International Battery Metals (IBAT) investor relations material

Company overview and technology

• Operates as a direct lithium extraction (DLE) company with a patented, modular extraction process and proprietary media manufactured in the U.S.A.

• Modularity allows plants to be built offsite, reducing capital expenditure and enabling efficient deployment in remote locations.

• Technology is environmentally conscious, using no chemical reagents, recycling up to 98% of water, and requiring a small operational footprint.

• Demonstrated commercial-scale operations in Utah, producing over 25 tons of battery-grade lithium carbonate.

• Holds six major patents and operates in seven key jurisdictions, with patent protection through 2038.

Market dynamics and industry trends

• Global lithium demand is projected to grow 3x-5x over the next decade, driven by EVs, battery storage, and data centers.

• Lithium prices have been volatile, peaking at $80,000/ton in 2021 and rebounding to $23,000/ton after a low in 2023.

• China dominates the lithium supply chain, controlling 60%-80% of processing and battery manufacturing capacity.

• Governments in the U.S., Europe, and the Middle East are pushing for supply chain nearshoring and critical mineral independence.

• Major energy companies are entering the lithium sector, accelerating DLE adoption and investment.

Competitive advantages and operational highlights

• Proprietary aluminate-based media offers high selectivity and efficiency, capturing up to 98% of lithium ions per cycle.

• Technology enables rapid cycle times and minimal media degradation, reducing operational costs.

• Closed-loop extraction process minimizes environmental impact and regulatory hurdles.

• DLE is expected to capture 10%-20% of the lithium market by 2030, representing up to 1 million tons annually.

• Multiple revenue streams: technology licensing, service model, and project participation.