International Battery Metals Closes Third Investment from EV Metals

The lithium extraction company secures additional funding from its strategic partner.

Published on Feb. 23, 2026

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International Battery Metals, a Vancouver-based lithium extraction company, has announced the closing of a previously announced third follow-on investment from its strategic partner, EV Metals. The new funding will support International Battery Metals' ongoing operations and development of its lithium extraction technology.

Why it matters

The investment from EV Metals, a major player in the electric vehicle battery supply chain, underscores the growing importance of lithium as a critical mineral for the transition to electric vehicles. International Battery Metals' technology aims to provide a more sustainable and efficient way to extract lithium, which is in high demand as automakers ramp up EV production.

The details

Under the terms of the agreement, EV Metals has made a third follow-on investment in International Battery Metals. The new funding will be used to support the company's ongoing operations and continued development of its proprietary lithium extraction technology, which utilizes a closed-loop process to extract lithium from brine resources.

  • International Battery Metals and EV Metals first announced a strategic partnership in 2024.
  • This third follow-on investment from EV Metals was closed on February 23, 2026.

The players

International Battery Metals

A Vancouver-based lithium extraction company that is developing a proprietary technology to extract lithium from brine resources in a more sustainable and efficient manner.

EV Metals

A major player in the electric vehicle battery supply chain that has made a series of strategic investments in International Battery Metals to support the development of its lithium extraction technology.

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The takeaway

This investment from EV Metals demonstrates the growing importance of lithium as a critical mineral for the electric vehicle industry and the need for innovative extraction technologies to meet the increasing demand.