International Battery Metals is pleased to announce that it has completed its previously announced initial private placement financing with EV Metals 7 and EV Metals VI, in which it issued 26,084,454 units of the Company at a price of C$0.4168 per Unit, for gross proceeds of USD$7,550,000. Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the [...]
International Battery Metals announces that the board of directors of the Company has appointed Mr. Michael Rutledge as interim Chief Financial Officer effective immediately. Effective today, Mr. Michael Rutledge will assume the role of Interim Chief Financial Officer from Doug Smith, who has served as Chief Financial Officer of the Company since December 11, 2023. Mr. Rutledge, CPA, is a seasoned financial executive with [...]
International Battery Metals is pleased to announce that it has entered into a binding letter of intent with EV Metals VII, an insider of the Company controlled by Jacob Warnock, a director of the Company, pursuant to which the Company has agreed to issue up to US$15 million in units of the Company in one or more tranches for a period of 12 months. The issue price per Unit will be based on the maximum permissible discount [...]
International Battery Metals is pleased to provide an update on certain general corporate matters. Following the Company's most recent annual general meeting held on Oct 31, 2024, the Company's board of directors, consisting of John Burba, Jacob Warnock, James Schultz, Keith Solar and John Souther, elected John Burba to act as the Chair of the Board. On Nov 26, 2024, the Board approved the grant of an aggregate of [...]
International Battery Metals, is pleased to announce that the Company has received confirmation from the TSXV that the common shares in the capital of the Company are expected to commence trading on the TSXV effective market open on Monday, Oct 7, 2024. In connection with the listing of the Common Shares on the TSXV, the Company has submitted a request to voluntarily delist the Common Shares from the Canadian Securities [...]
International Battery Metals provides the following operational update on our operations at US Magnesium. We are extremely pleased with the performance of our modular direct lithium extraction plant. The MDLE Plant was processing a solution produced from lithium containing waste salts derived from prior magnesium production generating a high-purity lithium chloride eluent. The lithium chloride eluent was further processed [...]
Start of tenure comes on heels of IBAT commencing operations of world's first commercial modular Direct Lithium Extract plant and first commercial DLE Plant in North America CEO to accelerate global expansion of commercial DLE operations Jancik brings large-scale water infrastructure expertise. International Battery Metals announced its new CEO, Iris Jancik, has taken the helm of the company, effective today, following [...]
International Battery Metals is pleased to announce that is has appointed Marcum LLP, as the Company's independent registered public accounting firm, effective as of July 2, 2024. The Successor Auditor is being appointed following the receipt by the Company on July 5, 2024, of a formal resignation of Crowe MacKay, with said resignation effective as of July 5, 2024. The board of directors of the Company, upon the [...]
International Battery Metals announced it has commenced operations of its commercial proprietary modular direct lithium extraction plant in Utah - an industry landmark representing the first lithium produced from the only modular DLE operation in the world and the first commercial DLE operation in North America. The commercial facility outside Salt Lake City, Utah, is co-located at the operations of US Magnesium LLC (US [...]
International Battery Metals is pleased to announce that it has completed a subsequent closing of its previously announced strategic private placement. Pursuant to the Private Placement, the Company issued 11,478,246 units, with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$6,430,772. Each Unit consists of one common share of the Company, and one Common Share purchase warrant, each [...]
International Battery announced the appointment of Iris Jancik as Chief Executive Officer, effective in mid-August. Jancik will focus on expanding commercial deployment of IBAT's patented modular direct lithium extraction plants. IBAT recently announced installation of its first commercial lithium production plant, co-located at US Magnesium's operations outside Salt Lake City, Utah. IBAT is currently commissioning the [...]
International Battery Metals is pleased to announce that it intends to complete a subsequent closing of its previously announced strategic private placement. Pursuant to the Private Placement, the Company expects to issue a minimum of 8,478,246 units for a price of CAD$0.76632 per Unit, for gross proceeds of CAD$6,497,050. The Company may issue additional Units on the same terms, depending on whether certain parties will [...]
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