GM and Lithion Announce an Investment and Strategic Partnership Agreement to Pursue a Circular EV Battery Ecosystem

GM and Lithion Announce an Investment and Strategic Partnership Agreement to Pursue a Circular EV Battery EcosystemBackMONTREAL AND DETROIT – Lithion Recycling Inc. (“Lithion”) and General Motors Co. (NYSE: GM) today announced that GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology. About Lithion Recycling Inc.Lithion has developed an efficient and cost-effective process to recover strategic materials from end-of-life and industrial waste of lithium-ion batteries. Cautionary Note on Forward-Looking Statements: This press release and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgement about possible future events. We caution readers not to place undue reliance on forward-looking statements.