Data Supports AMI Process Patent Application, Projected for November 2017
Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMI” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to announce that Kemetco Research Inc. (Kemetco) has extractions approaching 100% for lithium, nickel, manganese, cobalt and aluminum from typical NCA (lithium, nickel, cobalt, aluminum), and LMO (lithium manganese dioxide) cathode material chemistries using AMI’s proprietary hydrometallurgical process. These results are in addition to the previously announced extraction results from LCO (lithium, cobalt), August 4, 2016, and NMC (lithium, nickel, cobalt, manganese), April 11, 2017, cathode material chemistries.
Mr. Reaugh says, “The testing program has confirmed that all the commonly used rechargeable electric battery cathode materials can be leached using the Company’s hydrometallurgical process. Lithium, cobalt, nickel, aluminum, and manganese can then be recovered by either discrete product or co-product precipitation, depending on which flowsheet is being used.”
Furthermore, the latest result after 10 locked-cycle runs for lithium recovered from discrete product precipitation for LCO material has increased to 92% from 87% previously announced on March 30, 2017.
“The test work is proceeding on schedule and on budget, and the results to-date are in line with our expectations,” says Mr. Norman Chow of Kemetco Research Inc. He goes on to say, “The tests for the metal extractions and recoveries provide the data required to confirm the various process flowsheets for treating commercial cathode materials to be included in AMI’s final patent application, which we expect to submit by November of this year.”
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.
They provide scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it is able to offer a broader range of backgrounds and expertise than most laboratories.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium-ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of RecycLiCo Battery Materials toward the examination of applying its patented technology for other purposes and materials. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese and Lithium-Cobalt-Aluminum. (Please see the Company’s January 19, 2017 press release for further details)
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.