RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that the Company has acquired a specialized cathode precipitation reactor from an Asian supplier of commercial cathode precursor manufacturing technology. This reactor is capable of producing the most modern cathode precursors such as, lithium nickel manganese cobalt oxide (NMC) and lithium cobalt aluminum oxide (NCA), which are being developed for the rapidly growing electric vehicle (EV) applications. This specialized equipment, which is not available from North American suppliers, uses the latest cathode production technology and is to be incorporated in the final stages of the RecycLiCo™ pilot plant project.
The modern cathode chemistries are produced in fine-tuned chemical processes that have strict requirements for chemical composition, purity, particle shape, particle size and uniformity. AMY’s goal is to advance its cathode recycling technology by integrating its patented process with modern cathode manufacturing to produce the highest value final products with the least amount of processing steps.
RecycLiCo Battery Materials has been actively advancing its cathode recycling technology, with respect to continued operations of its pilot plant to develop capacity and engineering data. In addition, advancing strategically on its process management in terms of achieving the high-value chain with a low number of steps. RecycLiCo Battery Materials will be producing cathode precursors samples that have been requested by a Tier 1 battery manufacturer.
Current methods of recycling involve high heat smelting of spent batteries or metal concentrates from mechanical processing of spent batteries. The drawback of this current method of recycling is that fossil fuels are used smelt the metal oxides, producing approximately two tons of CO2 per ton of material process. Additionally, only a portion of the base metals is recovered as crude materials that require a large number of processes such as conversion, leaching, solvent extraction, electrorefining to make separate LME value metal products. A portion of the base metal value and lithium reports to waste slag. To increase the value chain further, these metal products will need to be dissolved and crystallized to high purity salts before they can be processed to make cathode precursors at the high level of the value chain.
“Cathode production from raw materials to cathodes is a highly specialized and energy-demanding process but is also a substantial value-added step,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Therefore, we believe by optimizing the RecycLiCo™ process to produce recycled cathode materials for seamless integration into battery manufacturing is more efficient and beneficial for our business strategy.”
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.