A new company—with a breakthrough technology—has the potential to reshape lithium production in the same way fracking reshaped oil production.
In fact, as reported by USA Today, International Battery Metals’ (CSE:IBAT; OTC: RHHNF) incoming Chief Executive Officer (CEO), John Burba, was offered $325 million by Elon Musk for Burba’s previous company and its second-generation technology. A major New York investment banking firm, however, valued that company and the second-generation technology at $2.5 billion, seven times what was being offered. A deal was never completed.
Since then, Burba and a hand-selected team of experts have agreed to move over to IBAT, bringing with them their newly invented third-generation technology specifically directed at oil field brines.
This could be a significant …View the full post at: New Tech Could Be A Game Changer For The Lithium Sector …
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