RecycLiCo Battery Materials (“AMY” or the “Company”) will be extending the exercise period for 10,158,225 share purchase warrants, all of which are exercisable at $0.20 per share (collectively, the “Warrants”). The Warrants were issued pursuant to two private placement which closed over several tranches in 2018 and 2019. The Company proposes to extend the expiry dates for all Warrants by one year, and accordingly, the new expiry dates for the Warrants are as follows:
Private Placement of Units
Tranche 1: For Warrants issued on December 4, 2018, the new expiration date of those Warrants will be December 4, 2021.
Tranche 2: For Warrants issued on January 11, 2019, the new expiration date of those Warrants will be January 11, 2022.
Tranche 3: For Warrants issued on March 29, 2019, the new expiration date of those Warrants will be March 29, 2022.
Tranche 4: For Warrants issued on May 3, 2019, the new expiration date of those Warrants will be May 3, 2022.
Private Placement of Flow-Through Units
For Warrants issued on December 26, 2018, the new expiration date of those Warrants will be December 26, 2021.
All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.
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
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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.