International Battery Metals Ltd (IBATF)

[TradingCharts]

MONTHLY PROGRESS REPORT NOVEMBER 2021

2. Provide a general overview and discussion of the activities of management.

The Company has substantially finished the detailed engineering and has acquired most of the key equipment components for the fabrication of the Mobile Lithium Extraction Unit (“the Unit”) which is currently being assembled in Louisiana USA. The Company plans to have all of the mobile skids completed in the fourth quarter of the year or early in 2022. The Company will commence preliminary testing in the US prior to deployment of the unit into the field which is expected in early 2022

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