"issued by mistake." Experts have estimated that the Temrezli mine alone would generate revenues of up to $644 million over its life, resulting in a net ROI of $267 million. However, after repeated attempts to make contact with the Turkish government, the company filed a request for arbitration with the International Centre for Settlement of Investment Disputes (ICSID) as a result of Turkey's unlawful actions. Their request was registered, and as of May 1, 2019, a three-member ICSID panel was formed. The proceedings will take place in Washington, DC. On Monday, January 27, 2020, Westwater, the claimant, filed a Memorial on the merits of their case to the panel. The Republic of Turkey must move to bifurcate the proceedings by March 9, 2020, or alternatively, file a counter-Memorial by June 15, 2020. The first hearing will be sometime between March and September, in 2021, depending on how the case progresses. Lithium In 2016, the company was able to obtain over 30,000 acres of lithium brine properties, including the Sal Rica Project in Utah and the Columbus Salt Marsh (or Columbus Basin) project in Nevada (near Tesla's Gigafactory). Values ranging from 60 to 170 ppm were common across all three properties, although some anomaly-type samples indicated up to 392 parts per million of lithium concentrations. However, the company currently only has mineral and water rights for their Columbus Basin project (14,220 acres). In 2020, the company decided to focus all of its resources on the development of its graphite business and returned its lithium claims in Nevada and Utah to the United States government. Graphite In early to mid 2018, Westwater Resources completed the acquisition of Alabama Graphite. Part of that acquisition included the Coosa Graphite Project, held under a long-term lease. It lies about 25 miles southwest of Sylacauga, Alabama and covers 41,900 acres of land at the southern end of the Appalachian mountain range. As of September 2018, Westwater successfully produced approximately 4 kg of battery grade graphite. Since then, Westwater has received a request for from an undisclosed battery manufacturer for one tonne of purified micronized graphite for further testing. To meet this request, as well as any others that may come in the future, the Company has decided to outsource their natural flake graphite until Westwater's Coosa Graphite Mine is permitted and operational. The Company anticipates a full scale mining rate of 577,000 short tons per year,