International Ba Stock Price, News & Analysis

International Battery Metals Ltd. (IBAT) has appointed Garry W. Flowers as President effective July 11, 2022. Flowers, who has been on IBAT's advisory board since April 2021, previously held senior roles at Fluor Corporation. His experience includes operations management and sustainable development. IBAT is recognized for its innovative modular lithium extraction plant in Lake Charles, Louisiana, which successfully began operations in May 2022, making it the first company to run a commercial-scale mobile lithium extraction facility.

International Battery Metals Ltd. (CSE: IBAT) (OTC: IBATF) has filed its audited financial statements for the year ended January 31, 2022, allowing for the expected revocation of a management cease trade order. This filing follows prior announcements on June 1 and June 10, 2022. The Company expressed gratitude to all who contributed to this process. The CEO, Dr. John Burba, emphasized the importance of this step for trading securities moving forward.

International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) successfully completed safety testing for the world's first commercial-scale mobile lithium extraction plant in Lake Charles, LA. This innovative plant will begin flow testing with lithium-bearing brine sourced from the U.S. With a modular design allowing for rapid deployment, it can produce 5,000 metric tons of lithium chloride (LiCl) annually, expandable to 20,000 metric tons. The company aims to revolutionize Direct Lithium Extraction (DLE) with lower costs and improved environmental performance.

International Battery Metals Ltd. (CSE: IBAT) (OTC: IBATF) announced the completion of its direct lithium extraction (DLE) plant in a tour hosted by Sorcia Minerals LLC on March 21, 2022. The plant utilizes innovative modular technology developed by Dr. John Burba, capable of extracting over 65% lithium while minimizing environmental impact. Dr. Alonso Arellano from the University of Santiago de Chile praised the plant's eco-friendly approach, aiming to safeguard local ecosystems. The partnership with USACH and Sorcia focuses on sustainable lithium mining, benefitting Chile's environmental conservation.

International Battery Metals Ltd. (CSE: IBAT) (OTC: IBATF) announced the successful assembly of its first commercial-scale Mobile Lithium Extraction Plant in Lake Charles, Louisiana. The plant, designed for rapid deployment, underwent a ten-day assembly by a nine-man crew and is now in factory acceptance testing. It can produce 5,000 metric tons of lithium-chloride (LiCl) annually, with potential expansion to 20,000 metric tons. CEO Dr. John Burba emphasized the environmental benefits of their proprietary technology, which minimizes chemical use and wastewater production.

International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) announced significant changes to its Board of Directors on March 3, 2022. Newly appointed independent directors include Maria Echaveste, Foy Wyman Morgan, and William Webster, pending approval from the Canadian Securities Exchange. Tony Colletti has been named interim President, while Logan Anderson remains as CFO. This restructuring aims to enhance leadership as the company works towards commercializing its patented lithium extraction technology, with plans to deploy its first mobile unit in Argentina or Chile this year.

International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) has successfully completed a placement financing, raising US$10,000,000 through the issuance of 3,333,333 units. Each unit consists of one common share valued at Cdn$3.83 and one share purchase warrant, exercisable at the same price for two years. The funds will support the deployment of the company's first mobile lithium extraction unit in South America, as well as general working capital. The company will also pay US$600,000 in advisory fees to Piper Sandler.

International Battery Metals Ltd. (CSE: IBAT, OTC: IBATF) has announced its participation in the BMO Capital 31st Global Metals & Mining Conference from February 27 to March 2, 2022, in Hollywood, Florida. CEO Dr. John Burba will hold one-on-one meetings to discuss the company's advancements in its patented Mobile Lithium Extraction Unit, expected to launch later this year. The company will also host site visits in Lake Charles, Louisiana, for qualified investors. IBAT focuses on ecological lithium brine extraction, targeting deployment in Argentina or Chile.

International Battery Metals Ltd. has received a significant patent issuance for its Modular Extraction Apparatus from the United States Patent Office. This patent supports the Company’s Mobile Extraction Plant, which is nearing completion. Set to produce between 2,500 and 5,000 MT/yr of lithium chloride, the plant's construction began in April 2021, with operational testing slated for March 2022. The Company plans to extract lithium chloride from brines shipped from Texas and Argentina, aiming for commercial production this year.