Recent Updates — IBATF
International Battery Metals Ltd. announced it will hold a conference call and webcast on Monday, November 16, 2026, at 11:30 a.m. Eastern Time to discuss its financial and operational results for the second quarter of fiscal year 2027, which ended September 30, 2026. The company intends to issue a press release outlining these results prior to market open on that day. This filing serves as notice of the upcoming earnings discussion rather than disclosing specific financial figures or guidance at this time. International Battery Metals Ltd. is an advanced technology provider specializing in modular direct lithium extraction (DLE) systems for extracting lithium from brine and produced water.
The Board appointed Donald E. Bender, currently Vice President of Technology & Engineering, as Interim Chief Executive Officer effective October 26, 2026. Mr. Bender receives an annualized cash compensation of $100,000 for this role in addition to his existing salary. James Garrett Galloway ceases serving as Interim CEO and returns to his position as Senior Vice President of Corporate Development, where he will focus on project partnerships and commercial agreements. The Board stated the transition aligns leadership with the company's current stage of pursuing global project opportunities requiring technical diligence.
International Battery Metals Ltd. reported financial results for the first quarter of fiscal year 2027 ended June 30, 2026. Revenue increased to $120 thousand from $7 thousand in the prior year period, driven by service revenue from brine testing activities. Operating loss narrowed to $2.9 million compared to $3.6 million previously, aided by a $2.9 million gain on the change in fair value of warrant liability. The company reported a net loss of $28 thousand, or $0.00 per share, versus a net income of $1.7 million in the prior year. Interim CEO Garrett Galloway highlighted continued technical evaluation and commercial pursuit in the Smackover, Middle East, and Argentina. International Battery Metals Ltd. is a direct lithium extraction technology company focused on advancing the development of lithium from brine resources.
International Battery Metals Ltd. appointed Scott Colangelo to its Board of Directors effective August 11, 2026. Mr. Colangelo serves as Chairman and Co-Founder of Prime Capital Investment Advisors and was simultaneously assigned to the Audit Committee. He will hold office until the next annual meeting under standard non-employee director compensation terms. The company operates in the mining sector, focusing on battery metals exploration.
Joseph Mills resigned as Chief Executive Officer and from the Board of Directors effective July 21, 2026, transitioning to an advisory role through September 19, 2026. The Board appointed James Garrett Galloway, currently Senior Vice President of Corporate Development, as Interim Chief Executive Officer effective July 27, 2026, with an annualized cash compensation of $100,000. International Battery Metals Ltd. is an advanced technology provider of modular direct lithium extraction (DLE) systems.