Stage 5 Testing of RecycLiCo™ Pilot Plant Will Be Followed by Testing of Third-Party Material
RecycLiCo Battery Materials (“AMY” or the “Company”), is pleased to announce the beginning of Kemetco Research’s testing of NCA cathode material on Stages 3, 4, and 5 of the RecycLiCo™ Pilot Plant – a proprietary innovation of RecycLiCo Battery Materials that recycles cathode materials from lithium-ion batteries.
Stages 1 and 2 of the Pilot Plant consisted of a pre-treatment and leach on the NMC (lithium-nickel-manganese-cobalt) and NCA (lithium-nickel-cobalt-aluminum) cathode material to produce 500L of pregnant leach solution from each chemistry. Kemetco Research Inc. (the Company’s independent research contractor) first conducted tests on stages 3 and 4 using the recovered NMC pregnant leach solution and reported 99.93% purity results in the Company’s July 24, 2019 Press Release.
Kemetco will now conduct the same tests for the NCA cathode material to demonstrate recycling opportunities with other cathode chemistries. Once complete, the final stage of the Pilot Plant project, stage 5, will include the recovery of battery grade lithium carbonate as well as the recycling of process reagents and water. Stage 5 will also incorporate a new patent application that improves processing and recovery capabilities.
“There are many lithium-ion battery cathode chemistries used in a variety of applications from portable electronics to electric vehicles. The NCA and NMC cathodes are popularly used in electric vehicles, such as Tesla, Nissan, BMW, and Volkswagen battery packs,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “The Pilot Plant project has attracted significant industry attention and the Company plans to extend testing and provide proof of concept for third-party materials, which consist of NMC and NCA cathode materials.”
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.