IBATF on OTC

INTERNATIONAL BATTERY METALS LTD.

Canadian Mining and Quarrying of Nonmetallic Minerals company2

In its 2026 annual report the company says: “We are a pre-revenue, development-stage company with a limited operating history, a history of losses, and substantial doubt regarding our ability to achieve profitability. Our success depends on our ability to identify customers, enter into commercially reasonable arrangements, and convert testing, pilot work, and business development efforts into revenue-generating contracts.”8 It is headquartered in Vancouver, Canada.2 Its shares trade on OTC under the symbol IBATF.2

$0.07 down 0.00 (2.64%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 20, 2026.

Overview

$122.0KNet income, fiscal 20264

Compare with another stock.

  • TickerIBATF on OTC2
  • IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)2
  • HeadquartersVancouver, Canada2
  • Incorporated inBritish Columbia, Canada5
  • Business address12 Greenway Plaza, Suite 1100, Houston, Tx 770465
  • Filer category, Emerging growth company5
  • Legal formCorporation2
  • LEI529900HNV6AFJ7DN2I872
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address510 - 744 W. Hastings Street, V6C 1A5 Vancouver, Canada2

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

0.4%Return on equity4
-$10.1MFree cash flow4

Financial statements

Gross profit4$130.0K in 2026−85% since 2025
0$250.0K$500.0K$750.0K$1.0M2025: $871.0K$871.0K20252026: $130.0K$130.0K2026−85%
Operating income4-$13.5M in 2026−11% since 2025
-$20.0M-$15.0M-$10.0M-$5.0M02025: -$15.2M-$15.2M20252026: -$13.5M-$13.5M2026−11%
Net income4$122.0K in 2026
-$4.0M-$3.0M-$2.0M-$1.0M0$1.0M2025: -$3.5M-$3.5M20252026: $122.0K$122.0K2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2026-03-312025-03-31
Total Revenue$164.0K$871.0K
Cost of revenue$34.0K$0
Gross margin$130.0K$871.0K
Operating costs, excluding depreciation$2.1M$3.5M
Selling, general and administrative expenses, excluding depreciation$8.5M$9.0M
Reimbursable expenses$0$871.0K
Amortization of intangible assets$1.1M$1.1M
Depreciation$2.0M$1.6M
Operating loss-$13.5M-$15.2M
Bad debt expense$0-$502
Excess fair value of warrants over private placement proceeds-$439.0K-$1.0M
Loss on warrants modification-$2.4M$0
Change in fair value of warrant liabilities$16.5M$13.2M
Other income/(loss)$3.0K$0
Net income before income tax provision$122.0K-$3.5M
Net income (loss)$122.0K-$3.5M
Net income/(loss) per share, basic$0.00-$0.01
Net income/(loss) per share, diluted$0.00-$0.01
Weighted average shares outstanding, basic296.6M shares238.4M shares
Weighted average shares outstanding, diluted301.0M shares238.4M shares

Compare INTERNATIONAL BATTERY METALS LTD. with another company

Corporate structure

INTERNATIONAL BATTERY METALS LTD. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of INTERNATIONAL BATTERY METALS LTD.

  • Ensorcia Metals Corp Filed SCHEDULE 13G on INTERNATIONAL BATTERY METALS LTD., latest May 15, 2026
  • Jacob Aaron Warnock Filed SCHEDULE 13D/A on INTERNATIONAL BATTERY METALS LTD., latest Apr 30, 2026 (4 filings since Feb 6, 2026)
  • Encompass Capital Advisors LLC Filed SCHEDULE 13G on INTERNATIONAL BATTERY METALS LTD., latest Feb 2, 2026
  • INTERNATIONAL BATTERY METALS LTD. Vancouver, British Columbia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What INTERNATIONAL BATTERY METALS LTD. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$30.4M4 Mar 31, 2026$30.0M4 Mar 31, 2025+1.3%
Accumulated depreciation$3.6M4 Mar 31, 2026$1.6M4 Mar 31, 2025+129.1%
Property and equipment, net$26.8M4 Mar 31, 2026$28.4M4 Mar 31, 2025−5.7%
Operating-lease assets (leased space)$141.0K4 Mar 31, 2026$232.0K4 Mar 31, 2025−39.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.2M4 Mar 31, 2026$10.7M4 Mar 31, 2025−14.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$2.2M4 Mar 31, 2026$3.3M4 Mar 31, 2025−32.9%
Finite-lived intangibles, gross$9.3M4 Mar 31, 2026$9.3M4 Mar 31, 20250%
Accumulated amortization$7.1M4 Mar 31, 2026$6.0M4 Mar 31, 2025+17.9%
Finite-lived intangibles, net$2.2M4 Mar 31, 2026$3.3M4 Mar 31, 2025−32.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.1M4 Mar 31, 2026$1.1M4 Mar 31, 20250%

