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TORONTO, ON/ACCESSWIRE/February 8, 2022/ Li-Metal Corp. (CSE:LIM) (“Li-Metal” or the “Company”), a leading developer of lithium metal anodes and critical lithium metal technologies for next-generation batteries, today announced that he had shipped his first batch of lithium metal anode product to a battery developer customer. This product batch was manufactured at the company’s new roll-to-roll anode facility in Rochester, New York, which produces lithium anode materials for next-generation battery manufacturers (see press release of January 13, 2022). Li-Metal’s ultra-thin metallic lithium anode aims to reduce the cost of next-generation batteries while improving their energy density.
“We are pleased to announce that lithium anode material from Li-Metal’s new anode production facility has been shipped,” said Li-Metal Co-Founder and CEO Maciej Jastrzebski. “We continue to increase production capacity to meet the supply needs of the many battery developers we work with to establish ourselves as the primary mid-tier supplier in the next-generation battery supply chain.”
The Company’s anode production facility, which was commissioned in January 2022, has the capability to supply lithium anodes to next-generation battery manufacturers and produce lithium anodes in the quantities needed to qualification of the product. The facility establishes the key infrastructure needed to support the next-generation battery ecosystem, which offers the capacity to produce thousands of large pocket cells per year.
On behalf of the Council
CEO and Director
About Li-Metal Corp.
Li-Metal is a Canadian company that develops lithium metal anodes and lithium metal production technologies for use in next-generation batteries. Our production methods are significantly more sustainable than existing products and deliver lighter, more energy-dense and safer batteries essential for tomorrow’s electric vehicles. For more information visit, www.li-metal.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Such forward-looking statements can be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements regarding, among other things, the Company’s strategic plans are forward-looking information. These statements should not be construed as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those implied by such statements. Although these statements are based on management’s reasonable assumptions, there can be no assurance that the development of the Company’s activities will be carried out as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances, except as required by applicable law.
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THE SOURCE: Li-Metal Corp.
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