Multi-year Project Focuses on Creating a Circular Economy for Lithium-ion Batteries
AMY Will Partner with Two U.S. National Labs and Leading U.S. Universities
RecycLiCo Battery Materials (AMY) is pleased to announce that that the Company will participate in a U.S. Department of Energy (DOE) project to advance the economic recovery of Lithium-ion battery materials from electric vehicles and other consumer goods.
The project, formally titled “Lithium Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project,” focuses on developing an economic recovery strategy for critical materials in end-of-use lithium-ion batteries from electric and hybrid electric vehicles and other consumer goods such as electric bicycles and power tools. The project commences immediately, under the aegis of the Critical Materials Institute (CMI), an Energy Innovation Hub, led by Ames Laboratory and supported by the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy, Advanced Manufacturing Office.
“AMY is very pleased to become the first private-sector company to participate in this project,” said Larry Reaugh, CEO of RecycLiCo Battery Materials. “We’re honored to be working with world-renowned national labs and leading U.S. universities on an issue that will dramatically impact our ability to meet rising material demand for lithium, cobalt, manganese and nickel.”
AMY’s partners include U.S. national labs:
Oak Ridge National Laboratory (ORNL). Located in Oak Ridge, Tennessee, ORNL is the largest multidisciplinary science and energy national laboratory in the DOE system.
Idaho National Lab (INL). Located in Idaho Falls, Idaho, the nation’s leading center for nuclear energy research and development performs work in energy systems, national security, science and environment.
Purdue University and Case Western Reserve University are also project partners.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metal company with a patented process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination of reagents and unit operations, AMY can provide 100% extraction of cathode metals at battery grade purity. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s Dec 14, 2018 Business Plan (“CBP”) for further details).
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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