Properties, in its own words

We lease our principal executive offices, which are located at 12 Greenway Plaza, Suite 1100, Houston, Texas 77046.

Item 2 of the 10-K filed Jun 18, 2026.8

Leadership

Who has led INTERNATIONAL BATTERY METALS LTD., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph A. Mills2026–now

Chief financial officer

  1. Michael A. Rutledge2026–now
Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerDaniel Christie named Dec 26, 2023 to Dec 27, 202319
  • Executive OfficerGarry Flowers named Dec 26, 2023 to Dec 27, 202319

Timeline

  1. Aug 13, 20268-K Results of operations20
  2. Aug 12, 20268-K Executive or director change21
  3. Aug 5, 20268-K Results of operations; Regulation FD disclosure22
  4. Jul 27, 20268-K Executive or director change; Regulation FD disclosure23
  5. Jun 30, 20268-K Change of auditor24
  6. Jun 17, 20268-K Results of operations25
  7. Jun 8, 20268-K Results of operations; Regulation FD disclosure26
  8. Apr 29, 20268-K Entered a material agreement; Unregistered sale of shares27
  9. Apr 16, 20268-K Unregistered sale of shares28
  10. Feb 25, 20268-K Results of operations29
  11. Feb 23, 20268-K Entered a material agreement; Unregistered sale of shares30
  12. Feb 19, 20268-K Results of operations; Regulation FD disclosure31
  13. Feb 4, 2026New chief executive Joseph A. Mills becomes CEO9

Calendar

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results20
  2. Aug 5, 2026Reported quarterly or annual results22
  3. Jun 17, 2026Reported quarterly or annual results25
  4. Jun 8, 2026Reported quarterly or annual results26
  5. Feb 25, 2026Reported quarterly or annual results29
  6. Feb 19, 2026Reported quarterly or annual results31
  7. Feb 10, 2026Reported quarterly or annual results32

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

65 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 13 major events, 23 insider forms, 6 large holders, 2 private raises, 18 other. The latest 20:

  1. Oct 9, 2026DEF 14A EDGAR
  2. Sep 29, 2026PRE 14A EDGAR
  3. Aug 21, 20263 EDGAR
  4. Aug 13, 20268-K EDGAR
  5. Aug 12, 202610-Q EDGAR
  6. Aug 12, 20268-K EDGAR
  7. Aug 5, 20268-K EDGAR
  8. Jul 27, 20268-K EDGAR
  9. Jul 1, 20264 EDGAR
  10. Jun 30, 20268-K EDGAR
  11. Jun 23, 20264 EDGAR
  12. Jun 18, 202610-K EDGAR
  13. Jun 17, 20264 EDGAR
  14. Jun 17, 20268-K EDGAR
  15. Jun 8, 20268-K EDGAR
  16. Jun 4, 20264 EDGAR
  17. May 15, 2026SCHEDULE 13G EDGAR
  18. May 14, 20264 EDGAR
  19. Apr 30, 20264 EDGAR
  20. Apr 30, 2026SCHEDULE 13D/A EDGAR

