International Battery Metals (IBAT) Registration Filing summary

Company overview and business model

• Incorporated in British Columbia, Canada, with principal executive offices in Plano, Texas, operating internationally.

• Engages in the development and deployment of modular direct lithium extraction (MDLE) plants for brine resources.

Financial performance and metrics

• Raised significant capital through multiple private placements and share issuances from 2022 to 2025, with proceeds used for plant development, working capital, and technology adoption.

• Notable transactions include a $19.76M private placement in March 2023 and several multi-million dollar placements in 2024 and 2025.

• Issued shares and units to accredited investors, insiders, and employees, often in lieu of cash for services or milestone achievements.

Use of proceeds and capital allocation

• Proceeds from offerings allocated to working capital, research and development, product development, technology adoption, and deployment of MDLE plants.

• Funds also used to offset indebtedness and finance plant mobilization and commissioning.

• Recent placements targeted increasing production capacity and fulfilling customer orders in the western United States.