Support for International Co-Innovation Action Plan between RecycLiCo Battery Materials and Battery Safety Solutions B.V.
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that it will receive advisory services and conditional funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the International Co-Innovation Action Plan (ICAP) between RecycLiCo Battery Materials (AMY) and Battery Safety Solutions B.V. (BSS).
The main objective of the ICAP is to develop a joint action plan and a Go-To-Market strategy between AMY and BSS for a demonstration lithium-ion battery (LIB) recycling plant in Europe and North America based on the co-development and implementation of each firm’s complementary innovative technologies.
“We are proud to receive support from the Government of Canada,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “We believe RecycLiCo Battery Materials and Battery Safety Solutions are an excellent match for creating a complete life-cycle material recovery solution for spent and damaged lithium-ion batteries.”
About Battery Safety Solutions B.V.
Battery Safety Solutions provides a leading solution with the highest possible recycling percentage for all batteries and a vast network of partners and suppliers. With a combined 65 years of knowledge and experience – BSS specializes in the collecting, storing, discharging, and dismantling of lithium-ion batteries in Europe.
For more information please visit www.batterysafetysolutions.com
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.