INTERNATIONAL BATTERY METALS LTD. ANNOUNCES SENIOR MANAGEMENT CHANGE
International Battery Metals (IBAT) has announced a significant management change, with Michael Rutledge appointed as interim Chief Financial Officer, effective immediately. Rutledge, a CPA with extensive experience as CFO of multiple publicly traded companies, replaces Doug Smith, who had served as CFO since December 11, 2023.
Rutledge brings strong expertise in corporate finance, SEC reporting, and strategic growth initiatives, including IPOs and M&A. The company has initiated a search for a permanent CFO and has engaged executive search firms to assist in the process.
International Battery Metals (IBAT) ha annunciato un importante cambiamento nella gestione, con Michael Rutledge nominato Chief Financial Officer ad interim, con effetto immediato. Rutledge, un CPA con una vasta esperienza come CFO di diverse aziende quotate in borsa, sostituisce Doug Smith, che ha ricoperto il ruolo di CFO dal 11 dicembre 2023.
Rutledge porta con sé una forte competenza in finanza aziendale, reporting SEC e iniziative di crescita strategica, comprese le IPO e le fusioni e acquisizioni. L'azienda ha avviato una ricerca per un CFO permanente e ha coinvolto società di ricerca executive per assistere nel processo.
International Battery Metals (IBAT) ha anunciado un cambio significativo en la gestión, con Michael Rutledge nombrado como Director Financiero interino, con efecto inmediato. Rutledge, un CPA con amplia experiencia como CFO de varias empresas que cotizan en bolsa, reemplaza a Doug Smith, quien había sido CFO desde el 11 de diciembre de 2023.
Rutledge aporta una sólida experiencia en finanzas corporativas, informes a la SEC e iniciativas de crecimiento estratégico, incluidas las OPI y fusiones y adquisiciones. La compañía ha iniciado la búsqueda de un CFO permanente y ha contratado firmas de búsqueda ejecutiva para ayudar en el proceso.
International Battery Metals (IBAT)는 Michael Rutledge를 임시 최고 재무 책임자로 즉시 임명하며 중요한 경영 변화를 발표했습니다. Rutledge는 여러 상장 기업의 CFO로서 광범위한 경험을 가진 CPA로, 2023년 12월 11일부터 CFO로 재직해온 Doug Smith를 대체합니다.
Rutledge는 기업 재무, SEC 보고 및 IPO와 M&A를 포함한 전략적 성장 이니셔티브에 대한 강력한 전문성을 가지고 있습니다. 회사는 영구 CFO를 찾기 위한 검색을 시작했으며, 이 과정에서 도움을 줄 수 있는 임원 검색 회사를 참여시켰습니다.
International Battery Metals (IBAT) a annoncé un changement significatif dans sa direction, avec Michael Rutledge nommé directeur financier par intérim, avec effet immédiat. Rutledge, un CPA avec une vaste expérience en tant que CFO de plusieurs entreprises cotées en bourse, remplace Doug Smith, qui a occupé le poste de CFO depuis le 11 décembre 2023.
Rutledge apporte une forte expertise en finance d'entreprise, en reporting SEC et en initiatives de croissance stratégique, y compris les introductions en bourse et les fusions et acquisitions. L'entreprise a lancé une recherche pour un CFO permanent et a engagé des cabinets de recrutement exécutif pour l'assister dans ce processus.
International Battery Metals (IBAT) hat eine bedeutende Veränderung im Management angekündigt, indem Michael Rutledge mit sofortiger Wirkung zum interimistischen Chief Financial Officer ernannt wurde. Rutledge, ein CPA mit umfassender Erfahrung als CFO mehrerer börsennotierter Unternehmen, ersetzt Doug Smith, der seit dem 11. Dezember 2023 CFO war.
Rutledge bringt starke Expertise in Unternehmensfinanzierung, SEC-Berichterstattung und strategischen Wachstumsinitiativen, einschließlich IPOs und Fusionen und Übernahmen, mit. Das Unternehmen hat die Suche nach einem dauerhaften CFO eingeleitet und Executive-Search-Firmen beauftragt, um den Prozess zu unterstützen.
- Appointment of experienced CPA with public company CFO background
- Strong expertise in IPOs and M&A indicates potential strategic growth focus
- Sudden CFO departure after only 3 months in role
- Temporary leadership situation creates uncertainty
Effective today, Mr. Michael Rutledge will assume the role of Interim Chief Financial Officer from Doug Smith, who has served as Chief Financial Officer of the Company since December 11, 2023. Mr. Rutledge, CPA, is a seasoned financial executive with extensive experience as chief financial officer of multiple publicly traded companies across various industries. He has a strong background in corporate finance, SEC reporting, and strategic growth initiatives, including IPOs and M&A.
The Company has initiated a search for a permanent Chief Financial Officer and has engaged executive search firms to assist in the process.
About International Battery Metals Ltd.
The Company's direct lithium extraction technology is based on proprietary lithium extraction housed in patented extraction towers that are enclosed in a modular, shippable platform able to be loaded and brought into production within a short time frame from the day of arrival on a customer site. Utilizing the patented technology, the Company's focus has been on advanced extraction of lithium chloride from ground water salt brine deposits and returning the same water to the subsurface aquifer. The Company's unique patented technology ensures faster delivery of lithium chloride while ensuring minimal environmental impact and lower costs.
ON BEHALF OF THE BOARD
"Iris Jancik"
Iris Jancik, CEO
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain information that may constitute "forward-looking statements" under applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements relating to Company's formal search for a permanent Chief Financial Officer. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements".
Actual results may vary from forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause IBAT's actual results, performance, achievements, and future events to be materially different from the results, performance, achievement, or future events expressed or implied therein. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, inability to raise the money necessary to incur the expenditures required to advance the Company's business strategies and objectives, general business, economic, competitive, political, and social uncertainties, results relating to its extraction technologies, failure to obtain regulatory or shareholder approvals (if required). IBAT believes that the expectations reflected in these forward-looking statements are reasonable, however there can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements.
All forward-looking statements contained in this press release are given as of the date hereof and are based upon the opinions and estimates of management and information available to management as at the date hereof. IBAT disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
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SOURCE International Battery Metals Ltd.
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