International Battery Metals Ltd. (C:IBAT)
Business Focus: Specialty Mining & Metals (NEC)
Insider Filings
Latest 10 SEDI filings for IBAT within the last 6 months
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Company News
May 06, 2024 21:00 ET
INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF STRATEGIC PRIVATE PLACEMENT
VANCOUVER, BC, and HOUSTON, May 6, 2024 /CNW/ - International Battery Metals Ltd. (the "Company"), is pleased to announce that it has closed its previously announced non- brokered private placement financing (the "Private Placement"). Pursuant to the Private Placement, the Company issued 18,642,134 units (each a "Unit"), with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$10,436,000 (approximately CAD$14,285,840).
May 06, 2024 21:00 ET
INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF STRATEGIC PRIVATE PLACEMENT
VANCOUVER, BC, and HOUSTON, May 6, 2024 /PRNewswire/ - International Battery Metals Ltd. (the "Company"), is pleased to announce that it has closed its previously announced non- brokered private placement financing (the "Private Placement"). Pursuant to the Private Placement, the Company issued 18,642,134 units (each a "Unit"), with each Unit being issued at a deemed price of CAD$0.76632, for aggregate proceeds of USD$10,436,000 (approximately CAD$14,285,840).
Valuation Ratios
Industry
Sector
Beta
1.84
--
--
Price to Sales - TTM
--
5.03
4.98
Price to Book - most recent quarter
6.90
2.01
2.16
Price to Cash Flow per share - TTM
--
13.87
10.56
Price to Free Cash Flow per share - TTM
--
13.14
20.23
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| May 15, 2024 | 65,450 | -277,030 |
| Apr 30, 2024 | 342,480 | -1,978 |
| Apr 15, 2024 | 344,458 | -4,864 |
Business Summary
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
International Battery Metals Ltd. (IBAT) is a Canada-based lithium extraction technology company. The Company is focused on lithium extraction from salars, geothermal brines and oil field brines. It extracts lithium chloride (LiC1) from ground water salt brine deposits and returning the same water to the subsurface aquifer from which it is extracted. The Company develops and operates Mobile, Modular Direct Lithium Extraction (MDLE) technology at commercial scale with lithium brine. IBAT has constructed and commissioned a Modular Direct Lithium Absorption Plant (the Plant) in Lake Charles, Louisiana. The Plant comprises approximately 35 skid-mounted modules and is designed to produce 5,738 tons (t) LiCl in solution per year, from a brine with a lithium concentration of 1,800 g/t Li.
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