Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to report that management has completed a review of its Artillery Peak Manganese Project, located in Mohave County, Arizona. RecycLiCo Battery Materials controls most of the known manganese resources within the Artillery Peak district. The Artillery Peak manganese district is one of the better known districts in the United States and management believes is the only advanced pure manganese project within the United States. Management has made the following recommendation for the advancement of the Artillery Peak Project:
The focus will be on potential production of Chemical Manganese Dioxide (CMD); a patented direct hydrometallurgical process that does not require electro-winning or heavy use of electricity.
In late 2012, Kemetco Research Inc. (Kemetco) successfully produced working rechargeable lithium-manganese ion coin cell battery proto-types from Artillery Peak CMD material recovered from the Company’s continuous process pilot tests in 2012, and presented their findings in a report titled: “Chemical Manganese Dioxide from Low Grade Manganese resources”. Further potential improvements include, but are not limited to:
• Defining higher grade resources in the Macgregor Pit area could reduce the overall project footprint. The NI 43-101 compliant pre-feasibility study on electrolytic manganese metal utilized indicated resources grading 2.20% Mn. Some of the better intercepts from the Macgregor Pit area, grading from 4.02% Mn over 27.44 meters (90 feet) to 7.23% Mn over 6.09 meters (20 feet) suggests the existence of higher grade resources.
• Changing the production from 50,000 tonnes/year of electrolytic manganese metal to 30,000 tonnes/year of CMD, could further reduce the project foot print by up to 60%, as CMD consumes only 18,965 tonnes/year of manganese.
• Management’s strategy for advancing the Artillery Peak Project includes initially drilling to define higher grade resources; after which a preliminary economic assessment (PEA) will be undertaken.
Raw material suppliers are well positioned to benefit from the larger role given to electric vehicles (EV’s) and rechargeable lithium-ion battery manufacturers, due to Tesla moving ahead on its $US 5 billion Giga-battery manufacturing facility; GM moving ahead with its $US 450 million expenditure on the Chevy Volt production and battery facilities; and the new owner of Fisker and A123 Batteries challenging Tesla for first place in the production of North American EV’s. Tesla has raised the bar higher as it has committed to utilizing raw materials that are produced in North America for their batteries.
The Company is well positioned strategically to become a producer of CMD for the rechargeable lithium-manganese ion battery business.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese products from its Arizona Manganese Project.
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.
This release has been reviewed by Michael MacLeod, P. Eng., a qualified person pursuant to National Instrument 43-101.
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.