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LibertyStream Reports Three Months of Consistent Battery-Grade Lithium Carbonate Production

Business

LibertyStream Reports Three Months of Consistent Battery-Grade Lithium Carbonate Production
Business

Business

LibertyStream Reports Three Months of Consistent Battery-Grade Lithium Carbonate Production

2026-08-24 20:30 Last Updated At:21:00

DALLAS--(BUSINESS WIRE)--Aug 24, 2026--

LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“ LibertyStream ” or the “ Company ”) is pleased to provide an operating update from Freedom Launchpad, its production, customer-qualification and training platform located at Select Water Solutions’ site in Howard County, Texas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260824601760/en/

Since the refining system was configured for battery-grade production on May 14, 2026, every full certificate of analysis issued through August 14 has reported lithium carbonate purity at or above 99.7%, exceeding the 99.5% minimum purity commonly specified for battery-grade lithium carbonate.

The three-month record demonstrates consistent lithium carbonate purity across repeated production campaigns.

Freedom Launchpad’s fully automated Gen 6 direct lithium extraction system and integrated refining equipment remain in active operation. The platform has produced approximately three tonnes of lithium carbonate across three distinct product requirements: battery-grade, technical-grade and customer-specific material. This includes one tonne manufactured to a customer’s required specification and delivered under LibertyStream’s initial industrial trial order.

“Everything starts with operations,” said Alex Wylie, President and CEO of LibertyStream. “Three months of production at battery-grade purity demonstrates the repeatability of our process. Customer work spanning seven organizations and our first definitive offtake agreement reflect market interest in our product.”

Production Supporting Multiple Customer Paths

Beginning in early July 2026, lithium carbonate samples have been delivered to four customer organizations for evaluation. LibertyStream has also produced material meeting specifications supplied by three additional prospective customers.

This customer work builds on LibertyStream’s first definitive lithium carbonate offtake agreement, which provides for 600 tonnes per year beginning in 2027 and establishes contracted demand for planned production from Freedom 1.

The Company continues to produce material for customer evaluation, refine product specifications and advance multiple qualification and commercial discussions.

Operating Today, Advancing Freedom 1

Freedom Launchpad uses the core equipment types, automation and process architecture intended for commercial deployment at Freedom 1, LibertyStream’s planned 1,000-tonne-per-year lithium carbonate facility.

Each production campaign does more than produce lithium carbonate. It supplies customers with material to evaluate while generating operating data, training personnel and refining procedures.

LibertyStream expects to provide further updates as production continues, customer evaluations advance and Freedom 1 development progresses.

About LibertyStream Infrastructure Partners

LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: https://LibertyStream.com/.

Forward-Looking Information

This news release contains certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws, collectively referred to herein as “forward-looking information.” Forward-looking information includes statements other than statements of historical fact and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “target,” “plan,” “forecast,” “may,” “will,” “would,” “could,” “schedule” and similar words or expressions.

Forward-looking information in this news release includes, without limitation, statements regarding: the continued operation and performance of Freedom Launchpad’s Gen 6 direct lithium extraction system and integrated refining equipment, including the anticipated operations of Freedom Launchpad commencing September 1, 2026; the potential for the Company’s customer sampling, evaluation and qualification programs to result in additional purchase orders, offtake agreements or other commercial relationships; future production and deliveries under the Company’s existing definitive offtake agreement; the timing, capacity, performance and commercial operation of Freedom 1; the Company’s current strategy; and the Company’s ability to scale its direct lithium extraction and refining platform commercially.

