International Battery Metals Ltd.

International Battery Metals Ltd. (IBAT) is a Canada-based lithium extraction technology company. The Company is focused on lithium extraction from salars, geothermal brines and oil field brines. It extracts lithium chloride (LiC1) from ground water salt brine deposits and returning the same water to the subsurface aquifer from which it is extracted. The Company develops and operates Mobile, Modular Direct Lithium Extraction (MDLE) technology at commercial scale with lithium brine. IBAT has constructed and commissioned a Modular Direct Lithium Absorption Plant (the Plant) in Lake Charles, Louisiana. The Plant comprises approximately 35 skid-mounted modules and is designed to produce 5,738 tons (t) LiCl in solution per year, from a brine with a lithium concentration of 1,800 g/t Li.