Li-Metal Corp (TSE:LIM) has released an update.
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Li-Metal Corp. is initiating a non-brokered private placement to raise up to $2 million to fund its lithium metal and anode technology development. The offering includes 20 million units at $0.10 each, with the potential for shareholders to purchase additional shares via warrants. Concurrently, Li-Metal is in advanced talks to sell its lithium production business to focus more on its anode division, although no final terms have been agreed upon.
For further insights into TSE:LIM stock, check out TipRanks’ Stock Analysis page.
