Vancouver, British Columbia and Houston, January 14, 2025 /PRNewswire/ – International Battery Metals Company Limited (the “a company“or”various“) (TSXV: IBAT) is pleased to provide an update on certain general corporate matters. Following the Company's most recent annual general meeting held on October 31, 2024, the Board of Directors of the Company announced (“blackboard“), consisting of John Borba (founder), Jacob Warnock, James Schultz, Keith Solar and John SoutherElected John Borba To serve as Chairman of the Council.
on November 26, 2024The Board of Directors approved the grant of a total of 2,705,630 restricted stock units to the Company (“Anchoring units“”) to the members of the Board of Directors of the Company pursuant to the Company's Restricted Stock Unit Plan (“Anchoring plan“). Each Director received a grant of 541,126 RSUs. The RSUs will fully vest one year from the date of grant, and once vested, each RSU will settle into one common share of the Company. All such RSUs are subject to the terms of the RSU Plan, Securities Act Established financial contract periods and policies TSX Venture Exchange (the “TSXV“).
In regards to beginning her role as CEO of the company August 20, 2024Iris Jancic was granted 2,113,814 company options (“Options“”) pursuant to the Company's option plan (“Option planEach option on one common share of the Company may be exercised for a period of ten years from the date of grant at an exercise price of 0.94 Canadian dollars For each share. The options vest as follows: 600,000 on the grant date, 252,302 on the last day of each of the first four six-month periods immediately following the grant date and 252,303 on the last day of each of the first two six-month periods. Immediately after the second anniversary of the grant date. All such options are subject to the terms of the option plan and holding periods of applicable securities law and the policies of the TSXF. Ms. Jancic was also awarded 4,227,630 RSUs pursuant to the RSU Plan. RSUs of 300,000 are vested on the grant date with the remainder vesting in tranches upon completion of certain milestones as agreed upon by Mrs. Jancic And the council. All such RSUs are subject to the terms of the RSU Plan, applicable securities law holding periods and TSXF policies.
About Battery Metals International Co., Ltd
IBAT is an advanced technology company focused on developing environmentally responsible methods for extracting lithium compounds from salt water. IBAT has developed a patented modular direct lithium extraction plant (“MDLE Factory“) which allows rapid deployment at the resource owner's production site. IBAT works with resource owners of oilfield brines, saline aquifers, and industrial customers who have brine by-products. IBAT believes that the modular design of its MDLE plant provides Significant upfront cost savings for customers, proprietary direct lithium extraction technology reduces operating costs by selectively extracting lithium from brine while efficiently removing contaminants.
no TSX Venture Exchange Nor its Regulation Services Provider (as defined in its policies). TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
