- International Battery Metals (IBAT) has closed a follow up private placement financing for gross proceeds of CAD$6,693,500 (USD$5,000,000)
- The company will use the new funds for working capital needs as it accepts pre-placement orders for new DLE processing plants
- It will also use the funds to narrow prospective customer lithium brine resource locations to those sites most conducive for volume production
- International Battery Metals is a Vancouver-based advanced direct lithium extraction technology company
- International Battery Metals Ltd. (IBAT) opened trading at C$1.16 per share
International Battery Metals (IBAT) has closed a follow up private placement financing for gross proceeds of CAD$6,693,500 (USD$5,000,000).
This follow up private placement is being made by the group who invested CAD$10,000,000 in February, 2022.
The company will use the new funds for working capital needs as it accepts pre-placement orders for new DLE processing plants. It will also use the funds to narrow prospective customer lithium brine resource locations to those sites most conducive for volume production.
About the company
International Battery Metals is a Vancouver-based advanced direct lithium extraction technology company. It focuses on ethical and ecological extraction of lithium from brines.
The company is applying its patented intellectual property into building mobile lithium extraction units that can be utilized worldwide. The revolutionary lithium extraction technology is defined by its extreme environmental and resource protection, rapid implementation and production, and low capital and operating costs.
International Battery Metals Ltd. (IBAT) opened trading at C$1.16 per share.
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