International Ba Stock Price, News & Analysis

International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) announced that it meets the Chilean government's requirement for lithium recovery projects to utilize Direct Lithium Extraction (DLE) methods. This technology is especially relevant in Chile due to its focus on conserving scarce water resources. The Chilean National Patent Office issued a Notice of Allowance for IBAT's modular DLE system, which recycles up to 94% of water and does not generate chemical waste. IBAT's approach aims to recover lithium sustainably, responding to increased environmental concerns and previous contract rescindments in Chile. With its technology, IBAT can deploy solutions that benefit both the environment and lithium supply chains.

International Battery Metals Ltd. (CSE: IBAT) has announced the issuance of 5,024,331 common shares to Dr. John Burba as milestone shares related to a share exchange agreement with North American Lithium Inc. and Selective Adsorption Lithium Inc. dated April 12, 2018. Following this, the company confirmed it will issue an additional 10,048,661 milestone shares to Christina Borgese and Marc Privitera, without the voluntary pooling conditions previously accepted by Dr. Burba. The company is filing a Form 9 for this issuance with the Canadian Securities Exchange.

On March 10, 2023, International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) announced that shareholders approved the re-approval of a private placement consisting of up to 17,250,000 units at CAD$0.58 per unit. The placement involves EVL Holdings LLC and Sorcia Minerals LLC, who reaffirmed their pre-emptive rights to maintain equity ownership. Following this approval, the company plans to issue 8,625,000 units to each entity, comprising one common share and one warrant at the same price. The execution of this issuance is pending confirmation from the Canadian Securities Exchange.

International Battery Metals Ltd. (CSE: IBAT) announced the issuance of 15,072,992 common shares following the achievement of specified milestones related to their Asset Purchase Agreement with North American Lithium Inc. and Selective Adsorption Lithium Inc. The shares will be issued in three phases: 4,000,000 shares for filing three patent applications, and two additional tranches of 5,536,496 shares each for further patent filings. The first tranche of 5,024,331 shares will be issued to Dr. John Burba, who will pool the shares until February 7, 2024. The company will file a Notice of Proposed Issuance of Listed Securities with the Canadian Securities Exchange.

International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) announced a partnership in Argentina, granting access to 140,000 acres of lithium brine reserves in Catamarca, a prime lithium-producing area. This agreement allows IBAT to utilize its innovative lithium extraction technology, designed for quick deployment and superior recovery rates, which are 50% better than industry averages. The partnership with Ensorcia Metals will generate revenues from fees, royalties, and profit sharing. The company's Direct Lithium Extraction technology emphasizes sustainability, minimizing environmental impacts while maximizing output.

International Battery Metals Ltd. (CSE: IBAT) has announced a change in its financial year-end from January 31 to March 31 at the request of its auditor, Crowe MacKay LLP, due to resource constraints. This decision impacts the reporting structure for the company's financial periods and requires adjustments in interim and annual financial statements, which will be filed on SEDAR. The company, recognized for its innovative mobile Modular Direct Lithium Extraction technology, aims to enhance lithium recovery while minimizing environmental effects.

International Battery Metals Ltd. (IBAT) has appointed Garry Flowers as Chief Executive Officer, succeeding founder John Burba, who remains Executive Chairman and Director of Global Technology. Flowers, previously IBAT's President, has extensive experience in engineering and project management. The company has made significant progress in developing its patented lithium extraction technology, achieving full systems testing and lithium chloride extraction. With a modular design, IBAT's mobile lithium extraction plant aims to produce 5,000 metric tons of lithium chloride annually.

International Battery Metals Ltd. (IBAT) has appointed BMO Capital Markets as a financial advisor to explore commercial opportunities for its mobile lithium extraction technology. The focus is on deploying a current commercial-scale plant and considering partnerships, joint ventures, and acquisitions of viable brine resources. An independent review found that IBAT's technology can recover over 65% lithium from brine while recycling more than 94% of water. The modular design aims to produce 5,000 metric tons of lithium chloride annually, offering faster and cheaper deployment than traditional methods.

International Battery Metals (IBAT) has achieved a significant milestone in lithium extraction with its innovative modular, mobile extraction plant. An independent review by SLR International confirmed that the plant extracts over 65% of lithium from brine, surpassing current technologies. The process is sustainable, recycling more than 94% of water, thus minimizing environmental impact. Located in Lake Charles, Louisiana, the plant has the potential to produce 5,738 tonnes of lithium chloride annually, expandable to 20,000 tonnes. This advancement positions IBAT as a leader in sustainable lithium production amidst increasing demand.