Expected to Upgrade Process Capacity and Decrease Cost
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report the launch of the RecycLiCo™ pilot plant optimization tests with the Company’s contractor, Kemetco Research. The tests are focused on upgrading and perhaps doubling the processing capacity of lithium-ion battery cathode scrap material from the pilot plant’s current baseline capacity of 64 kg/day. The Kemetco team has planned to gradually increase pulp density in the initial stages of the RecycLiCo™ process to determine the optimal processing capacity without sacrificing the recovery potential of cobalt, lithium, nickel, manganese, and aluminum.
The projected timeline for the pilot plant optimization tests is expected to take several weeks and the findings are to be incorporated in the detailed engineering of the Company’s recently announced conceptual commercial plant layout. By improving units of operation and increasing processing capacity, RecycLiCo Battery Materials expects to decrease the cost of future commercial recycling plants.
“When we first commissioned the pilot plant project, we were interested in successfully scaling up our patented recycling process, which I believe we have demonstrated. We are now using this opportune time to determine the optimal processing limits and potential cost savings for our future commercial recycling plant,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials.
Norman Chow, President of Kemetco Research, explains the latest pilot plant tests in the video below:
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.