Installation of Key Equipment for Stage 1 and 2 of Pilot Plant Now Complete
CEO: AMY’s Battery Material Recycling Effort “On Time and On Target”
Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMY” or the “Company”), is pleased to announce that Kemetco Research’s sub-contractor has installed key pieces of equipment for the Pilot Plant and is ready to move into their facility for testing of Stages 1 and 2 in the new year. “We’re on time and on target,” said CEO Larry Reaugh.
AMY’s patent-approved technology is to be demonstrated with the closed-loop system at a planned processing rate of 1kg/hr. The Company will be processing the received one metric tonne of pre-production cathode scrap material (500kg of NMC and 500kg of NCA), as per our October 10, 2018 press release. AMY’s patent-approved process will recover nickel, manganese, aluminum, cobalt and lithium.
“I would like to wish our shareholders a Merry Christmas and a Happy New Year”, said Mr. Reaugh. “For as much progress as we have made in 2018, I think this coming year will be very exciting and prosperous for the company and our shareholders.”
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 metal company with a patented process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination of reagents and unit operations, AMY can provide 100% extraction of cathode metals at battery grade purity. RecycLiCo Battery Materials aims to capitalize on its patent pending technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s Dec 14, 2018 Business Plan (“CBP”) for further details).
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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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.
