{"success":true,"data":{"pressRelease":{"id":"117863","rtpr_id":"nACSg8Fysa","ticker":"IBAT","exchange":"NASDAQ","all_tickers":["IBAT"],"title":"International Battery Metals Ltd. Reports First Quarter of Fiscal Year 2027 Financial Results","author":"ACCESSWIRE","published_at":"2026-08-13T11:00:03.241Z","article_body":"Continued Advancement Towards Commercial Positioning of Modular Direct Lithium\nExtraction (DLE) Technology\n\nVANCOUVER, BC AND HOUSTON, TX / ACCESS Newswire\n(https://www.accessnewswire.com/) / August 13, 2026 / International Battery\nMetals Ltd. (https://pr.report/p2cx) (\"IBAT\" or the \"Company\")\n(TSXV:IBAT)(OTCQB:IBATF), an advanced technology provider of modular direct\nlithium extraction (DLE) systems, today reported financial results for its\nfirst quarter of fiscal 2027, ended June 30, 2026.\n\nGarrett Galloway, Interim Chief Executive Officer of IBAT, commented:\n\n\"First off, I want to thank Joe Mills for everything we accomplished over the\npast year and a half. Under Joe's leadership, IBAT stabilized the business,\nbuilt out a strong execution team, and ran testing programs that proved out\nour technology across various different brines and regions. We also defined\nour flowsheet and exactly where IBAT fits in, and what counterparties are\nright for our application and strategy. Importantly, we also moved key\ninitiatives forward that will carry us from the lab to the field.\n\n\"My focus is the next step, taking that work and putting our technology into\nthe field. I've been leading the counterparty conversations for the past year,\nso this transition doesn't change where we're headed or how we get there. The\ntechnical and operational teams have not changed and are ready for execution.\nWe're actively pursuing opportunities in the Smackover, the Middle East and\nArgentina. The market remains supportive, and resource owners are engaging\nmore in evaluating potential projects and DLE.\"\n\nFirst Quarter Fiscal Year 2026 Business Highlights\n*\nContinued brine testing and technical evaluation activities with prospective\ncustomers in the United States, the Middle East and Argentina;\n*\nActively pursued commercial opportunities to deploy the existing modular DLE\nplant in the Smackover and the Middle East;\n*\nImplemented a disciplined cost structure while prioritizing customer\nengagement and proposal development;\n*\nContinued positioning IBAT's modular DLE technology as a scalable component\nwithin a broader lithium production flowsheet with additional resource owners\nin the Smackover and other North American locations.\n\nFirst Quarter Financial Highlights (fiscal year 2027 versus fiscal year 2026)\n*\nRevenue: $120 thousand compared to $7 thousand, reflecting service revenue\nfrom brine testing activities.\n*\nOperating Costs (excluding depreciation): $0.4 million compared to $0.6\nmillion.\n*\nSelling, General and Administrative Expenses (excluding depreciation): $1.8\nmillion compared to $2.3 million.\n*\nOperating Income/Loss: loss of $2.9 million compared to $3.6 million.\n*\nChange in Fair Value of Warrant Liability: gain of $2.9 million compared to\n$5.3 million in the prior year.\n*\nNet Income/(Loss) and Basic and Diluted Earnings Per Share (EPS): net loss of\n$28 thousand, or $0.00 basic and diluted earnings per share, compared to net\nincome of $1.7 million, or $0.01 basic and diluted earnings per share.\n\nConference Call Information\n\nThe Company will host a conference call tomorrow, Thursday, August 13, 2026,\nat 11:00 a.m. Eastern Time to discuss financial and operational results.\n\nDial-in and Webcast Information\nDate/Time: Thursday, August 13, 2026, at 11:00 a.m. Eastern Time\nToll-Free (North America): +1 (800) 715-9871\nToll/International: +1 (646) 307-1963\nConference Call ID: 1630864\nWebcast Link: https://app.webinar.net/d3e8yX6Wrnx\n\nReplay Information\nToll-Free (North America) +1 (800) 770-2030\nToll/International: +1(609) 800-9909\nConference Call ID: 1630864#\nExpiration: Thursday, August 27, 2026, 11:59 p.m. CST.