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.
Jacob Aaron Warnock filed a Schedule 13D reporting beneficial ownership of 142,898,181 common shares of International Battery Metals Ltd., or 45.1% of the class, based on 316,573,123 shares outstanding as of January 30, 2026.
Warnock’s holdings include shares he owns directly and through multiple entities such as Elegante Energy LLC, several EV Metals entities, Perk Salar, LLC and JAW Puerto Rico Trust, as well as shares issuable upon exercise of various series of warrants. Through an Investor Rights Agreement and later amendment, EV Metals secured the right to nominate one director while it holds at least 5% of the outstanding shares, and to approve an additional independent director if the board expands beyond five members.
Under a series of placements and subscription agreements from February 2024 through October 2025, EV Metals-affiliated entities committed up to US$20 million and purchased multiple unit offerings, each consisting of one share and one warrant with exercise prices ranging from CAD$0.30 to CAD$1.25 and expirations between 2028 and 2029. An amended registration rights agreement grants EV Metals VI LLC piggy-back rights and up to two underwritten offerings, while warrant expirations tied to earlier placements were extended, subject to TSX Venture Exchange approval.
International Battery Metals Ltd. disclosed that Chief Executive Officer and director Joseph A. Mills received substantial equity-based awards in the form of restricted and performance-based share units on February 4, 2026. He was granted 2,087,683 Restricted Share Units that vest in full on February 4, 2027, each representing one common share.
He also holds 1,000,000 Restricted Share Units granted on April 7, 2025 that vest on April 7, 2026, plus 2,000,000 Performance Based Restricted Share Units that vest upon completion and deployment of two additional Direct Lithium Extraction plants. New performance-based awards on February 4, 2026 include 500,000 units vesting 60 days after a successful listing on a major stock exchange, 4,304,525 units tied to achieving annualized EBITDA of $25 million and $50 million in two steps, and 2,152,262 units tied to reaching $750 million and then $1.5 billion market capitalization over a 60‑day volume‑weighted average price.
International Battery Metals Ltd.'s Chief Financial Officer Michael A. Rutledge reported new performance-based equity awards. On February 4, 2026, he received three grants of Performance Based Restricted Share Units (PBRSUs) at a price of $0 per unit.
One PBRSU grant will vest in full 60 days after the company achieves a successful listing on a major stock exchange. A second grant vests in two stages if the company reaches annualized EBITDA of $25 million and then $50 million. A third grant vests in two stages if the company reaches a $750 million market capitalization and then $1.5 billion market capitalization, each measured over a 60‑day volume‑weighted average trading price.
International Battery Metals Ltd. filed an initial insider ownership report for its General Counsel, Norma Linda Garcia. She holds options to buy 400,000 common shares granted on February 12, 2025 under the company’s Rolling 10% Incentive Share Option Plan, vesting in two equal installments of 200,000 on the first and second anniversaries of the grant date at an exercise price of $0.365 per share, which reflects a CAD$0.495 grant price converted using the Bank of Canada rate as of January 30, 2026. Garcia also holds 100,000 Restricted Share Units (RSUs) granted on February 12, 2025 under the Amended and Restated Restricted Share Unit Plan, scheduled to vest as 33,333 units on February 12, 2026, 33,333 units on February 12, 2027, and 33,334 units on February 12, 2028, with each RSU representing a contingent right to receive one common share.
International Battery Metals Ltd. director Keith R. Solar filed an initial statement of beneficial ownership. He reports holding 541,126 common shares of the company directly. He also holds 1,149,954 restricted stock awards granted on December 18, 2025 under the company’s Amended and Restated Restricted Share Unit Plan.
These restricted stock awards are scheduled to vest in full on December 18, 2026, which means they convert into common shares for him on that date if the vesting conditions are satisfied. The filing clarifies his equity stake as a director but does not disclose any recent share purchases or sales.