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INTERNATIONAL BATTERY METALS LTD ANNOUNCES MICHAEL RUTLEDGE AS CHIEF FINANCIAL OFFICER OF THE COMPANY
International Battery Metals Appoints New CFO Michael Rutledge
International Battery Metals Ltd. (IBAT), a company at the forefront of innovative battery technology, has announced the appointment of Michael Rutledge as Chief Financial Officer. This strategic decision comes as part of the company’s ongoing efforts to advance its leadership in the lithium extraction industry.
A Strategic Move for IBAT
Based in Vancouver and Houston, IBAT has been working diligently to deploy large-scale Direct Lithium Extraction (DLE) technology. Michael Rutledge, who previously held the position of interim CFO since March 2025, brings a wealth of financial expertise to this role. His extensive background across various industries make him a notable addition to the team.
Michael Rutledge’s Expertise
Rutledge is a Certified Public Accountant (CPA) with an impressive track record. Prior to joining IBAT, he served as CFO for several publicly traded companies, gaining experience in corporate finance, SEC reporting, and fostering strategic growth through initiatives such as Initial Public Offerings (IPOs) and mergers and acquisitions (M&A). This expertise is crucial for IBAT as it seeks to secure financing and enhance its operational capabilities.
CEO Joseph Mills’ Endorsement
Joseph Mills, CEO of IBAT, expressed his enthusiasm for Rutledge’s appointment, highlighting the significant impact he has already made during his tenure as interim CFO. “Michael demonstrated exceptional leadership qualities that align with our strategic goals of deploying our first large-scale commercial DLE technology,” Mills stated.
Compensation Structure
As part of his employment agreement, Rutledge will receive 450,000 restricted share units (RSUs) that vest after one year. Additionally, he will be granted 900,000 RSUs, which will vest upon the successful completion of building and deploying two additional DLE plants. These initiatives are critical for expanding IBAT’s capabilities and market position. Notably, there’s a provision for accelerated vesting in the event of a change in control, reflecting a strong commitment to leadership stability.
Conclusion
The appointment of Michael Rutledge as CFO marks a pivotal moment for International Battery Metals Ltd. His extensive experience in financial leadership will undoubtedly steer the company toward achieving pivotal milestones in the rapidly evolving battery technology sector. As IBAT gears up for its ambitious projects, Rutledge’s strategic oversight is poised to enhance corporate growth and stability in a crucial period for the company.
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