International Battery Metals (IBAT) Proxy filing summary

Executive summary

• Annual and special meeting scheduled for November 20, 2026, to address key governance and structural proposals.

• Shareholders will vote on director elections, share consolidation, amendments to articles, creation of preferred shares, continuance into Ontario, and auditor appointment.

• Board recommends voting in favor of all proposals and director nominees.

• Proxy materials are distributed via notice-and-access provisions to reduce costs and environmental impact.

Voting matters and shareholder proposals

• Proposals include setting the number of directors at five, electing five directors, approving a reverse stock split (up to 50:1), amending advance notice provisions, creating preferred shares, continuance into Ontario, empowering directors to set board size, and appointing Grant Thornton LLP as auditors.

• Each proposal requires either a majority or two-thirds approval, depending on the nature and timing of the action.

• Shareholders have dissent rights regarding the continuance into Ontario.

Board of directors and corporate governance

• Board size reduced from seven to five directors for the coming year.

• Nominees bring expertise in energy, finance, law, technology, and investment management.

• Majority voting policy in place for director elections; directors must tender resignation if not supported by majority.

• Board committees include Audit, Compensation, and Corporate Governance/Nominating, all with independent members.

• No term limits or gender quotas; diversity considered in nominations.