Monthly Archives: December 2021

LI-METAL RETAINS INVESTOR RELATIONS FIRM RENMARK FINANCIAL

TORONTO, Canada – December 30, 2021 — Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”) announced today that it has retained the services of Renmark Financial Communications Inc. (“Renmark”) to further support its investor relations activities.

“We are pleased to be working with Renmark to broaden our visibility within the North American investment community. This is part of our overall investor relations strategy to enhance Li-Metal’s profile and to increase shareholder value,” said Maciej Jastrzebski, co-founder and CEO.

In consideration of the services to be provided, the monthly fees incurred by Li-Metal Corp. will be a cash consideration of CAD$7,000, starting December 1st, 2021 for a period of six months ending on May 31st, 2022 and monthly thereafter.

Renmark Financial Communications does not have any interest, directly or indirectly, in Li-Metal Corp. or its securities, or any right or intent to acquire such an interest.

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

CORRECTION: LI-METAL RAISES OVER $19 MILLION FROM THE EXERCISE OF SHARE PURCHASE WARRANTS

(This release corrects the release that was posted on December 24, 2021, which incorrectly stated that the Company’s cash and equivalents position was approximately CAD$38.0 million.)

TORONTO, Canada – December 27, 2021 — Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”) announced today a correction to its news release entitled “Li-Metal Raises Over $19 Million from the Exercise of Share Purchase Warrants” which was issued on December 24, 2021 (the “Initial News Release”).

The Initial News Release incorrectly stated that the Company’s cash and equivalents position was approximately CAD$38.0 million. Li-Metal’s correct cash and equivalents position is approximately CAD$28.0 million. This correction does not change any other information reported in the Initial News Release.

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

LI-METAL RAISES OVER $19 MILLION FROM THE EXERCISE OF SHARE PURCHASE WARRANTS

TORONTO, Canada – December 24, 2021 — Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”) is pleased to announce that it has raised CAD$19,462,275 from the exercise of 10,500,000 share warrants with an exercise price of CAD$ 1.85355 per warrant (the “Warrants”). The Warrants were originally issued pursuant to the terms of the Company’s warrant indenture dated September 7, 2021 (the “Warrant Indenture”), and subsequently accelerated as per the terms of the Warrant Indenture (refer to news release dated November 23, 2021). As of today, the Company has approximately CAD$38.0 million in cash and equivalents.

“The exercising of these warrants provides capital that Li-Metal will use to continue development of our technologies as we work towards full commercial-scale production,” said Maciej Jastrzebski, co-founder and CEO. “The proceeds further strengthen our balance sheet as we advance our growth strategy focused on expanding lithium anode production capacity and lithium metal output. We are pleased that our shareholders continue to demonstrate their confidence and support in our business by fully funding our growth plans for next year and beyond.”

Li-Metal intends to use the proceeds from this completed exercise of warrants to:

• Expand engineering and operational teams at Rochester, NY and Markham, ON sites to accelerate development and scale-up work;
• Add analytical tools and facilities at the Markham, ON site to improve accuracy and turn-around time for piloting and development samples; and
• Complete engineering, purchase major equipment and complete build-out of commercial-scale anode production demonstration plant to be built in 2023.

The Company has 38,690,154 shares issued and outstanding as at December 24, 2021.

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