Li-Metal Corp (TSE:LIM) has released an update.
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Li-Metal Corp. is poised to sell its lithium metal business for approximately $11 million, aiming to bolster its financial standing and concentrate on advancing its lithium anode technology for next-generation batteries. The non-binding letter of intent outlines the sale to an undisclosed buyer, with a 30-day negotiation window, although the deal’s finalization remains uncertain. This strategic move is expected to enable the company to scale up its anode production to meet rising demand from battery manufacturers.
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