DLA Project Demonstrates Versatility of AMY’s Patented Manganese Process
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report initial leach test results on manganese samples collected from the U.S. National Defense Stockpile in Wenden, Arizona, under a grant from the Defense Logistics Agency (DLA). Using AMY’s patented manganese process (US Patent No. 8,460,631), the leach test results achieved encouraging manganese extraction rates of up to 88%.
As announced in the Company’s January 12, 2021 press release, the 14 representative samples (550 pounds) collected from the Wenden Stockpile were blended into a master composite and crushed into various material sizes for leach testing. Leach tests were conducted on the different crush sizes to establish optimal process conditions, in addition to scale-up considerations relevant to a potential advanced material processing plant at the 322,000 metric ton Wenden Stockpile. The laboratory testing campaign’s next step is to conduct leach tests using the determined optimal leach conditions on each of the 14 individual representative samples, with a focus on reducing the leach reagent consumption, before advancing to tailings characterization, manganese carbonate precipitation, and electrolytic manganese metal (EMM) testing.
A letter released by Congressman Paul Gosar (R-AZ) to the U.S. Department of Interior put the Wenden Stockpile work in its larger strategic context, stating that an advanced manganese material processing facility at Wenden could open prospects to U.S.-produced EMM, produce a reliable source of EMM for the DLA/National Defense Stockpile, end the U.S.’s current 100% manganese import-dependency, and reduce U.S. reliance on China in the advanced manganese supply chain (click here to read Congressman Gosar’s letter).
Under the grant awarded on October 21, 2020 by the Defense Logistics Agency, RecycLiCo Battery Materials’s proposed timeline to complete the laboratory testing campaign is anticipated to take 47 weeks.
“I am pleased to see our Wenden Stockpile project progressing on our proposed timeline and demonstrating the versatility of our patented manganese process,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Our manganese patent was the cornerstone in the development of our patented lithium-ion battery cathode material recycling process, and we are now fortunate to have the opportunity to advance these two great projects.” In addition to its DLA grant focused on the Wenden manganese stockpile, AMY is part of the U.S. Department of Energy’s Critical Materials Institute’s work on EV battery materials recycling.
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.