\n\nAbout International Battery Metals Ltd.\n\nInternational Battery Metals Ltd. is a direct lithium extraction technology\ncompany focused on advancing the development of lithium from brine resources.\nThe Company delivers a proprietary DLE process through a modular plant design\nand architecture built around its media and column systems. Depending on\ncustomer requirements, IBAT integrates its DLE process into existing customer\nflowsheets or specifications or delivers a full flowsheet solution using its\nproprietary DLE design in conjunction with strategic partnerships. With\noperational field deployment experience, International Battery Metals is\npositioned to support the next phase of lithium project development as global\nbattery demand continues to expand. The Company is headquartered in Houston,\nTexas.\n\nSpecial Note Regarding Forward-Looking Statements\n\nThis press release and our earnings call include information regarding the\nCompany's future financial and operational performance and plans, targets,\naspirations, expectations, and objectives of management, constitute\nforward-looking statements within the meaning of Section 21E of the Exchange\nAct and forward-looking information within the meaning of Canadian provincial\nand territorial securities laws. We refer to all of these as forward-looking\nstatements. Forward-looking statements are forward-looking in nature and,\naccordingly, are subject to risks and uncertainties. All statements other than\nstatements of historical fact included in this quarterly report regarding the\nprospects of the Company's industry or its prospects, plans, financial\nposition or business strategy may constitute forward-looking statements. In\naddition, forward-looking statements generally can be identified by the use of\nforward-looking words such as \"plans,\" \"expects,\" \"does not expect,\" \"is\nexpected,\" \"look forward to,\" \"budget,\" \"scheduled,\" \"estimates,\" \"forecasts,\"\n\"will continue,\" \"intends,\" \"the intent of,\" \"have the potential,\"\n\"anticipates,\" \"does not anticipate,\" \"believes,\" \"should,\" \"should not,\" or\nvariations of such words and phrases that indicate that certain actions,\nevents or results \"may,\" \"could,\" \"would,\" \"might,\" \"will,\" \"be taken,\"\n\"occur,\" \"be achieved,\" or the negative of these terms or variations of them\nor similar terms and include, without limitation, statements regarding our\nexpectations or beliefs regarding:\n*\nour expectations regarding industry demand for lithium;\n*\nour beliefs regarding demand for our current MDLE Plant and MDLE Plant\ntechnology;\n*\nour strategies for attracting customers and deploying our MDLE Plant; and\n*\nour expectations regarding the amount and timing of our future financing\nrequirements and fund raising process.\n\nOur forward-looking statements, included in this quarterly report and\nelsewhere, represent management's expectations as of the date that they are\nmade and we undertake no obligation to update these statements. Our\nforward-looking statements are based on assumptions and analyses made by the\nCompany in light of its experience and its perception of historical trends,\ncurrent conditions and expected future developments, as well as other factors\nit believes are appropriate in the circumstances. However, these\nforward-looking statements are subject to a number of risks and uncertainties\nand actual results may differ materially from those expressed or implied in\nsuch statements. Important factors that could cause actual results, level of\nactivity, performance or achievements to differ materially from those\nexpressed or implied by these forward-looking statements include those risks\nset forth in our SEC