International Battery Metals (IBAT) investor relations material

Company overview and business model

• Focuses on modular direct lithium extraction (MDLE) plants using proprietary, patented technology for environmentally responsible lithium chloride extraction from brine, enabling production of battery-grade lithium carbonate.

• MDLE Plants are modular, scalable, and customizable for various brine sources globally, including the US, Canada, and South America.

• Business model includes leasing MDLE Plants, licensing technology, joint ventures, and technology sales to brine resource owners and industrial customers.

• Currently pre-revenue, with no commercial contracts yet, but has completed a commercial-scale demonstration and is actively marketing to US and international customers.

• Holds exclusive licensing agreements for technology deployment in Chile and Argentina and is exploring new markets, including the Middle East.

Financial performance and metrics

• Fiscal year ended March 31, 2025: revenue of $0.87 million, net loss of $3.5 million, and accumulated deficit of $39.6 million.

• Six months ended September 30, 2025: revenue of $0.07 million, net income of $4.7 million, driven by non-cash gains on warrant liabilities.

• Operating costs for FY 2025 were $3.5 million, with $9.0 million in SG&A expenses.

• Raised $24.4 million in private placements in FY 2025, with working capital of $10.6 million as of March 31, 2025.

• Cash used in operations for FY 2025 was $13.5 million; company relies on equity financing to fund ongoing losses.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of shares by selling shareholders; may receive proceeds from cash exercise of warrants.

• Proceeds from recent private placements are allocated to working capital, R&D, and MDLE Plant deployment.

• Intends to retain future earnings to finance operations and expansion; no plans for dividends in the foreseeable future.