Tesla Battery Day Brings Focus on Manganese
Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“AMY” or the “Company”), reports that the renewed interest in manganese compels the company to re-analyze their Artillery Peak low-grade manganese project. This entails studies of the 2012 Pre-Feasibility prepared by Tetra-Tech for the production of Electrolytic Manganese Metal (EMM) also studies on the production of high purity working Electrolytic Manganese dioxide (EMD) Prototype Lithium Ion Batteries by Kemetco Research Inc. The US Patents for this process were granted to the Company on June 11, 2013 which would later become the cornerstone of AMY’s lithium-ion battery material recycling patents. The manganese patent was also granted in China, South Africa, and Canada.
The Prefeasibility Study was based on EMM whereas production of EMD is less expensive due to reduction of electroplating costs for EMD which is 20% of the cost of EMM and the footprint for mines is 60% of EMM footprint. The patented process is closed-loop with dry tailings and reuse of water.
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.
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.