Joint venture with Global Oil Management Group affiliate Sorcia Minerals is pleased to announce that it has formed a joint venture with Terra Novo Energy, Triangle Lithium LLC, for the purpose of acquiring and developing specific assets related to the exploration and development of lithium. Triangle through its affiliation with Sorcia, will develop lithium resources utilizing International Battery Metals' proprietary [...]
International Battery Metals the Company announced today that it has received a notice of allowance for its mobile lithium extraction patent application from the United States Patent Office. This is a key patent for the Company and the Company is in the process of prosecuting additional patents to reinforce and protect its proprietary technology. Dr. John Burba stated that "this is a major milestone for the Company as it [...]
International Battery Metals Ltd. announced today that its Board of Directors intends to evaluate a range of strategic alternatives to maximize shareholder value, including without limitation, a merger, reverse merger or other business combination, strategic private placement or succession of private placements representing 10% or more of the outstanding capital stock of the Company, or other transaction. To assist in [...]
International Battery Metals Ltd. The Company has been provided with an update from Sorcia Minerals LLC whereby its subsidiary Sorcia Chile SPA has reached an agreement with RJR SALAR SPA to exploit an additional 6,900 hectares for lithium in the Maricunga salar, in the Atacama Region using IBAT's innovative sustainable technology. This brings Sorcia Minerals' exploitable acerage to approximately 9,000 hectares. IBAT has [...]
International Battery Metals Ltd. The Company has been provided with an update from Sorcia Minerals LLC whereby its subsidiary Sorcia Chile SPA has reached an agreement with RJR SALAR SPA to exploit over 2,000 hectares for lithium in the Maricunga salar, in the Atacama Region using IBAT's innovative sustainable technology. IBAT continues to work with Sorcia on the construction and introduction of its innovative and highly [...]
International Battery Metals Ltd. Recently, two former employees of the Company filed an action against IBAT in United States federal court for alleged wrongful dismissal and breach of the Share Exchange Agreement. The employees were dismissed for cause, and accordingly, the Company believes that the allegations set forth in the complaint are not material and are without merit. The Company intends to vigorously defend the [...]
International Battery Metals announced today that it has appointed Tony Colletti to the board of directors of the Company. Colletti will bring to the Board a variety of experience and skill in the areas of: Crisis management Dispute resolution Corporate Strategic planning Public Relations and Governmental affairs Colletti is the Chief Operating Officer of 3867 Partners, LLC, a private investment firm specialized in the [...]
International Battery Metals Ltd. , announced today that it has appointed Garry Flowers and Ante Razmilovic to the Company's advisory board. They bring extensive experience in both engineering and financing to the Company. ANTE RAZMILOVIC Ante has 25 years of Investment Banking experience with top bulge bracket firms as a derivatives and structured and secured finance specialist working on the public side in securities [...]
International Battery Metals Ltd. provides this news release to supplement information for the Special Meeting to be held April 19, 2021 whereby the Company is seeking shareholder approval for a private placement with Sorcia Minerals LLC and EVL Holdings, LLC at a price of $0.58 per unit . Background to the Financing: In October and December 2020 the Company completed two private placements with Sorcia and EVL for $2.5M [...]
International Battery Metals Ltd. announced today that further to its news release of January 14, 2021 both Ensorcia Minerals Corporation and Beaty Metals Ltd. have exercised the preemptive right granted to them under the private placement announced August 21, 2019. Accordingly, the Company will issue 4,664,306 common shares at $0.305 per share. "Dr. John Burba" Dr. John Burba President CEO & Director Tel: 939-4228 [...]
International Battery Metals Ltd. The Company announced today that its directors have approved a private placement by the Company's existing shareholders Sorcia Minerals LLC and EVL Holdings, LLC ") of up to 17,250,000 units at $0.58 per unit for proceeds of up to $10,005,000 CAD. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable to purchase an additional common [...]
International Battery Metals Ltd. announced today that 3,333,333 warrants held by Ensorcia Metals Corporation have been exercised for total proceeds of US$350,000.00. The Company has now substantially finished the detailed engineering and is approaching completion of key equipment fabrication for the Mobile Lithium Extraction Unit. The Company is looking at having all of the mobile skids completed in the second quarter of [...]
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