International Battery Metals Engages BMO Capital Markets as Financial Advisor

International Battery Metals Ltd. (the "Company" or "IBAT") (CSE: IBAT) (FSE: 8RE) announced that it has engaged BMO Capital Markets ("BMO") as a financial advisor.

BMO and Piper Sandler & Co. will jointly advise the Company on a range of commercial opportunities to position its mobile lithium extraction technology in the lithium industry, with a focus on deploying its current commercial-scale plant. The range of opportunities under consideration include commercial partnerships, joint ventures, as well as business combinations to acquire viable brine resources.

The announcement follows an independent technical review of IBAT's commercial-scale mobile lithium extraction plant by global engineering firm SLR Consulting, which confirmed the patented technology can extract more than 65% of available lithium from brine, effectively strip out impurities and recycle and reuse more than 94% of water.

As designed, this mobile lithium extraction plant has the potential to produce 5,000 metric tons of commercial-grade lithium chloride per year, on a lithium carbonate equivalent basis. Its economical, modular design allows the technology to be deployed more quickly, at far lower costs, than traditional lithium processing methods. Further, the modular design allows for IBAT's technology to be scaled up quickly to extract lithium from the world's largest resources.

International Battery Metals | https://www.ibatterymetals.com/