下一代电池的可扩展技术 -Scalable Technologies for Next-generation Batteries

ScalableTechnologiesforNext-generationBatteries

March2023

CSE:LIM|OTCQB:LIMFF|FSE:5ZO

DISCLAIMER

FORWARD-LOOKINGINFORMATION

Thispresentationmaycontainforward-lookingstatementswithinthemeaningofapplicablesecuritieslaws.Generally,anystatementsthatarenothistoricalfactsmaycontainforward-lookinginformation,andforward-lookinginformationcanbeidentifiedbytheuseofforward-lookingterminologysuchas“plans”,“expects”or“doesnotexpect”,“isexpected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“anticipates”or“doesnotanticipate”,or“believes”,orvariationsofsuchwordsandphrasesorindicatesthatcertainactions,eventsorresults“may”,“could”,“would”,“might”or“willbe”taken,“occur”or“beachieved”.

Forward-lookinginformationincludes,butisnotlimitedto:forecastsoflithiummetaldemand,batterytechnologiesandcomponentsdominantinthefuturemarketplace,andandassociatedeconomicvaluesbyLi-Metal(the“Company”or“LiM”);futureproductiontechnologypotential;indicativeeconomicanalysisandpotentialfinancialreturnsfromLiMElectrolysisTechnology™and/ortheLiMbatteryanode(collectively,the“Technology”);theCompany’splannedworkprogramfortheTechnologyanddevelopmentscheduleandtimetable.

Forward-lookinginformationisbasedoncertainfactorsandassumptionsmanagementbelievestobereasonableatthetimesuchstatementsaremade,including

butnotlimitedto,continuedtechnologydevelopment,metalprices,theestimationofinitialandsustainingcapitalrequirements,theestimationoflabourandproductionandlogisticscosts.Forward-lookinginformationissubjecttoknownandunknownrisks,uncertaintiesandotherfactorsthatmaycausetheactual

results,levelofactivity,performanceorachievementsoftheCompanytobemateriallydifferentfromthoseexpressedorimpliedbysuchforward-looking

information,includingbutnotlimitedto:risksrelatedtochangesinmetalsandchemicalsprices;theestimationofinitialcapitalrequirements;theestimationoflabourandoperatingcosts;thegeneralglobalmarketsandeconomicconditions;environmentalrisks;risksrelatedtopotentialconflictsofinterest;therelianceonkeypersonnel;financing,capitalizationandliquidityrisksincludingtheriskthatthefinancingnecessarytofundcontinueddevelopmentoftheTechnology

maynotbeavailableonsatisfactoryterms,oratall;theriskofpotentialdilutionthroughtheissueofadditionalcommonshares;theriskoflitigation.

AlthoughtheCompanyhasattemptedtoidentifyimportantfactorsthatcouldcauseactualresultstodiffermateriallyfromtheforward-lookinginformationsetoutinthispresentation,theremaybeotherfactorsthatcauseresultsnottobeasanticipated,estimatedorintended.Therecanbenoassurancethatsuch

informationwillprovetobeaccurate,asactualresultsandfutureeventscoulddiffermateriallyfromthoseanticipatedinsuchinformation.Accordingly,readersshouldnotplaceunduerelianceonforward-lookinginformation.TheCompanydoesnotundertaketoupdateorreviseanyforward-lookinginformationthatisincludedherein,exceptinaccordancewithapplicablesecuritieslaws.

CAUTIONARYNOTEREGARDINGUNITEDSTATESSECURITIESLAWS

Thispresentationdoesnotconstituteanoffertosellorthesolicitationofanoffertobuy,norshalltherebeanysaleofthesecuritiesofLiM,inanyjurisdictioninwhichsuchoffer,solicitationorsalewouldbeunlawfulpriortoregistrationorqualificationunderthesecuritieslawsofsuchjurisdiction.ThesecuritiesofLiM

havenotbeenandwillnotberegisteredundertheUnitedStatesSecuritiesActof1933,asamended(the"U.S.SecuritiesAct"),oranystatesecuritieslawsandmaynotbeofferedorsoldwithintheUnitedStatesorto,orfortheaccountorbenefitof,"U.S.persons,"assuchtermisdefinedinRegulationSundertheU.S.SecuritiesAct,unlessanexemptionfromsuchregistrationisavailable.

