Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to announce that the Company has engaged Mr. Dan McGroarty, a consultant to the rare metals sector and principal of Carmot Strategic Group. Mr. Larry Reaugh says that “Mr. McGroarty will play a key role in illuminating the growing strategic importance of manganese, and to identify and develop strategic opportunities in the Electrolytic Manganese Metal, Electrolytic Manganese Dioxide, and Chemical Manganese Dioxide arenas.”
Subject to acceptance by the TSX Venture Exchange, Mr. McGroarty will be paid $5000 per month for his consulting services, a success fee of $250,000 upon the acquisition of certain mineral rights by the Company, and a 2% commission on gross revenues resulting from said mineral rights. Mr. McGroarty has agreed to accept 1,800,000 common shares of the Company for deferral of payment of his fees until the Company has sufficient cash resources. Of the shares to be issued to Mr. McGroarty, 450,000 shares shall vest on the execution of the consulting agreement, and tranches of 450,000 shares shall vest every three months thereafter.
“Manganese is clearly a key strategic metal, for which the U.S. is presently 100% import-dependent,” said Dan McGroarty. “I am delighted to be working with Mr. Reaugh and his RecycLiCo Battery Materials team to bring a reliable U.S.-based supplier online, at a time when manganese will be in increasing demand in the energy, technology and national security sectors.”
Mr. McGroarty has consulted for more than a decade with firms in the resource sector, with a focus on strategic and critical metals. As principal of the non-profit American Resource Policy Network, an experts-led resource development think tank, Dan provided testimony on critical metals issues to the U.S. House Sub-Committee on Energy & Mineral Resources in 2011 and 2013, and to the U.S. House Sub-Committee on Science, Space & Technology in 2013. Dan has been asked to participate in the 2015 National Defense Stockpile Requirements Report, which by statute is delivered to the Secretary of Defense and the House and Senate Armed Services Committees.
Mr. McGroarty serves on the advisory boards of Texas Rare Earth Resources, developer of the Heavy Rare Earths Round Top deposit in southwest Texas, and Graphite One Resources, owner of the Graphite Creek deposit in Alaska. He served as a director of publicly traded U.S. Rare Earths, Inc. and its predecessor company from December 2010 to June 2013, and as President of the company from November 2011 through July 2013. He is a frequent speaker on Rare Earths and strategic and critical metals issues, at conferences across the U.S., Canada and in China, and in television, radio and print interviews. Prior to establishing his consultancy, Dan served at senior levels in the U.S. Government, as Special Assistant to the President in the White House and as presidential appointee to two Secretaries of Defense.
His articles and op-eds on current issues have been published in The Wall Street Journal, the New York Times, The Public Interest, National Review, Philanthropy, The Christian Science Monitor, Politico, Forbes, the Los Angeles Times, Investor’s Business Daily, The Hill, FoxNews.com, Policy Review and The American Spectator. He also serves as Adjunct Professor in the Graduate School of Political Management at George Washington University, and as a contributing columnist on geo-political issues at RealClearPolitics’ RealClearWorld page.
“The addition of Mr. McGroarty as a consultant to the Company adds a powerful influence, extensive experience and long standing relationships within the strategic metals arena. His counsel will be extremely valuable for guiding RecycLiCo Battery Materials to its goal of becoming a domestic supplier of manganese metal,” says Mr. Reaugh.
About Carmot Strategic Group
Carmot sees Issues Management as the crossroads of policy and strategic communications – combining public policy analysis and advocacy, stakeholder mobilization and coalition management to create momentum behind a company’s key programs, products and projects.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese products from its Arizona Manganese Project.
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.