VANCOUVER, BC and HOUSTON, Oct. 3, 2024 /CNW/ - International Battery Metals Ltd. (the "Company" or "IBAT") (CSE: IBAT), is pleased to announce that the Company has received confirmation from the TSX Venture Exchange (the "TSXV") that the common shares in the capital of the Company (the "Common Shares") are expected to commence trading on the TSXV effective market open on Monday, October 7, 2024.
In connection with the listing of the Common Shares on the TSXV, the Company has submitted a request to voluntarily delist the Common Shares from the Canadian Securities Exchange (the "CSE"). The CSE delisting is expected to be effective at the close of the market on Friday, October 4, 2024.
The Company's trading symbol "IBAT" will remain unchanged, and shareholders will not be required to take any action in connection with the CSE delisting and the TSXV listing.
About International Battery Metals Ltd.
IBAT is an advanced technology company focused on the development of environmentally responsible methods of extracting lithium compounds from brine. IBAT has developed a patented modular direct lithium extraction plant ("MDLE Plant") which allows for rapid deployment to a resource holder's production site. IBAT is working with resource holders of oilfield brines, brine aquifers, and industrial customers with brine by-products. IBAT believes the modular design of its MDLE Plant provides significant initial costs savings to customers and the proprietary direct lithium extraction technology lowers operating costs by selectively extracting lithium from the brine while efficiently removing contaminants.
ON BEHALF OF THE BOARD
Iris Jancik, Chief Executive Officer
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
Forward‐looking and cautionary statements
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release may contain statements within the meaning of safe harbor provisions as defined under securities laws and regulations.
This release may contain certain forward-looking statements with respect to certain of the plans and objectives of the Company, including statements with respect to the proposed delisting of the Common Shares on the CSE and the timing thereof, and the proposed listing of the Common Shares on the TSXV and the timing thereof. The use of any of the words "will", "expected", "view", "believes" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual results and developments may differ materially from those contemplated by forward-looking information as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Additional information regarding risks and uncertainties of the Company's business are contained in the Company's public filings which are available under the Company's profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
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SOURCE International Battery Metals Ltd.
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