LibertyStream Infrastructure Partners (TSX-V:LIB) is targeting first commercial lithium carbonate deliveries in Q2 2027, as offtake talks progress with seven prospective customers.
The company has produced lithium carbonate at its Freedom Launchpad facility in Texas, US, since May 2026, running the full Freedom 1 process flow. Some prospective customers have validated the product, while others are completing evaluations.
Based on these discussions, LibertyStream sees potential 2028 demand of 9,100 tonnes per annum (tpa) across six counterparties, rising to 20,000tpa longer-term.
Industrial buyers account for 4,100tpa of the 2028 figure, including 600tpa under an existing signed offtake and 3,000tpa in definitive documentation talks.
Battery demand adds 5,000tpa, comprising 3,000tpa under signed memorandums of understanding and 2,000tpa under a submitted request for proposal. The existing 600tpa agreement represents 60% of Freedom 1’s planned capacity.
These buyers span glass, ceramics, welding, cathode manufacturing, electric vehicles, energy storage, and US defence. The company has delivered product to a US battery manufacturer serving defence customers, and to the University of North Dakota for military drone battery research.
Every full certificate of analysis issued from 14 May to 14 August showed purity of at least 99.7%.
Except for the existing offtake, these discussions are non-binding. Sales at these levels depend on customer qualification, financing, approvals, and construction of capacity beyond Freedom 1 and Freedom 2, which are each designed to produce up to 1,000tpa.
Construction at Freedom 1 is underway, with all major process equipment purchased. To support this build-out, LibertyStream has extended exclusivity with Endurance Finance Partners to 14 November 2026 under a non-binding term sheet announced on 3 September.
That term sheet contemplates up to US$95 million ($136 million) for Freedom 1, Freedom 2, and potential additional sites, subject to due diligence and definitive agreements.
The company has a market capitalisation of C$153.05 million ($155 million).
LibertyStream Infrastructure Partners is a North American lithium development and technology company advancing direct lithium extraction from oilfield brine across the Permian and Bakken basins.
Write to JC Villarba at Mining.com.au
Images: LibertyStream Infrastructure Partners
