International Battery Metals Ltd (OTC: IBATF) is an advanced technology and manufacturing company focused on direct lithium extraction, deploying its proprietary and patented Modular Direct Lithium Extraction (MDLE) Plants to help owners of lithium brine deposits extract lithium chloride at sufficient concentration and purity to economically facilitate the production of Lithium Carbonate. Revenue is generated through services tied to the deployment and operation of MDLE Plants for brine deposit owners, with a reimbursable expense component also recorded in total revenue, as disclosed in the 10-Q filed 2026-02-25. The company is incorporated in British Columbia, Canada, and targets brine deposit owners across multiple geographies. As of the nine months ended December 31, 2025, the company reported operating losses and cash used in operating activities, reflecting a pre-commercial or early-commercial stage of operations.

Revenue model

Revenue is generated from services provided to owners of lithium brine deposits using MDLE Plants, including a reimbursable expense component recorded in total revenue. The company reported operating losses for the three and nine months ended December 31, 2025, per the 10-Q filed 2026-02-25.

Products and services

Proprietary and patented Modular Direct Lithium Extraction (MDLE) Plants: modular systems that can be deployed, redeployed, and scaled using configurable valves, pumps, proprietary columns, and media to extract lithium chloride from brine deposits for Lithium Carbonate production.

Customers and end markets

Owners of lithium brine deposits, including operators of salar or salt lake brine deposits and brine reservoirs. End market is battery materials supply chain, specifically Lithium Carbonate used in battery manufacturing.

Value-chain role

Technology licensor and equipment provider positioned between brine deposit owners and lithium carbonate producers, supplying extraction technology and modular plant systems.

Geographic exposure

Target geographies include the Lithium Triangle (Argentina, Chile, Bolivia) and brine reservoirs in the US and Canada, per the 10-Q filed 2026-02-25. Company is incorporated in British Columbia, Canada.

Source: SEC 10-Q, filed 2026-02-25

Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)