Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials, (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4) (“AMI” or the “Company”) is pleased to report the Company has been assigned the Legal Entity Identifier (“LEI”) number 5493005WVFCG4EGQEN69 through registration with WM Datenservice. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at reducing risks to investors.
What is the Global Legal Entity Identifier (LEI)?
The Legal Entity Identifier (LEI) is an internationally standardized and globally valid identifier for participants in the financial market and serves to unambiguously identify business partners (eg companies, banks or investment funds) and to fulfill certain reporting obligations to supervisory authorities. What’s new in comparison to existing systems is the global solution across all countries, markets and legal systems. The global adoption of a unified legal entity identification system is expected to reduce costs for businesses, as well as the financial market as a whole, improve risk management and promote transparency in the financial markets.
RecycLiCo Battery Materials meets the requirement for all companies listed on German Stock Exchanges (ie. FSE Stock Exchange) to have an LEI number by January 3, 2018.
According to the website of the Deutsche Borse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium-ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of RecycLiCo Battery Materials toward the examination of applying its patented technology for other purposes and materials. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese (Please see the Company’s January 27, 2017 press release for further details).
The company has updated their PowerPoint which can be viewed here.
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.