Large Warnock-related purchase boosts INTERNATIONAL BATTERY METALS (IBATF) share and warrant holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WARNOCK JACOB AARON reported open-market purchase transactions in this Form 4 filing.
INTERNATIONAL BATTERY METALS LTD. insider filings show entities associated with Jacob Aaron Warnock making large additional investments in the company. On April 29, 2026, they acquired 34,315,465 Common Shares at $0.08 per share in an open‑market or private transaction and 34,315,465 Warrants that are immediately exercisable at an exercise price of $0.11 per share and expire on April 29, 2030.
After these transactions, indirect holdings reported total 143,100,443 Common Shares and 120,741,648 Warrants, while direct holdings were 541,126 Common Shares. The Warrants are held of record by entities such as EV Metals 9 LLC, and Warnock may be deemed to beneficially own the securities held by those entities but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Entities tied to Jacob Warnock significantly increase indirect equity and warrant exposure to INTERNATIONAL BATTERY METALS LTD.
The filing shows associated entities buying 34,315,465 Common Shares at $0.08 plus the same number of Warrants exercisable at $0.11 per share. Each Warrant is immediately exercisable and runs until April 29, 2030, creating long‑dated optionality on the stock.
Following the trades, indirect positions reported reach 143,100,443 Common Shares and 120,741,648 Warrants, while direct holdings stand at 541,126 shares. The Warrants are held through entities like EV Metals 9 LLC, and Warnock may be deemed to beneficially own these securities, subject to his stated pecuniary‑interest disclaimer.
Insider Trade Summary
Net Buyer: 68,630,930 shares ($2,745,237)
Net Buy
3 txns
Insider
WARNOCK JACOB AARON, EV Metals VI LLC, EV Metals 7 LLC, EV Metals 9 LLC
Role
null | null | null | null
Bought
68,630,930 shs ($2.75M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants | 34,315,465 | $0.00 | -- |
| Purchase | Common Stock, no par value | 34,315,465 | $0.08 | $2.75M |
| holding | Common Shares, no par value | -- | -- | -- |
Holdings After Transaction:
Warrants — 120,741,648 shares (Indirect, See note);
Common Stock, no par value — 143,100,443 shares (Indirect, See notes);
Common Shares, no par value — 541,126 shares (Direct, null)
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, (x) 3,248,504 Common Shares held of record by Perk Salar, LLC and (xi) 60,742,518 Common Shares held of record by EV Metals 9 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, EV Metals 9 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. Represents an exercise price of $0.148 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3678 as of April 28, 2026. The Warrants are immediately exercisable. Held of record by EV Metals 9 LLC. Mr. Warnock is the Manager of EV Metals GP LLC, which is the Manager of EV Metals 9 LLC. As a result, Mr. Warnock may be deemed to beneficially own the securities held by EV Metals 9 LLC. Mr. Warnock disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.
Key Figures
Common Shares purchased: 34,315,465 shares at $0.08
Warrants purchased: 34,315,465 Warrants
Warrant exercise price (USD): $0.11 per share
+4 more
7 metrics
Common Shares purchased
34,315,465 shares at $0.08
Open-market or private purchase on April 29, 2026
Warrants purchased
34,315,465 Warrants
Immediately exercisable; each for one Common Share
Warrant exercise price (USD)
$0.11 per share
Exercise price; equivalent to CAD$0.148
Indirect Common Shares after trade
143,100,443 shares
Total indirect holdings following April 29, 2026 transaction
Warrants held after trade
120,741,648 Warrants
Total indirect Warrant holdings after the transaction
Direct Common Shares held
541,126 shares
Direct ownership entry dated April 29, 2026
Warrant expiration date
April 29, 2030
Final exercise date for reported Warrants
Key Terms
open-market purchase, beneficially own, pecuniary interest, immediately exercisable, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially own financial
"Mr. Warnock may be deemed to beneficially own the securities held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his or its pecuniary interest"
immediately exercisable financial
"The Warrants are immediately exercisable."
Warrants financial
"Each Warrant represents the right to acquire one Common Share."
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
FAQ
What are the key terms of the Warrants reported for INTERNATIONAL BATTERY METALS (IBATF)?
Each Warrant represents the right to acquire one Common Share of INTERNATIONAL BATTERY METALS at a $0.11 exercise price. The Warrants are immediately exercisable and expire on April 29, 2030, providing long‑dated leverage to movements in the company’s share price during that period.
How was the INTERNATIONAL BATTERY METALS (IBATF) Warrant exercise price determined in the filing?
The filing states the Warrant exercise price represents CAD$0.148, converted to US$0.11 using a Bank of Canada daily exchange rate of $1.00 to CAD$1.3678 as of April 28, 2026. This clarifies the original Canadian‑dollar pricing underlying the Warrants.
Who actually holds the INTERNATIONAL BATTERY METALS (IBATF) securities in this Form 4?
The securities are held of record by several entities, including EV Metals 9 LLC and related EV Metals entities. Jacob Warnock may be deemed to beneficially own securities held by these entities but disclaims beneficial ownership except to the extent of his pecuniary interest, if any.
Are the INTERNATIONAL BATTERY METALS (IBATF) transactions direct or indirect holdings for Jacob Warnock?
The Form 4 shows 541,126 Common Shares as directly held, while 34,315,465 newly purchased shares and the related Warrants, plus other sizable positions, are reported as indirect holdings through entities such as EV Metals 9 LLC, Elegante Energy LLC, and several EV Metals affiliates.