Demonstration Plant to Provide Tool for Licensing or Joint Development of RecycLiCo™
Design Will Increase Commercial Plant Capacity from 3 to 5 Tonnes/Day
RecycLiCo Battery Materials (“AMY” or the “Company”), with its advanced and patented lithium-ion battery cathode recycling process (RecycLiCo™), is pleased to announce that it has awarded a $2.7 million contract to Kemetco Research Inc. (“Kemetco”), a leading metallurgical laboratory. The contract will include the development of a 500 kg/day demonstration recycling plant and the design of a 5 tonne/day commercial recycling plant, using the RecycLiCo™ process.
“Lithium-ion battery recycling is gaining recognition and I’m proud of Kemetco and our team for having the foresight to recognize this opportunity in 2016 and secure leading patents in this field. Research and development projects take time to perfect and minimize risk, but our head-start puts us in an envious position as we advance towards a commercial offering,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “After market research and consultation with Kemetco, we have decided to increase our initially planned commercial plant capacity from 3 tonnes/day to 5 tonnes/day.”
RecycLiCo Battery Materials has worked with Kemetco since 2016 to develop the closed-loop lithium-ion battery cathode recycling technologies that form the RecycLiCo™ process. To date the AMY-Kemetco collaboration has led to:
- Testing of various cathode chemistries including NCA, NMC, LCO, and LMO
- Process scale-up and optimization from bench-scale to pilot plant testing
- Test results achieving 99.7% extraction of lithium, nickel, manganese, and cobalt from the RecycLiCo™ pilot plant testing
- Test results achieving 99.99% purity on recycled lithium-ion battery material
- Issuance of US Patent 10246343 and US Patent 10308523
- Paper publication in the peer-reviewed Journal of the Electrochemical Society
- Research and development with a specialized cathode precipitation reactor to produce modern cathode precursor material for direct integration into lithium-ion battery re-manufacturing
In order to commercialize the RecycLiCo™ process, RecycLiCo Battery Materials and Kemetco will develop and operate a 500 kg/day cathode waste recycling demonstration plant. The purpose of the demonstration plant is to provide a tool for licensing or joint developing RecycLiCo™ with potential industry partners. The proposed services in the contract will include upgrading the existing pilot plant into an operating demonstration plant for engineering data collection and reporting. With the engineering data collected from the demonstration plant, Kemetco will design the commercial lithium-ion battery cathode waste recycling plant with a processing capacity of 5 tonnes of lithium-ion battery cathode waste per day.
About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. RecycLiCo Battery Materials aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
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.