Board Change • May 04
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Hoy Frakes is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Apr 21
Skycap Investment Holdings Inc., Annual General Meeting, Jun 22, 2026 Skycap Investment Holdings Inc., Annual General Meeting, Jun 22, 2026. Board Change • Apr 15
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Hoy Frakes is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Mar 02
Third quarter 2026 earnings released: CA$0.002 loss per share (vs CA$0.002 profit in 3Q 2025) Third quarter 2026 results: CA$0.002 loss per share (down from CA$0.002 profit in 3Q 2025). Net loss: CA$433.6k (down 249% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 26
First half 2026 earnings released: CA$0.017 loss per share (vs CA$0.049 profit in 1H 2025) First half 2026 results: CA$0.017 loss per share (down from CA$0.049 profit in 1H 2025). Net loss: CA$2.81m (down 135% from profit in 1H 2025). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
First quarter 2026 earnings released: CA$0.011 loss per share (vs CA$0.008 loss in 1Q 2025) First quarter 2026 results: CA$0.011 loss per share (further deteriorated from CA$0.008 loss in 1Q 2025). Net loss: CA$1.74m (loss widened 27% from 1Q 2025). Reported Earnings • Jul 25
Full year 2025 earnings released: EPS: CA$0.045 (vs CA$0.086 loss in FY 2024) Full year 2025 results: EPS: CA$0.045 (up from CA$0.086 loss in FY 2024). Net income: CA$7.40m (up CA$20.9m from FY 2024). Announcement • Apr 22
Skycap Investment Holdings Inc. Appoints Keshav Kochhar as Executive Chairman Skycap Investment Holdings Inc. announced that Keshav Kochhar appointed as Executive Chairman. The appointment of Mr. Kochhar to the Company's Board of Directors increases the size of the Board to five directors. Mr. Kochhar is an experienced executive with a background in business development, operations, and strategic growth. He led the successful sale of the Company's lithium metal production business to Arcadium Lithium and has been instrumental in guiding the Company's broader transformation. As Executive Chairman, he will lead strategic initiatives and support oversight of management. Board Change • Apr 04
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. No independent directors (4 non-independent directors). Co-Founder & Chairman of the Board Tim Johnston is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Anthony Tse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 03
Li-Metal Corp. Announces Bard Changes Li-Metal Corp. announced changes to the Board of Directors including the departure of Anthony Tse and Colin Farrell and the addition of Brad Morris and David Delaney. In addition, the role of Chairman of the Board, previously held by Anthony Tse, will transition to existing Board member Tim Johnston. With his extensive industry experience and proven leadership, Tim Johnston is well-positioned to lead the Board in supporting the Company's evolving strategy. Mr. Morris is an M&A and securities lawyer with experience advising venture capital firms and growth companies on M&A, corporate finance, strategic partnerships, and governance. Since 2018, he has served as in-house counsel to a venture capital firm while leading corporate development efforts for several leading growth companies. Over the course of his career, Mr. Morris has advised on complex cross-border transactions across various sectors, including strategic acquisitions, seed and follow-on financings, IPOs &reverse mergers. Mr. Delaney is an investment professional with expertise in portfolio management, capital allocation, and investment analysis. Since 2017, he has been the President and Portfolio Manager of Concord Delta Inc., an investment and advisory firm focused on listed equities, private investment, and advisory services in various sectors. Previously, he served as a Managing Director at Firm Capital, a national real estate investor. Prior thereto, Mr. Delaney was employed by Freed Developments in increasingly senior positions, managing high-rise residential developments through acquisition, rezoning, sales, and completion. Since 2018, Mr. Delaney has served on the board of Parkit Enterprises, a real estate investment company, acting as Executive Chairman from 2018-2019. Since 2024, Mr. Delaney has served on the board of Rocky Mountain Liquor. Reported Earnings • Nov 30
Second quarter 2025 earnings released: EPS: CA$0.058 (vs CA$0.032 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.058 (up from CA$0.032 loss in 2Q 2024). Net income: CA$9.47m (up CA$14.5m from 2Q 2024). Announcement • Sep 24
Li-Metal Corp., Annual General Meeting, Nov 22, 2024 Li-Metal Corp., Annual General Meeting, Nov 22, 2024. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.5m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (CA$163k revenue, or US$121k). Market cap is less than US$10m (CA$10.7m market cap, or US$7.92m). Minor Risk Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Announcement • Jul 19
Li-Metal Corp. to Report Fiscal Year 2024 Results on Aug 16, 2024 Li-Metal Corp. announced that they will report fiscal year 2024 results at 4:00 PM, US Eastern Standard Time on Aug 16, 2024 Announcement • Jun 13
Li-Metal Corp. announced that it expects to receive CAD 2 million in funding Li-Metal Corp. announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 2,000,000 on June 12, 2024. Each unit will consist of one common share of the company and one-half common share purchase warrant, and each whole warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.20 per share for a period of 24 months following the date of issuance. Any securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance. The anticipated closing date of the Offering is June 28, 2024. Closing of the
financing is subject to CSE approval. Announcement • May 02
Li-Metal Corp. announced that it has received CAD 14.7815 million in funding from Blue Horizon Advisors On May 1, 2024, Li-Metal Corp closed the transaction. Announcement • Apr 20
