RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that it is receiving additional advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support its research and development project, entitled, ‘Demonstration of Continuous Recycling of Cathode Material from Lithium-ion Battery Production Scrap’, which started in August 2021. The amendment expands existing support RecycLiCo Battery Materials is receiving from NRC IRAP, as announced in the Company’s August 13, 2021 news release.
“We have made great progress to date, and we are extremely pleased to receive this additional funding from NRC IRAP to support the completion of our project activities and objectives,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials.
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.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer