Markham-Based Lithium Anode Materials Lab to Increase Development Capability for North American Next-Generation Battery Makers

Toronto, November 25, 2021 – Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, announced today that its advanced anode material development facility (the “Facility”) in Markham, Ontario has reached initial operation capability.

The Facility houses small-scale deposition equipment that can rapidly produce anode materials for evaluation and testing, which is a key piece of the strategy to develop Li-Metal’s highly scalable, cost-effective, sustainable lithium anode technology. These advanced anode materials will be produced at the Facility for evaluation and optimization, followed by initial industrialization at the roll-to-roll anode facility in Rochester, New York.

“Our advanced anode material development facility will greatly enhance our ability to develop our second- and third-generation products and to customize them for each of our customers’ specific and unique needs,” said Li-Metal’s co-founder and CEO, Maciej Jastrzebski. “This facility increases our capacity to deliver on our product roadmap and to grow our product and IP portfolio.”

To meet rapidly growing demand and the need for superior lithium anode material, Li-Metal expects to reach commercial scale by 2025. As electrification continues to gain momentum, the adoption of next-generation batteries will accelerate and EV manufacturers will seek high-performance next-generation batteries to power more cost-effective, longer-range and safer EVs. The need for high-performance anodes is expected to surge as total demand for lithium-ion batteries is expected to exceed 2.6 TWh per year, according to BloombergNEF and total annual EV production is expected to exceed 30 million vehicles per year. Major global EV manufacturers including BMW, GM and Volkswagen are expected to advance next-generation batteries to product qualification for future EVs in the coming years – sufficient lithium metal anode production will be critical to clearing this hurdle.

On behalf of the Board

Maciej Jastrzebski

CEO and Director

About Li-Metal Corp.

Li-Metal is a Canadian-based company developing 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 offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may 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 about, among other things, the Company’s strategic plans are forward-looking information. These statements should not be read 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 be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

For more information on Li-Metal or to be added to the Company’s email distribution list, please contact:

Salisha Ilyas

ir@li-metal.com

647-795-1653

Media Contact

Harry Nicholas

Li-MetalPR@icrinc.com

Toronto, November 23, 2021 – Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, today announces that the Company will be accelerating the expiry of all of its outstanding warrants, pursuant to the terms of the warrant indenture dated September 7, 2021 (the “Warrant Indenture”).

On October 25^th, 2021, Li-Metal issued a total of 10,500,000 warrants with an expiry date of October 25^th, 2023 (the “Warrants”), which are exercisable at the Canadian dollar equivalent of US$1.50, according to the U.S./Canadian exchange rate (the “Exchange Rate”) as reported by the Bank of Canada on the close of business the day before the closing of the reverse takeover transaction involving 2555663 Ontario Limited and Eurotin Inc. (the “Transaction”). The Exchange Rate was determined by the Company to be CAD$1.2357 per US$1.00. Pursuant to the Warrant Indenture and as previously disclosed, the expiry date of the Warrants would accelerate if the volume-weighted average price (“VWAP”) of the Company’s common shares (the “Common Shares”) on the Canadian Securities Exchange (the “CSE”) was equal to or greater than the Canadian dollar equivalent of US$3.50 (calculated according to the Exchange Rate) over a period of five consecutive trading days on the CSE. Within 10 business days following such five-day period, Li-Metal would accelerate the expiry date of such Warrants by issuing a press release.

As the VWAP of the Company’s Common Shares has exceeded the Canadian dollar equivalent of US$3.50 over a period of five consecutive trading days, Li-Metal now announces that the expiry date for the Warrants will be December 23, 2021. The Company will also provide written notice of such expiry date directly to all Warrant holders. If all Warrants issued by the Company are exercised, the Company will receive aggregate proceeds of CAD$19,462,275 in connection with the exercise of such Warrants.

To exercise the abovementioned Warrants, holders of Warrants are required to courier the following to the Company’s transfer agent on or before December 23, 2021 at 5:00 pm (Toronto time):

• a duly completed and executed exercise form (hardcopy), which can be found on the investor relations page of Li-Metal’s website (https://li-metal.com/investor);

• the original certificate or direct registration system (“DRS”) advice representing the Warrants being exercised by such holder; and

• payment of the aggregate exercise price (CAD$1.85355 per Warrant) made payable to “Li-Metal Corp.” by way of certified cheque, money order or bank draft.

Warrant holders should stipulate whether they would like to receive a certificate or DRS advice representing the Common Shares to be issued upon exercise of their Warrants. All documentation should be couriered to: TSX Trust Company, Attn: Corporate Actions, 301 – 100 Adelaide Street West, Toronto, ON, M5H 4H1.

