Welcome to our dedicated page for INTERNATIONAL BAT MET ORD news (Ticker: $IBATF), a resource for investors and traders seeking the latest updates and insights on INTERNATIONAL BAT MET ORD stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect INTERNATIONAL BAT MET ORD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of INTERNATIONAL BAT MET ORD's position in the market.
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.
International Battery Metals announces a strategic private placement financing of up to 14,338,494 units at CAD$0.784 per unit, generating USD $8.2 million (CAD $11,241,380) in gross proceeds. The company will use the funds for its modular direct lithium extraction plant and general working capital purposes. Additionally, the company plans to complete another private placement of up to USD$15.8 million. Libor Michel has ceased to be CEO, with Garry Flowers resuming as sole CEO. The company will not proceed with a previously announced private placement offering. EV Metals VI , controlled by a director of the company, will participate in the private placement. The company's direct lithium extraction technology focuses on advanced extraction of lithium chloride with minimal environmental impact.
