RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMI” or the “Company”), (TSX.V:  AMY; OTCQB:  AMYZF; FSE:  ID4) wishes to correct an error in its news release dated September 13, 2016 and to clarify certain statements.

In Phase 2 testing of the Company’s proprietary hydro-metallurgical process to recycle lithium-ion batteries, precipitation tests on leached cobalt/lithium cathode material recovered up to 60% of the lithium present.  The prior news release incorrectly stated the percentage as being 55%.

Moreover, the 60% figure refers only to initial single pass sequential cobalt/lithium precipitation tests. Kemetco Research Inc. expects lithium recovery of up to 90% with “lock cycle” tests (which are commonly used in potash metallurgy), whereby the recovery process is repeated multiple times. “Simply put in layman’s terms,” says Larry Reaugh, President and CEO of the Company, “you can keep repeating the cycle until you squeeze out every last bit of lithium that is possible. It’s a closed system that easily allows one to run the process again and again until almost all the desired lithium has been extracted. There will always be small losses in the system, but based on established processes, a high rate of recovery is achievable.”

About Kemetco Research Inc.

Kemetco Research Inc. is a privately owned contract research and development company specializing in extractive metallurgy, chemical processing and specialty chemical analysis.  It was formed after the acquisition of the industrial process division of B.C. Research, which had been in operation for over 60 years as a research and development contractor in British Columbia.

About RecycLiCo Battery Materials

RecycLiCo Battery Materials is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium-ion rechargeable batteries.

Interest in the Company’s patented process has adjusted the focus of RecycLiCo Battery Materials toward the examination of applying its patented technology for other purposes and materials.  RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become an industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as:  Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese.

On behalf of Management

RecycLiCo Battery Materials

Larry W. Reaugh
President and Chief Executive Officer

Share This Story, Choose Your Platform!

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.

Latest Press Releases