International Battery Metals Ltd. announced a non-brokered private placement of 14,338,494 units at a price of CAD 0.784 per unit for the gross proceeds of CAD 11,241,379 on April 26, 2024. Each unit consists of one common share of the company and one common share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional common share for a period of two (2) years at an exercise price of CAD 0.98 per common share. The transaction is expected to close on May 2, 2024.

The securities issued under the private placement are subject to a statutory hold period of four months from the date of issuance under Canadian Securities laws