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International Battery Metals Ltd. develops modular direct lithium extraction systems for lithium chloride recovery from groundwater salt brine and produced water deposits. The company’s technology uses proprietary lithium extraction media in patented extraction columns housed in transportable, skid-mounted platforms.
News about IBATF commonly covers commercialization of its DLE systems, financial and operational results, brine-testing service activity, customer engagement, proposal development and investor presentations. Company updates also include private placement financings involving common-share and warrant units, capital-structure matters, governance changes and corporate development activity.
International Battery Metals (OTCQB:IBATF) reported first quarter fiscal 2027 results for the period ended June 30, 2026, highlighted by continued commercial positioning of its modular direct lithium extraction (DLE) technology and active brine testing with prospective customers in the United States, the Middle East and Argentina.
Revenue rose to $120 thousand from $7 thousand, driven by service revenue from brine testing. Operating costs excluding depreciation declined to $0.4 million from $0.6 million, and selling, general and administrative expenses excluding depreciation fell to $1.8 million from $2.3 million, narrowing the operating loss to $2.9 million from $3.6 million.
A non-cash gain of $2.9 million on the change in fair value of warrant liability, versus $5.3 million a year earlier, resulted in a small net loss of $28 thousand, or $0.00 per share, compared with net income of $1.7 million, or $0.01 per share, in the prior-year quarter. Cash was $9.4 million, total assets $39.2 million and shareholders’ equity $28.6 million. The company is actively pursuing deployment opportunities for its existing modular DLE plant, particularly in the Smackover region and the Middle East, and will host an earnings call on August 13, 2026.
International Battery Metals (OTCQB: IBATF) announced the appointment of Scott Colangelo to its Board of Directors, effective August 11, 2026. Colangelo is Chairman, Managing Partner and Co-Founder of Prime Capital Investment Advisors and Managing Director of Qualified Plan Advisors, bringing over 25 years of financial services experience.
According to International Battery Metals, his background spans wealth management, retirement plan consulting, fiduciary advisory, executive leadership and corporate strategy. The company develops proprietary modular direct lithium extraction systems designed to efficiently extract lithium chloride from groundwater brine and produced water with a focus on minimizing environmental impact.
International Battery Metals (OTCQB:IBATF) will host a conference call and webcast on Thursday, August 13, 2026 at 11:00 a.m. Eastern Time to discuss its first quarter fiscal 2027 financial and operational results for the period ended June 30, 2026.
The company plans to release its results before the market opens that day and post them on its investor website. Investors can join via toll-free dial-in in North America at +1 (800) 715-9871, international at +1 (646) 307-1963, using Conference Call ID 1630864, or via webcast at https://app.webinar.net/d3e8yX6Wrnx. A replay will be available until 11:59 p.m. CST on August 27, 2026 by phone with the same Conference Call ID. Management will host a live Q&A, and shareholders are encouraged to email questions to IBAT@haydenir.com by 5:00 p.m. Eastern Time on August 10, 2026.
International Battery Metals (OTCQB:IBATF, TSXV:IBAT) appointed Senior Vice President of Corporate Development Garrett Galloway as Interim Chief Executive Officer, effective immediately. The move follows the resignation of Joseph Mills as CEO and director, effective July 21, 2026, to focus on personal interests.
According to International Battery Metals, Mills will serve in an advisory role and remain available through September 19, 2026 to support an orderly leadership transition. Chairman John Burba said the company continues to pursue project opportunities in the Smackover region, the Middle East, and to evaluate projects across North and South America, with strategic priorities remaining unchanged.
Galloway has served as Senior Vice President of Corporate Development since May 2025 and has over 15 years of energy industry experience, including finance, M&A, complex transactions, and capital markets roles. IBAT develops modular, transportable direct lithium extraction (DLE) systems using patented extraction media and columns aimed at efficiently extracting lithium chloride from brine and produced water while targeting minimal environmental impact.
International Battery Metals (OTCQB:IBATF) announced a change of auditor, dismissing CBIZ CPAs P.C. and appointing Grant Thornton LLP effective June 24, 2026, until the next annual shareholder meeting.
The company previously reported a material weakness in internal controls over capital asset capitalization for fiscal 2025, which it reports was remediated during fiscal 2026. No modified audit opinions or other reportable events were identified. Required change-of-auditor notices and response letters will be filed on SEDAR+.
International Battery Metals (OTCQB:IBATF) granted 740,524 restricted share units (RSUs) to Norma Garcia, General Counsel and Corporate Secretary. The RSUs vest in equal annual installments over three years and settle into common shares once vested, under the company’s equity compensation plan and TSX Venture Exchange policies.
International Battery Metals (OTCQB:IBATF) reported fourth quarter and full-year fiscal 2026 results for the period ended March 31, 2026.
Q4 revenue was $63 thousand, with a net loss of $5.3 million. Full-year 2026 revenue was $164 thousand, and net income was $0.1 million, supported by a $16.5 million warrant liability gain. Cash was $9.2 million, and the company raised $2.0 million of new equity. Management highlighted modular DLE brine testing with 98% lithium recovery and 99+% contaminant rejection.
International Battery Metals (OTCQB:IBATF) reported positive Direct Lithium Extraction (DLE) test results on multiple Smackover Formation brine sources in Texas and Arkansas.
IBAT highlighted 98% lithium recovery, over 99% contaminant rejection, and more than 1,200 extraction cycles on a single column with no degradation, supporting stated commercial viability and media durability.
International Battery Metals (OTCQB:IBATF) will host a conference call and webcast on June 18, 2026 at 11:00 a.m. ET to discuss fourth quarter and full year fiscal 2026 results, for the period ended March 31, 2026.
Investors can access the live call, webcast, replay, and submit questions in advance.
International Battery Metals (OTCQB:IBATF) announced that its Board approved a grant of 500,000 restricted share units (RSUs) to Norma Garcia, General Counsel and Corporate Secretary. The RSUs vest in equal annual installments over three years and settle into common shares, under the company’s equity plan and TSXV policies.