filings and risks related to:\n*\nindustry demand and market prices for lithium;\n*\nour ability to attract and negotiate a definitive agreement with a customer\nfor our current MDLE Plant;\n*\nour ability to customize the MDLE Plant to meet the needs of a customer,\nincluding our ability to fund such customizations;\n*\nour ability to protect our intellectual property rights in our technology;\n*\nthe success or failure of management's efforts to continue to develop the next\ngeneration of our MDLE Plant technology;\n*\nrapid technological change that could cause our technology to become obsolete\nor not cost-effective;\n*\nthe loss of key members of our management team;\n*\nour ability to expand in existing and new markets; and\n*\nour ability to obtain adequate or timely funding to operate our business and\nmeet our future capital expenditure requirements.\n\nInvestor Relations Contact:\nBrian Siegel, IRC, MBA\nSenior Managing Director\nHayden IR\n(346) 396-8696\nbrian@haydenir.com\n\nInternational Battery Metals Ltd.\nCondensed Consolidated Balance Sheets\nAs of June 30, 2026 and March 31, 2026\n(In thousands)\n\n June 30, 2026 March 31, 2026 \n (Unaudited) \n Assets \n Current assets \n Cash $ 9,441 $ 9,187 \n Accounts receivable, net 58 90 \n Supply inventory 1,061 1,061 \n Other current assets 245 251 \n Total current assets 10,805 10,589 \n \n Plant and equipment, net 26,341 26,842 \n Intangible assets, net 1,921 2,190 \n Right of use asset 116 141 \n Total assets $ 39,183 $ 39,762 \n \n Current liabilities \n Accounts payable $ 187 $ 395 \n Accrued liabilities 489 892 \n Lease obligation, current 100 99 \n Total current liabilities 776 1,386 \n \n Warrant liability 9,790 9,968 \n Lease obligation, long-term 20 44 \n Total liabilities 10,586 11,398 \n \n Commitments and contingencies (Note 15) \n \n Shareholders' equity \n Share capital, no par 378,001 and 343,033 common shares issued and outstanding, respectively, as of June 30, 2026 and March 31, 2026, respectively 68,069 67,808 \n Accumulated deficit (39,472 ) (39,444 ) \n Total shareholders' equity 28,597 28,364 \n Total liabilities and shareholders' equity $ 39,183 $ 39,762 \n\nInternational Battery Metals Ltd.\nCondensed Consolidated Statements of Income (Loss)(Unaudited)\nFor the Three Months and Years Ended June 30, 2026 and 2025\n(In thousands, except per share amounts)\n\n Three Months Ended June 30, \n 2026 2025 \n REVENUE \n Service $ 120 $ 7 \n Total Revenue 120 7 \n \n COST OF REVENUE \n Cost of revenue 3 1 \n Gross margin 117 6 \n \n OPERATING COSTS AND EXPENSES \n Operating costs, excluding depreciation 409 600 \n Selling, general and administrative expenses, excluding depreciation 1,843 2,277 \n Amortization of intangible assets 269 269 \n Depreciation 503 498 \n Operating loss (2,907 ) (3,638 ) \n Change in fair value of warrant liability 2,883 5,323 \n Other income (loss) (4 ) 3 \n Net income (loss) before income tax provision (28 ) 1,688 \n Net income (loss) $ (28 ) $ 1,688 \n \n Net income (loss) per share, basic $ (0.00 ) $ 0.01 \n Net income (loss) per share, diluted $ (0.00 ) $ 0.01 \n \n Weighted average shares outstanding, basic 361,957 271,055 \n Weighted average shares outstanding, diluted 361,957 277,424 \n\nSOURCE: International Battery Metals Ltd.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/international-battery-metals-ltd.-reports-first-quarter-of-fiscal-year-2027-finan-1206826)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSg8Fysa","title":"International Battery Metals Ltd. Reports First Quarter of Fiscal Year 2027 Financial Results","author":"ACCESSWIRE","ticker":"IBAT","created":"2026-08-13T11:00:03.241Z","tickers":["IBAT"],"exchange":"NASDAQ","article_body":"Continued Advancement Towards Commercial Positioning of Modular Direct Lithium\nExtraction (DLE) Technology\n\nVANCOUVER, BC AND HOUSTON, TX / ACCESS Newswire\n(https://www.accessnewswire.com/) / August 13, 2026 / International Battery\nMetals Ltd. (https://pr.report/p2cx) (\"IBAT\" or the \"Company\")\n(TSXV:IBAT)(OTCQB:IBATF), an advanced technology provider of modular direct\nlithium extraction (DLE) systems, today reported financial results for its\nfirst quarter of fiscal 2027, ended June 30, 2026.