RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce positive manganese extraction results for the Company’s Wenden Stockpile reclamation and advanced material processing bench-scale project, funded by the U.S. Defense Logistics Agency (DLA). Following a series of bench-scale tests to determine optimal process conditions, leach tests using AMY’s patented manganese process achieved up to 99% extraction of manganese.
RecycLiCo Battery Materials’s most recent results are a positive initial step within the complete scope of the DLA project, aiming to provide a proof of concept for treating Wenden Stockpile material to efficiently produce electrolytic manganese metal (EMM). Additional bench-scale tests and reports will include unit operations for solid-liquid separation, tailings characterization, manganese carbonate precipitation, and EMM testing.
“I am extremely excited with the progression and optimization on our Wenden Stockpile project,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Our goal is to model for DLA the bench-scale project with consideration to a larger commercial advanced material processing facility at the Wenden Stockpile.”
Bench-scale tests are used to define suitable unit operations and develop a commercially viable flow sheet that could potentially produce a strategic and domestic supply of EMM from the U.S. National Defense Stockpile in Wenden, Arizona, which consists of manganese ore mined in the 1950s and 1960s. With consideration to a future advanced material processing facility, bench-scale testing provides process flow sheet improvements that could potentially reduce equipment footprint requirements and operating costs.
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.