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International Battery Metals Ltd V.IBAT

Alternate Symbol(s):  IBATF

International Battery Metals Ltd. (IBAT) is a Canada-based advanced technology and manufacturing company. The Company is focused on environmentally responsible methods of extracting lithium compounds from brine. The Company provides its technology and equipment to holders of resource properties such as oilfield brines, subsurface brine aquifers and industrial customers who have lithium rich brine by products from their operations. The Company’s operations consist of the development of a modular direct lithium extraction plant (MDLE Plant). The MDLE Plant is designed to process brine solutions to extract lithium chloride which can be further processed into lithium carbonate and used for industrial purposes or as a battery component. The Company constructed the first MDLE Plant in Lake Charles, Louisiana.


TSXV:IBAT - Post by User

Post by higherhighson Nov 04, 2017 12:05pm
250 Views
Post# 26905931

IBAT INCREASES FINANCING TO $1.8 MILLION

IBAT INCREASES FINANCING TO $1.8 MILLIONFurther to the news release of Oct. 11, 2017, International Battery Metals Ltd. has increased its brokered offering with Mackie Research Capital Corp. as agent, on a commercially reasonable basis, to offer up to three million units at a price of 60 cents per unit for gross proceeds of up to $1.8-million. The financing is expected to close shortly.
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