New Risk • May 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). High level of non-cash earnings (73% accrual ratio). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$52.8m market cap, or US$38.6m). Announcement • Apr 30
International Battery Metals Ltd. announced that it has received CAD 3.809017 million in funding from EV Metals VII LLC On April 29, 2026, the International Battery Metals Ltd. closed the transaction. In accordance with the LOI, company paid Jacob Warnock a cash structuring fee equal to 5% of the gross proceeds of the Units subscribed for by the EV Metals affiliates in connection with the Offering. Announcement • Apr 17
International Battery Metals Ltd. announced that it expects to receive CAD 3.809017 million in funding from EV Metals VII LLC International Battery Metals Ltd announced a non-brokered private placement with affiliate of EV Metals VII LLC to issue 34,315,465 Units at an issue price of CAD 3,809,016.615 on April 16, 2026. Each Unit will be comprised of one common share and one warrant. Each Warrant will entitle the holder to purchase one additional common share at a price of CAD 0.148 share for a period of four years from the date of issuance. The Offering is expected to close on or around April 24, 2026, pending approval from the TSX Venture Exchange. Company will also pay Jacob Warnock a structuring fee equal to 5% of the gross proceeds from the Offering, payable in cash at closing. The Units will be subject to a four-month plus one-day hold period under Canadian securities laws and will be considered restricted securities under the U.S. Securities Act of 1933. Announcement • Apr 09
International Battery Metals Ltd. Appoints Garrett Galloway as Executive Officer, Effective April 6, 2026 International Battery Metals Ltd. announced that Garrett Galloway, Senior Vice President of Corporate Development, was appointed as an executive officer of the Company, effective April 6, 2026. Mr. Galloway joined IBAT in May 2025 overseeing growth initiatives including business development activities, strategic partnerships and transactions, finance initiatives and investor relations. Galloway has over 15 years of experience in the energy industry, including multiple finance positions and has overseen the consummation of complex transactions, including mergers and acquisitions, strategic partnerships and debt and equity financing transactions. Prior to joining IBAT, Mr. Galloway served as Vice President of Finance at QuarterNorth Energy and had prior management experience at other private and public energy companies. He began his career in BOK Financial's energy group. Mr. Galloway holds a bachelor's degree in business and finance from the University of Alabama. Announcement • Feb 24
International Battery Metals Ltd. announced that it has received CAD 2.748414 million in funding from EV Metals VII LLC On February 23, 2026, International Battery Metals Ltd. closed the transaction. In accordance with the LOI, IBAT paid Jacob Warnock a cash structuring fee equal to 5% of the gross proceeds of the Units subscribed for by the EV Metals affiliates in connection with the offering. Announcement • Feb 19
International Battery Metals Ltd. to Report Q3, 2026 Results on Feb 25, 2026 International Battery Metals Ltd. announced that they will report Q3, 2026 results After-Market on Feb 25, 2026 Announcement • Feb 07
International Battery Metals Ltd. announced that it expects to receive CAD 2.748414 million in funding International Battery Metals Ltd. announced a non-brokered private placement of 26,427,053 units at a price of CAD 0.104 per unit for gross proceeds of CAD 2,748,413.512 on February 6, 2026. The transaction included participation from returning investor EV Metals VII LLC. Each unit will include one common share and one warrant to purchase one common share. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.14 per share for a period of four years from the date of issuance. The offering is expected to close on or around February 23, 2026, pending approval from the TSX Venture Exchange. The Units will be subject to a four-month plus one-day hold period under Canadian securities laws. New Risk • Jan 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$44.3m market cap, or US$32.6m). Announcement • Nov 05
International Battery Metals Ltd. to Report Q2, 2026 Results on Nov 12, 2025 International Battery Metals Ltd. announced that they will report Q2, 2026 results After-Market on Nov 12, 2025 Announcement • Oct 31
International Battery Metals Ltd. announced that it has received CAD 2.8044 million in funding On October 30, 2025. International Battery Metals Ltd. announced that it has closed the transaction. Jacob Warnock acting as acquiror Announcement • Oct 23
