IBAT announces $2.8M private placement with insider at $0.08/unit

INTERNATIONAL BATTERY METALS LTD.

Non-brokered private placement of Units at $0.08/Unit, each Unit = 1 common share + 1 warrant (C$0.15 exercise, 4-yr term).
Gross proceeds of USD $2.8M from EV Metals affiliates, an insider controlled by director Jacob Warnock.
Expected closing on or around April 24, 2026, subject to TSX Venture Exchange approval.
Structuring fee of 5% of gross proceeds payable to Jacob Warnock in cash at closing.
Units subject to 4-month+1-day hold period under Canadian securities laws; restricted securities under Securities Act.

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 one warrant (each, a "Warrant") to purchase one common share of warrant to EV Metals VII LLC.

Security: warrant
Shares: one warrant (each, a "Warrant") to purchase one common share
Purchaser: EV Metals VII LLC

Exact text from the filing

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 $0.08 per Unit

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

INTERNATIONAL BATTERY METALS LTD. issued Units of unit to EV Metals VII LLC for USD $0.08 per Unit, for total gross proceeds of USD $2.8 million.

Security: unit
Shares: Units
Purchaser: EV Metals VII LLC
Consideration: USD $0.08 per Unit, for total gross proceeds of USD $2.8 million

Exact text from the filing

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 the remaining USD $2.8 million (the "Offering") of units ("Units") under the LOI. Each Unit will include one Company common share and one warrant (each, a "Warrant") to purchase one common share and will be

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INTERNATIONAL BATTERY METALS LTD. filing history →

Source: SEC EDGAR

accession 0001193125-26-159235

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