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.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares, no par value	02/23/2026		P		26,427,053	A	$0.08	108,784,978	I	See notes(1)(2)
Common Shares, no par value								541,126	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants(3)	$0.1(4)	02/23/2026		P		26,427,053		(5)	02/23/2030	Common Shares, no par value	(3)	$0	86,426,183	I	See note(6)

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, (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.

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, 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.

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

4. 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.

5. The Warrants are immediately exercisable.

6. 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.

	/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
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FAQ

What insider-related purchase was reported for INTERNATIONAL BATTERY METALS LTD. (IBATF)?

An entity associated with director Jacob Aaron Warnock, EV Metals 9 LLC, bought 26,427,053 common shares and 26,427,053 Warrants. The transactions were reported as open‑market or private purchases, increasing indirect ownership significantly in both common shares and Warrants.

At what price were the INTERNATIONAL BATTERY METALS LTD. (IBATF) shares purchased?

The 26,427,053 common shares were purchased at $0.08 per share. This price applies to the indirect acquisition by EV Metals 9 LLC and reflects the consideration per share stated for the February 23, 2026 open‑market or private transaction.

What are the key terms of the Warrants acquired in the IBATF Form 4 filing?

Each of the 26,427,053 Warrants represents the right to acquire one common share. The Warrants are immediately exercisable at an exercise price of CAD$0.14, with the disclosure referencing a Bank of Canada exchange rate for U.S. dollar conversion.

How many INTERNATIONAL BATTERY METALS LTD. (IBATF) shares are indirectly held after these transactions?

After the reported transactions, entities associated with Jacob Aaron Warnock indirectly held 108,784,978 common shares. This total reflects the updated indirect ownership position following the February 23, 2026 purchases disclosed in the insider report.

How many Warrants linked to INTERNATIONAL BATTERY METALS LTD. (IBATF) are held after the transaction?

Following the acquisition, entities associated with Jacob Aaron Warnock held 86,426,183 Warrants. Each Warrant is immediately exercisable for one common share at CAD$0.14, providing substantial potential future access to additional common shares.

What direct shareholding does Jacob Aaron Warnock report in INTERNATIONAL BATTERY METALS LTD. (IBATF)?

In addition to indirect holdings through various entities, Jacob Aaron Warnock reports direct ownership of 541,126 common shares. This direct position is separate from the much larger indirect stakes reported through EV Metals and related entities.