International Battery Metals Ltd. Announces Key Management Transition with New Interim CFO

International Battery Metals Ltd. Announces Key Management Transition

Date: March 6, 2025
Location: Vancouver, BC and Plano, Texas

International Battery Metals Ltd., commonly referred to as IBAT, has recently made a significant alteration to its senior management team. On March 6, 2025, the company’s board of directors declared the appointment of Mr. Michael Rutledge as the Interim Chief Financial Officer. This change takes effect immediately, as Mr. Rutledge steps in for Doug Smith, who has held the CFO position since December 11, 2023.

About the New Interim CFO

Michael Rutledge is a certified public accountant (CPA) with a wealth of experience serving as a CFO for several publicly traded companies across different sectors. His extensive expertise encompasses corporate finance, SEC reporting, and strategic growth initiatives, which include Initial Public Offerings (IPOs) and Mergers & Acquisitions (M&A). His track record suggests he will bring invaluable insights and a strategic approach to IBAT during this pivotal period of leadership transition.

Company’s Search for a Permanent CFO

Alongside the appointment of Mr. Rutledge, IBAT has initiated a comprehensive search for a permanent Chief Financial Officer. To facilitate this process, the company has engaged with executive search firms. The goal is to ensure that the next CFO is well-suited to navigate the complexities of IBAT's business strategies and align with the company's vision moving forward.

Overview of International Battery Metals Ltd.

IBAT is at the forefront of lithium extraction technology, employing a proprietary method designed to enhance efficiency in producing lithium chloride from brine deposits. Their patented extraction towers are designed to be modular and easily transportable, allowing for rapid deployment and production capabilities upon arrival at customer sites. This technology not only promises quicker delivery times but also emphasizes environmental responsibility by returning extracted water back to its original underground source.

Environmental Considerations and Innovations

The approach taken by IBAT highlights a commitment to sustainability, seeking to minimize the environmental footprint associated with lithium extraction. The company’s innovative method ensures that lithium is obtained with reduced costs while positioning itself as a leader within the competitive landscape of lithium suppliers. This is particularly crucial as global demand for lithium rises, driven by the electric vehicle market and renewable energy solutions.

Conclusion

As IBAT navigates this transition in senior management, the company remains focused on cementing its position in the lithium extraction industry. The appointment of Michael Rutledge as Interim CFO reflects a strategic decision to bolster leadership capabilities during this important phase. With a commitment to sustainability and a keen eye on growth, International Battery Metals Ltd. is poised to adapt and thrive amidst the challenges of a dynamic market.

The board, represented by CEO Iris Jancik, expressed confidence in Mr. Rutledge's ability to lead as they search for a permanent solution. This commitment to excellence positions IBAT on a path forward, as it aims to leverage its cutting-edge technology in the increasingly important field of battery metals extraction.