International Battery Metals (TSE:IBAT) has released an update.
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International Battery Metals Ltd. has successfully raised USD $8.2 million through a non-brokered private placement to fund its modular direct lithium extraction plant in the western U.S. and for general capital needs. The company issued over 14 million units at CAD$0.784 each, with additional private placements up to USD $15.8 million planned. Amidst these financial moves, Garry Flowers has taken over as sole CEO after Libor Michel’s departure earlier this month.
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