Li-Metal Issues New Year's Letter to Shareholders

TORONTO, ON / ACCESSWIRE / 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:

Feed the developers - Provide high-quality sample anode materials to battery developers as they move their products through sampling and qualification stages with automakers and other end users.

Be the reliable local supplier - Produce anodes and lithium metal locally in North America from widely available feedstocks to secure the upstream supply chain, making Li-Metal the natural partner for battery producers and automotive OEMs, while selling excess metal into several markets including pharmaceuticals, specialty chemicals, alloys, and batteries.

Proliferate the technology - Scale in-house production of anode materials and lithium metal, whilst continuing to explore various commercial partnerships with battery producers and automotive OEMs.

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.