International Battery Metals Ltd. announced that it expects to receive CAD 2.8044 million in funding International Battery Metals Ltd. announced a non-brokered private placement of up to 12,464,000 units at a price of CAD 0.225 per unit for gross proceeds of up to CAD 2,804,400 on October 22, 2025. Each unit will consist of one common share and one warrant. The transaction included participation from returning investor EV Metals 7 LLC. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.30 per share for a period of four years from the date of issuance. The offering is expected to close on or around October 30, 2025, pending approval from the TSX Venture Exchange. Under the LOI, IBAT has also agreed to pay Jacob Warnock a structuring fee equal to 5% of the gross proceeds subscribed for by the EV Metals affiliates in connection with the Offering, payable in cash at closing. The securities issued under this Offering will be subject to a four-month plus one-day hold period under Canadian securities laws and will be considered restricted securities under the U.S. Securities Act of 1933. New Risk • Oct 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (149% accrual ratio). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (CA$65.3m market cap, or US$46.8m). Announcement • Oct 01
International Battery Metals Ltd., Annual General Meeting, Dec 17, 2025 International Battery Metals Ltd., Annual General Meeting, Dec 17, 2025. Location: texas, United States Announcement • Aug 22
International Battery Metals Ltd. to Report Q1, 2026 Results on Aug 28, 2025 International Battery Metals Ltd. announced that they will report Q1, 2026 results After-Market on Aug 28, 2025 Announcement • Aug 07
International Battery Metals Ltd. announced that it has received $5.000006 million in funding from Encompass Capital Advisors LLC On August 6, 2025. International Battery Metals Ltd. announced that it has closed the transaction. It has issued 25,765,259 units at a price of $0.19406 for gross proceeds of $5,000,006.16154. New Risk • Aug 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (CA$82.3m market cap, or US$59.9m). Announcement • Jul 23
International Battery Metals Ltd. to Report Q4, 2025 Results on Jul 29, 2025 International Battery Metals Ltd. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2025 Announcement • Jul 22
International Battery Metals Ltd. announced that it expects to receive $2 million in funding from Encompass Capital Advisors LLC International Battery Metals Ltd. announced a non-brokered private placement with returning investor Encompass Capital Advisors LLC for issuance of units for gross proceeds of $2,000,000 on July 21, 2025.Each Unit will consist of one Common Share and one Common Share purchase warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price equal to the Market Price per Warrant Share, until the date which is three years from the date of issuance. The Company expects to close the Offering on or around August 8, 2025, subject to the approval of the TSXV of the Offering. The securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance under
Canadian Securities laws. The offer and sale of the Units were made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and have been sold in a private placement pursuant to Regulation D of the Securities Act. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price equal to the market price per warrant share, until the date which is three years from the date of issuance. At the Closing, the Company has agreed to issue 25,765,258 Units to Encompass at a deemed issue price of approximately $0.19406 for aggregate gross proceeds of $5,000,000, which is based on an issue price of CAD 0.26625 for aggregate gross proceeds of C$6,860,000 using the Bank of Canada $1.00 to CAD exchange rate as of July 18, 2025 of $1.00 to CAD 1.372. The Warrants issuable pursuant to the Closing will entitle the holder to acquire one Warrant Share at an exercise price of CAD 0.355 per Warrant Share for a period of three years from the date of the Closing. In addition, pursuant to the Subscription Agreements, the Company has granted Encompass the right but not the obligation, exercisable by Encompass in its sole discretion, to purchase up to $2,000,000 of additional Units of the Company (the "Additional Investment"). Such right will be exercisable by Encompass at any time on or before December 31, 2025. New Risk • Jun 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$134.9m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (US$881k revenue). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$134.9m market cap, or US$98.8m). Announcement • Jun 03
International Battery Metals Ltd. Appoints Michael Rutledge as Chief Financial Officer International Battery Metals Ltd. announced the appointment of Michael Rutledge to serve as Chief Financial Officer of the Company. Prior to his appointment as Chief Financial Officer, Mr. Rutledge served as interim Chief Financial Officer of the Company since March 6, 2025. Mr. Rutledge, CPA, is a seasoned financial executive with extensive experience as chief financial officer of multiple publicly traded companies across various industries. He has a strong background in corporate finance, SEC reporting, and strategic growth initiatives, including IPOs and M&A. Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Founder, CTO & Chairman John Burba is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (US$881k revenue). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (CA$132.4m market cap, or US$95.5m). New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (47% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (US$881k revenue). Minor Risk Market cap is less than US$100m (CA$108.1m market cap, or US$75.0m). Announcement • Mar 07
