International Battery Metals Ltd. (the “Company”) has announced its intention to complete a subsequent closing of its previously announced strategic private placement (the “Private Placement”). The Private Placement will see the issuance of a minimum of 8,478,246 units at a price of per unit for gross proceeds of (approximately ). The proceeds of the Private Placement will be used for expenditures to increase the production capacity of the Company’s modular direct lithium extraction plant (the “DLE Plant”) as well as general working capital purposes.