Canada invests $10m in Ontario infrastructure to support critical minerals projects

The Santiago-based firm is offering a minority stake in its recently formed international lithium division.

The company's technology has raised over $110 million and is backed by investors including General Motors, Eni, and POSCO.  

The company began operating its DLE system on September 17, 2024, and is currently optimizing its field unit.

Weather impacts could lead to a potential delay in first production by a few weeks to early Q1 2025.

In October, the government will begin consulting indigenous communities near the areas.

The two countries are discussing the development of the first lithium production in Mali.

The plan, part of a $100 billion industrial policy vision, also called for the use of emergency government powers under the Cold War-era Defense Production Act.

IBAT's move comes amid a more than 80% drop in lithium prices in the past year.

How best to leverage the energy transition into profitable investments is turning into a vexing challenge.