International Battery Metals Ltd. Announces CFO Changes International Battery Metals Ltd. announced that the board of directors of the Company has appointed Mr. Michael Rutledge as interim Chief Financial Officer effective immediately. Effective 06 March 2025, 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 extensive experience as chief financial officer of multiple publicly traded companies across various industries. He has a strong background in corporate finance, SEC reporting, and strategic growth initiatives, including IPOs and M&A. The Company has initiated a search for a permanent Chief Financial Officer and has engaged executive search firms to assist in the process. Announcement • Mar 04
International Battery Metals Ltd. announced that it expects to receive CAD 21.6 million in funding International Battery Metals Ltd. announce that it has entered into a binding letter of intent for a non-brokered private placement with new investor EV Metals VII LLC, an insider of the company controlled by Jacob Warnock, a director of the company for issuance of 51,823,416 units at a price of CAD 0.4168 for gross proceeds of CAD 21,599,999.78 on March 3, 2025. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of equal to the market price per warrant share, until the date which is four years from the date of issuance. The transaction will be completed in one or more tranches for a period of 12 months. The company expects to close the first tranche of the offering on or before March 31, 2025. Under the initial closing, the company will issue 26,084,453 units at an issue price of CAD 0.4168 for aggregate gross proceeds of CAD 10,872,000. The warrants issuable pursuant to the initial closing will entitle the holder to acquire one warrant share at an exercise price of CAD 0.51 per warrant share for a period of four years from the date of the initial closing. Announcement • Jan 15
International Battery Metals Ltd. Elects John Burba as the Chair of the Board International Battery Metals Ltd. provided an update on certain general corporate matters. Following the Company's most recent annual general meeting held on October 31, 2024, the Company's board of directors, consisting of John Burba (founder), Jacob Warnock, James Schultz, Keith Solar and John Souther, elected John Burba to act as the Chair of the Board. New Risk • Sep 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$94.6m (US$70.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m (US$246k revenue). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Significant insider selling over the past 3 months (CA$425k sold). Market cap is less than US$100m (CA$94.6m market cap, or US$70.3m). New Risk • Sep 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m (US$246k revenue). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Significant insider selling over the past 3 months (CA$425k sold). Announcement • Aug 28
International Battery Metals Ltd., Annual General Meeting, Oct 31, 2024 International Battery Metals Ltd., Annual General Meeting, Oct 31, 2024. Location: british columbia, vancouver Canada Recent Insider Transactions Derivative • Aug 14
Director exercised options and sold CA$2.7m worth of stock On the 9th of August, Jacob Warnock exercised 3.59m options to receive shares at no cost, then sold 3m of them for an average price of -CA$0.89 per share and kept the remainder. Since March 2024, Jacob's direct individual holding has increased from 21.99m shares to 39.41m. Company insiders have collectively bought CA$3.2m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jul 31
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Jul 08
International Battery Metals Ltd. Announces Chief Executive Officer Changes International Battery Metals Ltd. (IBAT) announced the appointment of Iris Jancik as Chief Executive Officer. Jancik will focus on expanding commercial deployment of IBAT's patented modular direct lithium extraction (DLE) plants. Prior to joining IBAT, Jancik served as CEO - Americas for IDE Technologies, a global water treatment solutions company, where she was responsible for the operations of major infrastructure projects, including San Diego County Water Authority's Carlsbad Desalination Plant in Carlsbad, Calif., as well as other municipal water and wastewater treatment plants. An engineer with extensive global contracting and management experience, she holds an M.B.A. in international business from Texas A&M University. Jancik succeeds Garry Flowers, who joined IBAT for a two-year period, starting as president in July 2022 and then named CEO in December 2022. Flowers is credited with accelerating IBAT's technology to its first commercial phase. New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Announcement • May 08
