Li-metal announces strategic sale of lithium metal business for us$11,000,000 (~c$15,000,000)

Li-metal completes all cash transaction for sale of lithium metal technology transaction includes long term supply agreement for lithium metal to support anode development toronto, ontario--(newsfile corp. - august 2, 2024) - li-metal corp. (cse: lim) (otcqb: limff) (fse: 5zo) ("li-metal" or the "company"), a leading developer of lithium metal anode production technologies essential for next-generation batteries, is pleased to announce that it has completed today the sale of certain assets constituting its lithium metal production business (the "assets") to arcadium lithium plc ("arcadium" or the "purchaser"). pursuant to a definitive asset purchase agreement dated august 2, 2024 (the "agreement"), li-metal sold the assets for aggregate cash consideration paid today by the purchaser of us$11,000,000.
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