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 the results of the just-completed initial locked cycle cobalt and lithium precipitation testing program performed by Kemetco Research Inc. (Kemetco). After 4 cycles, the cobalt recovery in its precipitate stabilized near 100%, and lithium recovery in its precipitate reached 87% on a continuing upward trend.
“As previously described in the Company’s press release of September 16, 2017, these results confirm proof of concept for increasing lithium recovery with a proprietary solution recycle. This solution recycle is an important operation of our patent pending hydrometallurgical process being developed for recycling cathode materials from spent electric vehicle lithium-ion batteries”, says Mr. Reaugh. He goes on to say, “Further solution cycling should show that lithium recovery in its precipitate could exceed 95%, as only small intrinsic losses (in the order of 1 to 2%) due to entrainment in the cobalt precipitates and by-products.”
The Company is preparing to accelerate its research and testing program to generate the results to support its full United States patent application which is expected to be filed in November 2017.
About Kemetco Research Inc.
Kemetco Research Inc. is a privately-owned contract research and development company specializing in extractive metallurgy, chemical processing and specialty chemical analysis. It was formed after the acquisition of the industrial process division of B.C. Research, which had been in operation for over 60 years as a research and development contractor in British Columbia.
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.
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.