International Battery Metals Ltd
ibatterymetals.comWhat Do They Do?
Develops modular direct lithium extraction plants that process brine into lithium chloride for brine-resource owners and industrial customers with lithium-rich brine by-products.
10-K for FY2026, filed Jun 18, 2026We are an advanced technology and manufacturing company focused on exploiting our proprietary and patented technology used in our modular…View ↗
We believe our MDLE Plants can be utilized by owners on a variety of different brine deposits including, (i) salar or salt lake brine…View ↗
Our MDLE Plants are designed to process brine solutions to extract lithium chloride which can be further processed into lithium carbonate…View ↗
Who Are Their Customers?
Targets owners of natural brine deposits and industrial operators with lithium-rich brine by-products. It markets directly to resource owners and works with licensees or a collaboration partner to evaluate opportunities in their regions.
10-K for FY2026, filed Jun 18, 2026We are focused on marketing our technology to customers who have naturally occurring brine deposits: (i) salar or salt lake brine deposits…View ↗
Our sales and marketing efforts are currently focused on (i) identifying a US owner of brine resources or reservoirs to take possession of…View ↗
Explore Opportunities in new geographic areas. We believe there is increasing support by U.S. and international governments for the…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 74 cents of every revenue dollar as net income in , but spent more cash than it brought in: free cash flow was −$10.1M.
10-K for FY2026, filed Jun 18, 2026
−$13.5MView ↗
10-K for FY2026, filed Jun 18, 2026
$122KView ↗
10-K for FY2026, filed Jun 18, 2026
−$10.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed Aug 12, 2026
−$28KView ↗
- ▼ Now a loss
- vs $1.7M in Q1 FY2025
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Jul 27, 2026
CEO resigned; interim CEO appointed
Joseph Mills resigned as CEO and a board member, and the board appointed Garrett Galloway interim CEO.
Sources
8-K, filed Jul 27, 2026
Resignation of Chief Executive Officer Effective July 21, 2026 (the “Effective Date”), Joseph Mills resigned from his roles as Chief…View ↗
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Jun 30, 2026
Company changed its independent auditor
The company dismissed CBIZ CPAs and engaged Grant Thornton as its independent auditor.
Sources
8-K, filed Jun 30, 2026
On June 24, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of International Battery Metals Ltd. (the…View ↗
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