International Battery Metals Ltd. announced that it has received CAD 14.28584 million in funding On May 6, 2024, International Battery Metals Ltd., closed the transaction. The company issued 18,642,134 units at a price of CAD 0.76632 for the gross proceeds of CAD 14,285,840 in the transaction. Each unit consists of one common share of the company, and one common share purchase warrant, each warrant entitling the holder thereof to acquire one common share for a period of two years from the date of issuance for an exercise price of CAD 0.9579 per common share. The transaction included participation from Jacob Warnock for an aggregate purchase price of CAD 6,072,440. The securities issued under the private placement are subject to a statutory hold period of four months from the date of issuance under Canadian Securities laws and will be restricted securities under the United States Securities Act of 1933. As a part of the transaction, the company will pay CAD 440,512 payable through the issuance of 574,840 common shares with each common share having a deemed issuance price of CAD 0.76632. Announcement • Feb 23
International Battery Metals Ltd. Appoints Jacob Warnock as Director International Battery Metals Ltd. announced that it has appointed Jacob Warnock to the Company's board of directors, effective February 22, 2024. In addition, pursuant to the Investor Rights Agreement, IBAT will grant EV Metals the right to designate one nominee for appointment or election to the board of directors of IBAT, continuing for as long as the EV Metals and its affiliates maintain beneficial ownership of at least 5% of the issued and outstanding Common Shares. The initial nominee of EV Metals is Jacob Warnock. Jacob Warnock is the Founder & CEO of Silver Creek Resources, LLC, a company specializing in mineral and royalty acquisitions of high-growth oil and gas rights within top-tier U.S. basins. As CEO, he has overseen company operations and acquisitions in the Eagle Ford and Haynesville Shale since 2020. A serial entrepreneur, Warnock currently manages 18 companies and has over 20 years of experience establishing and overseeing numerous upstream oil and gas enterprises, along with multiple joint ventures across several US basins. Mr. Warnock's expertise extends to leasing, curative, permitting, surface operations, facility construction, pipelines, negotiations and strategic exits. Warnock formerly served as the Managing Partner of Delago Resources, LLC, a Texas-based upstream oil and gas company primarily focused on the acquisition and development of oil and gas reserves, until 2019 when he was instrumental in the sale of the asset to Marathon Oil for $185 million. New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (43% increase in shares outstanding). Announcement • Jan 29
International Battery Metals Ltd. announced that it expects to receive CAD 20.18595 million in funding International Battery Metals Ltd. announces private placement of 20,185,950 units at an issue price of CAD 1 per unit for gross proceeds of CAD 20,185,950 on January 29, 2024. Each Unit will consist of one common share in the capital of the Company and one transferable common share purchase warrant. Each whole Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at an exercise price of CAD 1.25 per Warrant Share, until the date which is 2 years following the Closing Date. The Company will grant the Agents an option to increase the size of the Offering by up to an additional 15% of the Units sold under the Offering, exercisable in whole or in part, at any time and from time to time up to 48 hours prior to the closing of the Offering. The transaction is subject to the regulatory and Canadian stock exchange approvals. Announcement • Dec 20
International Battery Metals Ltd., Annual General Meeting, Jan 18, 2024 International Battery Metals Ltd., Annual General Meeting, Jan 18, 2024, at 10:00 Pacific Standard Time. Location: Royal Centre Suite 1750 1055 West Georgia Street Vancouver British Columbia Canada Agenda: To receive the audited financial statements of the Company for the fourteen months ended March 31, 2023, and twelve months ended January 31, 2022; to set the number of directors of the Company for the upcoming year at four; to elect the directors of the Company for the upcoming year, as more particularly set forth in the accompanying management proxy and information circular dated December 15, 2023, prepared for the purpose of the Meeting; to re-appoint Crowe MacKay LLP as auditors of the Company until the next annual meeting of the Company and to authorize the directors of the Company to fix their remuneration; and to consider other matters. Announcement • Dec 08
International Battery Metals Ltd. announced that it has received CAD 1.140887 million in funding On December 8, 2023, International Battery Metals Ltd., closed the transaction. The company issued 1,629,838 units at a price of CAD 0.70 per unit for the gross proceeds of CAD 1,140,886. Announcement • Sep 16
International Battery Metals Ltd., Annual General Meeting, Nov 16, 2023 International Battery Metals Ltd., Annual General Meeting, Nov 16, 2023. New Risk • Aug 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$13m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (48% increase in shares outstanding). Announcement • Jun 21