CSE:LIM|OTCQB:LIMFF|FSE:5ZO2

OURMISSION

CSE:LIM|OTCQB:LIMFF|FSE:5ZO3

UniquePosition

inValueChain

SuperiorProprietaryTechnology

Scalable,Low-Risk

INVESTMENTHIGHLIGHTS

•Verticallyintegratedlithiumanodeproductionmodel,withcapabilitytosupportanodeproductionwithownlithiummetalproduction

•Lithiummetalproductionabletoacceptwidelyproducedlithiumcarbonate,resultinginlowercostsandenvironmentalfootprint

•EnhancedPVDprocessforproductionofultra-thinlithiummetalanodesatalowercost

•Modularequipmentdesignandflexibleanodeproductionmodel

optimizesscaleup,reducescustomerriskandlowerscapitalintensity•Proventeamofbatterymaterialexpertsandinnovators

CSE:LIM|OTCQB:LIMFF|FSE:5ZO4

ABOUTLI-METAL

•Li-Metalisaverticallyintegratedbatterymaterialsinnovator,developinglithiummetalandlithiummetalanodeproduction

technologiesforuseinnext-generationbatteries,thesuccessortoconventionallithium-ionbatteries.

•Ourproductionmethodsaremoresustainablethanexistingproductsandenablelighter,moreenergy-denseandsaferbatteries.

Li-MetalQuickFacts

Founded:2018

Full-TimeEmployees:28

PatentApplications:33

FundingReceivedtoDate:~CAD$40M

LithiumMetal

LithiumMetal

Anodes

CSE:LIM|OTCQB:LIMFF|FSE:5ZO5

OURTEAM:DEEPBATTERYMATERIALSAND

CAPITALMARKETSEXPERIENCE

MANAGEMENTTEAM

KunalPhalpher

B.A.Sc.,MBA

President

15+yearsofinternational

experienceinthecleantechandbatteryindustries.MostrecentlyservedasChiefStrategyOfficerofLi-Cycle,whereheledkey

corporatefunctionsthroughcriticalgrowthandscale-upphases

DeanFrankel

B.A.Sc.

ChiefCommercialOfficer

Valuechainexpertwith9+yearsofexperienceinthebatteryindustry.LedbusinessdevelopmentatSolidPowerandtheEnergyStorage

researchpracticeatLuxResearch

CarlosPinglo

B.A.Economics

ChiefFinancialOfficer

25+yearsofseniormanagement

experience,includingcorporate

finance,strategicplanning,financial

reporting,turnarounds,

andM&A

KeshavKochhar

ChemEng.

ChiefOperatingOfficer

Provenoperatorhaving

co-foundedandledLacero

Solutions;significantexperienceinchemicalindustriesandclean

technology,withafocuson

operationsandprojectmanagement

Dr.JonathanGoodman

B.A.Sc.,Ph.D.JD

ChiefScientist

Batterymaterialsinnovator,

entrepreneurandstrategicleader.Workedwithbatterymaterialstart-

upsdevelopingand

commercializingsiliconmaterialsforlithium-ionbatteries

MaciejJastrzebski

Mech.Eng.,M.A.Sc

CEO,Co-founder,Director

15+yearsofprojectengineering,technologydevelopment&

commercializationexperiencewithHatchLtd.andBarrickGold.

Inventorofnumerouspatentsrelatedtometalproduction

BOARDOFDIRECTORS

MarkWellings,

MBA

Chairman

25+yearsofexperienceinfinance,includingnumerousmajorequityandM&Atransactions

TimJohnston,

Mech.Eng.,CFA

Non-ExecDirector,Co-founder

15+yearsofexperienceinvariousrolesinthebatterymetalsindustry.Exec.Chairmanandco-founderofLi-Cycle

AnthonyTse

Non-Exec.Director

25+yearsofcorporatecompanyexperienceinhigh-growth

industries,includingasFormerCEOofGalaxyResources,aleading

lithiumproducer

ColinFarrell,

MA(Econ.),CTA,BFP

Non-Exec.Director

40yearsofprofessionalexperience,incl.commercial,technicaland,

policy,leadershipexperience.