The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 2 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 2, 2026RUTLEDGE MICHAEL AChief Financial OfficerSale197,292$0.09$17.8KForm 4
Apr 29, 2026WARNOCK JACOB AARONDirectorBuy34,315,465$0.08$2.7MForm 4
Feb 23, 2026EV Metals 7 LLC10% ownerBuy26,427,053$0.08$2.1MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Joseph MillsChief Executive Officer$520.8K$2.7M36
2026Michael RutledgeChief Financial Officer56$291.7K$1.5M36
2026Iris JancikFormer Chief Executive Officer$18.3K$743.3K36
2026Dr. John BurbaChief Technology Officer74$265.0K$394.4K36
2025Iris JancikFormer Chief Executive Officer$370.4K$4.7M36
2025Dr. John BurbaChief Technology Officer74$221.7K$348.4K36
2025Michael RutledgeChief Financial Officer56$26.5K$26.5K36

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 12, 2023Filed a private offering of equity Form D: $158,824 offered in all Form D
  2. Dec 8, 2023Raised $420,295 in a private offering of equity Form D: $840,591 offered in all Form D

SEC filer profile

How INTERNATIONAL BATTERY METALS LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARINTERNATIONAL BATTERY METALS LTD.1
  • CIK0001786318
  • Employer ID (EIN)00-00000008
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company8
  • Incorporated inCanada8
  • Fiscal year endsMarch 311
  • Industry code (SIC)1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address12 Greenway Plaza, Suite 1100, Houston, TX 770461
  • Phone77893942281
  • Shares outstanding379,001,682 as of Aug 5, 20266
  • Public float$33.6M as of Sep 30, 20258
  • AuditorCBIZ CPAs P.C., Houston, Texas PCAOB ID 199; no auditor attestation of internal control over financial reporting8
  • On EDGAR sinceSep 6, 20191
  • Filings68 in all: 8-K (13), 3 (12), 4 (10), D (5), S-1/A (5), SCHEDULE 13D/A (3), 10-Q (2), 424B3 (2)1
    All 21 form types

    EFFECT (2), S-1 (2), SCHEDULE 13G (2), 10-K (1), 3/A (1), 8-A12G (1), CORRESP (1), DEF 14A (1), DRS (1), PRE 14A (1), S-8 (1), SCHEDULE 13D (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Jun 18, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Oct 9, 2026
    Latest 8-K (8-K) Aug 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, no par valueIBAT
Common Stock, no parIBATF

From the cover page of the 10-K filed Jun 18, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks INTERNATIONAL BATTERY METALS LTD. names in Item 1A of its 10-K filed Jun 18, 2026: 39 risks under these headings, as written.8

