TORONTO, Canada – January 31, 2022 – Li-Metal Corp. (CSE: LIM) (“Li-Metal” or the “Company”) today announced the implementation of the split of its share capital on a four-for-one basis, increasing its issued and outstanding shares to 154,953,828 (the “Share Split”). Shareholder authorization to effect the Share Split was approved pursuant to a special resolution passed by shareholders on January 26, 2022 (see news release dated January 6, 2022). In accordance with the constating documents of the Company and the aforementioned shareholder approval, the board of directors of the Company passed a resolution authorizing the Share Split.

The Company anticipates its shares will trade on a post-Share Split basis on the Canadian Securities Exchange (“CSE” or the “Exchange”), as of February 2, 2022. Further details with respect to the Share Split are contained in the Company’s management information circular dated December 23, 2021, a copy of which is available on SEDAR.

The exercise price and number of shares of the Company issuable upon the exercise of any outstanding stock options, or other convertible securities will be proportionately adjusted to reflect the Share Split. No fractional post-Share Split common shares will be issued.

Appointment of Colin Farrell to the Board

Li-Metal is also pleased to announce the appointment of Mr. Colin Farrell to the board of directors. Mr. Farrell’s nomination was also approved by shareholders during the January 26, 2022 special meeting of shareholders.

Mr. Farrell previously served as an advisor to the Company’s advisory board and brings with him over 40 years of wide professional experience, including commercial, technical and policy, leadership experience. He has successfully started up and led several tax and non-tax teams in various groups at PwC. Until his retirement from PwC in 2018, Mr. Farrell was a member of PwC’s Hong Kong and China disruption and investment group, PwC’s Tax Policy Panel, PwC’s China/Hong Kong advisory committee on insurance and human resources matters, PwC Hong Kong’s Foundation and PwC Hong Kong/China’s Corporate Responsibility committee, and on a major multinational corporation’s global tax advisory council. He was also a member of PwC China/Hong Kong’s Future of Tax committee.

In addition, Mr. Farrell has leadership and start-up involvement in Hong Kong and China in human resources, corporate recovery, and cross-discipline teams. He has a broad range of client experience in tax and non-tax consulting and execution matters such as market entry, e-commerce strategy, human resources, board information needs and property disposals. Other work experience includes secondments to government and industry, deal experience, and leading system design and implementation projects cross-territory and other major change management leadership.

“We are excited to have Colin join the Li-Metal board as we deepen our reporting and tax capability at the highest level, in preparation to advance our lithium anode technologies towards product qualification and commercialization,” said Maciej Jastrzebski, Li-Metal co-founder and CEO. “We believe Colin’s background and extensive track record will be a valuable addition to the Board, and I look forward to working with him as we grow the Company and execute our strategy, creating further value for shareholders.”

New Timetable for Restricted Securities

In addition to the above-listed corporate events, the Company is also pleased to confirm a new timetable for the release of the Company’s escrowed securities. The new schedule was confirmed by the Exchange due to Li-Metal’s strengthened position, which has allowed the Company to meet higher financial and operating standards. The original release schedule outlined in the Company’s Listing Statement filed on SEDAR on November 2, 2021 has now been revised. The new timetable allows for 15% of escrowed securities to be released immediately, with an additional 25% of escrowed securities to be released every six (6) months. Ten percent of the original number of escrowed securities were released upon commencement of trading in November.

The Company currently has a total of 7,768,393 escrowed securities (7,008,062 shares and 760,331 options) in escrow, which are held by Li-Metal principals. Under the previous escrow release schedule, 10% of escrowed securities were released on November 3, 2021, when Li-Metal began trading on the CSE, which was to be followed by six subsequent releases of 15% each, every six months thereafter. The new timetable for the release of Li-Metal escrowed securities is as follows:

*Based on original number of securities presented in the Company’s Listing Statement on SEDAR.

On behalf of the Board

“Maciej Jastrzebski”

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

s.ilyas@li-metal.com

Tel: 647-795-1653

US Based Facility Produces First Batch of Advanced Anode Sample Materials for North American Battery Developers

Establishes Key Infrastructure for North America’s Next-Generation Battery Supply Chain

TORONTO, January 13, 2022 – 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 roll-to-roll anode pilot plant (the “Facility”) in Rochester, New York has been commissioned and has produced its first batch of lithium metal anode product.

The Facility represents a greater than tenfold expansion in the Company’s ability to supply lithium anode samples to next-generation battery makers and will be able to produce anode in the quantities needed for product qualification. The Facility establishes key infrastructure for the North American next-generation battery ecosystem, establishing capacity to produce thousands of large pouch cells per year.