Startedupandledseveraltaxandnon-taxteamsatPwC

ErnieOrtiz,

CFA

Non-Exec.Director

10+yearsofcapitalmarkets

experience,withastrongfocuson

lithium.PresidentofLithiumRoyaltyCorp.andmemberLMELithium

AdvisoryCommittee

CSE:LIM|OTCQB:LIMFF|FSE:5ZO6

Growstrategicand

commercialpartnerships

AwardedindustrygrantfromNextGenerationManufacturingCanada

Beginsfeasibilityofacommercialscalelithiummetalproductionfacility

January2022

February2022

April2022

August2022

2022

2023

ListedontheOTCQBmarketintheUS

Demonstratecontinuous

lithiummetalproduction

andcompletepiloting

program

2022HIGHLIGHTS

CommissionedUSanode

pilotfacility;actively

deliveringsampleproduct

September2022

Signedjointdevelopmentand

commercializationagreement

withBlueSolutions,theworld’s

largestproducerofsolid-state

lithiummetalbatteries

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WHATARENEXT-GENERATIONBATTERIES?

TheOpportunity

Toachievetheirperformancegoals,next-generation

batterydesignsneedcompletelydifferentsupplychains,whichstillneedtobecreated.

ThePromise

1.HigherEnergyDensity-meanslongerrangeormoreroominEVs,asmallerfootprintforstationarystorage,andmorecargoroominelectricships

2.HigherSpecificEnergy-higherenergyinasmall

weightmeanslongerrange,bettermileage,andnewapplications(airmobility,hybrid-electricaircraft,etc.)

3.ImprovedSafety-manynext-generationbatterydesignseliminateflammableelectrolytes,whichmeansnofires

CSE:LIM|OTCQB:LIMFF|FSE:5ZO8

INCREASINGINVESTMENTINNEXT-GENERATIONBATTERIES

OEMsCommittingenMasseToNext-GenerationBatteryRoadmapToday

HondaCEOconfirmsJapanesecarmakerswantsolid-statecellstogoelectric

GMannouncesnewbatteryfacilitytodeveloplithium-metalandsolid-statecells

Rivianplanningtomanufacturesolid-statebatteries

Fordinvestsinsolidpowertodevelopsolid-statebatteriesforEVs

SelectOEM

Commitments

Toyotaoutlinessolid-statebatterytech,

$13.6billioninvestment

BMWtogetsolid-statebatterytestcellsinearly2022fromSolidPower

ACC&ProLogiumpartneruptoacceleratethedevelopmentofsolid-statebattery

Hyundaiannouncespartnershipwith

factorialsolid-statebatteryoutfit

CSE:LIM|OTCQB:LIMFF|FSE:5ZO9

LITHIUMMETALBATTERYDEMANDFORECAST

LithiumMetalDemand

Thelithiumindustry

currentlyproduces

3,000tpa

ofbattery-gradelithium

Approx.90%oflithium

metalisproducedin

Chinatoday

21,800tpaoflithium

metalisneededby2030

tomeetdemand(taking

currentcapacity

announcementsinto

account)

Domesticsupplychain

neededinNorthAmerica

andEurope

LithiumMetalBatteryCapacityForecast

Source:BenchmarkMineralsIntelligence

Li-Metalistargetingananodemarketexpectedtoexceed$10Bannuallyby2030and$40Bby2035.

CSE:LIM|OTCQB:LIMFF|FSE:5ZO10

WHYLITHIUMMETALANODES?

•Lithiummetalhasthehighestspecificcapacityofallanodematerials–~10xthecapacityvs

graphite,themostcommonlyusedanodetoday

•Theadditionalcapacityenableshigherenergydensityinbatteries–1.4to2xgreaterenergydensitythangraphitewhenpairedwitha

traditionallithium-ioncathodematerialisachievable

CSE:LIM|OTCQB:LIMFF|FSE:5ZO11

NotsuitableforEVApplications

HighCostofProduction

CHALLENGESINEXISTINGLITHIUMMETALANODESUPPLYCHAIN

CHALLENGES

LimitedDomesticSupply

LI-METALSOLUTION

LocalizedproductionofbothmetalandanodesclosetodemandinNorthAmericaandEurope

Ultra-thinlayersoflithiummetalontosubstrates,

allowingforabroadrangeofthicknesses,widthsandmaterials

Eliminatehighcoststepsofmanagementofchlorineinmetalproductionandrollingprocessforfoils

NotScalable

ModularandenvironmentallyfriendlyprocessingallowsforscalabledeploymentinNorthAmerica/Europe

CSE:LIM|OTCQB:LIMFF|FSE:5ZO12

LI-METALUNIQUELYPOSITIONEDINVALUECHAIN

Ultra-ThinLithium

Anodes

Rolled/ExtrudedAnodeFoils

Lithium

Chemicals

Lithium

Metal

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MoltenSaltMembrane

Electrolysis

Appliedpotentialsplitslithiumcarbonateintotechnicalgrade

lithiummetalandoff-gas.

