and HOUSTON, Feb. 22, 2024 /CNW/ -
International Battery Metals Ltd. , is pleased to announce that it has received a binding commitment from EV Metals VI LLC, a private company controlled by Jacob Warnock to provide immediate private placement financing of US$2 million to be used by the Company to fund its current obligations for the deployment of its modular direct lithium extraction plant in the western United States as previously announced on January 11, 2024. The Company is also pleased to announce that it has appointed Jacob Warnock to the Company's board of directors, effective today. Pursuant to a binding term sheet entered by the Company and EV Metals on February 20, 2024, EV Metals has agreed to an initial closing of not less than US$2,000,000 for units of the Compan...