Extraction Results Meet Company’s High Expectations
CEO: “EV and Battery Manufacturers… Already Conducting Due Diligence on [AMY] Process”
Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMY” or the “Company”), is pleased to report that additional NCA and NMC cathode scraps have been processed successfully through Stage 1 and Stage 2 of the Company’s pilot plant project. Using the Company’s patent-approved process, the scraps underwent separation and leach operations yielding a pregnant leach solution (PLS) containing cathode metals (cobalt, lithium, nickel and manganese) in quantities which meet the Company’s high expectations. More than 500L of PLS have now been collected for further testing and prepared for the remaining three stages of the pilot plant project.
“The pilot plant testing procedure is done in a manner that helps collect valuable operational data that will help us optimize the pilot plant for testing at a continuous rate once all stages are complete,” said Mr. Reaugh. “While the pilot plant testing is expected to be complete by end of May 2019, EV and battery manufacturers are already conducting due diligence on our process.”
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 metal company with a patented process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination of reagents and unit operations, AMY can provide 100% extraction of cathode metals at battery grade purity. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s Dec 14, 2018 Business Plan (“CBP”) 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.