12:50 PM EST - Li-Metal Corp. : Announced that it has raised CAD$19,462,275 from the exercise of 10,500,000 share warrants with an exercise price of CAD$ 1.85355 per warrant. As of today, the Company has approximately CAD$28.0 million in cash and equivalents. "The exercising of these warrants provides capital that Li-Metal will use to continue development of our technologies as we work towards full commercial-scale production," said Maciej Jastrzebski, co-founder and CEO. "The proceeds further strengthen our balance sheet as we advance our growth strategy focused on expanding lithium anode production capacity and lithium metal output. Li-Metal Corp.
shares C.LIM are trading down 0.04 cents at $10.86.
