EXCLUSIVE: Li-Metal Granted First Patent For Production Of Refined Lithium Metal

Li-Metal Corp LIMFF has announced it was granted its first patent by the Canadian Intellectual Property Office (CIPO).

What Happened: Li-Metal has 32 additional patent applications filed.

The CIPO granted all 20 claims Li-Metal made in its patent application related to producing refined lithium metal from a lithium chemical feedstock using an electrowinning apparatus. 

Lithium metal is a strategic feedstock material for battery developers and automotive OEMs. 

Why It Matters: “Receiving this patent further demonstrates our innovation in the production of lithium metal and the broader next-generation battery space. This is an important step in our ongoing efforts to build a deep competitive moat as we position Li-Metal as a leading sustainable and domestic supplier of lithium metal in North America and approach commercialization,” said Maciej Jastrzebski, co-founder and CTO of Li-Metal.

About 3,000 tonnes per year of battery-grade lithium metal are produced globally, with more than 90% of that production concentrated in China, according to Benchmark Mineral Intelligence. 

By 2030, the demand for lithium metal is projected to increase to over 21,000 tonnes per year. To meet the accelerating domestic demand, Li-Metal continues to work diligently to commercialize its patented lithium metal production technology.

Photo via Company

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!