The global battery market is set to hit $120 billion in less than two years, and there's a massive investor opportunity here in lithium—but this isn't a mining play, it's a tech play all the way.
As lithium continues to enjoy status as the hottest metal on the market, and as producers race to the finish line to bring new supply online, one little-known company just might hold technology that will give it a big edge.?
In the swarm of new entrants on the lithium playing field, International Battery Metals (CSE:IBAT; OTC: RHHNF) stands out—front and center—because it's sitting on a proprietary advanced technology that could push lithium into the production stage rapidly. It has signed an LOI with North American Lithium (NAL) to acquire all its lithium extraction process intellectual property and be restructured with NAL becoming an integral part of the company.
Where traditional solar evaporation technology takes up to 24 months to extract lithium from the brine, IBAT incoming CEO Burba says he can do it in 24 hours. That would put IBAT on the front line of new lithium coming online to meet the battery demand. And that demand is supplying our energy transition for everything from mainstreamed electric vehicles (EVs) to massive energy storage solutions and consumer electronics market that grows leaps and bounds.