Warnock-linked entities detail large International Battery Metals (IBATF) stakes

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

WARNOCK JACOB AARON

(Last) (First) (Middle)

1 CALLE CERVANTES #5

(Street)

SAN JUAN PR 00907

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/30/2026

3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BATTERY METALS LTD. [ IBATF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)
02/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares, no par value	541,126	D
Common Shares, no par value	82,357,925	I	See notes(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants(3)	(4)	08/05/2028	Common Shares, no par value	2,702,400	$0.92(5)	I	EV Metals VI LLC(9)
Warrants(3)	(4)	08/05/2028	Common Shares, no par value	7,924,157	$0.71(6)	I	EV Metals VI LLC.(9)
Warrants(3)	(4)	08/05/2028	Common Shares, no par value	8,478,246	$0.71(6)	I	EV Metals VI LLC.(9)
Warrants(4)	(4)	03/21/2029	Common Shares, no par value	690,979	$0.38(7)	I	EV Metals VI LLC.(9)
Warrants(3)	(4)	03/21/2029	Common Shares, no par value	25,393,475	$0.38(7)	I	EV Metals 7 LLC.(10)
Warrants(3)	(4)	04/11/2029	Common Shares, no par value	2,345,873	$0.38(7)	I	EV Metals 7 LLC.(10)
Warrants(3)	(4)	10/30/2029	Common Shares, no par value	1,558,000	$0.22(8)	I	EV Metals 7 LLC.(10)
Warrants(3)	(4)	10/30/2029	Common Shares, no par value	10,906,000	$0.22(8)	I	EV Metals 8 LLC.(11)

1. Name and Address of Reporting Person^*

WARNOCK JACOB AARON

(Last) (First) (Middle)

1 CALLE CERVANTES #5

(Street)

SAN JUAN PR 00907

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

EV Metals VI LLC

(Last) (First) (Middle)

1 CALLE CERVANTES #5

(Street)

SAN JUAN PR 00907

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

EV Metals 7 LLC

(Last) (First) (Middle)

1 CALLE CERVANTES #5

(Street)

SAN JUAN PR 00907

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. 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.

3. Each Warrant represents the right to acquire one Common Share.

4. The Warrants are immediately exercisable.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

Remarks:

This Form 3 amendment is being filed to add EV Metals VI LLC and EV Metals 7 LLC as Reporting Persons hereunder.

	/s/ Norma Garcia, Attorney-in-Fact for Jacob Aaron Warnock	02/25/2026
	s/ Norma Garcia, Attorney-in-Fact for EV Metals VI LLC	02/25/2026
	/s/ Norma Garcia, Attorney-in-Fact for EV Metals 7 LLC	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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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.

How many International Battery Metals (IBATF) shares does Jacob Aaron Warnock hold directly and indirectly?

The filing reports Jacob Aaron Warnock directly owning 541,126 Common Shares and one indirect line item of 82,357,925 Common Shares. Footnotes state that additional shares are held of record by multiple EV Metals entities and a trust, with beneficial ownership only to the extent of any pecuniary interest.

What warrant positions related to IBATF are disclosed for the EV Metals entities?

The amendment lists large Warrant holdings in INTERNATIONAL BATTERY METALS LTD. held by EV Metals VI LLC, EV Metals 7 LLC, and EV Metals 8 LLC. Each Warrant gives the right to acquire one Common Share and is immediately exercisable, representing potential future equity if exercised.

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.

How are EV Metals entities related to Jacob Aaron Warnock in the IBATF filing?

The filing states EV Metals GP LLC is the Manager of several EV Metals LLCs, and Mr. Warnock is the Manager of EV Metals GP LLC and Elegante Energy LLC, and Investment Trustee of JAW Puerto Rico Trust. He may be deemed to beneficially own their securities but disclaims ownership beyond pecuniary interest.

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.