The pilot plant will also facilitate future anode technology development, helping industrialize the Company’s second- and future-generation products and serving as an initial launching off point for the commercialization of next-generation battery technologies in North America.

“We are pleased to announce that our US based lithium anode production facility is now operational and has produced its first lithium metal anode sample material – on a wide format, roll-to-roll tool,” said Li-Metal’s co-founder and CEO, Maciej Jastrzebski. “This demonstrates our ability to execute on our commercialization strategy to entrench our anode technology, supplying next-generation battery developers with high-quality sample anode materials as they move their products through sampling and qualification stages with automakers and other end users, which significantly increases our ability to secure off-take agreements with battery developers.”

The Facility’s first product is an ultra-thin metallic lithium anode that aims to reduce the cost of next-generation batteries while improving their energy density. Li-Metal will be sending this first batch of lithium metal anode sample products for testing to ensure it meets the quality standards and required specifications of next-generation battery developers.

To meet rapidly growing demand and the need for superior lithium anode material, Li-Metal expects to reach commercial scale production by 2025. As electrification continues to gain momentum, the adoption of next-generation batteries will accelerate and electric vehicle (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.

Fully commissioned roll-to-roll lithium anode production equipment at Rochester, NY site

First metallic lithium anode product from pilot anode plant

On behalf of the Board

“Maciej Jastrzebski”

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

TORONTO, Canada – January 6, 2022 — 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, is pleased to announce that it will hold a special meeting of shareholders (the “Special Meeting”) on January 26, 2022 at 11:00 a.m. (Eastern Time). The record date for this Special Meeting is December 20, 2021.

The purpose of the Special Meeting is to ask shareholders to grant Li-Metal’s Board of Directors (the “Board”) the authority to split the Company’s issued and outstanding common shares on a 4-for-1 basis to allow for a more accessible trading range for investors, to enhance liquidity and to increase investor interest in Li-Metal and its business. This share split does not affect the market value of Li-Metal’s shares or a shareholder’s proportionate ownership stake in the Company. Any authority proposed to be granted to the Board to split the shares is conditional upon the prior approval of the Canadian Securities Exchange.

Board size is the second matter to be considered by the Board at the Special Meeting. Shareholders will be asked to consider passing a resolution authorizing the board to determine the number of directors on the Board from time to time within the minimum and maximum number set in the articles of the Corporation.

In addition to this, the Special Meeting will consider increasing the number of directors to six and electing Colin Farrell to the Board. Mr. Farrell sits on the Company’s advisory board and holds over 40 years of wide professional experience, including commercial, technical and policy, leadership experience. Mr. Farrell has successfully started up and led several tax and non-tax teams in various groups at PwC. Until his retirement from PwC in 2018, Mr. Farrell was a member of PwC’s Hong Kong and China disruption and investment group, PwC’s Tax Policy Panel, PwC’s China/Hong Kong advisory committee on insurance and human resources matters, PwC Hong Kong’s Foundation and PwC Hong Kong/China’s Corporate Responsibility committee, and on a major multinational corporation’s global tax advisory council. He was also a member of PwC China/Hong Kong’s Future of Tax committee.

In addition, he has leadership and start-up involvement in Hong Kong and China human resources, corporate recovery, and cross-discipline teams. Mr. Farrell has a broad range of client experience in tax and non-tax consulting and execution matters such as market entry, e-commerce strategy, human resources, board information needs and property disposals. Other work experience includes secondments to government and industry, deal experience, and leading system design and implementation projects cross-territory and other major change management leadership.

The full details of the special business mentioned above have been outlined in the Company’s management information circular and has been posted under the Company’s profile on SEDAR, along with Li-Metal’s notice of Special Meeting and form of proxy.

On behalf of the Board

Maciej Jastrzebski

Co-Founder and Chief Executive Officer

Li-Metal Corp.

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

TORONTO, Canada – January 6, 2022 — 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 issued a letter to shareholders from co-founder and CEO, Maciej Jastrzebski.

Dear Shareholders:

I would like to sincerely wish you a Happy New Year, and I hope that 2022 is a wonderful year for you and your loved ones. On behalf of the Li-Metal team, I would like to extend our appreciation and gratitude for your support – you have played a major role in helping Li-Metal get to where we are today.

2021 was a big year for Li-Metal! We made major progress on our mission to develop and commercialize high-performance low-cost anode technologies for next-generation batteries, and we continue to execute our “Entrench then Grow” strategy:

Your board, senior management and the entire Li-Metal team are focused on developing Li-Metal into a cornerstone of the future battery supply chain. I’d like to highlight some of the key achievements from the last year and tell you about what we will be working on in 2022.

