RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report the successful upcycling of lithium-ion battery black mass into NMC-811 (nickel-manganese-cobalt oxide) cathode precursor, using AMY’s RecycLiCo™ closed-loop process. These results are a continuation of earlier success where the Company upcycled the same black mass sample into NMC-622, as announced in the Company’s August 24, 2021 news release.
“The production of NMC-811 and NMC-622 cathode precursor directly from the same lithium-ion battery black mass sample demonstrates RecycLiCo’s ability to adjust its product output to changing battery cathode precursor demands of future customers,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Our testing program aims to grow strategic partnerships with leaders in the electric vehicle and lithium-ion battery industry and we are pleased to demonstrate our practical and efficient solution for achieving high-quality cathode precursors with one closed-loop process.”
Scanning Electron Microscopy Scan of NMC-811 Cathode Precursor from Upcycled Lithium-ion Battery Black Mass
Lab-scale leaching tests confirmed over 99% leach extraction efficiency of lithium, nickel, manganese, and cobalt. Following the recovery of cathode precursor material (nickel, manganese, and cobalt), the RecycLiCo™ process separately extracts high purity lithium while regenerating process chemicals for reuse in the process. The closed-loop and value-added processing methods achieve low chemical consumption, good overall mass balance, and refined final products that are key to lithium-ion battery manufacturing.
The black mass sample was sent by an electric vehicle manufacturer to confirm the viability of RecycLiCo Battery Materials’s patented process to extract valuable lithium-ion battery materials. The black mass was produced by mechanical size reduction of end-of-life lithium-ion batteries, resulting in a powder substance that contains critical battery materials, including lithium, cobalt, nickel, and manganese, as well as copper, aluminum, and graphite.
Black Mass from Mechanically Treated Electric Vehicle Batteries
The solution produced after leaching the black mass is adjusted to the desired ratio of nickel, manganese, and cobalt before the direct co-precipitation of the NMC-811 cathode precursor. The number designation following NMC indicates the ratio of nickel, manganese, and cobalt contained (i.e. the NMC-811 ratio is 80% nickel, 10% manganese, and 10% cobalt). Modern electric vehicle battery packs are predominantly shifting to higher nickel-containing cathode materials and RecycLiCo Battery Materials has demonstrated this essential processing flexibility to upcycle older electric vehicle battery materials into the next generation of lithium-ion battery cathode precursor materials.
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.
RecycLiCo Battery Materials’s original patented manganese process is the cornerstone technology in the development of the Company’s lithium-ion battery cathode recycling process, RecycLiCo™.
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.