International Battery Metals Ltd (TSXV:IBAT)

Q3 2026 International Battery Metals Ltd Earnings Call Transcript

Feb 26, 2026 / 04:00 PM GMT

Release Date Price: C$0.195 (+2.63%)

Transcript 10-Q8-K

Key Points

Positve

International Battery Metals Ltd (IBATF) has successfully operated its modular DLE plant, producing 25 tons of high purity lithium carbonate equivalent, validating its core media performance and column design.
The company is actively evaluating strategic partnerships to participate across the broader lithium flow sheet, not just the extraction or DLE step.
IBATF has a strong balance sheet and capital position, supported by additional investments and a successful private placement, ensuring sufficient operating cash for at least the next 12 months.
The company is engaged in ongoing discussions with potential customers and hopes to announce a successful commercial contract soon.
IBATF is focused on enhancing its technology and engineering improvements to reduce costs and increase scalability, aiming to remain at the forefront of the technology race.

Negative

IBATF is still in a pre-commercial phase with modest revenue, primarily from service revenue related to brine testing activities.
The company faces intense competition from other DLE providers, some of which are bidding projects at unsustainable economics.
Upgrades to the existing plant cannot be made until a customer is secured, as the upgrades depend on specific customer requirements and location.
The development of the next generation of media and columns is ongoing, with no immediate breakthroughs expected until possibly 2027.
The timeline for deploying the first MDLE unit is uncertain, with potential deployment not expected until late 2026 or early 2027, depending on customer agreements and plant upgrades.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IBAT.V - International Battery Metals Ltd
Q3 2026 International Battery Metals Ltd Earnings Call
Feb 26, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. At this time, I would like to welcome everyone to the IBAT 3rd quarter 2026 earnings conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press one again.

I would now like to turn the conference over to Brian Siegel, Investor relations. Sir, the floor is yours.

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Unidentified_2 [2]
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