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Li-Metal Corp. (LIMFF) is a Canadian-based vertically integrated battery materials company and innovator specializing in lithium metal anode and lithium metal production technologies crucial for next-generation batteries. The company's patented and sustainable carbonate-to-metal technology enables the direct production of lithium metal from lithium carbonate, offering cost-effective, energy-dense, and safer batteries. Li-Metal's ultra-thin physical vapour deposition (PVD) anode production technology eliminates excess lithium in batteries, enhancing safety and efficiency, while reducing waste. Through collaborations with partners like Lyten and Blue Horizon Advisors LLC, Li-Metal aims to scale up production to meet the rising demand for sustainable lithium metal batteries in the electric vehicle and clean energy sectors.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) has acquired Li-Metal Corp.'s (CSE: LIM, OTCQB: LIMFF) lithium metal business for US$11 million in cash. The acquisition includes intellectual property, physical assets, and a pilot production facility in Ontario, Canada. Key personnel, including Li-Metal's co-founder and CTO Maciej Jastrzebski, will join Arcadium Lithium.
This move is expected to enhance Arcadium Lithium's capabilities in producing lithium metal using various grades of lithium carbonate feedstock, complementing its existing processes. The acquisition aims to provide safer, lower cost, and more sustainable pathways for lithium metal production, strengthening Arcadium Lithium's position as a leading global producer.
The company plans to utilize this technology to meet growing demand for next-generation battery materials and enhance the competitiveness of its butyllithium and lithium specialty chemicals business.
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF) (FSE: 5ZO) has announced the filing of its audited consolidated financial statements for the fiscal year ending March 31, 2024, on SEDAR. The company has also submitted the related management's discussion and analysis and officer certifications pertaining to these financial statements. This filing is a important step in maintaining transparency and compliance with regulatory requirements for publicly traded companies.
The release of these financial materials provides investors and stakeholders with important insights into Li-Metal's financial performance and position for the past fiscal year. While specific financial details are not provided in this announcement, the availability of these documents on SEDAR allows interested parties to access and analyze the company's financial information.
Li-Metal Corp. (CSE: LIM) (OTCQB: LIMFF) has provided a status update on its Management Cease Trade Order (MCTO) granted by the Ontario Securities Commission on July 30, 2024. The MCTO was requested due to an expected delay in filing the company's annual financial statements and related documents for the fiscal year ended March 31, 2024. Li-Metal anticipates filing these documents no later than August 9, 2024.
The MCTO restricts trading activities for certain company insiders but does not affect other shareholders. Li-Metal confirms there have been no material changes since the initial announcement and is complying with alternative information guidelines. The company will continue to issue bi-weekly status reports until the required documents are filed and the MCTO is lifted.
Li-Metal Corp. (CSE: LIM) (OTCQB: LIMFF) has announced a delay in filing its financial statements for the year ended March 31, 2024. The company expects to file the Annual Documents by August 16, 2024. The delay is attributed to management's involvement in a due diligence process for a proposed acquisition. Li-Metal has applied to the Ontario Securities Commission for a Management Cease Trade Order (MCTO) pending the filing of the Annual Documents. The company will comply with alternative information guidelines and file bi-weekly default status reports. Li-Metal confirms no material business developments since its last interim financial report filed on February 28, 2024.
Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF, FSE: 5ZO) announced the immediate resignation of its CEO, Srini Godavarthy. Mr. Godavarthy has also stepped down from the company's Board of Directors. Keshav Kochhar, currently the Chief Operating Officer, will serve as the interim CEO. The company has not yet announced plans for a permanent replacement. Investors and stakeholders are advised to stay tuned for further updates.
Li-Metal Corp announced the closing of a US $750,000 non-brokered private placement, aimed at accelerating the commercialization of its lithium metal anode technology for next-generation batteries. The proceeds will also support general corporate purposes and working capital. For more information, refer to the press release dated April 19, 2024, available on the Company's website and SEDAR profile.
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