Common Share Issuance in Satisfaction of Interest Payment

Li-Metal also announces that, further to the news release published by the Company on October 25, 2021, the Company has issued 141,367 Common Shares to six prior debenture holders in satisfaction of interest owed by the Company on senior secured convertible debentures (the “Debentures”) in the amount of US$141,369.87 (the “Interest Payment“). No fractional Common Shares were issued in satisfaction of the Interest Payment. The Common Shares issued in satisfaction of interest payable under the Debentures are subject to four-month hold period resale restrictions under Canadian securities laws. The issuance of the Common Shares in lieu of cash was subject to the terms and conditions of the Debentures as well as the receipt of any requisite approvals, including, without limitation, the approval of the CSE.

On behalf of the Board

Maciej Jastrzebski

CEO and Director

 

About Li-Metal Corp.

Li-Metal is a Canadian-based company developing 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 offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may 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 about, among other things, the Company’s strategic plans are forward-looking information. These statements should not be read 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 be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

For more information on Li-Metal or to be added to the Company’s email distribution list, please contact:

Salisha Ilyas
Tel: 647-795-1653
Email: ir@li-metal.com

Capacity Expansion to Advance Development of Anode Production Technology for
Next-Generation Batteries

Toronto, November 22, 2021 – Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, announced today that key long lead anode production equipment to be used at Li-Metal’s roll-to-roll anode facility in Rochester, New York has shipped. This equipment plays an important part in expanding the Company’s anode production capabilities and is expected to be operational in January 2022.

“This is a significant milestone for Li-Metal as we execute on our strategy; the equipment shipping today will increase our production capacity more than tenfold and allow us to supply our first-generation products to US-based battery developers working to commercialize next-generation batteries” said Li-Metal’s co-founder and CEO, Maciej Jastrzebski. “Having this capacity located in the US is a huge advantage because it will allow us to get anodes into developers’ hands faster. Now we’ll be able to respond to requests in days not months, which makes us more agile and drastically shortens the development cycle for us and for them.”

The Company’s roll-to-roll anode demonstration facility will be instrumental in executing on Li-Metal’s commercialization strategy, as it will supply samples to next-generation battery makers in quantities needed for product qualification – a key step before next-generation batteries can be used in electric vehicles. The demonstration facility incorporates flexible functionality that will allow it to be used for industrialization of second- and third-generation products currently under development by Li-Metal’s team of engineers.

“Beyond perfecting our lithium-on-copper anode products, the demonstration plant will give us the opportunity to trial roll-to-roll production of our more advanced anode materials – including those which aim to reduce cost and improve electrochemical performance,” said Dean Frankel, Li-Metal’s Chief Commercial Officer.

As electrification continues to gain momentum, the adoption of next-generation batteries will accelerate as electric vehicle (EV) manufacturers seek high-performance batteries to power more cost-effective, longer range and safer EVs. The need for high-quality anodes will surge as demand for lithium-ion batteries is expected to exceed 2.6 TWh per year, according to BloombergNEF and total annual electric vehicle production is expected to exceed 30 million vehicles per year. Additionally, major global EV manufacturers including BMW, GM and Volkswagen are expected to advance next-generation batteries to product qualification for future electric vehicles in the coming years – sufficient lithium metal anode production will be critical to clearing this hurdle. To meet rapidly growing demand and the need for superior lithium anode material, Li-Metal expects to reach commercial scale by 2025.

On behalf of the Board

Maciej Jastrzebski

CEO and Director

Tel: 647-795-1653

About Li-Metal Corp.

Li-Metal is a Canadian-based company developing 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 offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may 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 about, among other things, the Company’s strategic plans are forward-looking information. These statements should not be read 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 be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

For more information on Li-Metal or to be added to the Company’s email distribution list, please contact:

Salisha Ilyas

ir@li-metal.com

Media Contact

Harry Nicholas

Li-MetalPR@icrinc.com

Toronto, November 17, 2021 – Li-Metal Corp. (CSE: LIM) (“Li-Metal” or the “Company”), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, today provided a business update and outlined its strategy for commercialization by 2025.

As electrification continues to gain momentum, the adoption of next-generation batteries will accelerate as electric vehicle (EV) manufacturers seek high-performance batteries to power more cost-effective, longer range and safer EVs. The need for high-quality anodes will surge as demand for lithium-ion batteries is expected to exceed 2,000GWh per year, according to BloombergNEF and total annual electric vehicle production is expected to reach 25 million vehicles per year, according to LMC Automotive Ltd. Additionally, major global EV manufacturers including BMW, GM and Volkswagen are expected to advance next-generation batteries to product qualification for future electric vehicles in coming years. To meet rapidly growing demand and the need for superior lithium anode material, Li-Metal expects to reach commercial scale by 2025.