\n\nGarrett Galloway, Interim Chief Executive Officer of IBAT, commented:\n\n\"First off, I want to thank Joe Mills for everything we accomplished over the\npast year and a half. Under Joe's leadership, IBAT stabilized the business,\nbuilt out a strong execution team, and ran testing programs that proved out\nour technology across various different brines and regions. We also defined\nour flowsheet and exactly where IBAT fits in, and what counterparties are\nright for our application and strategy. Importantly, we also moved key\ninitiatives forward that will carry us from the lab to the field.\n\n\"My focus is the next step, taking that work and putting our technology into\nthe field. I've been leading the counterparty conversations for the past year,\nso this transition doesn't change where we're headed or how we get there. The\ntechnical and operational teams have not changed and are ready for execution.\nWe're actively pursuing opportunities in the Smackover, the Middle East and\nArgentina. The market remains supportive, and resource owners are engaging\nmore in evaluating potential projects and DLE.\"\n\nFirst Quarter Fiscal Year 2026 Business Highlights\n*\nContinued brine testing and technical evaluation activities with prospective\ncustomers in the United States, the Middle East and Argentina;\n*\nActively pursued commercial opportunities to deploy the existing modular DLE\nplant in the Smackover and the Middle East;\n*\nImplemented a disciplined cost structure while prioritizing customer\nengagement and proposal development;\n*\nContinued positioning IBAT's modular DLE technology as a scalable component\nwithin a broader lithium production flowsheet with additional resource owners\nin the Smackover and other North American locations.\n\nFirst Quarter Financial Highlights (fiscal year 2027 versus fiscal year 2026)\n*\nRevenue: $120 thousand compared to $7 thousand, reflecting service revenue\nfrom brine testing activities.\n*\nOperating Costs (excluding depreciation): $0.4 million compared to $0.6\nmillion.\n*\nSelling, General and Administrative Expenses (excluding depreciation): $1.8\nmillion compared to $2.3 million.\n*\nOperating Income/Loss: loss of $2.9 million compared to $3.6 million.\n*\nChange in Fair Value of Warrant Liability: gain of $2.9 million compared to\n$5.3 million in the prior year.\n*\nNet Income/(Loss) and Basic and Diluted Earnings Per Share (EPS): net loss of\n$28 thousand, or $0.00 basic and diluted earnings per share, compared to net\nincome of $1.7 million, or $0.01 basic and diluted earnings per share.\n\nConference Call Information\n\nThe Company will host a conference call tomorrow, Thursday, August 13, 2026,\nat 11:00 a.m. Eastern Time to discuss financial and operational results.\n\nDial-in and Webcast Information\nDate/Time: Thursday, August 13, 2026, at 11:00 a.m. Eastern Time\nToll-Free (North America): +1 (800) 715-9871\nToll/International: +1 (646) 307-1963\nConference Call ID: 1630864\nWebcast Link: https://app.webinar.net/d3e8yX6Wrnx\n\nReplay Information\nToll-Free (North America) +1 (800) 770-2030\nToll/International: +1(609) 800-9909\nConference Call ID: 1630864#\nExpiration: Thursday, August 27, 2026, 11:59 p.m. CST.\n\nAbout International Battery Metals Ltd.\n\nInternational Battery Metals Ltd. is a direct lithium extraction technology\ncompany focused on advancing the development of lithium from brine resources.