INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF ITS PREVIOUSLY ANNOUCED NON-BROKERED PRIVATE PLACEMENT FINANCING
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Source: PRnewswire
Private Placement Financing: International Battery Metals Ltd. has completed a private placement financing, issuing approximately 25.77 million units for gross proceeds of about US$5 million, which will be used for preparing its modular direct lithium extraction plant and general corporate purposes.
Warrant Amendments: The company received approval for amendments to certain warrants issued in previous private placements, extending their expiration dates to August 5, 2028, while also implementing restrictions to prevent Encompass from becoming a control person through the exercise of these warrants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
