RecycLiCo™ Cathode Precursor Shares the Technical Specifications Found in Conventional Cathode Materials
RecycLiCo Battery Materials (“AMY” or the “Company”), a pioneer in advanced lithium-ion battery cathode recycling, and its independent R&D contractor Kemetco Research Inc. (“Kemetco”) are pleased to report the production of NMC (lithium-nickel-manganese-cobalt oxide) cathode precursor material directly from recycled NMC cathode waste, using the RecycLiCo™ patented process. The RecycLiCo™ product shares the same high-quality technical specifications – such as particle morphology, size, and distribution – found in conventional lithium-ion battery cathode precursor materials.
Figure 1 – Scanning Electron Microscopy Scan of Cathode Precursor from Recycled NMC Cathode Waste
Moreover, RecycLiCo Battery Materials intends to enhance the processing flexibility of the RecycLiCo™ process by adjusting the ratio of leached metals before the end cathode precursor product is made. By adjusting the ratio of the leached metals, it would give RecycLiCo™ the ability to recycle older cathode chemistries, such as NMC-111, and transform the end-product into modern cathode chemistries, such as NMC-622 or NMC-811, in one closed-loop process. The Company will test this concept in its next production batch.
“We are very excited about the quality of the cathode precursor material that we can produce directly from recycled cathode waste, and we aim to further adapt the RecycLiCo™ process to the rapidly changing lithium-ion battery industry,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “The feedstock material used in these recycling tests comes from lithium-ion battery production waste, which accounts for at least 10% of a Gigafactory’s production capacity. Therefore, by integrating the RecycLiCo™ process alongside Gigafactories, we envision the recycling of battery production waste directly into cathode precursor material for use in battery re-manufacturing.”
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 RecycLiCo™ patented process was developed to offer a closed-loop and environmentally friendly solution for the recycling of cathode materials used in lithium-ion batteries. The recycling process provides high extraction and purity of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum. The RecycLiCo™ patented process was designed with the goal to produce recycled battery products that could be seamlessly and directly integrated into the re-manufacturing of battery cathodes using minimal processing steps.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh President and Chief Executive Officer
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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.
