Off-market insider buying at Intl Battery Metals (IBAT)

Off-market insider buying at Intl Battery Metals (C:IBAT)

Garry Flowers, CEO, acquired 970,142 Common Shares on a direct ownership basis at a price of $0.700 through a prospectus or prospectus exempt offering on December 8th, 2023. The insider also acquired 970,142 Warrants with an exercise price of $0.820 for 24 months. This represents a $679,099 investment into the company's shares and an account share holdings change of greater than 100%.

Two other insiders also participated in smaller amounts.

Intl Battery Metals is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

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.