International Battery Metals Ltd. has appointed Michael Rutledge, CPA, as interim Chief Financial Officer, effective immediately. Mr. Rutledge succeeds Doug Smith, who served as CFO since December 11, 2023. With extensive experience as CFO for multiple publicly traded companies across various industries, Mr. Rutledge brings 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 CFO, engaging executive search firms to assist in the process.
In related news, International Battery Metals Ltd. transitioned its common shares from the Canadian Securities Exchange (CSE) to the TSX Venture Exchange (TSXV) on October 7, 2024. This move aimed to enhance the company’s visibility and trading opportunities.
International Battery Metals Ltd. is a Vancouver-based technology company focused on developing environmentally responsible methods for extracting lithium compounds from brine. The company has developed a patented modular direct lithium extraction plant (MDLE Plant) designed for rapid deployment to resource holders’ production sites. IBAT collaborates with resource holders of oilfield brines, brine aquifers, and industrial customers with brine by-products.
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.
