Li-Metal Corp. announced that it has received CAD 14.7815 million in funding from Blue Horizon Advisors

Li-Metal Corp. is a Canada-based vertically integrated battery materials company. The Company is commercializing technologies to enable batteries for electric vehicles and other applications. It is engaged in specializing in the development of technologies for the battery supply chain, focused on metallic lithium metal and lithium anode materials and their production. It is developing three key technologies, including production of lithium metal from lithium carbonate, production of ultra-thin lithium anodes using physical vapor deposition (PVD) and the reprocessing of scrap lithium metal from various sources into usable metal ingots. The three complementary technologies are intended to function together in a vertically integrated and sustainable battery materials production process. Its patented lithium metal technology, battery anode technology and production methods are significantly more sustainable than existing solutions and offer lighter, more energy-dense and safer batteries.