\nThe Company delivers a proprietary DLE process through a modular plant design\nand architecture built around its media and column systems. Depending on\ncustomer requirements, IBAT integrates its DLE process into existing customer\nflowsheets or specifications or delivers a full flowsheet solution using its\nproprietary DLE design in conjunction with strategic partnerships. With\noperational field deployment experience, International Battery Metals is\npositioned to support the next phase of lithium project development as global\nbattery demand continues to expand. The Company is headquartered in Houston,\nTexas.\n\nSpecial Note Regarding Forward-Looking Statements\n\nThis press release and our earnings call include information regarding the\nCompany's future financial and operational performance and plans, targets,\naspirations, expectations, and objectives of management, constitute\nforward-looking statements within the meaning of Section 21E of the Exchange\nAct and forward-looking information within the meaning of Canadian provincial\nand territorial securities laws. We refer to all of these as forward-looking\nstatements. Forward-looking statements are forward-looking in nature and,\naccordingly, are subject to risks and uncertainties. All statements other than\nstatements of historical fact included in this quarterly report regarding the\nprospects of the Company's industry or its prospects, plans, financial\nposition or business strategy may constitute forward-looking statements. In\naddition, forward-looking statements generally can be identified by the use of\nforward-looking words such as \"plans,\" \"expects,\" \"does not expect,\" \"is\nexpected,\" \"look forward to,\" \"budget,\" \"scheduled,\" \"estimates,\" \"forecasts,\"\n\"will continue,\" \"intends,\" \"the intent of,\" \"have the potential,\"\n\"anticipates,\" \"does not anticipate,\" \"believes,\" \"should,\" \"should not,\" or\nvariations of such words and phrases that indicate that certain actions,\nevents or results \"may,\" \"could,\" \"would,\" \"might,\" \"will,\" \"be taken,\"\n\"occur,\" \"be achieved,\" or the negative of these terms or variations of them\nor similar terms and include, without limitation, statements regarding our\nexpectations or beliefs regarding:\n*\nour expectations regarding industry demand for lithium;\n*\nour beliefs regarding demand for our current MDLE Plant and MDLE Plant\ntechnology;\n*\nour strategies for attracting customers and deploying our MDLE Plant; and\n*\nour expectations regarding the amount and timing of our future financing\nrequirements and fund raising process.\n\nOur forward-looking statements, included in this quarterly report and\nelsewhere, represent management's expectations as of the date that they are\nmade and we undertake no obligation to update these statements. Our\nforward-looking statements are based on assumptions and analyses made by the\nCompany in light of its experience and its perception of historical trends,\ncurrent conditions and expected future developments, as well as other factors\nit believes are appropriate in the circumstances. However, these\nforward-looking statements are subject to a number of risks and uncertainties\nand actual results may differ materially from those expressed or implied in\nsuch statements. Important factors that could cause actual results, level of\nactivity, performance or achievements to differ materially from those\nexpressed or implied by these forward-looking statements include those risks\nset forth in our SEC filings and risks related to:\n*\nindustry demand and market prices for lithium;\n*\nour ability to attract and negotiate a definitive agreement with a customer\nfor our current MDLE Plant;\n*\nour ability to customize the MDLE Plant to meet the needs of a customer,\nincluding our ability to fund such customizations;\n*\nour ability to protect our intellectual property rights in our technology;\n*\nthe success or failure of management's efforts to continue to develop the next\ngeneration of our MDLE Plant technology;\n*\nrapid technological change that could cause our technology to become obsolete\nor not cost-effective;\n*\nthe loss of key members of our management team;\n*\nour ability to expand in existing and new markets; and\n*\nour ability to obtain adequate or timely funding to operate our business and\nmeet our future capital expenditure requirements.