International Battery Metals Ltd. Reports Third Quarter Fiscal Year 2026 Financial Results

Core Viewpoint - International Battery Metals Ltd. (IBAT) is advancing its modular direct lithium extraction (DLE) technology and aims to secure commercial deployments while maintaining a disciplined approach to operations and customer engagement [1]. Financial Highlights - As of December 31, 2025, cash stood at $9.1 million, down from $10.7 million on March 31, 2025 [2]. - The company reported a net income of $0.8 million, or $0.00 per share, compared to a net loss of $10.9 million, or ($0.04) per share in the previous year [2]. - A significant change in fair value of warrant liability resulted in a gain of $3.8 million, contrasting with a loss of $7.6 million in the prior year [2]. - Operating loss was $3.0 million, slightly improved from a loss of $3.3 million [2]. - Revenue increased to $30,000 from a loss of $4,000, reflecting service revenue from brine testing activities [2]. Business Highlights - The company raised an additional $2.0 million in new equity financing [1]. - IBAT's modular DLE technology is being positioned as a scalable component within a broader lithium production framework [1]. - The company is focused on commercial discussions regarding the deployment of its existing MDLE plant and is conducting brine testing and technical evaluations with potential customers in the U.S., Argentina, and the Middle East [1]. - Management is exploring various commercial agreement structures, including licensing and strategic participation models, to enhance long-term value creation [1].