Lithium Metal Production Process – Lithium metal production is a key element of our vertically-integrated technology. We believe lithium metal production capacity will be a key bottleneck in the supply chain for next-generation batteries. The ability to produce this critical material in-house from widely available feedstock will give Li-Metal a strategic advantage and ensure that we can be a reliable local supplier and maintain supply-chain security for our customers.

The team’s efforts over the last year have yielded important breakthroughs, including successful small-scale demonstration of Li-Metal’s patent-pending process, production demonstration of lithium metal at high current efficiency directly from lithium carbonate, development of key custom processes and mechanical equipment needed for large-scale demonstration, and successful functional testing of these important elements of the technology.

Anode Technology Development – Low-cost high-performance lithium metal anodes are needed to commercialize next-generation batteries. Li-Metal’s development approach leverages a highly flexible technology platform that will allow volume production of large-format, ultra-thin metallic lithium anodes at low cost. The anode technologies currently in development promise to have broad applicability across a number of next-generation battery technologies and have substantial further development potential, such as cost, specific energy and energy density.

Over the past 12 months, our team has worked with external partners to advance the development of our first-generation anode materials. Li-Metal has delivered over 1,000 metres (approximately 3,300 feet) of sample material – enough to produce hundreds of test-cells. We have successfully engaged with 10 of the leading next-generation battery start-ups, battery developers and vehicle OEMs, most of whom maintain active test and development programs using our materials. We continue to work closely with these potential future customers to advance and refine our products as they move their battery technologies towards commercialization.

Our team has also been busy laying the groundwork for second and third generation products by commencing proof-of-concept and small-scale test-work on more advanced anode materials. Once fully developed, these materials are expected to offer improved cycling performance over pure lithium anodes, which has the potential to increase battery life and charging rates. Throughout the process, Li-Metal continues to expand its intellectual property base with 16 patent filings in 2021.

Capacity Expansion – The second half of 2021 marked the beginning of a significant expansion of Li-Metal’s footprint and development capabilities via three capital projects, signaling an important transition in scope and program maturity.

In November 2021, the Company’s main operations were moved to Riviera, a 14,000 sq-ft facility in Markham, Ontario. In addition to serving as the new head office, Riviera hosts two development spaces. The first, completed in December, is the Advanced Anode Material Development Lab, which is equipped with bench-scale anode deposition equipment, gloveboxes, cyclers and analytical equipment, which will allow for rapid development of new anode materials, while also providing key quality control and process optimization tools in support of industrialization.

The second development space at Riviera, the Lithium Metal Production Pilot & Development Plant, contains the infrastructure and electrolysis equipment needed for production piloting and continued development of Li-Metal’s lithium metal production process. This is now nearing completion and is expected to be operational in early 2022, enabling the process scale-up and testing program to be completed this year.

To support on-going commercialization, Li-Metal is completing the commissioning of its Anode Pilot Plant in Rochester, NY. We expect this facility to allow a ten-fold or more increase in Li-Metal’s ability to supply sample materials (i.e. lithium metal anodes) to prospective customers. The capability to do this in the United States means that we will be able to provide our prospective customers with materials quickly and without the need for costly and lengthy international shipping, which is exactly what is needed to accelerate their sampling programs and shorten the development cycle. This capability is an important part in executing our “Feed the Developers” strategy to entrench Li-Metal’s technology in next-generation batteries. The facility is expected to deliver its first product in early 2022.

The Rochester facility will play an important role in our anode technology development effort, as it will also serve as a test centre for industrializing our second-and-beyond generation products.

Public Listing – Needless to say, the Company’s listing on the Canadian Securities Exchange on November 3rd, 2021 was a huge milestone. With the proceeds from the recently completed warrant acceleration, the Company is now sufficiently capitalized to complete its entire 2022 program, growing the team and bringing forward activities previously planned for 2023. The listing will continue to expand Li-Metal’s profile and visibility in the investment community and increases Li-Metal’s credibility as we transition from a technology developer to a bona fide supplier of lithium metal and lithium metal anodes to battery producers and automotive OEMs in the coming years.

Principal Objectives for 2022

Looking ahead, 2022 promises to be an exciting year for Li-Metal. Our team is set to grow substantially as we expand the scope of our activities. The team will be focused on three over-arching objectives:

We are setting our sights high and as always expect there to be challenges, but I am confident the team and physical infrastructure we have built over the last year have put Li-Metal in a great position to achieve our goals, and to realize the Company’s potential. Thank you again for your continued support and I look forward to updating you on our progress in 2022.

Sincerely,

Maciej Jastrzebski

Co-Founder and Chief Executive Officer

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

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

(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

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

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