EV Metals 9 boosts International Battery (OTC: IBATF) stake with major buy
Rhea-AI Filing Summary
INTERNATIONAL BATTERY METALS LTD. reported a large insider‑related purchase. On February 23, 2026, EV Metals 9 LLC, an entity managed through EV Metals GP LLC by director and 10% owner Jacob Aaron Warnock, bought 26,427,053 common shares in indirect ownership at $0.08 per share and 26,427,053 Warrants at no stated cost in an open‑market or private transaction. Each Warrant is immediately exercisable for one common share at an exercise price of CAD$0.14, translated using a Bank of Canada rate referenced in the disclosure. Following these transactions, entities associated with Mr. Warnock indirectly held 108,784,978 common shares and 86,426,183 Warrants, while he also directly held 541,126 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants | 26,427,053 | $0.00 | $0.00 |
| Purchase | Common Shares, no par value | 26,427,053 | $0.08 | $2.11M |
| holding | Common Shares, no par value | -- | -- | -- |
Footnotes (6)
- F1. 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) 26,427,053 Common Shares held of record by EV Metals 9 LLC.
- F2. 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.
- F3. Each Warrant represents the right to acquire one Common Share.
- F4. Represents an exercise price of $0.14 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3689 as of February 23, 2026.
- F5. The Warrants are immediately exercisable.
- F6. 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.
FAQ
What are the key terms of the Warrants acquired in the IBATF Form 4 filing?
How many Warrants linked to INTERNATIONAL BATTERY METALS LTD. (IBATF) are held after the transaction?
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