  • Risks Relating to Our Business
  • We are a pre-revenue, development-stage company with a limited operating history, an untested business model and significant commercialization risk, and we may never generate positive cash flow or achieve profitability.
  • Our success as a company developing technology to extract and process lithium chloride depends largely on our research and development capabilities.
  • We will need to incur significant funds in connection with the identification of a customer for, and deployment of, our Initial MDLE Plant and may be unable to secure sufficient capital to fund these costs.
  • We have historically incurred losses, expect future losses, and may never achieve or maintain profitability.
  • The success of our business will depend on our ability to identity and successfully negotiate commercially reasonable agreements with potential customers to install and operate our MDLE Plants.
  • Our long-term success depends on our ability to provide customers the ability to extract lithium chloride from their brine and convert the resulting lithium chloride into lithium carbonate.
  • We face intense competition, and we may not be able to compete successfully.
  • Demand and fluctuation in market prices for lithium will greatly affect the results of our operations and our ability to successfully execute on our business plan.
  • Our long-term success depends on the ability of us or our customers to enter into offtake agreements to deliver lithium chloride or lithium carbonate.
  • We may not be successful in our efforts to lease our initial or future MDLE Plants or license our technology, which could adversely affect our business.
  • Our ability to deploy our MDLE Plant technology depends on the availability of brine resources with sufficient concentration and purity.
The other 28 risks
  • Volatility in the demand for lithium products or the development of alternative battery technologies that do not utilize lithium inputs may negatively impact overall prospects for growth of lithium marketing and pricing.
  • Changes in government incentives for electric vehicles and other lithium-based end products could adversely affect demand for lithium and our business.
  • Environmental risks and stringent regulations related to lithium-based products may lead to additional disclosure requirements and substantial expenditures to ensure compliance.
  • Geopolitical uncertainty may adversely affect our ability to deploy or place our MDLE Plants in foreign jurisdictions, which could materially and adversely affect our business, prospects and results of operations.
  • We expect that we will be dependent on one or a small group of customers for most of our revenue, and our failure to expand our customer base would have an adverse effect on our business growth and may result in changes to our business strategy.
  • Our dependence on third-party suppliers could negatively affect our operating results.
  • Increased cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products, solutions, services and data.
  • The requirements of being a reporting public company in Canada and the United States may strain our resources and divert management’s attention.
  • Failure to maintain effective controls over financial reporting could have a material adverse effect on our business and share price.
  • Our ability to maintain effective internal controls over financial reporting and disclosure controls may be adversely affected by the limited size of our company.
  • We may qualify as a passive foreign investment company, or “PFIC,” which could result in adverse U.S. federal income tax consequences to U.S. investors.
  • We are dependent on a small number of key personnel, and the loss of any of them could have a disproportionate effect on our business.
  • Risks Relating to Government Regulation
  • We anticipate that we are and will continue to be, subject to the authority and approvals of certain regulatory agencies, both domestically and internationally, with regard to the development, testing, manufacture, and installation of the MDLE Plant, and there can be no assurance that any required regulatory approvals may be obtained or maintained.
  • Ensuring maintenance of community relations and license to operate is critical in ensuring the future success of our existing operations.
  • We may not have or be able to obtain adequate funding to complete any additional studies or other steps that regulatory authorities may impose in assessing our technology for regulatory approval.
  • Domestic and foreign government regulation and enforcement of data practices and data tracking technologies is expansive, broadly defined and rapidly evolving. Such regulation could directly restrict portions of our business.
  • Risks Related to Intellectual Property
  • Patent terms may be inadequate to protect our competitive position on our core technology for an adequate amount of time.
  • Intellectual property rights do not necessarily address all potential threats to our business.
  • If we are unable to protect the confidentiality of our trade secrets, our business and competitive position could be harmed.
  • We may be subject to claims that our employees, consultants or independent contractors have wrongfully used or disclosed confidential information of their former employers or other third parties.
  • Our ability to obtain intellectual property protection for our technology is limited. If we cannot obtain intellectual property protection for our technology our business may be negatively impacted.
  • If we infringe the intellectual property rights of others, we may be required to cease operations related to infringement in some markets and our business may be negatively affected.
  • Risks Relating to Our Common Shares
  • Our Common Shares is currently thinly traded on the TSX Venture Exchange and on OTCQB and the public price for our Common Shares is volatile. We can offer no assurance that an active trading market for our Common Shares will develop or that the public price of our Common Shares will become less volatile.
  • The market price of the Common Shares is volatile and may not accurately reflect the long-term value of the Company.
  • We are an “emerging growth company” and a “smaller reporting company” and we cannot be certain if the reduced disclosure requirements applicable to us will make our Common Shares less attractive to investors.
  • As a pre-revenue company, we expect to fund our operations with equity offerings, including common shares and warrants, until we can generate sufficient cash from operations to support the business. In connection with these equity offerings, shareholders may experience immediate dilution and, as a result, our share price may decline.
  • Our Warrants are not currently traded and our Common Shares may become thinly traded and investors may be unable to sell at or near ask prices, or at all, and may lose some or all of their investment.
  • Our Common Shares are considered a “penny stock,” and is thereby subject to additional sale and trading regulations that may make it more difficult to sell. Further, the market for penny stocks has suffered in recent years from patterns of fraud and abuse.

Legal proceedings

In the ordinary course of business, we may be subject to certain contingent liabilities with respect to existing or potential claims, lawsuits, and other proceedings, including those involving tax, social security, labor lawsuits and other matters.

The opening of Item 3, Legal Proceedings.8

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
    Yahoo FinanceIBATF quote
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36