International Battery Metals Ltd. Appoints Rita Adiani to its Advisory Board International Battery Metals Ltd. has appointed Rita Adiani to its advisory board. Adiani has significant experience in capital raising, M&A and resource & energy transition technology integration. She has worked for nearly two decades as a senior-level executive in the resource industry spanning roles in corporates, private equity, investment banking and corporate law. Adiani serves as Senior Vice President, for strategy & corporate development at Arizona Sonoran Copper Company and continues to serve on the board of Brixton Metals of Vancouver. Adiani has also served as Executive Vice President at Xiana Mining; and as Managing Director, Head of Metals and Mining at NRG Capital Partners in London. She is admitted to practice as a solicitor of the Supreme Court of England and Wales (currently non-practicing). She has also served as senior Corporate Finance Manager for La Mancha Resources. She practiced corporate law at Linklaters LLP in London and Dubai from 2002-2006 and is a law graduate from the University of Oxford and the University of Sheffield. Adiani also has a Certificate in Mining Studies – Mining Engineering from the University of British Columbia and a CFA in ESG Investing from the CFA Institute UK. Announcement • Dec 03
International Battery Metals Appoints Garry Flowers CEO International Battery Metals Ltd. announced the appointment of Garry Flowers as Chief Executive Officer. Mr. Flowers succeeds IBAT founder Dr. John Burba, who remains Executive Chairman as well as becoming Director of Global Technology and will focus on the deployment of IBAT's lithium extraction plants as well as the expansion of IBAT's family of patents, and technology development including lithium processing. Mr. Flowers has served as IBAT's President since June, 2022 and as a member of the Company's advisory board since April, 2021. IBAT has achieved remarkable progress over the past 10 months, advancing from the assembly of its first-ever modular direct lithium extraction (MDLE) plant in March, 2022, to full systems testing in April and to extracting lithium chloride (LiCl) from brine in mid-May. In September, SLR Consulting, a global leader in environmental and engineering services, completed an independent review and verification of IBAT's technology. Prior to joining IBAT, Mr. Flowers served as Executive Vice President of Operations and oversaw a combined global workforce of 10,000 people for Fluor Corporation, a global leader in engineering, construction and project management. Previously, as President and CEO of Savannah River Nuclear Solutions -- a subsidiary of Fluor, Northrup Grumman and Honeywell -- Mr. Flowers managed a $3 billion annual contract and a total headcount of 9,000. Mr. Flowers brings proven expertise in engineering design construction, sustainable development, construction technology, field human resources, performance management and cost control. As Director of Global Technology, Dr. Burba will be responsible for the deployment of IBAT's commercial-scale modular plants. As currently configured, IBAT's first mobile lithium extraction plant has the potential to produce 5,000 metric tons of commercial-grade lithium chloride per year, on a lithium carbonate equivalent basis. Its economical, modular design allows the technology to be deployed more rapidly and at far lower capex, than traditional lithium processing methods. Further, the modular design allows for IBAT's technology to be scaled up quickly to extract lithium from the world's largest resources. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO John Burba is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 28
International Battery Metals Ltd. Announces SLR International Corporation Validates World's First Modular, Mobile Lithium Extraction Technology International Battery Metals Ltd. announced that SLR International Corporation (SLR) has completed its independent review of IBAT's first-of-its-kind modular, mobile lithium extraction plant and verified the patented technology extracts more than 65% of available lithium from brine, effectively strips out impurities and recycles and reuses more than 94% of water. The modular direct lithium extraction (MDLE) plant located in Lake Charles, Louisiana, has been flow-testing lithium-bearing brine since early May 2022, and extracting lithium chloride (LiCl) since mid-May, making IBAT the first company globally to successfully operate a commercial-scale mobile lithium extractionplant. The third-party independent review also confirmed the robust modular design of the plant and ease of transportation and relocation, which could allow access and a means to capitalize on a more diverse range of lithium-bearing brine resources globally, including smaller sites in varied terrain - such as those in the US - that are currently considered uneconomical due to the current, dominant extraction technologies. Further, with its highly efficient capture of impurities and reinjection of brine back into the original resource, coupled with water recycling, IBAT's sustainable environmental performance enables the creation of a thriving, clean lithium extraction industry in North America and around the world. The SLR review assessed and confirmed: the modularity and mobility of the plant design; the ability to extract lithium, including: lithium extraction from the source lithium-bearing brine recovery of quality lithium chloride (LiCl) from the absorbent; efficiency of impurity rejection; performance consistency through multiple cycles, and water recovery determined from water balance calculation. As configured, the Plant is designed to produce 5,738 tonnes LiCl per year, or 