\n\nInvestor Relations Contact:\nBrian Siegel, IRC, MBA\nSenior Managing Director\nHayden IR\n(346) 396-8696\nbrian@haydenir.com\n\nInternational Battery Metals Ltd.\nCondensed Consolidated Balance Sheets\nAs of June 30, 2026 and March 31, 2026\n(In thousands)\n\n June 30, 2026 March 31, 2026 \n (Unaudited) \n Assets \n Current assets \n Cash $ 9,441 $ 9,187 \n Accounts receivable, net 58 90 \n Supply inventory 1,061 1,061 \n Other current assets 245 251 \n Total current assets 10,805 10,589 \n \n Plant and equipment, net 26,341 26,842 \n Intangible assets, net 1,921 2,190 \n Right of use asset 116 141 \n Total assets $ 39,183 $ 39,762 \n \n Current liabilities \n Accounts payable $ 187 $ 395 \n Accrued liabilities 489 892 \n Lease obligation, current 100 99 \n Total current liabilities 776 1,386 \n \n Warrant liability 9,790 9,968 \n Lease obligation, long-term 20 44 \n Total liabilities 10,586 11,398 \n \n Commitments and contingencies (Note 15) \n \n Shareholders' equity \n Share capital, no par 378,001 and 343,033 common shares issued and outstanding, respectively, as of June 30, 2026 and March 31, 2026, respectively 68,069 67,808 \n Accumulated deficit (39,472 ) (39,444 ) \n Total shareholders' equity 28,597 28,364 \n Total liabilities and shareholders' equity $ 39,183 $ 39,762 \n\nInternational Battery Metals Ltd.\nCondensed Consolidated Statements of Income (Loss)(Unaudited)\nFor the Three Months and Years Ended June 30, 2026 and 2025\n(In thousands, except per share amounts)\n\n Three Months Ended June 30, \n 2026 2025 \n REVENUE \n Service $ 120 $ 7 \n Total Revenue 120 7 \n \n COST OF REVENUE \n Cost of revenue 3 1 \n Gross margin 117 6 \n \n OPERATING COSTS AND EXPENSES \n Operating costs, excluding depreciation 409 600 \n Selling, general and administrative expenses, excluding depreciation 1,843 2,277 \n Amortization of intangible assets 269 269 \n Depreciation 503 498 \n Operating loss (2,907 ) (3,638 ) \n Change in fair value of warrant liability 2,883 5,323 \n Other income (loss) (4 ) 3 \n Net income (loss) before income tax provision (28 ) 1,688 \n Net income (loss) $ (28 ) $ 1,688 \n \n Net income (loss) per share, basic $ (0.00 ) $ 0.01 \n Net income (loss) per share, diluted $ (0.00 ) $ 0.01 \n \n Weighted average shares outstanding, basic 361,957 271,055 \n Weighted average shares outstanding, diluted 361,957 277,424 \n\nSOURCE: International Battery Metals Ltd.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/international-battery-metals-ltd.-reports-first-quarter-of-fiscal-year-2027-finan-1206826)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-08-13T11:00:04.219592596Z","server_sent_at_ms":1786618804219},"received_at":"2026-08-13T11:00:04.270Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/international-battery-metals-ltd.-reports-first-quarter-of-fiscal-year-2027-finan-1206826"},"analysis":{"id":"106853","press_release_id":"117863","analysis_json":{"industry":{"label":"Machinery","sector":"Industrials"},"redFlags":["Interim CEO status following departure of prior CEO","Revenue remains minimal at $120k"],"eventType":"earnings","narrative":"International Battery Metals reported Q1 fiscal 2027 revenue of $120,000, up from $7,000 in the prior year, driven by service revenue from brine testing.\n\nThe company narrowed its operating loss to $2.9 million from $3.6 million, aided by reduced operating and SG&A expenses, while ending the quarter with $9.4 million in cash.