INTERNATIONAL BATTERY METALS Business Summary

International Battery Metals Ltd. (IBATF) operates as a specialized technology provider in the lithium extraction sector, generating revenue through a diversified model that includes technology licensing, the construction and sale of proprietary plants on a cost-plus basis, and strategic joint-venture partnerships. The company’s primary business segment is centered on its patented Modular Direct Lithium Extraction (MDLE) systems, which are designed for rapid onsite deployment to extract lithium chloride from diverse brine sources, including oilfield and geothermal brines. By utilizing a closed-loop system that recycles over 95% of processed water without evaporation ponds, IBATF positions itself as a high-efficiency, ESG-compliant alternative to traditional extraction methods. It competes directly with DLE pioneers such as Lilac Solutions, Standard Lithium, and Summit Nanotech, distinguishing itself as the operator of North America’s first commercial-scale modular DLE facility, optimized for scalability and minimal environmental footprint. The leadership team is anchored by Founder and CTO Dr. John Burba, a renowned physical chemist and former CTO of Molycorp Inc., who is credited with developing the company’s core selective absorption technology. The executive suite is led by CEO Joseph A. Mills, a seasoned energy veteran with over 30 years of experience, including previous roles as interim CEO of Talos Energy and leadership positions at Eagle Rock Energy and Roan Resources. Financial operations are overseen by CFO Michael Rutledge, while SVP of Corporate Development Garrett Galloway manages strategic growth. The company is backed by significant institutional support, most notably from EV Metals VII LLC, an investment vehicle controlled by Director Jacob Warnock, which maintains a substantial equity stake and provides critical follow-on financing to accelerate the global deployment of IBATF’s modular extraction units.