AMY CEO: “Cathode Precursor is high-value product… for Li-Ion Battery Supply Chain”
Company Begins Sourcing Equipment for RecycLiCo™ Demonstration Plant
RecycLiCo Battery Materials (“AMY” or the “Company”) and its independent R&D contractor Kemetco Research Inc. (“Kemetco”) are pleased to report that the pregnant leach solution (PLS) produced during the leaching stages of NMC (lithium-nickel-manganese-cobalt oxide) cathode waste, using AMY’s patented lithium-ion battery cathode recycling process (RecycLiCo™), has been prepared for cathode precursor production testing.
The NMC testing follows the earlier production of cathode precursor material from recycled NCA (lithium-nickel-cobalt-aluminum oxide) cathode waste, as reported in the Company’s March 31, 2021 press release. AMY’s goal is to achieve the technical targets set by traditional lithium-ion battery cathode precursor manufacturers and to demonstrate the potential to recycle NMC or NCA cathode waste into high-value cathode precursor products for direct integration in the re-manufacturing of new lithium-ion batteries.
“The cathode precursor is a high-value product near the end of the lithium-ion battery supply chain and the NMC and NCA cathodes are two of the most popular electric vehicle battery chemistries manufactured and used today,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Therefore, with RecycLiCo, our strategy is to license or jointly develop our environmentally safe, efficient, and low-cost process alongside lithium-ion battery and electric vehicle partners that share our vision of a circular economy.”
RecycLiCo Battery Materials is also pleased to report that equipment planning and sourcing for the RecycLiCo™ demonstration plant is underway. The contract for the $2.7 million scale-up project was awarded to Kemetco on March 12, 2021, and will have a planned cathode waste processing capacity of 500 kg/day. The project will support third-party evaluation, detailed economic analysis, and provide a tool for commercialization.
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
Share This Story, Choose Your Platform!
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.