Encompass Capital Advisors LLC and affiliated reporting persons filed a Form 4 on October 29, 2026, disclosing four sales of Common Shares of International Battery Metals Ltd. between October 1 and October 27, 2026.

Key Highlights

  • Four separate sales: Encompass Capital entities disposed of Common Shares on October 1, 2, 5, and 27, 2026, totaling 520,000 shares across all transactions.
  • Post-transaction holdings: Following the last reported sale on October 27, 2026, the group's directly held beneficial ownership stood at 57,377,081 Common Shares.
  • Prices in Canadian Dollars: All transactions were conducted in Canadian Dollars; per-share prices ranged from CAD$0.08 to CAD$0.09 across the four transactions, converted to U.S. Dollars using rates between USD$0.7012 and USD$0.7117 per CAD$1.00.
  • Multiple reporting persons: The filing was made jointly by Encompass Capital Advisors LLC, Encompass Capital Partners LLC, Encompass Capital Master Fund LP, and Todd J. Kantor, described as a Section 13(d) group.
  • 10% owner status: Each reporting person is identified in the filing as a 10% owner of International Battery Metals Ltd.
  • Weighted average prices used: The October 2 and October 27 transactions were executed at multiple prices; the filing reports weighted average prices for those dates, with October 2 shares sold in a range of CAD$0.08 to CAD$0.09 and October 27 shares in a range of CAD$0.08 to CAD$0.08013.

Encompass Capital Group Reduces International Battery Metals Position Across Four October Transactions

According to the filing, Encompass Capital Advisors LLC ("ECA"), Encompass Capital Partners LLC ("ECP"), Encompass Capital Master Fund LP ("ECM"), and Todd J. Kantor collectively reported four disposals of Common Shares in International Battery Metals Ltd. (IBATF) during October 2026. The earliest transaction date listed is October 1, 2026, with the most recent on October 27, 2026. All transactions carry a transaction code of "S," indicating open-market sales.

The filing discloses that on October 1, 5,000 shares were sold at a U.S. Dollar equivalent of $0.06 per share (CAD$0.09, converted at CAD$1.00 to USD$0.7031). On October 2, 181,000 shares were sold at a weighted average U.S. Dollar equivalent of $0.06 per share, covering a Canadian Dollar price range of CAD$0.08 to CAD$0.09, converted at CAD$1.00 to USD$0.7016. On October 5, 1,000 shares were sold at a U.S. Dollar equivalent of $0.06 per share (CAD$0.08, converted at CAD$1.00 to USD$0.7012). On October 27, 333,000 shares were sold at a weighted average U.S. Dollar equivalent of $0.06 per share, with Canadian Dollar prices ranging from CAD$0.08 to CAD$0.08013, converted at CAD$1.00 to USD$0.7117.

The filing states that the reported Common Shares are held by ECM and by certain funds and managed accounts managed or sub-advised by ECA. It further notes that ECP, as general partner of certain investment partnerships managed by ECA, and Mr. Kantor, as Managing Member of ECA and ECP, may each be deemed to have beneficial ownership of the securities. Each reporting person "disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group," according to the filing, and the report "shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose."

What Was Disclosed

The Form 4 filed October 29, 2026, by the Encompass Capital group reports four sales of International Battery Metals Ltd. Common Shares between October 1 and October 27, 2026, totaling 520,000 shares, with remaining directly held beneficial ownership of 57,377,081 shares.