Reactor Testing to Complete Pilot Plant Recycling Project
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that the Company’s specialized cathode reactor is being prepared to produce its first test batch of cathode precursor materials. RecycLiCo Battery Materials acquired the specialized reactor for cathode precursor production, which is a valuable input for lithium-ion battery manufacturing. The reactor is capable of producing modern cathode materials such as lithium-nickel-manganese-cobalt oxide (NMC) and lithium-nickel-cobalt-aluminum oxide (NCA), both of which are commonly used in electric vehicle batteries.
To achieve the modern cathode material’s high-quality standards and to ensure testing conditions are not contaminated, AMY has prepared a specialized and controlled testing area for the reactor. The reactor will first undergo water testing before introducing the purified NMC and NCA leach solutions that were produced during the RecycLiCo™ pilot plant’s patented leach stages.
RecycLiCo Battery Materials will report results of the independent analytical testing performed on the test batch and will also prepare samples of the produced NMC and NCA cathode precursor for independent performance validation by all interested third-party organizations.
The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) has provided support and funding for this technical feasibility project, formally known as Synthesis of Cathode Material Precursors from Recycled Battery Scrap.
“The production of high-quality cathode precursor material, in a minimal number of steps, lends added value to our recycled product and shows the viability of our closed-loop recycling method,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials “The engineering and process parameter experiments throughout our pilot plant project offer a valuable tool to incorporate into larger commercial projects.”
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.