Li-Metal Corp. announced that it expects to receive CAD 14.7815 million in funding from Blue Horizon Advisors Li-Metal Corp. announces private placement of 5,161,500 units at a issue price of CAD 0.20 per unit for gross proceeds of CAD 1,032,300 and common shares for proceeds of CAD 13,749,200, resulting in aggregate gross proceeds of CAD 14,781,500 on April 19, 2024. Each unit consists of one common share and one-half of one share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.867 per common share for a period of three years from the date of closing of the issue. The transaction will include participation from Blue Horizon Advisors LLC. The Units, and the underlying securities, will be subject to certain resale restrictions, such as a hold period of four months and a day from the Closing Date. The transaction is subject to the approval of CSE. The transaction is expected to close on April 25, 2024. New Risk • Nov 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (CA$310k revenue, or US$228k). Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (CA$30.3m market cap, or US$22.3m). Announcement • Nov 29
Li-Metal Corp Appoints Anthony Tse to the Position of Chairman of the Board Li-Metal Corp. announced the appointment of current Non-Executive Director and Board member Mr. Anthony Tse to the position of Chairman of the Board. Mr. Tse has been a member of the Board of Directors of Li-Metal since 2019. He is a veteran of the lithium industry and the battery value chain and brings close to 30 years of private and public corporate experience in numerous high-growth industries, spanning technology, natural resources and specialty chemicals. For well more than a decade, he has been actively engaged in various parts of the energy transition sector - he has managed businesses and operations across four continents, including Greater China/Asia, Australia, North and South America, and more recently has played an active role as a private equity investor, working with some of the leading financial institutions globally, investing across the sector ranging from cathode to anode materials, as well as lithium battery cell manufacturing. Mr. Tse has a notable track record in the industry, having previously served as the Managing Director and Chief Executive Officer of Galaxy Resources for more than 11 years, where he grew the company from an initial USD 20 million valuation to now becoming a company with a multi-billion dollar market capitalization. He developed and managed a global portfolio of lithium assets, including mining operations and development projects spanning Australia, Canada and Argentina; he was also a pioneer in the industry being the first foreign company to build what at the time was the largest lithium conversion facilities in China, while also building a strategic customer network across Asia, North America and Europe. He retired from the Board following the completion of the merger with Orocobre, which created Allkem, which has established its position as the world's fifth largest lithium producer. Mr. Tse is currently a Board Director of Li-Cycle Corp. and also serves as the company's Chair of the Health, Safety, Environmental and Sustainability Committee. He is also a Senior Advisor to Sicoona Battery Technologies, a leading developer of silicon-composite materials for next-generation lithium battery anode technologies, Strategic Advisor to ASX-listed Critical Resources, a natural resources company focused on developing lithium and other critical metal projects in Ontario, Canada and to Novalith Technologies, a developer of direct lithium extraction technologies. He has previously served as an Operating Partner with the Global Private Equity Group at Franklin Templeton and is currently a Senior Advisor to EMR Capital. Announcement • Nov 22
Li-Metal Successfully Demonstrates Electrolyte Reconditioning Process for Carbonate-To-Metal Technology Li-Metal Corp. announced that it had demonstrated its electrolyte reconditioning process. This process is a pivotal component supporting Li-Metal's patented and modular carbonate-to-metal (C2M) technology, an environmentally conscious approach to lithium metal production-a critical material used in next-generation batteries. The electrolyte reconditioning process plays a crucial role in the closed-loop operation of Li-Metal's C2M technology. This process facilitates the conversion of excess anolyte, located near the anode, into catholyte, situated near the cathode. This closed-loop operation enhances operational efficiencies and minimizes wastage of this valuable resource, marking a significant advancement in sustainable lithium metal production. The successful completion of testing underscores the viability of Li-Metal's C2M technology, a key enabler and differentiator for Li-Metal's ultra-thin lithium metal anode business. Li-Metal expects to integrate its reconditioning process into its existing C2M pilot in Markham, Ontario ensuring cost-effective and streamlined operations. Li-Metal plans to demonstrate its C2M and electrolyte reconditioning technology at scale in First Quarter 2024 during a metal pilot campaign. In 2022, Li-Metal engaged its global engineering partner for a concept study on a 1,000 tonnes per year commercial-scale lithium metal production plant. The Company's recent testing results validate an assumption critical to operating expense estimates provided by the study. Board Change • Oct 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Co-Founder & Director Tim Johnston is the most experienced director on the board, commencing their role in 2017. Independent Director & Member of Advisory Board Colin Farrell was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$14m free cash flow). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (CA$43.0m market cap, or US$31.9m). Announcement • Aug 22
Li-Metal Corp., Annual General Meeting, Oct 23, 2023 Li-Metal Corp., Annual General Meeting, Oct 23, 2023. Announcement • May 04
