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.
For further insights into TSE:LIM stock, check out TipRanks’ Stock Analysis page.
