CNSX:IBAT

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF STRATEGIC PRIVATE PLACEMENT

Retrieved on: 
Tuesday, May 7, 2024
USD, Indian stock exchange, DLE, Common, Private, Multilateral, EV, CAD, Minority, Metal, The Company, Private placement, Security (finance)

VANCOUVER, BC, and HOUSTON, May 6, 2024 /PRNewswire/ - International Battery Metals Ltd. (the "Company"), is pleased to announce that it has closed its previously announced non- brokered private placement financing (the "Private Placement").

Key Points: 
  • VANCOUVER, BC, and HOUSTON, May 6, 2024 /PRNewswire/ - International Battery Metals Ltd. (the "Company"), is pleased to announce that it has closed its previously announced non- brokered private placement financing (the "Private Placement").
  • In connection with the Private Placement, the Company extended the expiry of 6,396,999 previously issued Common Share purchase warrants from April 21, 2025, to May 3, 2026.
  • The Company further intends to complete additional private placement financings of up to USD$13,564,000 million on similar terms of the Private Placement.
  • In connection with the Private Placement, EV Metals acquired 7,924,157 Units for gross proceeds of USD$4,436,000 (approximately CAD$6,072,440), representing approximately 42.51% of the aggregate proceeds raised by the Company in the Private Placement.

International Battery Metals (IBAT) and US Magnesium Sign Agreement to Install World's First Modular Direct Lithium Extraction (DLE) Plant

Retrieved on: 
Monday, May 6, 2024
Lithium chloride, Renco Group, IBAT, DLE, Lithium, Water resources, Electricity, Engineering, Smackover Formation, Modularity

"Our commercial operations with US Mag will advance a productive lithium extraction operation," said Garry Flowers, IBAT CEO.

Key Points: 
  • "Our commercial operations with US Mag will advance a productive lithium extraction operation," said Garry Flowers, IBAT CEO.
  • IBAT's first-of-its-kind patented modular, mobile lithium extraction plant also has been independently verified to extract more than 97% of available lithium from brine.
  • "International Battery Metals' patented Modular Extraction Technology will be the basis of future lithium extraction from brine resources around the world.
  • The agreement provides IBAT with royalties from US Mag based on lithium sales, as well as payments for equipment operations based on lithium prices and performance.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES STRATEGIC PRIVATE PLACEMENT AND CORPORATE UPDATE

Retrieved on: 
Friday, April 26, 2024
USD, Indian stock exchange, DLE, Private, BMO Capital Markets, Multilateral, EV, CAD, Minority, Metal, Private placement, Security (finance)

In connection with the Private Placement, the Company has agreed to extend the expiry of 6,396,999 previously issued warrants from April 21, 2025, to the date which is 24 months from the date of closing the Private Placement.

Key Points: 
  • In connection with the Private Placement, the Company has agreed to extend the expiry of 6,396,999 previously issued warrants from April 21, 2025, to the date which is 24 months from the date of closing the Private Placement.
  • The Company has granted customary registration rights to the investors in the Private Placement.
  • The Company further intends to complete additional private placement financing of up to USD$15.8 Million, which may be completed on similar terms of the Private Placement.
  • EV Metals VI LLC, a private company controlled by Jacob Warnock, a director of the Company, or an affiliated company (collectively, "EV Metals"), will participate in the Private Placement to acquire a minimum of 3,846,913 Units for gross proceeds of at least USD $2.2 million.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES THE SIGNING OF A TERM SHEET FOR OUR MODULAR DIRECT LITHIUM EXTRACTION PLANT WITH A CUSTOMER

Retrieved on: 
Thursday, January 11, 2024
Customer, Water, Lithium, IBAT, Mineral, Cost sharing, United, Metal, The Company

VANCOUVER, BC, AND HOUSTON, Jan. 11, 2024 /PRNewswire/ - International Battery Metals Ltd. (the "Company") (CSE: IBAT), is pleased to announce the signing of a term sheet for deployment of our modular direct lithium extraction plant (the "MDLE Plant") with a customer (the "Customer") in the western United States.

Key Points: 
  • VANCOUVER, BC, AND HOUSTON, Jan. 11, 2024 /PRNewswire/ - International Battery Metals Ltd. (the "Company") (CSE: IBAT), is pleased to announce the signing of a term sheet for deployment of our modular direct lithium extraction plant (the "MDLE Plant") with a customer (the "Customer") in the western United States.
  • The Customer is a significant producer of metals and minerals including the production of battery grade lithium carbonate.
  • The term sheet provides for mobilization fees and cost sharing arrangements for the commissioning and optimization of the MDLE Plant.
  • Once the MDLE Plant is operational, the MDLE Plant will be optimized to increase its production capacity.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Retrieved on: 
Friday, December 29, 2023
Private, Indian stock exchange, Private placement, CAD, Unit, Minority, The Company, Security (finance)

The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.

