Kemetco Produces High Quality Nickel-Cobalt Hydroxide
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that the company has received initial results from Kemetco Research regarding the recycling tests of lithium-ion battery material received from tier-one companies, referred to in the Company’s October 3, 2019 news release. With respect to RecycLiCo Battery Materials’s confidentiality agreement with the tier-one companies, they will be referred to as Company A and Company B.
The work initiated with laboratory studies to determine the optimum conditions to operate a larger scale pilot run to produce larger quantities of material for customer evaluation. Based on the initial laboratory tests nickel cobalt hydroxide was successfully produced from the as received cathode scraps. Recycled samples from Company A reported a recovery of 88.75% for Cobalt and 84.12% for Nickel using the RecycLiCo™ Patented Process. This material was received as long fine strips and past experience has shown the recoveries can be improved with a different size of shredding to enhance separation of the active material from the aluminum foil. This sizing is proprietary to RecycLiCo Battery Materials which the company will advise to the tier-one companies.
“We have produced high quality nickel-cobalt hydroxide (see photo) from our initial tests of tier-one NCA cathode scrap and are optimizing the conditions for a production run of a larger quantity of material for customer testing, which we are proceeding”, says Norm Chow of Kemetco Research.
On the completion of sample lithium-ion battery material from Company A, RecycLiCo Battery Materials will report on Company B as results are received.
“Lithium-ion batteries for tier-one companies have a high standard for quality and Kemetco is doing an excellent job ensuring that we produce tier-one recycled lithium-ion battery cathode materials,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials.
Additional news on tier-one testing of battery material.
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 battery grade 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.