International Battery Metals Ltd. Shifts to TSXV for Growth
International Battery Metals Ltd. Transitions to TSXV
International Battery Metals Ltd. (the "Company" or "IBAT") is excited to share that it will soon be trading on the TSX Venture Exchange (TSXV). This strategic move is aimed at enhancing visibility and trading accessibility for shareholders, marking a significant milestone for the Company.
Details of the New Listing
The common shares of IBAT are expected to commence trading on the TSXV soon. By moving to the TSXV, the Company anticipates increasing its market profile, thus creating more opportunities for growth and visibility. Existing shareholders will not need to take any action during this transition period, simplifying the process for everyone involved.
Voluntary Delisting from the CSE
In tandem with the listing on the TSXV, IBAT has also submitted a request to voluntarily delist from the Canadian Securities Exchange (CSE). This change is due to the belief that the TSXV better aligns with the Company's growth strategy. The delisting from the CSE is expected to be finalized soon, indicating a smooth transition for the shareholders.
Sustained Symbol for Future Trading
IBAT's trading symbol, "IBAT", will remain consistent across exchanges. This will allow existing investors to easily continue trading without the need to familiarize themselves with a new symbol or trading procedure, ensuring a seamless experience during the transition.
About International Battery Metals Ltd.
Now more than ever, international demand for lithium is on the rise, making IBAT's mission crucial. The Company specializes in pioneering environmentally friendly methods to extract lithium compounds from brine. With their innovative modular direct lithium extraction plant (MDLE Plant), they aim to provide quick and efficient solutions for resource holders. This advanced technology is not only eco-conscious but also cuts down on operational costs, making lithium extraction more accessible to various sectors.
Future Outlook and Commitment
With the move to the TSXV, IBAT is optimistic about forging new partnerships and expanding its reach in the lithium extraction market. The Company is committed to advancing its technologies and addressing the needs of its clients in the oilfield brines and industrial markets.
Leadership Statement
"We are thrilled about this new chapter for IBAT," said Iris Jancik, Chief Executive Officer. "Transitioning to the TSXV signifies our dedication to growth and innovation in lithium extraction, and we believe it will open doors for greater opportunities within the industry."
Frequently Asked Questions
What is the reason for the transition to TSXV?
The transition aims to increase visibility and enhance trading accessibility for existing shareholders and potential investors.
Will shareholders need to take action during the delisting?
No, shareholders will not need to take any action during the CSE delisting or TSXV listing.
What will happen to the trading symbol "IBAT"?
The trading symbol will remain unchanged, allowing for continuity in investing.
What technologies does IBAT utilize?
IBAT uses a patented modular direct lithium extraction technology that is environmentally friendly and cost-effective.
Who is the Chief Executive Officer of IBAT?
Iris Jancik is the Chief Executive Officer, leading the company into this new venture.
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