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IBAT Investor Overview OTCQB: IBATF TSXV: IBAT February 2026 Proven, Differentiated Lithium Extraction Technology and Process Positioned for The Next Phase of Market Development
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Disclaimer This investor presentation (this “Presentation”) is not an offer to sell or solicitation of an offer to buy any securities of International Battery Metals Ltd. (“IBAT” or the “Company”) nor shall it form the basis of, or be relied upon in connection with any contract for purchase or subscription, nor shall there be any offer or sale of any securities in any jurisdiction in which such offer or sale would be unlawful. This Presentation is for information purposes only. This presentation is not, and is not intended to be, an advertisement, prospectus, or offering memorandum or advertisement of securities under Canadian, United States or other applicable securities laws, and is made available on the express understanding that it does not contain all information that may be required to evaluate, and will not be used by readers in connection with, the purchase of or investment in any securities of any entity . Securities may not be offered or sold in the United States absent registration under the United States Securities Act of 1933 or an exemption from registration thereunder. The information contained in this Presentation is proprietary to and copyrighted by the Company, and any unauthorized use or reproduction is strictly prohibited. This presentation also is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution would be contrary to law or regulation. Certain statements included and incorporated by reference in this Presentation are “forward-looking” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 or in releases made by the Securities and Exchange Commission (the “SEC”) and "forward-looking informa tion" within the meaning of applicable Canadian securities laws. All statements and information, other than statements of historical fact, made by IBAT that address activities, events, or developments that IBAT expects or anticipates will or may occur in the future are forward-looking statements and forward-looking information, including, but not limited to, statements and information preceded by, followed by, or that include words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intends”, “plan”, “forecast”, “budget”, “schedule”, “project”, “estimate”, “outlook”, or the negative of those words or other similar or comparable words. In particular, this Presentation contains forward-looking information, including, without limitation, with respect to the following matters or the Company’s expectations relating to such matters: future plans and objectives of IBAT; availability of and ability to complete necessary financings in the future; completion of the proposed deployment of IBAT’s modular direct lithium extraction plant (the "MDLE Plant") with a customer (the "Customer") in the western United States; future optimization of the MDLE Plant and potential increases to targeted production rates; Company’s ability to meet lithium demand, future cash flows and achieving cash flow breakeven; future price of metals and minerals; the market and demand for lithium; expected production; operating costs and capital expenditures, the Company’s ability to scale development and gain economies of scale, including IBAT’s technology resulting in cost reductions; the Company’s relationship with Ensorcia; and other statements related to the business, operations and performance of IBAT. Forward-looking statements and information involve significant risks, assumptions, uncertainties and other factors that may cause actual future performance, achievement or other realities to differ materially from those expressed or implied in any forward- looking statements or information and, accordingly, should not be read as guarantees of future performance, achievement or realities. Actual performance, achievement or other realities could differ materially from those expressed in, or implied by, any forward- looking statements or information in this Presentation and, accordingly, investors should not place undue reliance on any such forward-looking statements or information. Further, any forward-looking statement or information speaks only as of the date on which such statement is made, and IBAT does not undertake any obligation to update any forward-looking statements or information to reflect information, events, results, circumstances, realities or otherwise after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. All forward-looking statements and information contained in this Presentation are qualified by such cautionary statements. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on IBAT’s business or the extent to which any factor, or combination of factors, may cause actual realities to differ materially from those contained in any forward-looking statements. IBAT disclaims any intention or obligation to update or revise any forward-looking statements in this Presentation, whether as a result of new informa tion, future events or otherwise, unless required pursuant to applicable law. In addition, forward-looking statements and information herein, including financial information, is based on certain assumptions relating to the business and operations of IBAT. Although IBAT has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and forward-looking information in this Presentation, there may be other factors that cause actions, events or result not to be as anticipated, estimated or intended. There is no assurance that such statements and information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information contained in this Presentation. IBAT also uses certain non-IFRS financial performance measures in this Presentation. Non-IFRS financial performance measures do not have any standardized meaning prescribed under IFRS, and therefore, they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional informa tion and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS and should be read in conjunction with the Company’s financial statements. Additional information about these assumptions and risks and uncertainties is contained in the Company’s filings with securities regulators, including the Company’s annual information form and management’s discussion and analysis for the most recently completed financial year, which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. This Presentation also contains future-oriented financial information and financial outlook information (collectively, "FOFI") about IBAT’s prospective results of operations, revenues and margins and components thereof, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this Presentation was approved by management as of the date of this Presentation and was provided for the purpose of providing further information about IBAT’s future business operations. IBAT disclaims any intention or obligation to update or revise any FOFI contained in this Presentation, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this Presentation should not be used for purposes other than for which it is disclosed herein. This Presentation also contains or references certain market, industry and peer group data which is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other inherent limitations and uncertainties. The Company has not independently verified any of the data from third party sources referred to in this Presentation and accordingly, the accuracy and completeness of such data is not guaranteed. This Presentation should not be treated as giving investment advice and is not intended to form the basis of any investment decision. It does not, and is not intended to, constitute or form part of, and should not be construed as, any recommendation or commitment by the Company or any of its directors, officers, employees, direct or indirect shareholders, agents, affiliates, advisors or any other person, or as an offer or invitation for the sale or purchase of, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any securities, businesses and/or assets of any entity, nor shall it or any part of it be relied upon in connection with or act as any inducement to enter into any contract or commitment or investment decision whatsoever. 2