L&F Reviews Multiple Options for Proactive Funding as Part of NCM-LFP Dual-Track Strategy

Battery-materials maker L&F is considering a proactive funding plan as it pursues growth in ultra-high-nickel and 46-pi cylindrical products while preparing to launch its LFP cathode-material business in earnest.

The company said on Sept. 8 that it was reviewing an issuance of convertible bonds. It is also examining several other financing methods, including capital-like funding such as perpetual convertible bonds. L&F stressed that no specific terms have been finalized.

The review forms part of what the company calls a dual-track cathode-material strategy. L&F plans to preserve its technological lead in ternary NCM cathode materials while seeking an early position in the emerging LFP market.

The company said its ultra-high-nickel and 46-pi products are performing above its initial plans for the year. It is also preparing for increased orders, including from new North American customers. The funding would help secure key raw materials and strengthen its production base.

L&F describes its ultra-high-nickel cathode material as a product with nickel content of about 95 percent, compared with 80 to 90 percent in conventional high-nickel products.