21:07:17 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



International Battery Metals Ltd
Symbol IBAT
Shares Issued 202,255,398
Close 2023-09-21 C$ 1.27
Market Cap C$ 256,864,355
Recent Sedar Documents

International Battery hires Novak to develop IP

2023-09-21 23:52 ET - News Release

Mr. Garry Flowers reports

INTERNATIONAL BATTERY METALS LTD ANNOUNCES ENGAGEMENT OF NOVAK DRUCE CARROLL, LLP

International Battery Metals Ltd. has entered into an engagement agreement with Novak Druce Carroll LLP. Novak LLP is a law firm operating out of the state of Texas, which offers unique services related to intellectual property and patent protection.

Pursuant to the terms of the engagement agreement, Novak LLP will assist the company with the further development and enhancement of its intellectual property and patented protected modular direct lithium extraction unit. As payment for these services, the company has agreed to issue 400,000 common shares to Novak LLP at a deemed issue price per common share of $1.195 (Canadian), as well as to pay $200,000 (U.S.) as an earned fee, for general intellectual property services.

In accordance with the share issuance, the company is also filing with the Canadian Securities Exchange a Form 9 (Notice of Proposed Issuance).

About International Battery Metals Ltd.

The company's direct lithium extraction technology is based on proprietary lithium extraction housed in patented extraction towers that are enclosed in a modular, shippable platform able to be loaded and brought into production within 10 days of arrival on a customer site. Utilizing the patented technology, the company has a focus on advanced extraction of lithium chloride from groundwater salt brine deposits and returning the same water to the subsurface aquifer from which it is extracted. The company's unique patented technology ensures faster delivery of lithium chloride while ensuring minimal environmental impact.

We seek Safe Harbor.

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