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Li-Metal Announces Closing of US $750,000 Non-Brokered Private Placement

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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.

Li-Metal Corp ha annunciato la chiusura di un aumento di capitale privato non intermediato del valore di 750.000 dollari statunitensi, finalizzato ad accelerare la commercializzazione della sua tecnologia di anodi in metallo di litio per le batterie di nuova generazione. Il ricavato supporterà inoltre scopi corporativi generali e il capitale circolante. Per maggiori informazioni, consultare il comunicato stampa del 19 aprile 2024, disponibile sul sito web dell'azienda e sul profilo SEDAR.
Li-Metal Corp anunció el cierre de una colocación privada no intermediada por un valor de 750.000 dólares estadounidenses, destinada a acelerar la comercialización de su tecnología de ánodo de metal de litio para baterías de próxima generación. Los fondos recaudados también apoyarán los propósitos corporativos generales y el capital de trabajo. Para más información, consulte el comunicado de prensa fechado el 19 de abril de 2024, disponible en el sitio web de la compañía y en el perfil de SEDAR.
Li-Metal Corp는 차세대 배터리용 리튬 금속 음극 기술의 상용화를 가속화하기 위해 75만 달러의 비중개 사적 배치를 마감했다고 발표했습니다. 이 자금은 일반적인 기업 목적과 운영 자본을 지원할 것입니다. 자세한 내용은 2024년 4월 19일자 보도 자료를 참조하십시오. 이는 회사 웹사이트 및 SEDAR 프로필에서 확인할 수 있습니다.
Li-Metal Corp a annoncé la clôture d'un placement privé non intermédié de 750 000 dollars américains, destiné à accélérer la commercialisation de sa technologie d'anode en métal de lithium pour les batteries de nouvelle génération. Les fonds récoltés soutiendront également les objectifs corporatifs généraux et le fonds de roulement. Pour plus d'informations, veuillez consulter le communiqué de presse daté du 19 avril 2024, disponible sur le site web de la société et le profil SEDAR.
Li-Metal Corp gab den Abschluss einer nicht vermittelten privaten Platzierung in Höhe von 750.000 US-Dollar bekannt, die darauf abzielt, die Kommerzialisierung seiner Lithium-Metall-Anodentechnologie für Batterien der nächsten Generation zu beschleunigen. Die Erlöse werden auch allgemeine Unternehmenszwecke und Betriebskapital unterstützen. Weitere Informationen finden Sie in der Pressemitteilung vom 19. April 2024, die auf der Website des Unternehmens und im SEDAR-Profil verfügbar ist.
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TORONTO, ON / ACCESSWIRE / May 1, 2024 / Li-Metal Corp. (CSE:LIM)(OTCQB:LIMFF)(FSE:5ZO) ("Li-Metal" or the "Company"), a developer of lithium metal anode and lithium metal production technologies critical for next-generation batteries, is pleased to announce that it has closed its previously announced private placement of units of the Company for aggregate gross proceeds of US$750,000.

Proceeds from this financing will to be used to accelerate the commercialization of Li-Metal's anode technology, and for working capital and general corporate purposes.

The full details of the financing are contained in the Company's press release dated April 19, 2024 which can be found on the Company's website at www.li-metal.com or at its SEDAR profile at www.sedar.com.

About Li-Metal Corp.

Li-Metal is a Canadian-based vertically integrated battery materials company and innovator commercializing technologies to enable next-generation batteries for electric vehicles and other applications. We believe our patented lithium metal technology, next-generation battery anode technology and production methods are significantly more sustainable than existing solutions and offer lighter, more energy-dense and safer batteries. Li-Metal's battery materials support battery developers' ability to power more cost-effective electric vehicles that go farther and unlock the future of transportation. For more information, visit: www.li-metal.com.

Li-Metal Investor Contact:
Srini Godavarthy
ir@li-metal.com
Tel: +1 647 494 4887

SOURCE: Li-Metal Corp.



View the original press release on accesswire.com

FAQ

What is the purpose of Li-Metal's private placement?

The private placement aims to accelerate the commercialization of Li-Metal's lithium metal anode technology for next-generation batteries.

How much was raised in the private placement?

The private placement raised US $750,000 in aggregate gross proceeds.

Where can the details of the financing be found?

The details of the financing can be found in the press release dated April 19, 2024, available on Li-Metal's website and SEDAR profile.

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