Welcome to our dedicated page for LI METAL news (Ticker: LIMFF), a resource for investors and traders seeking the latest updates and insights on LI METAL stock.
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.
Li-Metal Corp. has entered a binding agreement with Mustang Vacuum Systems for the exclusive supply of high-performance PVD machines aimed at producing materials for next-generation batteries. This partnership is designed to enhance Li-Metal's anode business and secure a reliable machine-building partner to meet growing customer demands. The agreement will lead to further definitive contracts, including a Master Supply Agreement, with Li-Metal offering 4,375,000 shares and 21,000,000 warrants to MVS. The collaboration is anticipated to accelerate the commercialization of innovative battery technologies as the market for next-generation anodes is projected to exceed US$10 billion by 2030.
Li-Metal Corp. (CSE:LIM)(OTCQB:LIMFF) announced its participation in several upcoming investor webinars and industry conferences. On February 28, 2023, the Swiss Resource Capital will host a webinar featuring updates on the company's lithium metal technologies. Li-Metal will also participate in the Electric Autonomy EV Innovation & Technology Conference on February 8, a virtual conference on battery materials from February 15-16, and the NAATBatt Annual Meeting from February 20-23. Furthermore, Kunal Phalpher will present at CERAWeek from March 6-10, discussing transformational technology for future energy.
Li-Metal Corp. (CSE:LIM)(OTCQB:LIMFF) has made significant strides in 2022, focusing on commercialization of lithium metal technologies for next-generation batteries. The company secured a $1.9 million grant from Next Generation Manufacturing Canada as part of a $5.1 million project with Blue Solutions. Key achievements include commissioning a pilot facility in Rochester, producing over 4,200 meters of anode material, and completing proof-of-concept testing for silicon anode pre-lithiation. Looking ahead, Li-Metal aims to demonstrate continuous lithium metal production and advance its commercial-scale plant engineering while deepening partnerships with automakers and battery developers.
Li-Metal Corp. (CSE:LIM)(OTCQB:LIMFF) announced a 200% increase in lithium metal anode material production at its Rochester, New York facility. The pilot plant has produced over 3,000 metres of materials in 2022, surpassing 2021's total output. The company is also developing a commercial-scale anode plant to produce up to 1 million metres of anodes annually. Li-Metal has initiated testing for silicon anodes and signed a marketing agreement with Blender Media to enhance market presence.
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