IBAT raises $2M in private placement at $0.08/unit; posts investor presentation with cash position

INTERNATIONAL BATTERY METALS LTD.

Non-brokered private placement with EV Metals VII LLC (insider) for $2M gross proceeds at $0.08/unit.
Each unit includes one common share and one warrant to buy a share at C$0.14 for four years.
Closing expected on or about Feb 23, 2026, subject to TSX Venture Exchange approval.
Director Jacob Warnock receives a structuring fee equal to 5% of gross proceeds from the offering.
Company will post investor presentation on Feb 10 disclosing cash position as of Dec 31, 2025 (figures not provided in filing).

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

INTERNATIONAL BATTERY METALS LTD. issued USD $2.0 million of units of unit to EV Metals VII LLC and its affiliates for USD $0.08 per Unit, for total gross proceeds of USD $2.0 million.

Security: unit
Shares: USD $2.0 million of units
Purchaser: EV Metals VII LLC and its affiliates
Consideration: USD $0.08 per Unit, for total gross proceeds of USD $2.0 million

Exact text from the filing

an insider of the Company controlled by a director of the Company, Jacob Warnock. Under the terms of the LOI, affiliates of EV Metals have agreed to subscribe to purchase USD $2.0 million (the "Offering") of units ("Units"). Each Unit will include one Company common share and one warrant (each, a "Warrant") to purchase one common share and will be priced at USD

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Source: SEC EDGAR

accession 0001193125-26-044713

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