International Battery Metals Secures Second Follow-On Investment From EV Metals, Adding USD $2.0 Million Under Existing LOI

Executive Summary

• International Battery Metals Ltd. announced a non‑brokered private placement of 12,464,000 units to EV Metals affiliates for gross proceeds of USD 2.0 million (C$ 2.804 million).
• Each unit consists of one common share and one warrant priced at US $0.16 per unit; warrants allow purchase of an additional share at C$ 0.30 for four years.
• Proceeds will be used for general corporate purposes to advance deployment of the company’s next‑generation modular DLE technology.

Key Details

• Offering Size: 12,464,000 units (USD 2.0 M / C$ 2.804 M).
• Unit Composition: 1 IBAT common share + 1 warrant to purchase 1 additional share.
• Pricing: US $0.16 per unit; exchange rate applied as of Oct 21, 2025 (US$1 = C$1.402).
• Warrant Terms: Exercise price C$ 0.30 per share; exercisable for four years from issuance.
• Closing Date: Expected on or about October 30, 2025, subject to TSXV approval.
• Use of Proceeds: General corporate purposes, primarily to fund further deployment of modular DLE technology.
• Related Party Structuring Fee: 5% of gross proceeds payable in cash to Jacob Warnock at closing.
• Hold Period: Securities subject to a four‑month plus one‑day hold period under Canadian securities laws; restricted securities under U.S. law.
• Ownership Impact: Post‑offering, EV Metals and affiliates (controlled by Jacob Warnock) will own ~82.9 M common shares and 60 M warrants, representing ~38.97% of IBAT’s partially‑diluted share base.
• Regulatory Disclosures: MI 61‑101 related‑party transaction exemption relied upon; material change report to be filed within 21 days of closing.

Notable Quotes

(No direct quotes were provided in the release.)