GM(GM) Prnewswire·2025-01-15 02:28Corporate Governance - The board of directors of International Battery Metals Ltd. elected John Burba as Chair following the annual general meeting on October 31, 2024 [1] - The board approved the grant of 2,705,630 restricted share units (RSUs) to directors, with each director receiving 541,126 RSUs, which will fully vest one year from the grant date [2] Executive Compensation - Iris Jancik, the new CEO since August 20, 2024, was granted 2,113,814 options exercisable at C$0.94 per share, with a vesting schedule over ten years [3] - Jancik also received 4,227,630 RSUs, with 300,000 vesting immediately and the remainder contingent on achieving specific milestones [3] Company Overview - International Battery Metals Ltd. focuses on developing environmentally responsible lithium extraction methods from brine, utilizing a patented modular direct lithium extraction plant (MDLE Plant) [5] - The MDLE Plant is designed for rapid deployment and aims to provide significant cost savings while efficiently extracting lithium and removing contaminants [5]