International Battery Metals (TSE:IBAT) has released an update.
International Battery Metals Ltd. has successfully completed a strategic non-brokered private placement financing, raising approximately $10.4 million USD by issuing over 18.6 million units at CAD$0.76632 each, which includes common shares and warrants. The funds will primarily facilitate the deployment of its innovative modular direct lithium extraction plant in the western United States, with additional private placements of up to USD$13.56 million planned. EV Metals, directed by board member Jacob Warnock, participated significantly in this placement and received fees, under exemptions from certain Canadian securities requirements.
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