International Battery Metals Ltd. (the "Company"), is pleased to announce that it has closed its previously announced non- brokered private placement financing (the "Private Placement"). Pursuant to the Private Placement, the Company issued 18,642,134 units (each a "Unit"), with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$10,436,000 (approximately CAD$14,285,840).
International Battery Metals Ltd. (CSE: IBAT), today announced an agreement with US Magnesium LLC (US Mag) for the installation of its first-of-its-kind, patented modular direct lithium extraction (DLE) plant installed at a brine resource. The mobile facility is co-located at US Mag's existing operations outside Salt Lake City, Utah. IBAT's plant will process brine produced from lithium-containing waste-magnesium salts. The resulting lithium chloride product will provide feed for high-purity lit
International Battery Metals Ltd. (the "Company") is pleased to announce that it has completed a non-brokered private placement financing of up to 14,338,494 units (each a "Unit") issued at a price of CAD$0.784 per Unit for gross proceeds of USD $8.2 million (CAD $11,241,380) (the "Private Placement"). Each Unit consists of one common share of the Company (each a "Unit") and one Common Share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional