The electric car revolution is driving a lithium-ion battery boom that could be worth $67 billion by 2022 – as long as a supply crunch doesn't choke it to death. Thankfully, International Battery Metals Ltd. (CSE:IBAT; OTC: RHHNF) is seeking to revolutionize the economics of Lithium extraction.
Traditional solar evaporation technology takes up to 24 months to extract lithium from metal heavy brine. IBAT's incoming CEO John Burba says he can do it in 24 hours.
Not only that – traditional methods only recover 40 percent of the resource. With their new tech, IBAT can achieve lithium extraction rates of over 90 percent.
Elon Musk even offered $325 million to acquire the CEO's previous company – which was based on an earlier version of the advanced technology that IBAT's will use.
A major New York Global Investment Bank valued the same company at 7X that number… at $2.5 billion. Fortunately for investors now, the deal was never completed.
That's why we're so interested in the International Battery Metals story.
Here are 5 reasons why you should be paying attention:
1. The Coming Lithium Megaboom.
2. Game Changing Extraction Tech
3. An $84 Billion partnership Opportunity
4. Massive Interest From Tesla Motors
5. A Veteran Team Of Lithium Pioneers
The Lithium Megaboom
We're witnessing an explosion in global demand for Lithium, and supply isn't even close to keeping up. That's why Lithium spot prices have nearly tripled since 2015.
The price per metric ton in Chinese spot markets is up from $6,500 to over $20,000.
Lithium's wild ride is just beginning. Demand for the metal is set to soar in coming years, and we believe that represents a massive investor opportunity.
The global battery market is set to hit $120 billion in less than two years.
Electric car production is expected to increase more than thirtyfold by 2030, hitting 24.4 million in annual vehicle sales – up from under 1 million today.
The Tesla (NASDAQ:TSLA) 70kWh Model S battery pack contains 63Kg of lithium, equivalent to the amount of lithium in 10,000 cellphones.