Accesswire
17 Jun 2026, 20:50 UTC · 1h ago
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IBAT's DLE technology achieved 98% lithium recovery and 99+% contaminant rejection over 1,200 cycles using real-world brine samples from multiple global regions. — Proven technical efficacy across diverse brine compositions is the primary catalyst for moving from R&D to commercial viability.
+0.80The company is currently in negotiations with several counterparties for the commercial deployment of its existing modular DLE plant. — Transitioning from testing to commercial agreements provides a direct path to scalable revenue and market validation.
+0.60Full-year revenue declined to $164 thousand from $871 thousand in the prior year. — The significant drop in revenue highlights the company's current lack of commercial scale and reliance on small-scale testing fees.
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IBAT ended the fiscal year with a cash position of $9.2 million and recently raised $2.0 million in new equity financing. — While providing a short-term liquidity runway, the need for equity financing underscores the burn rate of the pre-revenue operation.
+0.20Which stocks this story touches
The company reported strong technical results with 98% lithium recovery and transitioned to a net income position for the full year.
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