“There is tremendous whitespace opportunity for mid-steam suppliers building the foundation for the next-generation battery supply chain,” said Li-Metal’s co-founder and CEO, Maciej Jastrzebski. “Li-Metal plans to become the preeminent lithium metal and lithium metal anode supplier and we are confident in our ability to get to commercial production quickly as we address an emerging and pressing underlying trend in global electrification.”

Commercialization Strategy – Entrench then Grow

As Li-Metal develops and scales its technologies to address the industry’s transition from conventional lithium-ion batteries to next-generation batteries, the Company aims to implement a three-stage strategy in order to achieve full commercial scale:

• Feed the Developers – Li-Metal provides high-quality sample anodes to battery developers and is expanding its pilot production and development facilities for incorporation into EV qualification trials.

• Be the Reliable Local Supplier – Li-Metal plans to produce lithium metal to secure a domestic supply in North America and to sell excess material into several markets including pharmaceuticals, specialty chemicals, alloys, and batteries.

• Proliferate the Technology – Li-Metal plans to supply anode material and license its production technology to battery cell and EV manufacturers, and supply lithium metal consumables to operators, while continuing to provide advanced anode materials to battery developers.

The Company’s Markham facility will be home to Li-Metal’s lithium metal pilot facility and advanced anode materials lab. In addition, the Company plans to install a pilot roll-to-roll anode facility in Rochester, New York, to supply qualification samples to the market and to advance the development of its anode production technology, which is expected to come online in early 2022. Production of lithium metal is expected from the Markham pilot plant starting in 2022. It is expected that this will be followed by the roll-out of commercial-scale production in 2023-2025. Development of commercial-scale anode production equipment is on-going, and initial commercial-scale anode production capacity is expected to come online in 2023.

Currently Li-Metal provides sample lithium metal anode material to customers for testing, as they advance the development of their next-generation batteries. In total, 1,015 metres of sample anode material have been delivered to nine customers in 2021.

Commences Trading on the Frankfurt Stock Exchange (FSE)

Li-Metal also announces that it has commenced trading on the FSE under the ticker symbol “5ZO.” The FSE is the largest stock exchange in Germany and one of the largest exchanges in the world. Through its dual listing, Li-Metal provides European investors with the opportunity to invest in a compelling next-generation battery story while benefiting from a diversified investment base.

On behalf of the Board
“Maciej Jastrzebski”
Maciej Jastrzebski
CEO and Director
Tel: 647-795-1653

About Li-Metal Corp.

Li-Metal (CSE: LIM) (FSE: 5ZO) is a Canadian-based company developing 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 offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may 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 about, among other things, the Company’s strategic plans are forward-looking information. These statements should not be read 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 be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

Salisha Ilyas
ir@li-metal.com

Media Contact

Harry Nicholas
Li-MetalPR@icrinc.com

Seasoned C-Suite Executive to Spearhead All Financial Operations
for Next-Generation Battery Disrupter

Toronto, November 10, 2021 – Li-Metal Corp. (CSE: LIM) (“Li-Metal” or the “Company”), a leading developer of scalable lithium metal anode and lithium metal technologies critical for next-generation batteries, announces that Mr. Carlos Pinglo will be leading the Company’s finance function in the role of CFO and Corporate Secretary effective as of October 25, 2021.

Mr. Pinglo brings more than 25 years of experience as an economist and senior finance executive in the metals sector at both private and public companies. He has a proven track record in executing strategic corporate financial planning and M&A activity supporting organizations’ ability to scale and maximize profitability. Mr. Pinglo reports directly to Li-Metal’s co-founder and CEO, Maciej Jastrzebski.

“I am pleased to welcome Carlos to Li-Metal as he joins at an important juncture in our growth trajectory as we develop and scale our lithium metal anode and lithium metal technologies as a publicly traded company,” said Mr. Jastrzebski. “Carlos is a seasoned senior financial executive with extensive expertise in the metals space, and we look forward to leveraging his unique insights and experience as we grow and deliver value to all of our stakeholders.”

