International Ba Stock Price, News & Analysis

International Battery Metals (TSXV: IBAT) has appointed Joseph A. Mills as its new Chief Executive Officer and board member, effective April 7, 2025. Mills brings over 40 years of experience in oil & gas upstream, midstream, and mineral businesses, with a track record of leading three public companies and two private exploration & production companies.

Mills holds an MBA in Finance from the University of Houston and a BBA in Petroleum Land Management from the University of Texas. He succeeds Iris Jancik, who had served as CEO since August 2024.

The new CEO expressed enthusiasm about joining IBAT, emphasizing the company's potential, strong foundation, and talented team. John Burba, Chairman of the Board, highlighted Mills' experience, strategic vision, and leadership capabilities as key factors in driving the company's next growth phase.

International Battery Metals (IBAT) has announced a significant management change, with Michael Rutledge appointed as interim Chief Financial Officer, effective immediately. Rutledge, a CPA with extensive experience as CFO of multiple publicly traded companies, replaces Doug Smith, who had served as CFO since December 11, 2023.

Rutledge brings strong expertise in corporate finance, SEC reporting, and strategic growth initiatives, including IPOs and M&A. The company has initiated a search for a permanent CFO and has engaged executive search firms to assist in the process.

International Battery Metals (IBAT) has announced several corporate updates. Following their October 31, 2024 annual general meeting, John Burba was elected as Board Chair. The Board approved granting 2,705,630 restricted share units (RSUs) to directors, with each receiving 541,126 RSUs that vest after one year.

New CEO Iris Jancik, who started on August 20, 2024, received 2,113,814 options exercisable at C$0.94 per share over ten years, with staggered vesting periods. She was also granted 4,227,630 RSUs, with 300,000 vesting immediately and the remainder tied to specific milestones.

IBAT specializes in environmentally responsible lithium extraction from brine through its patented modular direct lithium extraction plant (MDLE Plant), designed for rapid deployment and cost-effective operation.

International Battery Metals (IBAT) has announced its transition from the Canadian Securities Exchange (CSE) to the TSX Venture Exchange (TSXV). The company's common shares are set to begin trading on the TSXV on Monday, October 7, 2024, while delisting from the CSE is expected to occur at the close of market on Friday, October 4, 2024.

IBAT has confirmed that its trading symbol will remain unchanged as 'IBAT'. Importantly, shareholders will not need to take any action regarding this exchange transition. This move represents a significant step for the company, potentially offering increased visibility and trading opportunities on the TSXV platform.

International Battery Metals (IBATF) has appointed Marcum LLP as its new independent auditor, effective July 2, 2024, following the resignation of Crowe MacKay LLP on July 5, 2024. The change was not due to disagreements over accounting principles or practices. The company's board and audit committee approved the new appointment.

Additionally, the company will switch from International Financial Reporting Standards (IFRS) to United States Generally Accepted Accounting Principles (US GAAP) for its financial statements starting with the year ending March 31, 2024. Previous financial data will be restated to comply with US GAAP. This change aligns with the company's intentions to register its common equity under the United States Securities Exchange Act of 1934.

International Battery Metals (IBATF) has completed a significant private placement. The company issued 11,478,246 units at a price of CAD$0.76632 per unit, raising USD$6,430,772 (approx. CAD$8,796,010). Each unit includes one common share and one purchase warrant, allowing the holder to buy one common share for CAD$0.9579 within two years. Major participants were EV Metals VI and Encompass Capital Advisors A structuring fee of USD$237,500 was paid to EV Metals via 423,912 common shares. The funds will enhance the production capacity of the company's modular direct lithium extraction plant in the western US and provide general working capital. Securities from this placement are subject to a four-month hold period under Canadian law and are restricted under US law.

On May 31, 2024, International Battery Metals announced a subsequent closing of its strategic private placement. The company will issue at least 8,478,246 units at CAD$0.76632 per unit, raising approximately CAD$6,497,050 (USD$4.75 million). Each unit includes one common share and one common share purchase warrant, with warrants exercisable at CAD$0.9579 for two years. EV Metals VI , controlled by company director Jacob Warnock, will participate, and receive a structuring fee of USD$237,500 in common shares. Proceeds will fund the expansion of a lithium extraction plant in the western U.S. and general capital needs. The placement is subject to a statutory hold period of four months. The deal qualifies as a 'related party transaction' but meets exemptions under MI 61-101.

International Battery Metals has closed a strategic private placement, issuing 18,642,134 units with proceeds of USD$10,436,000. The company will use the funds for its modular direct lithium extraction plant and general working capital. EV Metals VI , a private company, received a structuring fee in connection with the placement. The company plans to complete additional private placements totaling up to USD$13,564,000. The participation of EV Metals constitutes a related party transaction. The company is focused on environmentally responsible lithium extraction methods and has patented a modular DLE plant.