithium extraction and battery technology [3] - **Critical Mineral**: Lithium is classified as a critical mineral with diverse applications, primarily driven by the battery industry [4] - **Demand Growth**: Lithium demand is projected to grow from 1.6 million metric tons annually to between 4-6.5 million metric tons by 2035, representing a 3-5x increase over the next decade [9][17] Core Technology and Business Model - **Direct Lithium Extraction (DLE)**: The company specializes in DLE technology, which is modular and allows for lower capital intensity and faster execution times compared to traditional lithium extraction methods [3][7][8] - **Modular Technology**: Enables construction of plants off-site, reducing costs and allowing for staged development [7][8] - **Unique Media**: The proprietary media used in the DLE process is sourced and manufactured in the U.S., providing high selectivity and efficiency in lithium extraction [18][19] Market Dynamics - **Nearshoring Trend**: There is a global movement to secure critical mineral supply chains away from China, which dominates the lithium supply chain [5][14] - **Supply Chain Rebalancing**: The geopolitical landscape is driving a shift towards local sourcing of lithium, with increased focus on U.S. and allied nations [12][13] Financial and Operational Highlights - **Lithium Price Recovery**: Lithium prices have rebounded from lows of approximately $8,500 per metric ton to around $20,000 per metric ton, improving project economics [28][29] - **Project Deployment**: The company is focused on redeploying its existing plant, which has already generated over 25 tons of battery-grade lithium carbonate [20][21] Future Outlook - **Growth Projections**: DLE technology is expected to account for 15%-20% of the lithium supply market over the next decade, potentially providing 1 million tons of lithium annually by 2035 [17] - **Strategic Partnerships**: The company is exploring various revenue models, including licensing, service models, and project participation, to align with customer needs [25][26][27] - **R&D and Commercial Readiness**: The company is currently commercial-ready and continues to improve its technology, focusing on larger columns to enhance efficiency [33][34] Key Challenges and Considerations - **Market Volatility**: The lithium market is subject to price fluctuations, and the company aims to be a low-cost operator to remain competitive [35][36] - **Skepticism Around DLE**: Addressing concerns about the viability of DLE technology is crucial for gaining customer and investor confidence [36][37] Conclusion - **Management Focus**: The management team is committed to executing the company's strategy and capitalizing on the growing lithium demand driven by electric vehicles and energy storage solutions [30][31] - **Positive Catalysts**: Key catalysts for the next 12 months include the deployment of the existing plant and potential new projects in various regions [30][32]

Core Viewpoint - LibertyStream Infrastructure Partners Inc. is planning to re-domicile to Texas and establish its corporate head office in Dallas to align with its operational presence and support a future U.S. exchange listing [1][4][5]. Group 1: Re-Domiciliation and Corporate Strategy - The company has scheduled a Special Meeting of Shareholders for March 31, 2026, to consider the proposed re-domiciliation [1][7]. - The re-domiciliation aims to position the company closer to its operational footprint in West Texas and facilitate the sale of American-produced lithium to U.S. customers [5][6]. - Senior executives relocated to Dallas in 2025 to enhance operational efficiency and align with the company's commercialization strategy [5][6]. Group 2: Operational Progress and Future Plans - LibertyStream has been operating in the Permian Basin since mid-2024 and has made significant advancements in its lithium extraction business [3][4]. - The company has scaled its direct lithium extraction operations to process up to 10,000 barrels of oilfield brine per day and is refining lithium chloride into lithium carbonate [4][8]. - The anticipated commencement of commercial operations is expected in late 2026, with plans for a U.S. exchange listing targeted for late 2026 or early 2027 [2][6].

Core Viewpoint - LibertyStream Infrastructure Partners Inc. has successfully closed the second and final tranche of its private placement, raising a total of approximately $10 million to support its lithium extraction technology and production efforts [1][4]. Group 1: Offering Details - The private placement raised aggregate gross proceeds of $1,089,999.95 through the issuance of 13,701,691 Units at a price of $0.65 per Unit, bringing total gross proceeds to $9,999,999.10 [1]. - Each Unit consists of one common share and one whole common share purchase warrant, with each Warrant allowing the purchase of one Common Share at an exercise price of $1.00 for a period of thirty-six months [2]. - The Offering was completed under the "listed issuer financing" exemption, meaning the securities issued are not subject to a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to developing the Company's direct lithium extraction technology, scaling up lithium carbonate production, providing product samples to potential customers, and for general working capital [4]. Group 3: Company Overview - LibertyStream is focused on becoming one of North America's first commercial producers of lithium carbonate from oilfield brine, leveraging management's hydrocarbon experience to deploy proprietary technology [6]. - The Company aims to operate efficiently and transparently, with a commitment to creating long-term, sustainable shareholder value [6].