nternational Battery Metals is pleased to announce that it has closed its previously announced non- brokered private placement financing. Pursuant to the Private Placement, the Company issued 18,642,134 units, with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$10,436,000. Each Unit consists of one common share of the Company, and one Common Share purchase warrant, each Warrant [...]
International Battery Metals announced an agreement with US Magnesium LLC for the installation of its first-of-its-kind, patented modular direct lithium extraction plant installed at a brine resource. The mobile facility is co-located at US Mag's existing operations outside Salt Lake City. IBAT's plant will process brine produced from lithium-containing waste-magnesium salts. The resulting lithium chloride product will [...]
International Battery Metals is pleased to announce that it has completed a non-brokered private placement financing of up to 14,338,494 units issued at a price of CAD$0.784 per Unit for gross proceeds of USD $8.2 million. Each Unit consists of one common share of the Company and one Common Share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional Common Share for a period of two [...]
International Battery Metals is pleased to announce that it has completed its previously announced initial private placement financing with EV Metals VI, in which it issued 2,702,400 units of the Company at a price of C$1.00 per Unit, for gross proceeds of USD$2 million. Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder to acquire [...]
International Battery Metals is pleased to announce that it has received a binding commitment from EV Metals VI to provide immediate private placement financing of US$2 million to be used by the Company to fund its current obligations for the deployment of its modular direct lithium extraction plant in the western United States as previously announced on January 11, 2024. The Company is also pleased to announce that it [...]
International Battery Metals is pleased to announce that it has entered into an agreement with Stifel Canada and BMO Capital Markets, as co-lead agents and joint bookrunners, in connection with a proposed best efforts private placement marketed offering of units of the Company for aggregate gross proceeds to the Company of up to approximately US$15 million at a price of C$1.00 per unit. Each Unit will consist of one [...]
International Battery Metals is pleased to announce the signing of a term sheet for deployment of our modular direct lithium extraction plant with a customer in the western United States. Our MDLE Plant utilizes our proprietary selective absorption media minimizing the use of chemicals, reducing by-product waste, and recovering over 98% of our process water. The Customer is a significant producer of metals and minerals [...]
International Battery Metals is pleased to announce that it has closed its non-brokered private placement as previously announced on Dec 21, 2023, by issuing 2,694,804 units of the Company at a price of $0.70 per Unit for aggregate proceeds to the Company of approximately USD$1.415 million. The Private Placement was oversubscribed. Each Unit consists of one common share in the capital of the Company, and one common share [...]
International Battery Metals is pleased to announce that as a result of investor demand, it intends to complete a second closing of its previously announced private placement completed on December 8, 2023. In the second closing, the Company expects to issue up to 2,475,757 units for a price of CAD$0.70 per Unit, for total proceeds of up to USD $1.3 million. Each Unit will consist of one common share in the capital of the [...]
International Battery Metals is pleased to announce the appointment of Libor Michel to serve as Co-Chief Executive Officer, along with Garry Flowers, and Douglas Smith as Chief Financial Officer, effective immediately. Mr. Michel has decades of experience as a strategic advisor to companies in the energy and energy transition sectors, raising substantial capital and driving transformative acquisition transactions. Mr [...]
International Battery Metals is pleased to announce that it has closed its previously announced private placement of units. Pursuant to the Private Placement, the Company issued 1,629,838 units at a price of CAD$0.70 per Unit, for aggregate gross proceeds of CAD$1,140,886. Each Unit consists of one common share in the capital of the Company, and one common share purchase warrant, with each Warrant entitling the holder to [...]
International Battery Metals is pleased to announce that it plans to complete a non-brokered private placement of up to 1,649,243 units for a price of CAD$0.70 per Unit, for total proceeds of up to USD $850,000 . Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will permit the holder to acquire one additional Common Share at a price of $0.82 for a [...]
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