Li-Metal Announces Entry Into Non-Binding LOI for Strategic Sale of Lithium Metal Business for an Indicative Purchase Price of US$11,000,000 (~C$15,000,000)
Li-Metal Announces Entry Into Non-Binding LOI for Strategic Sale of Lithium Metal Business for an Indicative Purchase Price of US$11,000,000 (~C$15,000,000)
Li-Metal enters into non-binding LOI for all cash transaction for sale of lithium metal technology to support the continued commercialization of lithium anode technology
Li-Metal签署了一项非约束性谅解备忘录,以通过出售锂金属技术来支持锂负极技术的商业化
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - 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, has entered into a non-binding letter of intent (the "LOI") dated June 27, 2024, with an arm's length purchaser (the "Purchaser"), detailing a proposed acquisition (the "Sale Transaction") of Li-Metal's lithium metal business for an indicative purchase price of US$11,000,000 (~C$15,000,000) following the previously announced advanced discussions regarding the potential sale of the Company's lithium production business. The LOI grants the potential purchaser an exclusivity period of no less than 30 days for the parties to negotiate the potential transaction. At this time, the parties have not agreed to a definitive agreement and there is no certainty that an agreement will be reached at the indicative purchase price or that an agreement will be reached, or a transaction completed at all. The intention of the transaction would be to enhance the Company's balance sheet and provide capital to allow the Company to focus on its lithium metal anode business.
加拿大安大略省多伦多--(Newsfile corp. - 2024年6月28日)--Li-Metal企业(CSE:LIM)(OTCQB:LIMFF)(FSE:5ZO),一家开发用于下一代电池的锂金属负极和锂金属生产技术的开发商,已于2024年6月27日签署了非约束性意向书(LOI)与与其无关联的收购方(Purchaser),详细介绍了拟议收购(Li-Metal的锂金属业务,以预计收购价格1100万美元(~1千500万加元),此次商讨是基于商业化锂生产业务的潜在销售之前宣布的。LOI授予潜在购买方30天以上的独家谈判期,以协商潜在交易。截至目前,双方尚未就明确协议达成协议,也不确定是否会以预计收购价格达成协议或根本达成交易。交易意图是增强公司的资产负债表,并提供资本,以使公司将重点放在其锂负极业务上。
"The acquisition of the lithium metal business represents an important milestone as Li-Metal continues to advance the commercialization of its next-generation battery materials," commented Anthony Tse, Chairman of the Board. "The cash generated by the sale will allow the anode business to scale to support Li-Metal's anode customers as they continue to advance development towards the commercialization of their lithium metal and silicon batteries for high energy density applications."
“该锂金属业务的收购标志着Li-Metal在推进下一代电池材料商业化方面又迈出重要一步,”董事长Anthony Tse评论道,“所产生的现金将使负极业务能够扩大规模,支持Li-Metal负极客户,同时它们会不断推进其锂金属和硅电池的商业化,以应用于高能量密度应用。”
Next-generation Battery Anode Technology Update
下一代电池负极技术新情况
Li-Metal continues to make progress in developing PVD lithium anode technology and fine-tune the production process. Using the small-scale production facility in Rochester, New York, the Company continues to supply sample anode products for customers in North America, Europe and Asia. These samples are pivotal in supporting the qualification and commercialization of the Company's ultra-thin lithium anode products in its next-generation batteries.
Li-Metal在开发PVD锂负极技术和优化生产工艺方面继续取得进展。利用纽约罗切斯特的小型生产设施,该公司继续为北美、欧洲和亚洲的客户提供样品负极产品。这些样品对于支持公司在其下一代电池中的超薄锂负极产品的资质认证和商业化至关重要。
"The potential transaction capitalizes Li-Metal to expand production capabilities to meet the growing demand for anode materials as next-gen battery manufacturers enter late-stage qualification of their battery products," said Li-Metal's CTO, Maciej Jastrzebski.
