LibertyStream Acquires Commercial Lithium Carbonate Refining Unit for Texas; Announces $3.53 Million Promissory Note Financing with Leading Institutional Investment Firm and Insiders

About this update from Libertystream Infrastructure Partners Inc.

[{"type":"text","content":"LibertyStream Acquires Commercial Lithium Carbonate Refining Unit for Texas; Announces $3.53 Million Promissory Note Financing with Leading Institutional Investment Firm and Insiders\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n \n\n\n\n\n\n LibertyStream Infrastructure Partners Inc.\n \n (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“\n \n LibertyStream\n \n ” or the “\n \n Company\n \n ”) is pleased to announce the Company has finalized the purchase of a commercial lithium carbonate refining unit (the “\n \n Refining Unit\n \n ”) capable of producing up to 10 tonnes per annum (tpa) of industrial grade and battery grade lithium carbonate. In addition, LibertyStream announces an offering of 12% promissory notes (the “\n \n Notes\n \n ”) for aggregate gross proceeds of $3,530,000 (the “\n \n Offering\n \n ”).\n \n\n “\n \n The purchase of the Refining Unit is a critical next step to commercial production\n \n ,”\n \n\n commented Alex Wylie, President & CEO of LibertyStream. “Customers have told us loud and clear that they need bulk samples of lithium carbonate from the field in order to negotiate future offtake agreements.\n \n The Refining Unit is expected to provide our future customers with the lithium carbonate from the field they require\n \n .”\n \n\n\n Lithium Carbonate Refining Unit\n \n\n\n In September 2024, LibertyStream deployed its first direct lithium extraction (“\n \n DLE\n \n ”) field unit in the Permian Basin, subsequently scaling up to its Generation 5 unit by February 2025. This rapid scaling resulted in\n \n North America’s largest operational DLE system\n \n , capable of processing over\n \n 10,000 barrels per day\n \n of produced water.\n \n\n LibertyStream has focused the past six months conducting intensive operations in Texas, during which the company completed over 1,300 DLE runs. The Company has leveraged the knowledge gained over the six-month period to continuously improve its system including adding a pre-treatment step to knock out iron and organics prior to the DLE process. The 1,300 DLE runs and system improvements have led to consistency of results in the Texa...

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