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StocksMediumUpdated•Originally published 16 April 2026•Updated 16 April 2026•

1 min read

International Battery Metals Secures $2.8M Follow-On Investment from EV Metals

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Key Facts

1International Battery Metals secured a fourth follow-on investment of $2.8 million from EV Metals VII LLC.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The story was updated to include the appointment of Garrett Galloway as a new executive officer to lead growth and business development initiatives.

International Battery Metals Ltd. has secured a $2.8 million private placement from EV Metals VII LLC, marking the fourth tranche of a strategic $15 million funding agreement for its modular direct lithium extraction (DLE) systems. Alongside this capital injection, the company has strengthened its leadership team by appointing Garrett Galloway, Senior Vice President of Corporate Development, as an executive officer effective April 6, 2026. Mr. Galloway originally joined the firm in May 2025 to oversee growth initiatives and business development. The new funding will support the deployment of proprietary DLE technology essential for the electric vehicle battery market. This combination of financial backing and executive expansion validates the company's technical roadmap and operational strategy. While the placement may involve minor share dilution, it provides critical liquidity to accelerate the company's clean tech objectives.