Ancoris Advises Lithion
Ancoris Advises Lithion
About the transaction
Ancoris acted as the exclusive financial advisor on Lithion’s C$50 million raise in equity Lithion Recycling.
About the Company
Lithion is a lithium-ion battery recycling company that has developed an efficient and cost-effective process to recover and treat over 95% of battery components.
Lithion is among very few companies worldwide that has developed a complete, fully operational and sustainable solution for lithium-ion battery recycling.
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Lithion website https://www.lithiontechnologies.com/
Lithion’s management team collaborated intensively with Ancoris to produce a fantastic outcome! We relied on Ancoris’ expertise, knowledge, and abilities to structure the financing and manage the process. The Ancoris team was fully dedicated to the success of this financing. I am pleased that we selected Ancoris to work with us on this critical aspect of Lithion’s exciting journey.
Benoit Couture, Lithion CEO
Investment
Ancoris’ financing process resulted in an oversubscribed offering, with Lithion raising a total of C$50 million in equity. Ancoris secured for Lithion a combination of value-add strategic investors and financial investors to participate in the financing.
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