National Phase Patent Applications include China, Japan, Europe, Australia, India and Canada
Update on Proposed Spinout of Mineral Properties
RecycLiCo Battery Materials (“AMY” or the “Company”), is pleased to announce that the Company’s advanced lithium-ion battery cathode recycling process (RecycLiCo™), has received a ‘Notice of Allowance’ from the Korean Intellectual Property Office for the National Phase Patent Application of the Company’s core recycling technology. The ‘Notice of Allowance’ is a formal notification indicating that the examination of the invention has been completed by the Korean Intellectual Property Office and is allowed for issuance as a patent. The Company’s attorney will be completing documentation and submitting fees for formal issuance of the Korean Patent.
RecycLiCo Battery Materials’s contract research and development lab, Kemetco Research, has been monumental in the RecycLiCo™ patent invention and application, which includes key aspects such as:
- Treatment of several cathode chemistries such as lithium cobalt oxide (LCO), lithium nickel manganese cobalt oxide (NMC), and lithium nickel cobalt aluminum oxide (NCA).
- Methods for achieving 100% extraction of cobalt, nickel, manganese, aluminum for all cathode chemistries tested.
- Method for achieving 100% lithium extraction by a novel locked cycle process.
“We are excited to expand our patent portfolio to South Korea, which is well recognized in the global battery supply chain and home to many global leaders in battery manufacturing such as LG Chem, Samsung SDI, and SK Innovation,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “The company has also filed National Phase Patent Applications for China, Japan, Europe, Australia, India, and Canada.”
The United States Patent and Trademark Office granted U.S. Patent No. 10246343 on April 2, 2019 and U.S. Patent No. 10308523 on June 4, 2019 for the Company’s lithium-ion battery cathode recycling invention.
RecycLiCo Battery Materials has put the proposed spin-out of the Company’s B.C. mineral properties on hold to determine shareholder benefits. The Company has completed the preliminary work, permitting applications, and NI 43-101 technical summary report on the Rocher Deboule Property.
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.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
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.