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.

International Battery Metals Ltd. (CSE: IBAT; OTC: IBATF) announced compliance with the Chilean government's new mandate for lithium recovery projects to utilize Direct Lithium Extraction (DLE). This technology significantly reduces water waste, recycling up to 94% of fresh water used and generating no hazardous waste. Recently, the Chilean National Patent Office granted a Notice of Allowance for IBAT's DLE patent, affirming the uniqueness of its mobile, modular extraction system. Despite environmental challenges in lithium extraction, IBAT's system promises efficient recovery while minimizing ecological impact, positioning the company favorably in Chile's evolving mining landscape.

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.