Li-Metal Provides Corporate and Operational Update

TORONTO, ON / ACCESSWIRE / April 12, 2022 / Li-Metal Corp. (the "Company" or "Li-Metal") (CSE:LIM) (OTC PINK:LIMFF) (FSE:5ZO), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, is pleased to provide a corporate and operational update.

Scale Up of Anode Production Facility

In January 2022, Li-Metal announced the completion and commissioning of its anode production facility in Rochester, New York. This facility, which shipped the Company's first product, is currently operating, providing sample anode materials to prospective customers and supporting Li-Metal's joint-development program with Blue Solutions. The capability to produce lithium metal anode product in the United States enables Li-Metal to provide customers with high performance ultra-thin anode materials quickly and without the need for costly and lengthy international shipping; this accelerates customer qualification processes and shortens the development cycle for next-generation batteries.

Construction of Lithium Metal Production Pilot Plant

Lithium metal production is a key element of the Company's vertically integrated technology. Major equipment installation at Li-Metal's lithium metal pilot facility, located in Markham, Ontario, has been completed, and the Company is preparing to complete hot-commissioning as early as next week, to be followed by initial pilot testing shortly thereafter. Li-Metal expects the plant to achieve initial operating capability in April, as opposed to March 2022 as originally planned.

Currently, lithium metal production is concentrated in China and conventional processes are not environmentally sustainable due to their production of chlorine gas. Li-Metal is developing a cleaner lithium metal production process and the ability to produce this critical material in-house from widely available feedstock (i.e. lithium carbonate) will give Li-Metal a strategic advantage and ensure that the Company can be a reliable local supplier, maintaining a secure supply-chain for customers.

"Li-Metal continues to invest in key capital projects that are important for the Company's long term growth strategy and the future of North America's next-generation battery supply chain," commented Maciej Jastrzebski, CEO and co-founder. "So far this year, we have commissioned our anode production facility in Rochester, which already shipped its first ultra-thin anode products, and recently completed the equipment installation at our lithium metal production facility in Markham. These achievements, along with a strong cash balance, allow us to advance our strategy and take advantage of future growth opportunities as a leading domestic supplier of battery materials."