+-

TechnicalGradeLithiumMetal

Refinedfurtherorsoldforuseinalloysandspecialtychemicals

Li2C

O3

LithiumCarbonate

Canusevarious

gradesoflithium

carbonate;

materialis

dissolvedinthe

electrolyte

BatteryGradeMetal

Metalupgradedtobattery-gradeusingproprietaryrefiningprocesstoanode

production

OURTECHNOLOGY:LITHIUMMETAL

RightPlace,RightFeed

LeveragingawidelyavailablechemicalusedinconventionalLi-ionbatteries.Optionalitytoproducebothtechnicalandbatterygrade.

NoChlorineGas

Airemissions,primarilyoxygenandCO2(introducedduringlithiumcarbonateproduction),canbecaptured.

LowCost

Nocomplicatedoff-gastreatmentequipmentandoperatingcosts—cheaperpre-cursor.

ScalableProduction

Scalableproductiontechnologyin10tunitincrements,withfewerpermittingchallenges.

Patent-PendingTechnology

ContinuouslyexpandingIPportfolio.

CSE:LIM|OTCQB:LIMFF|FSE:5ZO14

Cost-EffectiveandScalable

Underlyingtechnologyisindustriallyproveninotherapplicationsto

producemillionsofsquaremetresofmaterialperyearatminimalcost.

Flexible

Broadrangeofthicknesses,widthsandmaterialrequirementscanbeaccommodatedtotailortheproductstoeachbatteryformatand

technologyandminimizelithiumusage.

Upgradable

Abilitytoproducecompositematerialsallowsuniquecombinationsofcostandelectrochemicalperformancepropertiestobeachieved;willenablenewmaterials/productslikepre-lithiationofsilicon.

Patent-PendingTechnology

ContinuouslyexpandingIPportfolio.

OURTECHNOLOGY:LITHIUMMETALANODES

CurrentCollectorRoll

Wide-formatmicron-scale

materialisunwoundfromthe

substrateroll

TreatmentZone

BatteryGradeMetal

Lithiummetalfrom

ownproduction

deployed

ProductRoll

Thecompletedanode

woundontoproduct

rollandpackagedin

argongasforbattery

production,shipping

orstorage.

Lithiummetaland

combinationsofother

materials/treatmentsareappliedinsinglestep

(

CSE:LIM|OTCQB:LIMFF|FSE:5ZO15

LI-METALFACILITIES

AnodePilotFacility

(Rochester)

AdvancedAnodeMaterialsLab

(Toronto)

LithiumMetalPilotFacility

(Toronto)

•Roll-to-rollanodematerialproductionequipment

•Rapidprototyping,developmentandtesting

•Metalproductionpilotingfacilitytodemonstrate

(depositioncoatingequipment)

capabilityfornewanodematerials

lithiummetalproductionatanindustrially-relevant

•Allowsforthousandsofmetresoflithiumanode

•Bench-topPVDand100+Channelsofbattery

scale

materialtobeproducedperyearintendedfor

cyclingcapacity

•Processandequipmentdevelopmentspacein

commercialcustomeruseandautoqualification

•Additionaladvancedanalyticalcapabilitiestobe

wholly-occupied14,000sq-ftspace

•OperationalandshippingproductstocustomersasofJanuary2022

addedin2023

•FacilityoperationalinH22022

CSE:LIM|OTCQB:LIMFF|FSE:5ZO16

Lithium

Metal

Buildout

commercial

productionplant

Scaleabilityto

providelarger

quantitiesofanode

materials

Deploytechnology

atcommercialscale

tomeetcustomer

requirements

Providecustomersamplequantitiesofmaterials

VERTICALLYINTEGRATEDGROWTHSTRATEGY

Scaleupto

commerciallevel

unitoperation

Demonstratecontinuous

metalproductionfrom

lithiumcarbonate

Lithium

Metal

Anode

CSE:LIM|OTCQB:LIMFF|FSE:5ZO17

B-Sample

(12to18Months)

CellDesign

Validation

(3000to

5000cells)

C-Sample

(12Months)

Cell

ManufacturingProcess

Validation

D-Sample

(12Months)

Production

Validation

Pre-ASample

Product

ProofofConcept

Commerciallyrelevant

product

producedatscale

2022-2023

2028-2029

ANODEMATERIALQUALIFICATIONTIMELINE

CellQualific