Key Points: 
  • The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.
  • "We are pleased to announce the second closing of the Private Placement which, as previously announced, had been re-opened due to investor demand.
  • Garry Flowers, Co-Chief Executive Officer, commented on the Private Placement.
  • Accordingly, the Private Placement is a related party transaction pursuant to MI 61-101.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES PRIVATE PLACEMENT AND SHARES FOR SERVICES ISSUANCES

Retrieved on: 
Thursday, December 21, 2023
Private, Share, Indian stock exchange, Private placement, CAD, Transaction, USD, Minority, The Company, Unit, Security (finance)

Each Warrant will permit the holder to acquire one additional Common Share at a price of $0.82 for a period of 24 months from closing of the Private Placement.

Key Points: 
  • Each Warrant will permit the holder to acquire one additional Common Share at a price of $0.82 for a period of 24 months from closing of the Private Placement.
  • The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.
  • The Company expects that an officer of the Company will purchase Units under the Private Placement.
  • Accordingly, each of the Private Placement, Share Settlements and Bonus Payments (together, the "Transactions") are related party transactions pursuant to MI 61-101.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES LIBOR MICHEL AS CO-CEO AND DOUG SMITH AS CFO

Retrieved on: 
Monday, December 11, 2023
Suite, Acquisition, CSE, Interim, CFO, The Company, Jefferies, Insurance, Stifel, Trade in Services Agreement, IBAT, Growth, Lithium, Lowe's Global Technology Center, Transport, Restaurant, Management, Security (finance)

Mr. Michel joins us after a successful investment banking career at Stifel and Jefferies in their Houston offices.

Key Points: 
  • Mr. Michel joins us after a successful investment banking career at Stifel and Jefferies in their Houston offices.
  • Mr. Michel's primary focus will be corporate development and capital markets activity funding the commercialization of the Company's industry leading technologies.
  • Mr. Smith will be responsible for the accounting, audit, tax and financing plans as we mobilize the Company's production facilities.
  • Doug walks in day 1 as a seasoned CFO, with great agility, and adding bench strength to our senior leadership team," said Mr.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES PRIVATE PLACEMENT, TSXV LISTING APPLICATION, AND BOARD CHANGES

Retrieved on: 
Friday, December 1, 2023
Canadian Securities Exchange, Indian stock exchange, TSX Venture Exchange, Minority, Private placement, CSE, CAD, Unit, USD, Placement, Private, DLE, The Company, Security (finance), Audit

The Private Placement is expected to close on December 8, 2023, but may close in more than one tranche.

Key Points: 
  • The Private Placement is expected to close on December 8, 2023, but may close in more than one tranche.
  • The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.
  • The Company expects that officers and directors of the Company, namely Garry Flowers, Daniel Christie and John Burba, will purchase Units under the Private Placement.
  • Completion of the Private Placement is subject to regulatory approval including, but not limited to, the approval of the Canadian Securities Exchange.

INTERNATIONAL BATTERY METALS LTD ANNOUNCES ENGAGEMENT OF NOVAK DRUCE CARROLL, LLP

Retrieved on: 
Friday, September 22, 2023
Lithium, LLP, Intellectual property, Canadian Securities Exchange, CAD, USD, The Company, Accounting

VANCOUVER, BC and HOUSTON, Sept. 21, 2023 /PRNewswire/ - International Battery Metals Ltd. (the "Company" ) is pleased to announce that it has entered into an engagement agreement with Novak Druce Carroll, LLP, ("Novak LLP") (the "Engagement Agreement").

Key Points: 
  • VANCOUVER, BC and HOUSTON, Sept. 21, 2023 /PRNewswire/ - International Battery Metals Ltd. (the "Company" ) is pleased to announce that it has entered into an engagement agreement with Novak Druce Carroll, LLP, ("Novak LLP") (the "Engagement Agreement").
  • Novak LLP is a law firm operating out of the State of Texas, which offers unique services related to intellectual property and patent protection.
  • Pursuant to the terms of the Engagement Agreement, Novak LLP will assist the Company with the further development and enhancement of its intellectual property and patented protected Modular Direct Lithium Extraction unit.
  • In accordance with the Share Issuance, the Company is also filing with the Canadian Securities Exchange a Form 9 – Notice of Proposed Issuance.

FILING OF ANNUAL INFORMATION FORM AND LETTER TO SHAREHOLDERS

Retrieved on: 
Tuesday, September 5, 2023
Lithium, Disclosure, Letter, British Columbia Securities Commission, Shareholder

The filing of the AIF is due in part to the Company's ongoing development of its Module Direct Lithium Extraction Unit, as well as the Company's ongoing strive to ensure it maintains the highest disclosure standards.

Key Points: 
  • The filing of the AIF is due in part to the Company's ongoing development of its Module Direct Lithium Extraction Unit, as well as the Company's ongoing strive to ensure it maintains the highest disclosure standards.
  • In addition to the filing of the AIF, the Company would also like to advise that it has posted on its website a letter from Garry Flowers, the Company's Chief Executive Officer, addressed to shareholders of the Company (the "Shareholder Letter").
  • The Shareholder Letter provides readers with a general overview of the Company's development over the course of the 2023 fiscal year, as well as a general outlook of the Company for the upcoming months.
  • A copy of the Shareholder Letter can be found on the Company's website located at www.ibatterymetals.com .