LibertyStream Infrastructure Partners Inc. has taken a significant leap towards commercial lithium production by acquiring a refining unit for its Texas operations, capable of producing up to 10 tonnes of lithium carbonate annually.
LibertyStream Infrastructure Partners Inc. announced the finalization of its purchase of a commercial Lithium Carbonate refining unit, a crucial step designed to propel the company into the next phase of its direct lithium extraction (DLE) operations in Texas. The refining unit boasts the capacity to produce up to 10 tonnes per annum (tpa) of both industrial and battery-grade lithium carbonate.
"The purchase of the Refining Unit is a critical next step to commercial production," stated Alex Wylie, President & CEO of LibertyStream. He further elaborated, "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. The Refining Unit is expected to provide our future customers with the lithium carbonate from the field they require." This acquisition underscores LibertyStream's commitment to meeting market demand and solidifying future partnerships.
The company's journey to this milestone has been marked by rapid advancements in its DLE technology. Since deploying its first DLE field unit in the Permian Basin in September 2024, LibertyStream has swiftly scaled up to its Generation 5 unit by February 2025. This rapid progression has culminated in the establishment of North America's largest operational DLE system, capable of processing over 10,000 barrels per day of produced water.
Over the past six months, LibertyStream has conducted extensive and intensive operations in Texas, completing over 1,300 DLE runs. The invaluable knowledge garnered from these runs has been instrumental in continuously improving the company's system, including the implementation of a pre-treatment step to effectively remove iron and organics before the DLE process. This rigorous testing and refinement have led to a high degree of consistency in results from the Texas operations, providing management with the confidence to accelerate to this crucial stage of acquiring the refining unit.
To finance this pivotal acquisition and support ongoing operations, LibertyStream has also announced an offering of 12% promissory notes for aggregate gross proceeds of $3,530,000. This financing package, secured with a leading institutional investment firm and insiders, provides the necessary capital infusion to ensure the seamless integration and operation of the new refining unit, further paving LibertyStream's path towards becoming a key player in the North American Lithium Market.
