International Battery arranges financing with EV Metals

Executive Summary

• International Battery Metals Ltd. completed a second follow‑on private placement with EV Metals, issuing 12,464,000 units for gross proceeds of US$2.0 million.
• Each unit consists of one common share and one warrant (exercise price C$0.30) exercisable for four years; the issue price was US$0.16 per unit (C$0.225).
• Proceeds will be used for general corporate purposes, primarily to advance deployment of the company’s next‑generation modular DLE technology.

Key Details

• Financing Structure: Non‑brokered private placement; 12,464,000 units issued at US$0.16 per unit (C$0.225).
• Gross Proceeds: US$2.0 million (equivalent to C$2,804,400 using the Oct 21 2025 exchange rate of 1 USD = 1.402 CAD).
• Unit Composition: 1 International Battery common share + 1 warrant to purchase an additional common share at C$0.30 per share.
• Warrant Terms: Exercise price C$0.30; exercisable for four years from issuance.
• Closing Date: Expected on or around Oct 30 2025, subject to TSX Venture Exchange approval.
• Use of Proceeds: General corporate purposes, including further development and deployment of modular DLE (Direct Lithium Extraction) technology.
• Related‑Party Structuring Fee: Jacob Warnock (director) will receive a cash fee equal to 5 % of the gross proceeds subscribed by EV Metals affiliates, payable at closing.
• Hold Period & Restrictions: Securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law and considered restricted securities under U.S. law.
• Ownership Impact Post‑Closing:
• EV Metals and entities controlled by Jacob Warnock will own ~82,899,051 common shares (≈38.97 % of diluted equity).
• Existing holdings prior to the offering were ~70,435,051 shares (≈34.83 %).
• Regulatory Disclosures:
• Transactions qualify as related‑party under MI 61‑101; company relies on exemptions from formal valuation and minority shareholder approval because the transaction value is ≤25 % of market cap.
• Material change report to be filed within 21 days of closing; unanimously approved by non‑interested directors.

Notable Quotes

No executive quotes were included in the release.