International Battery Metals Ltd. Secures Financing to Advance Lithium Extraction Technology
Vancouver, BC – July 21, 2025 – International Battery Metals Ltd. (CSE: IBAT, OTC: RURGF) has announced the successful closing of a non-brokered private placement financing, a significant step in the company’s ongoing efforts to advance its proprietary lithium extraction technology. The financing, which closed on July 18, 2025, aims to provide International Battery Metals with the necessary capital to further develop and scale its innovative approach to recovering lithium from brine resources.
The private placement saw the issuance of 3,500,000 units of the company at a price of CAD $0.20 per unit, resulting in gross proceeds of CAD $700,000. Each unit comprises one common share of International Battery Metals and one common share purchase warrant. Each warrant is exercisable for one additional common share of the company at an exercise price of CAD $0.30 per share, for a period of 24 months from the closing date of the financing.
This strategic injection of capital is expected to fuel key developmental milestones for International Battery Metals. The company’s proprietary technology focuses on a more efficient and environmentally conscious method for extracting lithium from subsurface brine deposits. With the growing global demand for lithium, a critical component in electric vehicle batteries and energy storage solutions, advancements in extraction technology are paramount. International Battery Metals aims to position itself as a leader in this space by offering a solution that potentially reduces the environmental footprint traditionally associated with lithium production.
Proceeds from the private placement are earmarked for several crucial areas. These include the continued refinement and optimization of the company’s direct lithium extraction (DLE) process, the potential expansion of pilot operations, and general working capital. By investing in these areas, International Battery Metals is demonstrating its commitment to solidifying the commercial viability and scalability of its technology.
The company expressed gratitude to its investors for their continued support and confidence in its vision. This financing round underscores the market’s positive sentiment towards innovative solutions for sustainable resource development. International Battery Metals remains dedicated to its mission of providing a cleaner, more efficient pathway for lithium supply, contributing to the global transition towards renewable energy. Further updates on the deployment of these funds and the progress of its technological development are anticipated in the coming months.
INTERNATIONAL BATTERY METALS LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
AI has delivered the news.
The answer to the following question is obtained from Google Gemini.
PR Newswire Energy published ‘INTERNATIONAL BATTERY METALS LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING’ at 2025-07-21 13:01. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.