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LibertyStream Signs Feedstock Term Sheet with Goodnight Midstream for North Dakota Lithium Expansion; Independence 1 Targets 2027 Commissioning

VLTLF
  • LibertyStream Infrastructure Partners entered a non-binding term sheet with Goodnight Midstream on November 6, 2026, to deploy direct lithium extraction systems in North Dakota's Bakken basin.
  • The initial facility, Independence 1, is planned to produce approximately 500 tonnes per annum of battery-grade lithium carbonate with commissioning targeted for the third quarter of 2027.
  • Goodnight will grant LibertyStream exclusive rights to process produced water, while LibertyStream funds, designs, constructs, owns, & operates the facilities without capital or operating cost obligations for Goodnight.
  • LibertyStream must commission an initial facility with a capacity of 23,000 barrels per day by December 31, 2027, to maintain exclusivity across all Goodnight locations.
  • Goodnight will receive a revenue share on lithium carbonate sales & royalties on other critical minerals, with the revenue share rate increasing above a specified lithium price.
  • The framework contemplates up to three additional facilities of similar scale at mutually agreed Goodnight locations following Independence 1.
  • LibertyStream is partnering with Wellspring Hydro to access US$2.2 million in grants & US$2.5 million in loans from the North Dakota Industrial Commission's Clean Sustainable Energy Authority.
  • LibertyStream is negotiating with the State of North Dakota for financing options covering up to 50% of facility costs for Independence 1 & future facilities.
  • Independence 1 supports LibertyStream's strategy to supply domestic lithium to Packet Digital, a Fargo-based battery manufacturer, under a November 2025 memorandum of understanding.
  • The project utilizes a modular direct lithium extraction & refining template similar to LibertyStream's existing operations in Texas' Permian Basin.