RecycLiCo™ Patented Process to Produce Recycled Sulfate Products from Battery Manufacturing Waste
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report continued cooperation with a tier-one lithium-ion battery manufacturing company, regarding additional recycling tests on their battery manufacturing waste product, to produce recycled sulfate products.
RecycLiCo Battery Materials previously reported test results on initial tier-one testing in late 2019, with the successful recovery of high purity (99.98% and 99.977%) nickel-cobalt hydroxide from the NCA cathode scrap material. Subsequently, RecycLiCo Battery Materials will be reporting on recycled sulfate products suited for the tier-one company’s manufacturing process.
The laboratory studies are conducted by the Company’s independent contractor, Kemetco Research, to analyze the optimum recycling conditions and produce a recycled product for the tier-one manufacturer’s evaluation.
“Recycling battery manufacturing waste is an immediate opportunity for battery manufacturers to take control of their supply chain amid battery-supply bottlenecks,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Our patented RecycLiCo process is designed to produce recycled battery products that could be seamlessly integrated into the re-manufacturing of battery cathodes using minimal processing steps.”
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.