RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that Dan McGroarty, RecycLiCo Battery Materials Advisory Board member, has been appointed as one of three private–sector members of the U.S. Department of Energy’s (DOE) Critical Materials Institute (CMI) Advisory Board. McGroarty will serve a two-year term on the Advisory Board, which reports to CMI Director, Dr. Tom Lograsso.
“Dan is a tremendous asset to the RecycLiCo Battery Materials team, helping us navigate the Company to becoming an industry team member of the CMI, and demonstrating for the U.S. Defense Logistics Agency AMY’s ability to solve a strategic critical mineral challenge, in our Wenden Stockpile reclamation and advanced material processing bench-scale project,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “I believe Dan’s appointment to the CMI Advisory Board will bring CMI valuable insight in how the private-sector’s powers of innovation can help meet the challenges of developing a strong U.S. critical materials supply chain.”
Led by the Ames Laboratory, in Iowa, CMI consists of more than 300 scientists, engineers and support staff at four National Laboratories of the U.S. Department of Energy, 16 universities, and 27 industrial partners. CMI was launched in 2013 as a DOE Energy Innovation Hub, charged with seeking ways to develop technologies that strengthen U.S. supply chains through source diversification, material substitution, and improved recycling and recovery.
AMY was accepted as a CMI industry team member in March 2019, and participates in CMI’s “Lithium-Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project,” focused on research, development and demonstration of novel methods that maximize value recovery from lithium-ion battery stacks, modules and cells by reuse, remanufacturing, and materials recovery. RecycLiCo Battery Materials’s CMI project partners are Oak Ridge National Laboratory (ORNL), Idaho National Lab (INL), Purdue University and Case Western Reserve University.
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
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.