International Ba Stock Price, News & Analysis

International Battery Metals Ltd. (CSE: IBAT) (OTC: IBATF) has successfully completed a private placement financing, raising CAD$6,693,500 (USD$5,000,000). This follows a previous investment of CAD$10,000,000 in February 2022. CEO Garry Flowers highlighted the company's progress in developing its Modular Direct Lithium Extraction (MDLE) plant, which has produced battery-grade lithium chloride salts. The newly raised funds will support working capital and advance pre-placement orders for additional DLE processing plants. The company's technology is patented and aims to sustainably extract lithium with minimal environmental impact, positioning it for efficient production in various global locations.

International Battery Metals Ltd. (CSE: IBAT; OTC: IBATF) has announced a private placement financing of CAD$6,693,500 (USD$5,000,000) by issuing 6,396,999 units. Each unit consists of one common share valued at CAD$1.04635 and a warrant to purchase an additional share at CAD$1.21 for two years. The funds will support working capital, accelerate research and development, product development, and the procurement of lithium extraction processing plants. Additionally, the exercise price of previously issued warrants has been reduced from CAD$3.83 to CAD$1.21. The company’s focus remains on innovative lithium extraction technology that aims to minimize environmental impacts.