Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

Li-Metal Provides Operational Update on Anode Production

Published 10/11/2022, 11:46 AM
Updated 10/11/2022, 11:54 AM
© Reuters.  Li-Metal Provides Operational Update on Anode Production

By Michael Elkins 

Lithium metal and next-gen battery company, Li-Metal (CSE:LIM) released an operational update for its roll-to-roll anode pilot plant in Rochester, New York today.

According to the release, year-to-date, the Facility has produced more than 3,000 meters of sample lithium metal anode material for both internal and customer use. This throughput reflects more than three times the Company's total volume of sample material delivered in 2021. In addition, the Facility has proven its ability to produce lithium metal anode products with lithium thickness between three and 25 micrometers as the Company continues to customize its offerings to meet the unique needs of prospective customers.

The company also completed proof-of-concept testing of silicon anode pre-lithiation using its PVD equipment.

"I'm extremely proud of our team - our U.S. pilot plant continues to hit key benchmarks and technical milestones, and the team has proven that they can overcome the expected challenges in ramping up new equipment," said Maciej Jastrzebski, co-founder and CEO of Li-Metal. "The process productivity increases we have achieved this year are very significant, because they play a big part in determining production economics. We have demonstrated high-rate deposition and to our knowledge, we are operating the highest intensity PVD lithium deposition process in the world. We have high confidence that the additional improvements to both process and equipment we have in the pipeline will help push the envelope even further."

On September 15th, Li-Metal signed a marketing agreement with Blender Media Inc. to provide marketing services. With an initial period of 3 months, Blender will be paid $32,000 plus applicable taxes and ad spend.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.