International Battery Metals Ltd. Files Strategic Patent Application for Extraction and Production of High Purity Lithium Products in the United States
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2018) - International Battery Metals Ltd. (CSE: IBAT) ("IBAT" or the "Company"), a company that specializes in lithium extraction from oilfield brines, today announces that it has filed for patent protection at the U.S. Patent and Trademark Office (USPTO) for a novel process to produce high purity lithium products that do not rely on electrolysis. This patent application, along with previous applications will protect directly IBAT's extraction and production process in the United States as the company also prepares to file the application internationally.
Dr. John Burba stated, "We are proud to announce the filing of a new patent application with the US Patent and Trade Mark Office. The new application covers a novel process for the production of primary high purity lithium carbonate and hydroxide. A key advantage of this unique process is that it does not rely on electrolysis to produce 99.9% to 99.99% purity lithium products."
The patent application covers technology developed by Dr. Burba and protects the technology advancements in the Companies oilfield lithium extraction processes.
IBAT is an advanced technology company focused on lithium brine extraction. The company is in the process of creating and applying intellectual property related to lithium extraction from oilfield brines for petro-lithium extraction projects. IBAT's unique extraction process is environmentally friendly, low cost, and has the potential to produce high-quality, commercial grade lithium at a much faster rate than the current industry standards.
ON BEHALF OF THE BOARD
"Dr. John Burba"
President, CEO, and Director
Phone: (778) 939-4228
This news release of International Battery Metals, Ltd., Vancouver, British Columbia, Canada (the "company") includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. There can be no guarantees with respect to pipeline products that the products will receive the necessary regulatory approvals or that they will prove to be commercially successful. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of regulation and legislation in the United States and internationally; global trends toward cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company's Annual Report and the company's other filings with the Canadian Securities Exchange (CSE) available at the CSE's Internet site (www.thecse.com).