Li-Metal Appoints Anthony Tse as Chairman

TORONTO, ON / ACCESSWIRE / November 28, 2023 / Li-Metal Corp. (CSE:LIM)(OTCQB:LIMFF)(FSE:5ZO) ("Li-Metal" or the "Company"), a developer of lithium metal anode and lithium metal production technologies critical for next-generation batteries, today announced the appointment of current Non-Executive Director and Board member Mr. Anthony Tse to the position of Chairman of the Board.

Mr. Tse has been a member of the Board of Directors of Li-Metal since 2019. He is a veteran of the lithium industry and the battery value chain and brings close to 30 years of private and public corporate experience in numerous high-growth industries, spanning technology, natural resources and specialty chemicals. For well more than a decade, he has been actively engaged in various parts of the energy transition sector - he has managed businesses and operations across four continents, including Greater China/Asia, Australia, North and South America, and more recently has played an active role as a private equity investor, working with some of the leading financial institutions globally, investing across the sector ranging from cathode to anode materials, as well as lithium battery cell manufacturing.

Mr. Tse has a notable track record in the industry, having previously served as the Managing Director and Chief Executive Officer of Galaxy Resources for more than 11 years, where he grew the company from an initial US$20 million valuation to today becoming a company with a multi-billion dollar market capitalization. He developed and managed a global portfolio of lithium assets, including mining operations and development projects spanning Australia, Canada and Argentina; he was also a pioneer in the industry being the first foreign company to build what at the time was the largest lithium conversion facilities in China, while also building a strategic customer network across Asia, North America and Europe. He retired from the Board following the completion of the merger with Orocobre, which created Allkem, which has established its position as the world's fifth largest lithium producer.

"We are pleased to name Anthony as our new Non-Executive Chairman as we continue to accelerate our scale up efforts for our disruptive, vertically integrated approach to the production of high-performance, ultra-thin lithium metal anodes," said Srini Godavarthy, CEO of Li-Metal. "Anthony is a familiar face at Li-Metal and has a deep understanding of our business and the opportunities ahead. I look forward to continuing to work closely with Anthony and leveraging his ongoing strategic guidance as Li-Metal executes on our growth strategy."