LibertyStream Begins Installation and Integration of DLE Extraction and Refining Systems at Select Water Solutions' Site; Initial Production Expected Early Q2

Executive Summary

• LibertyStream has finished site preparation and begun installing its direct lithium extraction (DLE) and lithium carbonate refining systems at Select Water Solutions’ facility in Howard County, Texas.
• The integrated system is on schedule to start producing technical‑grade and battery‑grade lithium carbonate in early Q2 2026.
• This deployment serves as a template for scaling the technology across major U.S. basins, with a target of up to 1,000 tonnes annual production capacity by year‑end 2026.

Key Details

• Completed site preparations and initiated installation of DLE extraction and refining equipment at Select Water Solutions’ water‑treatment plant (Howard County, north of Midland, TX).
• Systems are being integrated with Select’s existing produced‑water pretreatment and recycling infrastructure.
• Expected commencement of lithium carbonate production (technical‑grade and battery‑grade) in early Q2 2026.
• Initial phase will generate bulk samples for customer qualification and provide certificates of analysis (COAs) for industrial and battery‑grade markets.
• The deployment establishes a repeatable integration template to be applied to future sites in the Permian, Bakken, and other high‑volume U.S. basins.
• Near‑term strategy includes:
  1. Completing installation, integration, and commissioning by early Q2 2026.
  2. Starting lithium carbonate production and shipping bulk samples for testing/qualification.
  3. Continuing customer offtake qualification through ongoing sampling programs.
  4. Advancing construction of a separate commercial‑scale DLE extraction and refining system later in 2026, targeting up to 1,000 tonnes annualized production capacity by year‑end 2026.

Notable Quotes

• “Our team has made significant progress over the past month preparing the site and installing our DLE extraction and refining systems at Select's facility,” said Alex Wylie, President & CEO of LibertyStream. “We remain ahead of schedule for commissioning and expect to begin initial lithium carbonate production early in the second quarter.”

Materiality Assessment: Material – Positive (the update signals a key operational milestone, outlines near‑term production targets, and sets the foundation for scaling the company’s core technology.)