5,000 tonnes lithium carbonate equivalent per year from a brine with a lithium concentration of 1,800 parts per million (ppm) of lithium. SLR's operational review consisted of observation of continuous processing of a brine, containing 300 ppm of lithium, through the plant and monitoring the solution chemistry by sampling at regular intervals to determine the performance of the processequipment and the absorption media through three loading and elution (extraction with a solvent) cycles. The brine was sourced in the U.S. and delivered in significant volume to the plant via tanker truck. In the first phase of extraction from the raw brine, SLR found that "lithium extraction for the three cycles ranged from 72.6% Li to 87.5% Li with an average extraction of 81% Li." In the second phase, which recovers the lithium from the absorbent material to develop commercial-grade lithium chloride and lithium carbonate, recovery "ranged from 58.3% Li to 89.0% Li with an average of 68.8% Li." This is significantly higher than the industry-wide average of 50% for evaporative lithium processing, based on data from the National Renewable Energy Agency (NREL), a laboratory of the US Department of Energy. An important part of IBAT's MDLE process is the selectivity of the absorbent, which strips out the lithium but leaves other naturally occurring elements in the brine, which allows the brine to be reintroduced into the environment, vastly reducing the overall environmental impact. Recent Insider Transactions • Jul 22
Independent Director recently bought CA$66k worth of stock On the 15th of July, William Webster bought around 30k shares on-market at roughly CA$2.21 per share. In the last 3 months, they made an even bigger purchase worth CA$98k. Despite this recent purchase, insiders have collectively sold CA$607k more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 30
Independent Director recently bought CA$98k worth of stock On the 27th of June, William Webster bought around 33k shares on-market at roughly CA$2.96 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$688k more in shares than they bought in the last 12 months. Announcement • Jun 22
International Battery Metals Ltd. Announces Management Changes International Battery Metals Ltd. announced that it has appointed Garry W. Flowers as President, effective July 11, 2022. Mr. Flowers, who has served on IBAT's advisory board since April 2021, will take over the role from Mr. Tony Colletti, who was appointed interim President of the Company in March 2022. Mr. Colletti will continue to serve on IBAT's Board of Directors. Mr. Flowers previously served as Executive Vice President of Operations for Fluor Corporation, where he held numerous leadership positions since joining the company in 1978. Mr. Flowers brings proven expertise in engineering design construction, sustainable development, construction technology, field human resources, performance management and cost control. As EVP of Operations at Fluor since 2016, Flowers was responsible for construction and fabrication, health, safety and environment, corporate security and investigations, industrial relations, corporate supply chain, and corporate risk. Among the many senior roles Mr. Flowers has had at Fluor, from 2012 to 2014, he served as Group President of the company's Global Services segment. Mr. Flowers also served as President and Chief Executive Officer of Savannah River Nuclear Solutions, LLC. Mr. Flowers is a graduate of Furman University in South Carolina, where he earned a bachelor's degree in political science. Active in a variety of civic and professional organizations, he is a past member of the Executive Council of the U.S. Department of State, Overseas Security Advisory Council (OSAC) and he is a past director on the board of the South Carolina Manufacturers Alliance. He resides with his wife in Isle of Palms, South Carolina. Announcement • May 13
International Battery Metals Ltd. Announces Successful Completion of Systems and Safety Tests for Modular, Mobile Lithium Plant International Battery Metals Ltd. announced the successful completion of systems and safety testing for the world's first commercial-scale mobile lithium extraction plant. The modular plant will now begin flow-testing with lithium-bearing brine, which has been sourced in the U.S. and is being delivered in significant volume via tanker truck. Once the efficacy and safety of the flow tests have been confirmed, International Battery Metals will begin extracting lithium chloride (LiCl). The company expects extraction to begin in the coming days, becoming the first company globally to successfully operate a commercial-scale mobile lithium extraction plant. The unique modular design of the company's lithium extraction plant allows for rapid deployment and swift onsite assembly. The plant, located in Lake Charles, LA, was assembled in 10 days by a crew of nine workers and has the potential to produce 5,000 metric tons of commercial-grade lithium chloride (LiCl), on a lithium carbonate equivalent basis, each year. Thanks to its modular design, this same plant also has the potential to be expanded to produce up to 20,000 metric tons of LiCl per year, based on the capacity and unique composition of the brine resource. The Lake Charles plant completed a full range of Factory Acceptance Tests (FAT), which evaluated the equipment during and after the assembly process by verifying that it is built and operating in accordance with all design specifications. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO John Burba is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
