Li Metal : Investor Presentation

Scalable Technologies for Next-Generation Batteries

September 2023

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

DISCLAIMER

FORWARD-LOOKING INFORMATION

This presentation may contain forward-looking statements within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward- looking information, and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved". Forward-looking information includes, but is not limited to: forecasts of lithium metal demand, battery technologies and components dominant in the future marketplace, and and associated economic values by Li-Metal (the "Company" or "LiM"); future production technology potential; indicative economic analysis and potential financial returns from LiM Electrolysis Technology™ and/or the LiM battery anode (collectively, the "Technology"); the Company's planned work program for the Technology and development schedule and timetable.

Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued technology development, metal prices, the estimation of initial and sustaining capital requirements, the estimation of labour and production and logistics costs. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in metals and chemicals prices; the estimation of initial capital requirements; the estimation of labour and operating costs; the general global markets and economic conditions; environmental risks; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Technology may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of additional common shares; the risk of litigation.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information that is included herein, except in accordance with applicable securities laws.

CAUTIONARY NOTE REGARDING UNITED STATES SECURITIES LAWS

This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of LiM, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities of LiM have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

CSE: LIM | OTCQB: LIMFF |	FSE: 5ZO	2

OUR MISSION

CSE: LIM | OTCQB: LIMFF | FSE: 5ZO	3

INVESTMENT HIGHLIGHTS

Regulatory push for safer batteries

Customer pull for lower cost batteries

Reliable team of partners

Experience team of operators & innovators

Patented technology

Speed to commercial deployment

Widely available raw materials

Flexible business model

CSE: LIM | OTCQB: LIMFF |

FSE: 5ZO

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ABOUT LI-METAL

• Li-Metalis a vertically integrated battery materials innovator, developing lithium metal and lithium metal anode production technologies for use in next-generation batteries, the successor to conventional lithium-ionbatteries.
• Our production methods are more sustainable than existing products and enable lighter, more energy-dense and safer batteries.

Li-Metal Quick Facts

Founded: 2018

Full-Time Employees: 28

Patent Granted/Applications Pending: 1/32

Funding Received to Date: ~CAD $41.3M

Lithium Metal

Lithium Metal

Anodes

CSE: LIM | OTCQB: LIMFF |

FSE: 5ZO

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