Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMI” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to announce that Phase 1A of the intellectual property development program has been completed by Kemetco Research Inc. The following was achieved in this phase of work:
- Reagent usage was optimized for recycling LCO cathode chemistries
- Proof of concept was achieved on an innovative method to increase lithium recovery (demonstrating an initial increase of lithium precipitate recovery from 60% to 87%)
- Proof of concept was achieved on extracting (dissolving into solution) 100% of the Lithium, Nickel, Manganese and Cobalt from NMC chemistries.
Phase 1B testing has commenced and consists of comprehensive testing to obtain all data required to complete the portion of the patent application applicable to recycling LCO chemistries. This will include maximizing recoveries of lithium and cobalt and obtaining data on reagent and solution streams for each consecutive unit operation at steady state to finalize the overall commercial flowsheet.
Phase 2 and 3, to follow, with Phase 2 focusing on reagent optimization on recycling NMC, LMO and NCA chemistries. Phase 3 will focus on obtaining all data required to complete the final patent application including recycling NMC, LMO and NCA chemistries. This work is required to prepare and submit the final US patent application by November 2017.
In a recent article, Jason Savarc from Clean Energy Reviews looks at the New Tesla Powerwall2 and comments that “a recent breakthrough by RecycLiCo Battery Materialsor ‘AMI’ has shown very good results in extracting the raw materials from Lithium NMC batteries for re-use”.
Over the past few months, the Company has been contacted by national and international companies expressing interest in completing due diligence on the AMI Lithium-Ion Battery Recycling Process. Several non-disclosure agreements have been signed or are in the process of being signed with end-users, governments and commercial firms that are exploring opportunities with AMI. (The Company is not able to disclose the identity of these at the request of the interested parties.)
Interest continues to increase since:
1. The Proof of Concept was successfully completed.
2. Recoveries of cathode material have been disclosed.
3. Filing for US Provisional Patent on AMI’s proprietary process has been made.
4. Cobalt’s prominence and shortage is beginning to look critical with the price up 150% to $25.00/lb. ($55,000/tonne).
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 and 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 (Please see the Company’s January 19, 2017 press release for further details).
The company has created a new PowerPoint which can be viewed here.
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.