International Battery Metals Ltd.: Confirms Appointment of Dr. John Burba President, CEO, Chairman and Director
And Christina Borgese as Director and Executive VP of Research and DevelopmentVancouver, April 18, 2018 - International Battery Metals Ltd. (CSE: IBAT) ("IBAT" or the "Company"), is pleased to confirm that it has appointed Dr. John Burba as President, Chief Executive Officer, Chairman and a director of the Company upon completion of the closing of its acquisition of Selective Adsorption Lithium, Inc. as announced on April 13, 2018. In addition the Company confirms that Jeremy Ross has resigned as a director of the Company and Christina Borgese of North American Lithium, has been appointed a director of the Company and Executive VP of Research and Development. The Company also announces the appointment of Mr. Marc Privitera as Executive Vice President of Operations and Mr. John Ashburn as Chief Legal Officer. The board of directors of the Company is now comprised of John Burba, Christina Borgese, Logan Anderson, David Scott and Paul Pederson.
Upon finalization of these appointments, Dr. John Burba stated "I am very pleased with the International Battery Metals Board of Directors. Each of our directors possesses unique skills that will help us to meet our goal of being the first oilfield lithium exploration and production company."
About IBAT
IBAT is an advanced technology company focused on lithium brine extraction. The company is in the process of creating and applying intellectual property related to lithium extraction from oilfield brines for petro-lithium extraction projects. IBAT's unique extraction process is environmentally friendly, low cost, and has the potential to produce high-quality, commercial grade lithium at a much faster rate than the current industry standards.
ON BEHALF OF THE BOARD
"Logan Anderson"
Logan Anderson, Director
Phone: (778) 939-4228
Forward-looking statements
This news release of International Battery Metals Ltd., Vancouver, British Columbia, Canada (the "company") includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of regulation and legislation in the United States and internationally; global trends toward cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise except as required by law. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company's Annual Report and the company's other filings with the Canadian Securities Exchange (CSE) available at the CSE's Internet site (www.thecse.com).