Commercial Demonstration Plant Planned to Have a Processing Capacity of 3 Tonnes of Cathode Scrap per Day
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report that negotiations have begun with Kemetco Research on the preliminary engineering design and economic analysis of a Commercial Demonstration recycling plant with a planned processing capacity of 3 tonnes of cathode scrap material per day.
With the successful design, commissioning, and testing of the RecycLiCo™ Pilot Plant project, Kemetco Research would begin preliminary engineering design and economic analysis for the Commercial Demonstration plant utilizing the multiple data points and optimization strategies observed throughout the Pilot Plant project. Subsequently, RecycLiCo Battery Materials will be engaging Kemetco for detailed engineering plans.
“When we first engaged Kemetco, in 2016, to begin lab-scale research on a lithium-ion battery recycling technology, Norm Chow and his brilliant team of scientists weren’t just solving a problem on a lab-scale because they always considered the scalability of the process,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “We have always been aiming towards turning this technology into a profitable enterprise with a global clientele.”
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 battery grade 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.