Process Produced 100% Match to Commercial Grade Material

Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMI” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to announce that Kemetco Research Inc. (“Kemetco”) has successfully produced Li:Ni:Mn:Co (NMC) cathode material and working coin cell rechargeable NMC batteries using recycled lithium, nickel, manganese, and cobalt from AMI’s patent pending lithium-ion battery cathode material recycling process.

Preliminary battery cycling test of the NMC battery has demonstrated that it reached the targeted battery capacity, which further proves RecycLiCo Battery Materials’s patent pending battery recycling process can recycle and refabricate the NMC material to make new NMC batteries.

“Based on these preliminary results,” said Norm Chow, President of Kemetco, “it can be speculated that the RecycLiCo Battery Materials upcycling technology represents the world’s first NMC Battery produced from AMI’s closed loop recycling process.”

“These results continue to validate the AMI process,” said Mr. Reaugh. “With this phase of test work, we’ve taken very complex lithium-ion battery cathode material from the recovered components through the reconstitution of the NMC cathode materials to produce working chargeable cells.”

Battery Fabrication and Assembly
Recycled NMC was generated by precipitating the metal components from a leached solution of commercially available feedstock. XRD (X-ray diffraction) of the reconstituted NMC material has characterized the material as having a perfect ratio of Li:Ni:Mn:Co = 1.06:0.33:0.33:0.33 — a 100% match to the commercial battery grade of NMC.

This cathode material mixture was subsequently coated onto aluminum foil and dried for 2 hours at 120°C in a vacuum oven to form the lithium-ion battery cathode.

The button cell batteries were assembled as follows: top cell case, cathode, separator, anode, spacer, ring-shaped spring, and bottom cell case. The anode was made from purchased graphite. The ring-shaped spring was placed between the negative casing and the spacer to ensure adequate pressure was applied to the cell components. Both the spring and the spacer are made from stainless steel. A thin layer of polyolefin was used as the separator.

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.

They provide scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it is able to offer a broader range of backgrounds and expertise than most laboratories.

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 and Lithium-Cobalt-Aluminum. (Please see the Company’s January 19, 2017 press release 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.