--- title: $2,500,000 Private Placement with EVL Holdings LLC description: IBAT's board of directors have approved a private placement with EVL Holdings, LLC (“EVL”) of 25,000,000. image: https://www.ibatterymetals.com/hubfs/3.png --- ![IBAT-Logo-Color-2](https://www.ibatterymetals.com/hs-fs/hubfs/IBAT-Logo-Color-2.png?width=399&height=81&name=IBAT-Logo-Color-2.png) [![Contact](https://no-cache.hubspot.com/cta/default/14522108/77a903b0-73cf-4d66-b4be-32431535137b.png)](https://cta-redirect.hubspot.com/cta/redirect/14522108/77a903b0-73cf-4d66-b4be-32431535137b) - Lithium Technology - [Insights](https://www.ibatterymetals.com/insights) - [News](https://www.ibatterymetals.com/news-category) - [About](https://www.ibatterymetals.com/about-us) - [Overview, Team & Board of Directors](https://www.ibatterymetals.com/about-us) - [Patents](https://www.ibatterymetals.com/patents) - [Our Technology](https://www.ibatterymetals.com/direct-lithium-extraction) - [IBAT's DLE](https://www.ibatterymetals.com/direct-lithium-extraction) - [vs. Other DLE Methods](https://www.ibatterymetals.com/direct-lithium-extraction/vs-other-dle-methods) - [vs Traditional Lithium Extraction](https://www.ibatterymetals.com/direct-lithium-extraction/vs-traditional-extraction) - [Environmental Advantages](https://www.ibatterymetals.com/direct-lithium-extraction/environmental-advantages) [![](https://www.ibatterymetals.com/hubfs/IBAT_Stacked_Logo.svg)](https://www.ibatterymetals.com) - [Investors](https://www.ibatterymetals.com/investors) - [Latest News](https://www.ibatterymetals.com/news) - [Contact Us](https://www.ibatterymetals.com/contact-us) ## Main Menu - [About](https://www.ibatterymetals.com/about-us) - [Overview, Team & Board of Directors](https://www.ibatterymetals.com/about-us) - [Patents](https://www.ibatterymetals.com/patents) - [Our Technology](https://www.ibatterymetals.com/direct-lithium-extraction) - [IBAT's DLE](https://www.ibatterymetals.com/direct-lithium-extraction) - [vs. Other DLE Methods](https://www.ibatterymetals.com/direct-lithium-extraction/vs-other-dle-methods) - [vs Traditional Lithium Extraction](https://www.ibatterymetals.com/direct-lithium-extraction/vs-traditional-extraction) - [Environmental Advantages](https://www.ibatterymetals.com/direct-lithium-extraction/environmental-advantages) - [Investors](https://www.ibatterymetals.com/investors) - [Latest News](https://www.ibatterymetals.com/news) - [Contact Us](https://www.ibatterymetals.com/contact-us) ###### 1 min read # $2,500,000 Private Placement with EVL Holdings LLC By: [International Battery Metals](https://www.ibatterymetals.com/news-category/author/international-battery-metals) on Nov 2, 2020 12:00:00 AM [lithium](https://www.ibatterymetals.com/news-category/tag/lithium) ![Featured Image](https://www.ibatterymetals.com/hubfs/3.png) November 2, 2020- [International Battery Metals Ltd.](https://www.ibatterymetals.com/) (the “Company”) (CSE: “[IBAT](https://www.ibatterymetals.com/about-us)”) announces that subject to regulatory approval, its board of directors have approved a private placement with EVL Holdings, LLC (“EVL”) of 25,000,000 common shares at a price of $0.10 for proceeds of $2,500,000.. The securities issued under the private placement will be subject to a statutory hold period of four months from the date of issuance and will also be restricted securities under the United States Securities Act of 1933. The proceeds will be used to continue fabrication of the Company’s first[lithium extraction](https://www.ibatterymetals.com/direct-lithium-extraction) unit and for general corporate purposes. #### Forward‐looking and cautionary statements *This release may contain certain forward‐looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. By their nature, forward‐looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward‐looking statements.* - [Tweet](https://twitter.com/share) #### Related Posts ### Private Placement with EVL Holdings LLC worth $2.5 MILLION December 15, 2020- [International Battery Metals Ltd.](https://www.ibatterymetals.com/)(the “Company”) (CSE: “[IBAT](https://www.ibatterymetals.com/about-us)”) announces that... ### $2,500,000 Private Placement with Sorcia Minerals, LLC October 21, 2020- [International Battery Metals Ltd.](https://www.ibatterymetals.com/) (the Company) (CSE: [IBAT](https://www.ibatterymetals.com/about-us)) the Company announced... ### IBAT LTD. Announces Private Placement With Existing Shareholders February 9, 2021-[International Battery Metals Ltd.](https://www.ibatterymetals.com/)(the “Company”) (CSE: “[IBAT](https://www.ibatterymetals.com/about-us)”) The Company... |[X](https://x.com/IBAT_DLE) [![](https://www.ibatterymetals.com/hubfs/IBAT_Horizontal_Logo.svg)](https://www.ibatterymetals.com/) IBAT is the first company in the world to successfully develop and operate Mobile, Modular Direct Lithium Extraction (MDLE) technology at commercial scale. - [Our Technology](https://www.ibatterymetals.com/direct-lithium-extraction) - [About](https://www.ibatterymetals.com/about-us) - [Investors](https://www.ibatterymetals.com/investors) - [News](https://www.ibatterymetals.com/news) - [Contact Us](https://www.ibatterymetals.com/contact-us) --- ![](https://www.ibatterymetals.com/hs-fs/hubfs/IBAT_address.png?t=1708101605959&height=34&name=IBAT_address.png)**International Battery Metals, Ltd.** PO Box 22261 Houston, TX 77027-2261 [![](https://www.ibatterymetals.com/hs-fs/hubfs/IBAT_tel.png?t=1708101605984&height=30&name=IBAT_tel.png)832 683 8839](tel:8326838839) [![](https://www.ibatterymetals.com/hs-fs/hubfs/IBAT_mail.png?t=1708101606023&height=20&name=IBAT_mail.png)info@ibatterymetals.com](mailto:info@ibatterymetals.com) **FOLLOW US** [![](https://www.ibatterymetals.com/hs-fs/hubfs/IBAT_x.png?t=1708101606092&height=26&name=IBAT_x.png)](https://x.com/IBAT_DLE) [![](https://www.ibatterymetals.com/hs-fs/hubfs/linkedin-icon.png?height=26&name=linkedin-icon.png)](https://www.linkedin.com/company/international-battery-metals/) --- © COPYRIGHT INTERNATIONAL BATTERY METALS. 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