INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CHANGE OF AUDITOR AND CHANGE TO US GAAP REPORTING
The Successor Auditor is being appointed following the receipt by the Company on
The board of directors of the Company, upon the recommendation of its audit committee, appointed the Successor Auditor as the new auditor until the next Annual General Meeting of the Company.
The Former Auditor did not resign as a result of any disagreements with the Company on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, and the Former Auditor's reports on the Company's previously issued financial statements did not contain any adverse opinion or a disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope, or accounting principles.
The Notice of Change of Auditors, together with the letter from the Former Auditors and the letter from the Successor Auditors, have been reviewed by the Company's Board of Directors. The Company has sent a Notice of Change of Auditor (the "Notice") to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the securities commissions in each of
The Notice, together with the letters from the Former Auditor and the Successor Auditor are available on https://www.sedarplus.ca/landingpage/.
The Company also announces that commencing with its audited financial statements for the year ended
About the Company
The Company is an advanced technology company focused on the development of environmentally responsible methods of extracting lithium compounds from brine. The Company has developed a patented modular direct lithium extraction plant ("MDLEPlant") which allows for rapid deployment to a resource holders production site. The Company is working with resource holders of oilfield brines, brine aquifers, and industrial customers with brine by-products. The Company believes the modular design of its MDLE Plant provides significant initial costs savings to customers and the proprietary direct lithium extraction technology lowers operating costs by selectively extracting lithium from the brine while efficiently removing contaminants.
Securities Law Disclosure
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in
Forward
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looking and cautionary statements
This press release may contain statements within the meaning of safe harbors for forward-looking statements under applicable law. This press release contains certain forward
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looking statements with respect to, among other things, the filing of a registration statement with the
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