International Ba SEC Filings

International Battery Metals Ltd. changed its independent auditor. The company’s audit committee dismissed CBIZ CPAs P.C. and appointed Grant Thornton LLP as independent registered public accounting firm to audit the financial statements for the fiscal year ending March 31, 2027, effective immediately.

CBIZ CPAs’ reports on the March 31, 2026 and 2025 financial statements contained no adverse opinions, disclaimers, or qualifications. Management had previously identified a material weakness in internal control over financial reporting for the year ended March 31, 2025, related to controls over capitalization of capital assets and useful lives, which the company states was remediated during the fiscal year ended March 31, 2026.

The company reports no disagreements with CBIZ CPAs on accounting principles, disclosure, or audit scope during the fiscal years ended March 31, 2026 and 2025 and through June 24, 2026, and notes one reportable event tied to the earlier material weakness. CBIZ CPAs has provided a letter to the SEC, filed as an exhibit, regarding these disclosures.

International Battery Metals Ltd. reported that General Counsel Norma Linda Garcia received a grant of 740,524 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one common share. The RSUs were granted under the company’s Amended and Restated Restricted Share Unit Plan.

According to the vesting schedule, 246,841 units vest on June 19, 2027, another 246,841 on June 19, 2028, and 246,842 on June 19, 2029. Garcia also holds 33,333 common shares directly, previously granted RSUs tied to 566,667 underlying common shares, and options for 400,000 shares at an exercise price of $0.365 expiring in 2030.

International Battery Metals Ltd. files its annual report describing a pre-revenue, development-stage lithium extraction business built around proprietary modular direct lithium extraction (MDLE) plants. The company reports net income of $0.1 million for the year ended March 31, 2026 after a $3.5 million loss in 2025.

Its strategy is to commercialize an Initial MDLE Plant that produced about 25 metric tons of battery-grade lithium carbonate in a 2024 U.S. demonstration, then customize and deploy it with brine owners, requiring an estimated $2–$12 million of additional capital per deployment. At 400 ppm brine concentration, an optimized plant could reach roughly 2,000 metric tons of lithium chloride per year on a lithium carbonate equivalent basis.

The report emphasizes substantial risks: the company has no customer contracts, remains pre-revenue with a limited operating history, faces intense competition from other direct lithium extraction and traditional methods, and is highly exposed to lithium prices, regulatory regimes and access to brine resources. As of June 12, 2026, 377,601,682 common shares were outstanding and the non‑affiliate equity market value was $33.6 million as of September 30, 2025.

INTERNATIONAL BATTERY METALS LTD. SVP of Corporate Development James Garrett Galloway reported compensation-related equity activity. On June 15, 2026, he exercised 400,000 Restricted Share Units at an exercise price of $0.00 per unit, receiving 400,000 Common Shares held directly.

He continues to hold multiple grants of Performance Based Restricted Share Units (PBRSUs), each convertible into one common share upon meeting specified milestones. These PBRSUs include awards tied to deployment of two additional Direct Lithium Extraction plants, a successful listing on a major stock exchange, annualized EBITDA targets of $25 million and $50 million, and market capitalization targets of $750 million and $1.5 billion measured over a 60‑day volume weighted average trading price. The filing reflects equity incentives rather than open‑market buying or selling.

International Battery Metals Ltd. reported fourth quarter and full year fiscal 2026 results, highlighting progress in commercializing its modular direct lithium extraction technology. The company achieved full year revenue of $164 thousand, down from $871 thousand, all from service work on brine testing.

Despite an operating loss of ($13.5) million, a non‑cash $16.5 million gain from the change in fair value of warrant liability drove full year net income of $0.1 million, versus a ($3.5) million loss. Cash was $9.2 million as of March 31, 2026.

Operationally, IBAT emphasized real‑world test results: approximately 98% lithium recovery, 99+% contaminant rejection and more than 1,200 cycles on a single column with no degradation across brines from the Smackover formation, the Middle East and Argentina. Management is focused on securing one or more commercial deployments of its existing modular DLE plant.

International Battery Metals Ltd. filed a Form 8-K announcing plans to discuss its fourth quarter and full fiscal year 2026 results on a conference call and webcast. The fiscal year ended on March 31, 2026, and detailed financial results will be released beforehand.

The call is scheduled for Thursday, June 18, 2026 at 11:00 a.m. Eastern Time, with both North American toll-free and international dial-in options and a live webcast. A replay will be available through early July 2026, and investors can email questions in advance for management’s Q&A session.

International Battery Metals Ltd. Chief Financial Officer Michael A. Rutledge reported a mix of stock transactions. He exercised 450,000 Restricted Share Units into common shares at $0.0000 per share and sold 197,292 common shares at $0.0940 per share in an open-market transaction.

Following these moves, he directly holds 252,708 common shares. He also holds several performance-based restricted share unit awards that each represent the right to receive one common share, with vesting tied to milestones such as deploying two additional Direct Lithium Extraction plants, a successful listing on a major stock exchange, achieving annualized EBITDA targets of $25 million and $50 million, and reaching market capitalization thresholds of $750 million and $1.5 billion based on 60-day volume-weighted average trading price.

International Battery Metals Ltd. ownership disclosure: two related reporting persons jointly report beneficial ownership of common shares. Triomphe Partners LLC reports 18,568,831 shares (5.4%) and Ensorcia Metals Corp. reports 10,731,081 shares (3.1%) based on 343,033,509 shares outstanding as of the Issuer's Form 10-Q filed on February 25, 2026. The filing states shared voting and dispositive power for both entities and identifies Daniel Layton as the controlling manager. The filing is a Schedule 13G joint disclosure of passive/beneficial ownership.

INTERNATIONAL BATTERY METALS LTD. General Counsel Norma Linda Garcia reported updated equity holdings, highlighted by a new compensation grant of 500,000 Restricted Share Units (RSUs) on May 14, 2026. Each RSU represents a contingent right to receive one common share.

After this grant, she directly holds 33,333 common shares, previously granted RSUs covering 66,667 underlying common shares, and options over 400,000 common shares with a $0.365 exercise price expiring on February 12, 2030. The 500,000 new RSUs vest in three annual tranches from May 14, 2027 through May 14, 2029 under the company’s Amended and Restated Restricted Share Unit Plan, reflecting a multi‑year, stock‑based compensation award rather than an open‑market share purchase or sale.