VANCOUVER, BC and PLANO, Texas, March 6,
2025 /CNW/ - International Battery Metals Ltd.
("IBAT" or the "Company") (TSXV: IBAT) announces
today that the board of directors of the Company has appointed Mr.
Michael Rutledge as interim Chief
Financial Officer effective immediately.
Effective today, Mr. Michael
Rutledge will assume the role of Interim Chief Financial
Officer from Doug Smith, who has
served as Chief Financial Officer of the Company since December 11, 2023. Mr. Rutledge, CPA, is a
seasoned financial executive with extensive experience as chief
financial officer of multiple publicly traded companies across
various industries. He has a strong background in corporate
finance, SEC reporting, and strategic growth initiatives, including
IPOs and M&A.
The Company has initiated a search for a permanent Chief
Financial Officer and has engaged executive search firms to assist
in the process.
About International Battery Metals Ltd.
The Company's direct lithium extraction technology is based on
proprietary lithium extraction housed in patented extraction towers
that are enclosed in a modular, shippable platform able to be
loaded and brought into production within a short time frame from
the day of arrival on a customer site. Utilizing the patented
technology, the Company's focus has been on advanced extraction of
lithium chloride from ground water salt brine deposits and
returning the same water to the subsurface aquifer. The Company's
unique patented technology ensures faster delivery of lithium
chloride while ensuring minimal environmental impact and lower
costs.
ON BEHALF OF THE BOARD
"Iris Jancik"
Iris Jancik, CEO
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain information that may
constitute "forward-looking statements" under applicable Canadian
securities legislation. These forward-looking statements include,
but are not limited to, statements relating to Company's formal
search for a permanent Chief Financial Officer. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives or future
events or performance (often, but not always, using words or
phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "predict",
"forecast", "potential", "target", "intend", "could", "might",
"should", "believe" and similar expressions) are not statements of
historical fact and may be "forward-looking statements".
Actual results may vary from forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause IBAT's actual
results, performance, achievements, and future events to be
materially different from the results, performance, achievement, or
future events expressed or implied therein. Factors that could
affect the outcome include, among others: future prices and the
supply of metals, the future demand for metals, inability to raise
the money necessary to incur the expenditures required to advance
the Company's business strategies and objectives, general business,
economic, competitive, political, and social uncertainties, results
relating to its extraction technologies, failure to obtain
regulatory or shareholder approvals (if required). IBAT believes
that the expectations reflected in these forward-looking statements
are reasonable, however there can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking statements.
All forward-looking statements contained in this press
release are given as of the date hereof and are based upon the
opinions and estimates of management and information available to
management as at the date hereof. IBAT disclaims any intention or
obligation to update or revise any forward-looking statements,
whether because of new information, future events or otherwise,
except as required by law.
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SOURCE International Battery Metals Ltd.
