INTERNATIONAL BATTERY METALS LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 21 2025
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Source: PRnewswire
Investment Announcement: International Battery Metals Ltd. has entered into subscription agreements to issue US$5 million in units to Encompass Capital Advisors, with each unit consisting of one common share and one warrant, expected to close around August 8, 2025.
Use of Proceeds: The funds raised will be utilized for preparing the company's modular direct lithium extraction plant and for general corporate purposes, while also allowing Encompass the option to invest an additional US$2 million by December 31, 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
