The High Purity Sample of ‘Green’ Lithium was Prepared and Sent to an International Lithium Producer
RecycLiCo Battery Materials (“AMY” or the “Company“) is pleased to report the successful production of lithium sulfate (Li2SO4) with 99.99% purity. The bulk sample of lithium sulfate was prepared and sent to an international lithium producer to validate the patented RecycLiCo™ process.
“We are extremely pleased with the production of 99.99% pure lithium sulfate directly from the most valuable and least environmentally disruptive source of lithium available in the world – which in my opinion is the end-of-life battery,” commented Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “To produce green batteries, you need ‘green’ lithium, and we are thrilled to be engaged with companies that recognize the promise of RecycLiCo. We are confident that our product will align with the lithium-ion battery industry’s needs, and which will unlock long-term environmental benefits.”
The RecycLiCo™ process first leached lithium-ion battery cathode scrap and black mass material with an extraction efficiency of over 99%. The resulting pregnant leach solution is then coprecipitated to produce cathode precursor material (nickel, cobalt, and manganese). The remaining solution subsequently undergoes separate extraction of high purity lithium sulfate while regenerating process chemicals for the closed-loop process. Together, the cathode precursor and lithium sulfate product accounts for most of the lithium-ion battery’s material value and can be re-integrated into new battery manufacturing.
Throughout RecycLiCo Battery Materials’s R&D and pilot plant project, the Company successfully produced other lithium derivatives such as lithium hydroxide and lithium carbonate, enabling a robust RecycLiCo™ process that can adapt to the changing needs of the lithium-ion battery industry.
99.99% Pure Lithium Sulfate from Upcycled Lithium-ion Battery Waste
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical minerals company focused on the upcycling of lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ Patented Process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
RecycLiCo Battery Materials’s original patented manganese process is the cornerstone technology in the development of the Company’s lithium-ion battery cathode recycling process, RecycLiCo™.
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.