\n\nInterim CEO Garrett Galloway noted the company is actively pursuing deployment opportunities in the Smackover, Middle East, and Argentina following a leadership transition.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Operational discipline shown, but revenue generation remains nascent."},"keyFigures":{"eps":0,"revenue":120000,"customDimensions":{"cash":9441000,"shares_outstanding":378001000}},"quotedText":"We're actively pursuing opportunities in the Smackover, the Middle East and Argentina.","namedEntities":{"people":[{"name":"Garrett Galloway","role":"Interim Chief Executive Officer"},{"name":"Joe Mills","role":"Former Chief Executive Officer"},{"name":"Brian Siegel","role":"Senior Managing Director, Investor Relations"}],"products":["Modular Direct Lithium Extraction (DLE) systems","MDLE Plant"],"companies":[{"name":"International Battery Metals Ltd.","ticker":"IBAT"},{"name":"Hayden IR","relationship":"Investor Relations"}],"dollarAmounts":[{"amount":"$120 thousand","context":"Q1 FY2027 revenue"},{"amount":"$7 thousand","context":"Q1 FY2026 revenue"},{"amount":"$0.4 million","context":"Q1 FY2027 Operating Costs"},{"amount":"$0.6 million","context":"Q1 FY2026 Operating Costs"},{"amount":"$1.8 million","context":"Q1 FY2027 Selling, General and Administrative Expenses"},{"amount":"$2.3 million","context":"Q1 FY2026 Selling, General and Administrative Expenses"},{"amount":"$2.9 million","context":"Q1 FY2027 Operating Loss"},{"amount":"$3.6 million","context":"Q1 FY2026 Operating Loss"},{"amount":"$28 thousand","context":"Q1 FY2027 Net Loss"},{"amount":"$1.7 million","context":"Q1 FY2026 Net Income"}]},"materialImpact":{"score":1,"reasoning":"Routine quarterly earnings report for a micro-cap company. Revenue increased significantly but remains nominal at $120,000, and the company continues to operate at a net loss."},"tickerRelevance":{"others":[],"primary":"IBAT"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine_earnings"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"International Battery Metals reported Q1 fiscal 2027 revenue of $120,000, up from $7,000 in the prior year, driven by service revenue from brine testing.\n\nThe company narrowed its operating loss to $2.9 million from $3.6 million, aided by reduced operating and SG&A expenses, while ending the quarter with $9.4 million in cash.\n\nInterim CEO Garrett Galloway noted the company is actively pursuing deployment opportunities in the Smackover, Middle East, and Argentina following a leadership transition.","key_figures":{"eps":0,"revenue":120000,"customDimensions":{"cash":9441000,"shares_outstanding":378001000}},"named_entities":{"people":[{"name":"Garrett Galloway","role":"Interim Chief Executive Officer"},{"name":"Joe Mills","role":"Former Chief Executive Officer"},{"name":"Brian Siegel","role":"Senior Managing Director, Investor Relations"}],"products":["Modular Direct Lithium Extraction (DLE) systems","MDLE Plant"],"companies":[{"name":"International Battery Metals Ltd.","ticker":"IBAT"},{"name":"Hayden IR","relationship":"Investor Relations"}],"dollarAmounts":[{"amount":"$120 thousand","context":"Q1 FY2027 revenue"},{"amount":"$7 thousand","context":"Q1 FY2026 revenue"},{"amount":"$0.4 million","context":"Q1 FY2027 Operating Costs"},{"amount":"$0.6 million","context":"Q1 FY2026 Operating Costs"},{"amount":"$1.8 million","context":"Q1 FY2027 Selling, General and Administrative Expenses"},{"amount":"$2.3 million","context":"Q1 FY2026 Selling, General and Administrative Expenses"},{"amount":"$2.9 million","context":"Q1 FY2027 Operating Loss"},{"amount":"$3.6 million","context":"Q1 FY2026 Operating Loss"},{"amount":"$28 thousand","context":"Q1 FY2027 Net Loss"},{"amount":"$1.7 million","context":"Q1 FY2026 Net Income"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-13T12:07:56.712Z","global_importance":5,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine_earnings"}},"durationMs":299304,"modelName":"glm-4.7"}}