International Battery Metals Secures Third Follow-on Investment From EV Metals VII, LLC, Adding USD $2.0 Million Under Existing LOI

Executive Summary

• International Battery Metals Ltd. announced a non‑brokered private placement of 26,427,053 units for USD $2.0 million, representing the third follow‑on investment under its March 2025 LOI with EV Metals VII LLC.
• Each unit consists of one common share and one warrant to purchase an additional share at C$ 0.14; the unit price is US$ 0.08 (C$ 0.104).
• Proceeds will be used for general corporate purposes to advance deployment of the company’s next‑generation modular DLE technology, and the offering is expected to close around February 23, 2026 pending TSXV approval.

Key Details

• Total investment under LOI to date: US$ 12.2 million (US$ 10.2 M in 2025 + this US$ 2.0 M).
• Units offered: 26,427,053 units (each = 1 common share + 1 warrant).
• Pricing: US$ 0.08 per unit → C$ 0.104 per unit (exchange rate US$1 = C$1.3676 as of Feb 5, 2026).
• Gross proceeds: USD 2.0 million (C$ 2,735,200).
• Warrant terms: One warrant per unit to purchase one additional common share at C$ 0.14; exercisable for four years from issuance.
• Closing date: Expected on or about February 23, 2026, subject to TSXV approval.
• Use of proceeds: General corporate purposes, primarily to fund further deployment of modular DLE technology.
• Related‑party structuring fee: Jacob Warnock will receive a cash fee equal to 5% of the gross proceeds subscribed by EV Metals affiliates (≈ US$ 100,000).
• Hold period: Units subject to a four‑month plus one‑day hold under Canadian securities laws; considered restricted securities in the U.S.
• Ownership impact: Post‑offering, EV Metals and entities controlled by Jacob Warnock expected to hold 109,326,204 common shares and 86,426,183 warrants (≈ 48.57% of diluted equity).
• Regulatory disclosures: Transactions qualify for MI 61‑101 exemption (fair market value < 25% of market cap); material change report to be filed within 21 days of closing.

Notable Quotes

(No executive quotes were included in the release.)