RecycLiCo Battery Materials (“AMY” or the “Company”), with its advanced and patented lithium-ion battery cathode recycling process (RecycLiCo™) and Kemetco Research Inc. (“Kemetco”), a leading metallurgical laboratory and R&D contractor to RecycLiCo Battery Materials, are pleased to announce the production of cathode precursor material directly from recycled Lithium Nickel Cobalt Aluminum Oxide (NCA) cathode waste. The NCA cathode chemistry is produced by some of the largest battery manufacturers and commonly used in modern electric vehicle batteries.
The cathode precursor material, produced by the Company’s pilot plant project and specialized cathode reactor, was analyzed with scanning electron microscopy to verify the spherical morphology requested by a tier-one battery manufacturer. RecycLiCo Battery Materials will be producing a range of precursor samples to be evaluated in collaboration with the tier-one battery manufacturer.
Featured Image Above: Scanning Electron Microscopy Scan of Cathode Precursor from Recycled NCA Cathode Waste
“RecycLiCo Battery Materials is advancing its RecycLiCo™ process with the aim to produce the highest value final product, the cathode precursor, with the fewest number of steps,” commented Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “We believe our business strategy and patented technology provide the highest economic benefit and the most sustainable manner for recycling critical battery minerals from cathode waste.”
The Government of Canada has recently developed a list of 31 critical minerals for the sustainable economic success of Canada, which include battery minerals like lithium, cobalt, manganese, nickel, and aluminum. Battery technology will be essential for the global economy and Canada is poised to become a global leader in mining, battery manufacturing, electric vehicle manufacturing, and battery recycling. RecycLiCo Battery Materials believes its recycling patents and cathode precursor production know-how will be a valuable contribution to Canada’s thriving battery supply chain. The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) has provided support and funding to RecycLiCo Battery Materials for its technical feasibility project, formally known as Synthesis of Cathode Material Precursors from Recycled Battery Scrap.
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.