RecycLiCo Battery Materials (“AMY” or the “Company“) has selected Minviro Ltd. (“Minviro”), a UK-based and globally recognized sustainability and life cycle assessment consultancy, to conduct a life cycle assessment (LCA) of the company’s battery recycling-upcycling process, RecycLiCo™.
LCA is a standardized, scientific method for quantifying the direct and embodied environmental impacts associated with a particular product or process. By considering all material and energy inputs (scope 1, 2 and 3 CO2 emissions), LCAs provide a detailed account of a project’s environmental footprint that can help guide transparent discussions on climate change, carbon neutralization, water use impacts, human health impacts, and land use. Furthermore, life cycle assessments can highlight environmental hotspots in production processes and support strategies to reduce impacts for future development.
The study will involve a complete ‘gate-to-gate’ life cycle impact assessment that quantifies the environmental performance of producing cathode precursor material from battery waste via AMY’s RecycLiCo™ process. Minviro will benchmark the results against conventional primary cathode precursor operations and competitor recycling routes. Under ISO compliance, all results are to be reviewed by third-party experts in industry and academia to allow for comparative assertions and ensure a comprehensive review of data.
“Environmental responsibility is a fundamental part of all businesses in the lithium-ion battery space, and it will become increasingly essential if regulators introduce legislation for mandatory environmental footprint declarations,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Therefore, our mission is not only to achieve the highest recycling efficiency of waste battery material but to also produce battery materials with the highest environmental performance of any battery material produced. We are excited to work with Minviro to evaluate our RecycLiCo™ battery recycling-upcycling process and provide quantifiable data that regulators recognize, and consumers can count on.”
Minviro Founder and CEO, Dr Robert Pell noted, “Battery material circularity is a key development for helping the industry cope with the huge material demand presented by global electrification. It is important that life cycle thinking is applied to understand the environmental benefits of recycling compared to primary production. We are excited to work with RecycLiCo Battery Materials on this interesting project and are looking forward to all parties gaining novel insights into the life cycle impact of cutting-edge technology.”
Minviro is a London-based and globally recognized consultancy and technology company specializing in carrying out life cycle assessments in the technology metal space. The company provides quantitative environmental and climate impact data for mineral resource projects, battery manufacturers and OEMs to make environmentally informed decisions (www.minviro.com).
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
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.