Li-Metal Corp (TSE:LIM) has released an update.
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Li-Metal Corp., a key player in next-generation battery technologies, has secured a strategic US$750,000 investment from Blue Horizon Advisors and aims to raise an additional US$10 million through further equity financing. This influx of capital is slated to advance the company’s commercial-scale anode production capabilities set for 2024. The deal includes an innovative ratchet mechanism ensuring Blue Horizon’s investment remains competitive if subsequent financing is offered at more favorable terms.
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