Li-Metal Corp. Announces Appoints Srini Godavarthy as New CEO, Effective May 15, 2023 Li-Metal Corp. announced the appointment of Dr. Srini Godavarthy as its new Chief Executive Officer, effective May 15, 2023. Dr. Godavarthy, an experienced lithium industry executive, brings more than 20 years of commercial and operational experience to the role with a global leadership background in specialty chemicals and lithium battery materials. Previously, he led the lithium metals and specialty salts business at Albemarle Corp, where his team was responsible for the commercial and technology development efforts for lithium metal, solid-state electrolytes and lithium metal anodes. Mr. Jastrzebski will continue to serve as an Executive Director of Li-Metal. The co-founders, Tim Johnston and Maciej Jastrzebski, will work alongside the Chairman, Mark Wellings, to transition the CEO function to Dr. Godavarthy, and to deliver positive outcomes for the Company's shareholders and broader stakeholders. Announcement • Sep 07
Li-Metal Begins Feasibility of A Commercial Scale Lithium Metal Production Facility Li-Metal Corp. announced that it has engaged Hatch Ltd. ("Hatch"), a leading global engineering, project management and professional services firm, to undertake a Concept Study ("Study") for Li-Metal's commercial scale metallic lithium production facility. Earlier this year, Li-Metal completed the construction of its lithium metal pilot production plant located 25 kilometres northeast of Toronto. In addition to the lithium metal pilot production plant and corporate offices, the Toronto facility houses Li-Metal's advanced anode materials lab, which develops and tests customized next-generation battery anode materials. This Study will focus on developing the Company's full-scale commercial lithium metal production facility. Hatch brings extensivelithium and battery metals industry expertise to Li-Metal's commercial metallic lithium production facility project. Hatch is a globally recognized leader in engineering and project implementation with a strong track record of providing innovative solutions to complex technologies and projects. Li-Metal will be working closely with Hatch's experienced lithium team and subject matter specialists. This Study will focus on the developing the full-scale commercial lithium metal production facility. Lithium metal is a highly valuable material for several industries, and a key input for next-generation lithium metal batteries that are expected to have significantly increased performance compared to traditional lithium-ion batteries utilizing graphite anodes. Currently, lithium metal production is concentrated in China, with conventional processes using lithium chloride. These processes are not viewed to be environmentally sustainable, typically producing 5 tonnes of chlorine gas emissions for every tonne of lithium metal. To meet growing demand for domestic lithium metal production, Li-Metal has developed and is commercializing a lithium metal technology to support a cleaner and improved production process that utilizes lithium carbonate as feedstock and does not produce harmful toxic by-products. Earlier this year, Li-Metal completed the construction of its lithium metal pilot production plant located 25 kilometres northeast of Toronto. In addition to the lithium metal pilot production plant and corporate offices the Toronto facility houses Li-Metal's advanced anode material lab which is developing and testing customized next-generation battery anode materials. Announcement • Jul 30
Li-Metal Corp., Annual General Meeting, Oct 11, 2022 Li-Metal Corp., Annual General Meeting, Oct 11, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Colin Farrell was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 01
Li-Metal Corp. Appoints Colin Farrell to the Board of Directors Li-Metal Corp. announced the appointment of Mr. Colin Farrell to the board of directors. Mr. Farrell's nomination was also approved by shareholders during the January 26, 2022 special meeting of shareholders. Mr. Farrell previously served as an advisor to the Company's advisory board and brings with him over 40 years of wide professional experience, including commercial, technical and policy, leadership experience. He has successfully started up and led several tax and non-tax teams in various groups at PwC. Until his retirement from PwC in 2018, Mr. Farrell was a member of PwC's Hong Kong and China disruption and investment group, PwC's Tax Policy Panel, PwC's China/Hong Kong advisory committee on insurance and human resources matters, PwC Hong Kong's Foundation and PwC Hong Kong/China's Corporate Responsibility committee, and on a major multinational corporation's global tax advisory council. He was also a member of PwC China/Hong Kong's Future of Tax committee. In addition, Mr. Farrell has leadership and start-up involvement in Hong Kong and China in human resources, corporate recovery, and cross-discipline teams. He has a broad range of client experience in tax and non-tax consulting and execution matters such as market entry, e-commerce strategy, human resources, board information needs and property disposals. Other work experience includes secondments to government and industry, deal experience, and leading system design and implementation projects cross-territory and other major change management leadership. Recent Insider Transactions • Jan 20
CFO & Corporate Secretary recently sold CA$72k worth of stock On the 14th of January, Carlos Pinglo sold around 9k shares on-market at roughly CA$7.64 per share. In the last 3 months, there was an even bigger sale from another insider worth CA$493k. Carlos has been a seller over the last 12 months, reducing personal holdings by CA$100k. Recent Insider Transactions • Nov 10
Insider recently sold CA$493k worth of stock On the 4th of November, Mark Wellings sold around 100k shares on-market at roughly CA$4.93 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.