International Battery Metals Ltd (IBATF)

[TradingCharts]

INTERNATIONAL BATTERY METALS LTD.
ANNOUNCES CHANGE OF AUDITOR AND CHANGE TO US GAAP REPORTING
Vancouver, British Columbia, and Houston, Texas – July 12, 2024 - International Battery Metals Ltd.
https://webfiles.thecse.com/international_0712.pdf?0bAkx3DVol8HW_1cOjjZU4uIBFhuALVS

The Company also announces that commencing with its audited financial statements for the year ended
March 31, 2024, it will begin reporting its results and will prepare its financial statements in accordance
with United States Generally Accepted Accounting Principles (“US GAAP”) as opposed to International
Financial Reporting Standards (“IFRS”), which was previously followed. Some prior year information will
be restated in accordance with US GAAP. Such restated information relates solely to the Company’s
transition to US GAAP, and there were no prior material errors, corrections or misstatements in the
Company’s previously issued financial statements prepared in accordance with IFRS. The Company
intends to register its common equity under the United States Securities Exchange Act of 1934, as amended
(the “Exchange Act”), and retain an auditor registered with the Public Company Accounting Oversight
Board (“PCAOB”). The Company’s Former Auditor informed the Company that they have made a formal
registration withdrawal request to the PCAOB.

What Are The 4 GAAP Principles?
https://bidataintel.com/2021/09/4-gaap-principles/