International Battery Metals Ltd., Annual General Meeting, Jun 21, 2022 International Battery Metals Ltd., Annual General Meeting, Jun 21, 2022. Agenda: Annual General Meeting. Recent Insider Transactions • Apr 14
Chief Financial Officer recently sold CA$159k worth of stock On the 11th of April, Logan Anderson sold around 25k shares on-market at roughly CA$6.34 per share. In the last 3 months, they made an even bigger sale worth CA$335k. Logan has been a seller over the last 12 months, reducing personal holdings by CA$809k. Recent Insider Transactions • Apr 08
Chief Financial Officer recently sold CA$126k worth of stock On the 4th of April, Logan Anderson sold around 18k shares on-market at roughly CA$7.18 per share. In the last 3 months, they made an even bigger sale worth CA$335k. Logan has been a seller over the last 12 months, reducing personal holdings by CA$650k. Board Change • Apr 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO John Burba is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 06
International Battery Metals Ltd. Announces Management Changes International Battery Metals Ltd. announced the appointment of Ms. Maria Echaveste, Mr. Foy Wyman Morgan, and Mr. William Webster, to the board of directors of the company, to serve as independent directors. These appointments remain subject to the approval of the Canadian Securities Exchange. Maria Echaveste, President and the Chief Executive Officer of The Opportunity Institute, brings with her a distinguished career spanning in senior leadership roles within the White House under the Clinton and Obama Administrations, directing programming and social policy at U.C. Berkeley, and co-founding a D.C.-based strategic and policy consulting group, NVG. Currently, Ms. Echaveste serves on the board of directors of UCSF-Benioff Oakland Children's Hospital, MiFamilia Vota, and Level Playing Field Institute. Ms. Echaveste received a B.A. in Anthropology from Stanford University and a J.D. from U.C. Berkeley. Foy Wyman Morgan, Ph.D., President of Strategic Technology Resources, LLC, and Senior Vice President of Infinity Resources, LLC is an established executive with corporate and consulting experience in developing biopharmaceuticals, specialty chemicals, and minerals. During his tenure at FMC Corporation, Mr. Morgan led the development and implementation of breakthrough technology in selective absorption, to produce lithium chloride from a brine source in Argentina. William M. Webster, IV is an American business leader and entrepreneur who has served in the highest levels of government under the Bush and Clinton Administrations, sits on numerous corporate and not-for profit governing boards, and is active in community and philanthropic endeavors. Mr. Webster is currently an Adjunct Professor of health care policy at Wofford College and serves on the Board of Directors of companies listed on both the New York Stock Exchange and NASDAQ. In addition, Mr. Tony Colletti, who joined the IBAT's Board of Directors on May 12, 2021, has been appointed to serve as interim President of the Company, and Mr. Logan Anderson, has stepped down as a director, but will continue to act as the Company's Chief Financial Officer. Dr. John Burba remains the Company's Chief Executive Officer and the Chairman of the Board. Messrs. David Ryan and Rodger Cree, have also stepped down as directors and the Company would like to thank them for their dedication and support as the Company has advanced its mobile lithium extraction unit towards commercialization. Announcement • Feb 25
International Battery Metals Ltd. announced that it has received CAD 12.766665 million in funding International Battery Metals Ltd. announced that it has received a private placement of 3,333,333 units at a price of CAD 3.83 per unit for gross proceeds of up to CAD 12,766,665 on February 24, 2022. Each unit is comprised of one common share and one share purchase warrant. Each warrant is exercisable into one common share of the company at an exercise price at CAD 3.83 per share for a period of two years from the date of issue. Announcement • Dec 22
International Battery Metals Ltd. Receives Notice of Allowance for Its Mobile Lithium Extraction Patent Application from the United States Patent Office International Battery Metals Ltd. announced that it has received a notice of allowance for its mobile lithium extraction patent application from the United States Patent Office. This is a key patent for the Company and the Company is in the process of prosecuting additional patents to reinforce and protect its proprietary technology. IBAT is an advanced technology company focused on lithium brine extraction. The company is applying its intellectual property into the current building of its first mobile lithium extraction unit. Announcement • May 27
