International Battery Metals Ltd (IBATF)

[TradingCharts]

The problem is promotion or marketing of the stock.

I think the last monthly was the problem.

Not sure why they decided to tell the world they are going to dilute inadvance. Should have done the private placement first then tell eveyone. They did it backwards. (Sublime - Wrong Way )
Just my opinion. I am usually wrong.
https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwebfiles.thecse.com%2F2024_-1_31_20243_Monthly_Progress_Report_DGS_V2_0.docx%3FjHdiHuyM6nhpU3vMxbTh6mdohGz0eYiM&wdOrigin=BROWSELINK

Management continues to market the Company’s technology to customers who have brine resources from existing chemical, mineral and metal production, and brine aquifer resource holders. These marketing efforts are focused in the near term on the Western United States, the Central United States area referred to as the Smackover formation, and Canada. Longer term, management will continue to monitor the markets in South America for potential opportunities.

Supporting these efforts, management is developing a 2nd generation MDLE Plant which will provide customers with the option to significantly increase the volume of production based on the quantity of their brine resources, the concentration of brine in their resources, the available land to place a MDLE Plant and their financial resources.

Management is working with bankers to complete a private placement to raise $15 million with banker option to upsize by 15%.