VANCOUVER, BC and HOUSTON, April 18, 2025 /PRNewswire/ – International Battery Metals Ltd. (“IBAT” or the “Company“) IBAT is pleased to provide an update on certain general corporate matters.

On April 18, 2025, the Board approved the grant of an aggregate of 3,000,000 restricted share units (“RSUs“) to Joseph A. Mills as part of his new role as Chief Executive Officer, which he commenced on April 7, 2025. This allocation aligns with Mr. Mills’ employment agreement (the “Employment Agreement“) and the Company’s restricted share unit plan (the “RSU Plan“). The structure of the RSUs is as follows: 1,000,000 shares will fully vest on April 7, 2026, and 2,000,000 shares will vest upon the completion of two additional Direct Lithium Extraction (“DLE“) plants, alongside the already planned DLE facility. Vesting depends on Mr. Mills’ continued employment through these dates, with provisions for accelerated vesting in case of a change in control transaction as outlined in the Employment Agreement. All RSUs are subject to the RSU Plan terms, applicable securities law hold periods, and TSXV policies.

In a related note, Norma L. Garcia, General Counsel and Corporate Secretary of the Company, received 400,000 options (“Options“) under the Company’s option plan (the “Option Plan“). Each Option, which is exercisable for one common share of the Company for two years from the grant date, has an exercise price of C$0.495 per share. These Options will fully vest on February 12, 2027. Furthermore, Ms. Garcia was awarded 100,000 RSUs in accordance with the RSU Plan, all set to vest by February 12, 2028. Similar to the previous grants, these RSUs are subjected to the RSU Plan terms, applicable securities law hold periods, and TSXV regulations.

About International Battery Metals Ltd.

The Company’s direct lithium extraction technology utilizes proprietary extraction media within patented towers placed on a modular platform. This innovative design streamlines the setup and production processes after arrival at a customer’s site.

Focusing on advanced lithium chloride extraction from groundwater brine deposits, the Company’s method promotes the return of the extracted water back to its aquifer, ensuring a minimal environmental footprint while accelerating lithium delivery.

Joseph A. Mills

Joseph A. Mills, CEO
(832) 683-8839

Neither the TSXV nor its Regulation Services Provider assumes responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release includes information that may be deemed “forward-looking statements” under applicable Canadian securities laws. Statements expressing or discussing predictions, expectations, beliefs, plans, projections, objectives, or future events frequently use terms such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “forecast,” “potential,” “target,” “intend,” “could,” “might,” “should,” “believe,” and related expressions, which are not historical facts and are classified as forward-looking statements.

Actual results could differ significantly from those implied by such forward-looking statements, which involve known and unknown risks, uncertainties, and other factors impacting IBAT’s performance and future events. Factors influencing outcomes include market prices and supply of lithium, demand for lithium, fundraising challenges for advancing business strategies, and broader economic, political, and social uncertainties. Although IBAT finds these expectations reasonable, actual results could vary considerably from those anticipated in this report. Thus, readers should not place undue reliance on forward-looking statements.

All forward-looking statements in this press release are accurate as of the release date and reflect management’s opinions and estimates based on currently available information. IBAT assumes no obligation to revise any forward-looking statements unless required by law.

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SOURCE International Battery Metals Ltd.