Forward-looking information is based on assumptions considered reasonable by management as of the date of this news release, including assumptions regarding: the continued availability and performance of equipment, personnel, brine feed, utilities and required services; the accuracy and repeatability of production and analytical results; the Company’s ability to continue meeting applicable product and customer specifications; the successful advancement of customer qualification programs; the performance of customers and other counterparties; the availability of financing, permits and other required approvals; and the Company’s ability to continue to develop, commission and operate Freedom 1 on the timetable and at the capacity currently anticipated.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, without limitation: variability in feed brine, production and analytical results; equipment failure, maintenance requirements or operating interruptions; failure to continue meeting product or customer specifications; delays or unsuccessful outcomes in customer evaluation and qualification; inability to secure additional customers, purchase orders or commercial agreements; counterparty default or non-performance; construction, supply-chain, financing, permitting or commissioning delays; higher-than-anticipated costs; changes in lithium carbonate prices or customer demand; and the risk that the Company’s technology cannot be scaled or operated commercially as anticipated.

Additional risks and uncertainties are described in the Company’s most recent public disclosure documents filed under its issuer profile on SEDAR+. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update forward-looking information to reflect future results, events or developments, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

LibertyStream lithium carbonate assay results from Freedom Launchpad, April 23 through August 14, 2026, showing the May 20 transition to battery-grade targeting and nine consecutive certificates of analysis above the 99.5% battery-grade purity reference. Assays were reported by NSL Analytical Services. (Graphic: LibertyStream Infrastructure Partners Inc.)

LibertyStream lithium carbonate assay results from Freedom Launchpad, April 23 through August 14, 2026, showing the May 20 transition to battery-grade targeting and nine consecutive certificates of analysis above the 99.5% battery-grade purity reference. Assays were reported by NSL Analytical Services. (Graphic: LibertyStream Infrastructure Partners Inc.)

TEHRAN, Iran (AP) — Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade.

The rial dropped to 2.02 million to the U.S. dollar as trading opened on currency markets. Iran’s official Central Bank rate stood at around 1.5 million rial to the dollar, but the market rate is what most Iranians pay.

The currency had already been under pressure before the U.S. and Israel attacked Iran on Feb. 28, as Iran faced double-digit inflation and negative growth, but has repeatedly hit new lows as nearly six months of war have taken an even greater toll.

Iranians find daily staples increasingly unaffordable. Since the war began, rice is up some 60% and prices of beef are more than 150% higher. The International Monetary Fund forecasts that GDP will contract more than 5%.

Still, economic pressure has not yet translated into political pressure. Iran retains a key strategic advantage: Its attacks and threats on ships in the Strait of Hormuz have brought traffic in the vital waterway to a near halt, damaging the world economy and heaping pressure on U.S. President Donald Trump ahead of congressional elections.

The war, as a result, has devolved into a fight over who controls the strait, through which a fifth of the world’s traded oil transited before the conflict. Iran is now refusing to fully reopen it unless it can charge ships.

Iran and Oman, which is on the opposite side of the strait, are reportedly in the final stages of agreeing upon a plan for joint management of the waterway. Oman’s foreign minister is set to visit Iran on Tuesday.

In an attempt to break the impasse, Trump's administration promised even stronger sanctions than those already in place would be announced Monday, including secondary sanctions on countries that continue to do business with Iran.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” U.S. Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times. “The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”

Already last week, the United Arab Emirates announced that it was suspending all trade with Iran. The UAE has long been one of Iran’s largest trading partners and its biggest source of imports.

Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran on Monday that “any escalation of this situation will undoubtedly bring about consequences."

“Our hands are not tied,” he added.

Pakistan, which played a key role in brokering a 60-day ceasefire in June, sent a high-level delegation to Iran on Monday to discuss ending the war, the military said.

In downtown Tehran, 73-year-old Sadegh Mahmoudi did not hold out hope for a resolution. He joined a line of about a dozen people to purchase U.S. dollars with his remaining savings to hedge against further declines.

“There is no hope for a deal and peace,” he said.

Rising reported from Dubai, United Arab Emirates. Associated Press writer Munir Ahmed in Islamabad contributed.

Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, a hub for foreign currency trading in downtown Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, a hub for foreign currency trading in downtown Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

A money exchanger counts Iranian banknotes at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

A money exchanger counts Iranian banknotes at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

A money exchanger counts Euro bank notes at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

A money exchanger counts Euro bank notes at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Monday, Aug. 24, 2026. AP Photo/Vahid Salemi)

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