The Two Former Employees of the Company Files an Action Against International Battery Metals Ltd. in United States Federal Court for Alleged Wrongful Dismissal and Breach of the Share Exchange Agreement Recently, two former employees of the company filed an action against International Battery Metals Ltd. in United States federal court for alleged wrongful dismissal and breach of the Share Exchange Agreement ("Exchange Agreement",). The employees were dismissed for cause, and accordingly, the Company believes that the allegations set forth in the complaint are not material and are without merit. The Company intends to vigorously defend the suit. The Plaintiffs are also seeking the issuance of additional shares under the terms of the Exchange Agreement in respect of subsequent patents filed by the Company. All Company obligations to issue the shares have previously been fully disclosed by the Company in its public filings. The Company intends to honor any obligation to issue shares once all relevant parties have performed all triggering obligations, without challenge. The Company has become aware of certain rumors and accusations circulating on the internet against Dr. Burba and the Company concerning its rights to certain patents and technology. After careful review of the patent applications, the inventorship issues and the applications' assignment history, the Company is convinced that the inventorship and field of use of IBAT's patent portfolio is not in jeopardy as has been falsely reported on the Internet. Recent Insider Transactions • Mar 11
CFO & Director recently sold CA$52k worth of stock On the 9th of March, Logan Anderson sold around 60k shares on-market at roughly CA$0.86 per share. This was the largest sale by an insider in the last 3 months. Logan has been a seller over the last 12 months, reducing personal holdings by CA$60k. Announcement • Feb 10
International Battery Metals Ltd. announced that it expects to receive CAD 10.005 million in funding from Sorcia Minerals LLC, EVL Holdings, LLC International Battery Metals Ltd. (CNSX:IBAT) announced a private placement of up to 17,250,000 units at an issue price of CAD 0.58 per unit for gross proceeds of CAD 10,005,000 on February 9, 2021. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable to purchase an additional common share at a fixed price of CAD 0.58 per share for a period of 2 years from the date of closing. The transaction will include participation from returning investors Sorcia Minerals LLC and EVL Holdings, LLC, with each subscribing to 50% of the transaction. The transaction is subject to approval of minority shareholders. The transaction is expected to close within 5 working days after receiving shareholder approval. All securities issued in the transaction have a hold period of four months. The transaction has been approved by the directors. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.68 The company is up 423% from its price of CA$0.13 on 09 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: CA$0.31 The company is up 226% from its price of CA$0.095 on 23 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: CA$0.23 The company is up 207% from its price of CA$0.075 on 02 September 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 12% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: CA$0.21 The company is up 147% from its price of CA$0.085 on 27 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: CA$0.20 The company is up 141% from its price of CA$0.085 on 24 August 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 13% over the same period. Announcement • Nov 03
International Battery Metals Ltd. announced that it expects to receive CAD 2.5 million in funding International Battery Metals Ltd. (CNSX:IBAT) announced a private placement of 25,000,000 common shares at a price of CAD 0.10 for proceeds of CAD 2,500,000 on November 2, 2020. The securities issued will be subject to a statutory hold period of four months from the date of issuance. Announcement • Sep 04
International Battery Metals Ltd. announced that it expects to receive CAD 2.5 million in funding from Sorcia Minerals LLC International Battery Metals Ltd. (CNSX:IBAT) announced it has approved a private placement of 25,000,000 common shares at a price of CAD 0.10 for proceeds of CAD 2,500,000 on September 3, 2020. The transaction involves participation from Sorcia Minerals LLC. The company's board of directors have approved the transaction. The transaction is subject to regulatory approval. Announcement • Jun 28
International Battery Metals Ltd. Auditor Raises 'Going Concern' Doubt International Battery Metals Ltd. filed its Annual on Jun 25, 2020 for the period ending Jan 31, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Jun 19
International Battery Metals Ltd. announced that it expects to receive CAD 0.06 million in funding International Battery Metals Ltd. (CNSX:IBAT) announced it has approved a private placement of 600,000 units at a price of CAD 0.10 per unit for total proceeds of CAD 60,000. Each unit will consist of one common share of the Company and one non-transferable share purchase warrant. Each warrant will be exercisable to purchase an additional common share at a price of CAD 0.10 per share for a period of three years from closing of the transaction. The transaction included participation from the officers. 