Li-Metal的首席技术官Maciej Jastrzebski表示: “潜在的交易让Li-Metal能够扩大生产能力,以满足下一代电池制造商进入电池产品后期资格审核的不断增长的负极材料需求。”
Equity Offering Timing Extended
定向增发的配股时间延长
The Company also announces an extension of the anticipated closing date for its previously announced $2 million equity offering. On June 12, 2024 the Company announced the initiation of a non-brokered private placement to raise gross proceeds of up to $2,000,000, comprising 20,000,000 units (each a "Unit"), at $0.10 per Unit (the "Offering") with each Unit comprised of one common share of the Company and one-half common share purchase warrant, and each whole warrant (a "Warrant") entitling the holder to purchase one common share of the Company at a price of $0.20 per share for a period of 24 months following the date of issuance.
该公司还宣布了先前宣布的200万美元股权发行的预计截止日期的延长。2024年6月12日,该公司宣布启动非经纪人的定向增发,以募集200万美元的总金额,包括2000万单位(每个为一个“单位”),按0.10美元/单位的价格发行,每个单位包括公司的一张普通股和半张普通股购买权,每个完整的普通股购买权(a“Warrant”)使持有人有权在发行日期后的24个月内以0.20美元/股的价格购买公司的一张普通股。
The anticipated closing date of the Offering has been extended from June 28 to July 12, 2024 and the date for notification by any existing shareholder of the Corporation of their desire to participate in the Offering has been extended to July 8, 2024.
增发的截止日期已从6月28日延长至2024年7月12日,现有股东通知参与增发的日期也已延长至2024年7月8日。
For more details on the Offering, please see the Company's press release dated June 12, 2024.
有关增发的更多详情,请参阅该公司于2024年6月12日发布的新闻稿。
Li-Metal Investor Contact: Srini Godavarthy
Telephone: +1 647 494 4887
Email: ir@li-metal.com
Li-Metal投资者联系人: Srini Godavarthy电话:+1 647 494 4887
电话:+1 647 494 4887
电子邮件:ir@li-metal.com
About Li-Metal Corp.
关于Li-Metal Corp.
Li-Metal is a Canadian-based vertically integrated battery materials company and innovator commercializing technologies to enable next-generation batteries for electric vehicles and other applications. We believe our patented lithium metal technology, next-generation battery anode technology and production methods are significantly more sustainable than existing solutions and offer lighter, more energy-dense and safer batteries. Li-Metal's battery materials support battery developers' ability to power more cost-effective electric vehicles that go farther and unlock the future of transportation. For more information, visit: .
Li-Metal是一家加拿大本土的垂直一体化电池材料公司,是创新者,通过商业化技术将下一代电池应用于电动汽车和其他应用中。 我们认为自己的专利锂金属技术,下一代电池阳极技术和生产方法比现有解决方案更加可持续,提供比现有解决方案更轻、更能量密集和更安全的电池。 Li-Metal的电池材料支持电池开发人员的能力,以推动更具成本效益的电动汽车,走得更远,开启未来的交通。有关详细信息,请访问:www.li-metal.com。
Forward-Looking Information
前瞻性信息
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 and the financings 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 or that the financings will be completed. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.
本新闻稿包含有关公司的"前瞻性信息",涉及公司的任何这样的前瞻性陈述,可能通过类似"预计"、"预测"、"相信"、"规划"和类似表述的词语而被识别出来。请注意,这些前瞻性陈述不是任何保证未来的表现或者结果。对于公司的战略计划和融资等有前瞻性陈述,股东应谨慎。此类陈述涉及到已知和未知的风险、不确定性和其他因素,可能导致实际的结果、业绩或者成就与这些陈述所暗示的结果、业绩或成就存在实质性差异。虽然这类陈述是基于管理层的合理假设,但是无法保证公司业务的发展将按上述所描述的方式完成,也无法保证融资将被完成。公司无责任更新或修订前瞻性信息以反映新的事件或者情况,除非适用法律要求。
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