IBAT posts Q3 operating loss $3.0M; net income $0.8M on warrant gain; cash $9.1M

INTERNATIONAL BATTERY METALS LTD.

2026-Q3 EPS reported $0.02

Revenue of $30,000 from brine testing; minimal compared to operating costs.
Operating loss of $3.0M improved from $3.3M loss in prior year quarter.
Net income $0.8M (EPS $0.00) vs net loss $10.9M ($0.04 loss) a year ago, driven by $3.8M gain on warrant liability.
Cash decreased to $9.1M from $10.7M at March 31, 2025; raised $2.0M in new equity during quarter.
Continuing brine testing with customers in US, Argentina, Middle East; focused on commercial deployment of MDLE plant.

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