LibertyStream and Wellspring Hydro Announce US $700,000 Grant to Fund Lithium Refining Unit backed by State of North Dakota; Proceeds Drawn From US$7.5 million pre-Approved State Funded Grant and Loan Facility
LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce the Company has been awarded a US$700,000 grant to fund a portion of the previously announced commercial lithium carbonate refining unit (the “Refining Unit”) capable of producing up to 10 tonnes per annum (tpa) of industrial grade and battery grade lithium carbonate. This follow-on support comes via LibertyStream’s partnership with Wellspring Hydro (“WSH”) and is consistent with the state’s commitment to accelerating critical minerals development within the U.S. The proceeds from the grant are drawn from Wellspring’s US$10 million North Dakota State backed grant and loan facility of which US$4.2 million is available for future drawdown.
LibertyStream Announces Closing of Promissory Note Financing
LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has closed its previously-announced offering of 12% promissory notes (the “Notes”) for aggregate gross proceeds of $3,530,000 (the “Offering”).
LibertyStream Acquires Commercial Lithium Carbonate Refining Unit for Texas; Announces $3.53 Million Promissory Note Financing with Leading Institutional Investment Firm and Insiders
LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce the Company has finalized the purchase of a commercial lithium carbonate refining unit (the “Refining Unit”) 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 “Notes”) for aggregate gross proceeds of $3,530,000 (the “Offering”).
LibertyStream Announces Successful Field Trial in North Dakota's Bakken Region
LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce a successful field trial of its proprietary mobile Direct Lithium Extraction ("DLE") unit (the “Field Unit”) in North Dakota’s Bakken region (the “Field Trial”). This initiative, in collaboration with Wellspring Hydro (“Wellspring”), is supported by a combined US$2.5 million in funding facilitated through the North Dakota Industrial Commission’s Clean Sustainable Energy Authority and Renewable Energy Program.