Mr. Pinglo has held a variety of roles in the metals industry and currently also holds the role of CFO and Corporate Secretary at AbraSilver Resource Corp., a leading silver, gold, and copper exploration company. Previously, Mr. Pinglo held the title of CFO at Adriana Resources Corporation, Carpathian Gold Inc., First Bauxite Corporation, and Medoro Resources Ltd. Earlier in his career, he served as the Controller of both Silver Eagle Mines Inc. and Excellon Resources. He also served as a member of the board of directors at Mineros Nacionales S.A.

Engages Digital Marketing Firm

Li-Metal also announces that it has retained First Marketing GmbH (the “Service Provider”), a leading investor relations and marketing firm based in Heidelberg, Germany, to provide advertising, corporate communications and promotional services in Germany, Switzerland and Austria. Pursuant to the terms and conditions of this agreement, which commences on November 12, 2021, the Service Provider is to provide content distribution, translation and advertising services in Europe.

First Marketing will provide these services on an ongoing basis. The cost for 12 months of services, for which Li-Metal has agreed to pay, is an aggregate of €1,500,000.  Such cost is payable in three installments, €375,000 of which was to be paid upon signing; €625,000 of which is to be paid in the first week of January 2022, and €500,000 of which is to be paid on April 1^st, 2022. Three principals of the Service Provider are securityholders of the Company, and as of the date hereof, hold among them a total of 3,816,461 common shares, which constitutes 13.6% percent of the total issued and outstanding share capital of the Company, and 3,375,000 Warrants.

On behalf of the Board

“Maciej Jastrzebski”

Maciej Jastrzebski

CEO and Director

Tel: 647-795-1653

About Li-Metal Corp.

Li-Metal (CSE: LIM) is a Canadian-based company developing 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 offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may 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 about, among other things, the Company’s strategic plans are forward-looking information. These statements should not be read 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 be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

Salisha Ilyas>br>

ir@li-metal.com

 

Media Contact

Harry Nicholas

Li-MetalPR@icrinc.com

Next Generation Battery Technology Disrupter to Trade under the Ticker “LIM” on the CSE

Toronto, November 3, 2021 – Li-Metal Corp. (“Li-Metal” or the “Company”), a leading developer of scalable lithium anode and lithium metal technologies critical for next generation batteries, announces that, as of today, November 3, 2021, the common shares of the Company will begin trading on the Canadian Securities Exchange (the “CSE”) under the ticker “LIM”.

Founded in Toronto by Maciej Jastrzebski, the Chief Executive Officer of Li-Metal and Tim Johnston, a director of Li-Metal and the Co-Founder and Executive Chairman of Li-Cycle Corp., Li-Metal addresses a pressing underlying technology trend in global electrification – the development and adoption of next generation batteries. It is imperative that the battery supply chain adapts as the world transitions from conventional lithium-ion batteries to next generation batteries.

“We are thrilled to make our debut as a publicly traded Canadian company on the CSE and are positioned to scale our breakthrough metallic lithium anode and metal production technologies,” said Mr. Jastrzebski. “Producing next generation batteries for electric vehicles with existing technologies can be costly, as they use more lithium than needed and the production costs are high. By utilizing Li-Metal’s technologies, battery cell manufacturers and original equipment manufacturers will be able to produce advanced batteries with less lithium, reducing the need for a finite resource, powering more cost-effective, longer range and safer electric vehicles.”

Li-Metal sits at the epicenter of three heavy macroeconomic trends: the need to support the mass adoption of next generation batteries, a North American supply shortage of critical battery materials and the need for environmentally friendly solutions supporting the electric vehicle revolution. Li-Metal is developing two scalable, cost effective, safe and sustainable technologies that address these core megatrends:

Retains Investor Relations Consultant

Li-Metal is also pleased to announce that it has retained Target IR & Communications (“Target IR”), a full-service investor relations consultancy based in Toronto. Target IR will provide investor relations services for the Company with the aim of increasing Li-Metal’s visibility in the investment community and will engage with analysts and investors and communicate key events to shareholders.

Target IR will provide investor relations services to Li-Metal for a 12-month period and will be paid C$8,000 on a monthly basis, exclusive of applicable taxes and certain expenses incurred. Target IR will also be granted options to purchase up to 20,000 common shares of the Company, half of which will vest and become exercisable 12 months after the date of issuance, the other half of which will vest and become exercisable 24 months after the date of issuance.

About Li-Metal Corp.

Li-Metal is a Canadian-based company developing 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 offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information visit, www.li-metal.com.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may 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 about, among other things, the Company’s strategic plans are forward-looking information. These statements should not be read 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 be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Investor Contact

Salisha Ilyas

ir@li-metal.com

 

Media Contact

Harry Nicholas

Li-MetalPR@icrinc.com