International Battery Metals Ltd. filings document the public-company disclosures of a British Columbia issuer focused on modular direct lithium extraction systems. Form 8-K reports cover material definitive agreements, unregistered sales of equity securities, operating and financial results, Regulation FD communications and governance matters.
The company’s filing record also includes Form S-1 registration statements and amendments covering securities registration details. Capital-structure disclosures describe common shares, warrant instruments and unit financings, while company status disclosures identify its TSX Venture and OTCQB trading context and emerging growth company reporting status.
International Battery Metals Ltd. now has a highly concentrated shareholder base led by Jacob Aaron Warnock and affiliated EV Metals entities. Amendment No. 1 to a Schedule 13D shows Mr. Warnock beneficially owning 142,898,181 Common Shares, or 45.1% of 316,573,123 shares outstanding as of January 30, 2026.
EV Metals VI LLC, EV Metals 7 LLC and EV Metals 8 LLC are added as reporting persons, holding 12.1%, 18.5% and 6.9% of the Common Shares, respectively, including shares issuable from multiple warrant series. A series of private placements from 2024–2025 provided units combining shares and long-dated warrants at exercise prices between CAD$0.30 and CAD$1.25.
Through an Investor Rights Agreement and its amendment, EV Metals secured the right to nominate one board member while it holds at least 5% of outstanding shares, and to approve an additional independent director when the board exceeds five members. A Restated Registration Rights Agreement grants EV Metals VI registration and underwritten offering rights tied to a Form S‑1, with the company bearing related registration expenses.
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.
International Battery Metals Ltd. reported a net income of $5.4 million for the nine months ended December 31, 2025, reversing a prior-year loss of $3.8 million. This profit was driven mainly by a $17.9 million non‑cash gain from the change in fair value of warrant liabilities.
Core operations remain loss‑making, with an operating loss of $10.1 million on modest testing revenue of $0.1 million, compared with $0.9 million reimbursable revenue a year earlier. Cash was $9.1 million and working capital about $9.6 million as of December 31, 2025.
The company’s modular direct lithium extraction plant was idled at US Magnesium in 2024 and moved to storage, and is now being marketed to new customers. Management estimates $1.0–$10.0 million of additional capital will be needed to customize the plant for deployment, more than current cash can support at the high end, so further funding is planned. Recent private placements, including $7.7 million during the nine‑month period and an additional $2.0 million received in February 2026, enabled management to conclude the business can continue as a going concern for at least twelve months.
International Battery Metals Ltd. reported third quarter fiscal 2026 results, highlighting modest revenue but a sharp improvement in bottom-line performance. For the quarter ended December 31, 2025, revenue was $30,000, reflecting service income from brine testing activities, compared to a negative $4,000 a year earlier.
Operating costs remained tightly managed. Operating costs excluding depreciation were $450,000 versus $468,000, and selling, general and administrative expenses excluding depreciation were $1.8 million versus $2.1 million. The company recorded an operating loss of $3.0 million, slightly better than the $3.3 million loss in the prior-year quarter.
A key driver of overall profitability was a non-cash $3.8 million gain from the change in fair value of warrant liabilities, compared to a $7.6 million loss previously. This pushed the quarter to net income of $0.8 million, or $0.00 per diluted share, versus a net loss of ($10.9) million, or ($0.04) per diluted share, a year earlier.
Cash was $9.1 million as of December 31, 2025, compared with $10.7 million as of March 31, 2025, with shareholders’ equity rising to $33.4 million from $26.6 million, supported in part by an additional $2.0 million of new equity financing. Management emphasized ongoing commercial discussions for deploying its modular direct lithium extraction plant and continued brine testing with prospective customers in the United States, Argentina and the Middle East.
International Battery Metals Ltd. entered a material financing agreement by issuing 26,427,053 Units in a non-brokered private placement to EV Metals 9 LLC, an affiliate of EV Metals 7 LLC.
Each Unit consists of one common share and one Warrant, priced at USD $0.08 per Unit, for total gross proceeds of USD $2.0 million. Each Warrant allows the holder to buy one additional common share at C$0.14 for four years from issuance. The company paid Jacob Warnock a structuring fee equal to 5% of the gross proceeds. The Units are subject to a four-month plus one-day hold under Canadian law and are restricted securities in the U.S., sold under the Section 4(a)(2) exemption from registration.
International Battery Metals Ltd. filed a Form 8-K to announce a conference call and webcast to discuss its financial and operational results for the third quarter of fiscal 2026, which ended December 31, 2025.
The call is scheduled for Thursday, February 26, 2026 at 11:00 a.m. Eastern Time, with access via toll-free and international dial-in numbers, a webcast link, and an EasyConnect “Dial-Me In” option. IBAT plans to issue a separate press release outlining the quarter’s results after the close of trading on Wednesday, February 25, 2026, and to post them on its investor website. Shareholders are invited to submit questions by email in advance, and a replay will be available through March 12, 2026.
International Battery Metals Ltd. General Counsel Norma Linda Garcia reported a Form 4 transaction involving restricted share units and common shares. On February 12, 2026, she exercised 33,333 RSUs, receiving 33,333 common shares at a per-share price of $0.00 through a derivative conversion.
Following this transaction, she directly holds 33,333 common shares and 66,667 RSUs, reflecting remaining installments scheduled to vest in 2027 and 2028 under the company’s restricted share unit plan. She also directly holds options covering 400,000 common shares with an exercise price of $0.365 per share, granted under the Rolling 10% Incentive Share Option Plan.
International Battery Metals Ltd. is registering up to 51,530,518 common shares for resale, including 25,765,259 shares already issued and 25,765,259 shares issuable upon warrant exercise by a single selling shareholder. The company will not receive proceeds from shareholder sales but may receive cash if warrants are exercised.
The filing describes a pre-revenue, development-stage business built around a proprietary modular direct lithium extraction (MDLE) plant aimed at lithium brine owners. Management highlights early commercialization risk, a large accumulated deficit, the need for up to $10.0 million to customize its existing MDLE plant, and dependence on future capital raises.
Key risks include sharp lithium price volatility, uncertain demand tied to electric vehicles, intense competition from other DLE technologies, environmental and regulatory exposure, penny stock status, customer concentration risk, and identified material weakness in internal controls. The company is an emerging growth and smaller reporting company and uses reduced disclosure requirements.
International Battery Metals LTD announced a non-brokered private placement of USD $2.0 million of units to affiliates of EV Metals VII LLC, an insider controlled by director Jacob Warnock. Each unit includes one common share and one warrant priced at USD $0.08 per unit.
Each warrant allows the purchase of one additional common share at C$0.14 for four years. The offering is expected to close around February 23, 2026, subject to TSX Venture Exchange approval, and was issued under a U.S. registration exemption. The company will pay Warnock a 5% cash structuring fee on subscribed proceeds.
The company will also share an updated investor presentation, dated December 31, 2025 for cash-position data, and present at the OTC Markets Precious Metals & Critical Minerals Virtual Investor Conference, using this presentation with current and prospective stakeholders.