International Battery Metals Announces Closing of Previously Announced Third Follow-On Investment From EV Metals 9 LLC, Adding USD $2.0 Million Under Existing LOI

Executive Summary

• International Battery Metals Ltd. closed a non‑brokered private placement financing, issuing 26,427,053 units to EV Metals for gross proceeds of USD $2.0 million (C$ 2.735 million).
• Each unit consisted of one common share and one warrant; the warrants allow purchase of additional shares at C$ 0.14 for four years.
• Proceeds will be used for general corporate purposes to advance deployment of the company’s next‑generation modular DLE technology, and the transaction increased EV Metals’ ownership stake to an estimated 48.57% on a partially‑diluted basis.

Key Details

• Units Issued: 26,427,053 (each = 1 IBAT common share + 1 warrant).
• Pricing: USD $0.08 per unit; equivalent to C$ 0.104 per unit using US$/C$ 1.3676 exchange rate (Feb 5 2026).
• Gross Proceeds: USD $2.0 million (C$ 2,735,200).
• Warrant Terms: One‑share purchase warrant per unit, exercise price C$ 0.14 per share, exercisable for four years from issuance.
• Hold Period: Units subject to a 4‑month + 1‑day hold period under Canadian securities laws; considered restricted securities in the U.S.
• Structuring Fee: Jacob Warnock received cash fee equal to 5% of gross proceeds (≈ USD $100,000).
• Use of Proceeds: General corporate purposes, primarily to advance modular DLE technology deployment.
• Related Party Transaction Disclosure: Exempt from formal valuation and minority shareholder approval under MI 61‑101; fair market value ≤ 25% of market cap.
• Ownership Impact:
• Pre‑offering EV Metals & affiliates owned 82,899,051 shares + 59,999,130 warrants (≈ 37.95% partially‑diluted).
• Post‑offering ownership expected to be 109,326,204 shares + 86,426,183 warrants (≈ 48.57% partially‑diluted).
• LOI Extension: Original Letter of Intent termination date extended to April 30 2026.

Notable Quotes

(No executive quotes were included in the release.)