Warnock-linked entities detail large International Battery Metals (IBATF) stakes
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
INTERNATIONAL BATTERY METALS LTD. filed an amended insider ownership report detailing the holdings of director and 10% owner Jacob Aaron Warnock and related EV Metals entities. The filing shows Mr. Warnock directly holding 541,126 Common Shares, with additional large indirect positions held through multiple LLCs and a trust.
One indirect line item lists 82,357,925 Common Shares, while various EV Metals LLCs and EV Metals 8 LLC hold substantial Warrants. Each Warrant represents the right to acquire one Common Share and is immediately exercisable, with exercise prices ranging from CAD$0.30 to CAD$1.25, converted to U.S. dollars using a Bank of Canada rate of $1.00 to CAD$1.3562 as of January 30, 2026. The disclosure explains that Mr. Warnock may be deemed to beneficially own securities held by these entities but he and each entity disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
WARNOCK JACOB AARON, EV Metals VI LLC, EV Metals 7 LLC
Role
Director, 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Common Shares, no par value | -- | -- | -- |
| holding | Common Shares, no par value | -- | -- | -- |
Holdings After Transaction:
Warrants — 2,702,400 shares (Indirect, EV Metals VI LLC);
Common Shares, no par value — 541,126 shares (Direct);
Common Shares, no par value — 82,357,925 shares (Indirect, See notes)
Footnotes (1)
- Includes (i) 9,792,659 Common Shares held of record by Elegante Energy LLC, (ii) 2,665,625 Common Shares held of record by EV Metals LLC, (iii) 746,250 Common Shares held of record by EV Metals II LLC, (iv) 735,000 Common Shares held of record by EV Metals III LLC, (v) 3,970,000 Common Shares held of record by EV Metals IV LLC, (vi) 18,640,667 Common Shares held of record by EV Metals VI LLC, (vii) 29,297,348 Common Shares held of record by EV Metals 7 LLC, (viii) 10,906,000 Common Shares held of record by EV Metals 8 LLC, (ix) 2,355,872 Common Shares held of record by JAW Puerto Rico Trust and (x) 3,248,504 Common Shares held of record by Perk Salar, LLC. EV Metals GP LLC is the Manager of each of EV Metals LLC, EV Metals II LLC, EV Metals III LLC, EV Metals IV LLC, EV Metals VI LLC, EV Metals 7 LLC, EV Metals 8 LLC and Perk Salar, LLC. Mr. Warnock is the Manager of EV Metals GP LLC and Elegante Energy LLC, and Mr. Warnock is the Investment Trustee of JAW Puerto Rico Trust. As a result, Mr. Warnock may be deemed to beneficially own the securities held by the foregoing entities. Each such entity and Mr. Warnock disclaims beneficial ownership of such securities except to the extent of his or its pecuniary interest therein, if any. Each Warrant represents the right to acquire one Common Share. The Warrants are immediately exercisable. Represents an exercise price of $1.25 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3562 as of January 30, 2026. Represents an exercise price of $0.9579 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3562 as of January 30, 2026. Represents an exercise price of $0.51 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3562 as of January 30, 2026. Represents an exercise price of $0.30 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3562 as of January 30, 2026. Held of record by EV Metals VI LLC. Mr. Warnock is the Manager of EV Metals GP LLC, which is the Manager of EV Metals VI LLC. As a result, Mr. Warnock may be deemed to beneficially own the securities held by EV Metals VI LLC. Mr. Warnock disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any. Held of record by EV Metals 7 LLC. Mr. Warnock is the Manager of EV Metals GP LLC, which is the Manager of EV Metals 7 LLC. As a result, Mr. Warnock may be deemed to beneficially own the securities held by EV Metals 7 LLC. Mr. Warnock disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any. Held of record by EV Metals 8 LLC. Mr. Warnock is the Manager of EV Metals GP LLC, which is the Manager of EV Metals 8 LLC. As a result, Mr. Warnock may be deemed to beneficially own the securities held by EV Metals 8 LLC. Mr. Warnock disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.
FAQ
What does the International Battery Metals (IBATF) Form 3/A amendment show?
The Form 3/A amendment details existing holdings of Common Shares and Warrants linked to director and 10% owner Jacob Aaron Warnock. It outlines both his direct stake and large indirect positions held through several EV Metals entities and a trust, clarifying beneficial ownership relationships.
What are the exercise terms of the International Battery Metals (IBATF) warrants?
Each Warrant represents the right to acquire one Common Share and is immediately exercisable. Exercise prices include CAD$1.25, CAD$0.9579, CAD$0.51 and CAD$0.30, each converted to U.S. dollars using a Bank of Canada rate of $1.00 to CAD$1.3562 as of January 30, 2026.
Does the IBATF Form 3/A indicate new insider buying or selling activity?
The disclosure classifies the entries as holdings, with transaction codes described as unknown and no buy or sell codes identified. It primarily updates the structure and size of existing direct and indirect positions, rather than reporting new purchase or sale transactions.