Larry W. Reaugh, Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), reports that the Company has received numerous shareholder queries and calls regarding the type of Lithiated Ion battery utilized by the Boeing Dreamliner 787 which resulted in battery fires and grounding by the Federal Aviation Administration.
Green Car Report states lithium-ion batteries are a family of products having very different performance characteristics resulting from incorporating specific alloying metals into the battery chemistry. Lithium plus manganese or/and nickel (or other metals) typically carry less energy per volume than lithium plus cobalt, but are widely viewed as less susceptible to overheating. The battery chemistry utilized by the Dreamliner was Lithium Cobalt Dioxide (LiCoO2); similar to that used in laptop computers and cell phones. RecycLiCo Battery Materials’s (“AMY”) product would be Lithium Manganese Dioxide (LiMn2O4), or spinel, similar to rechargeable batteries used in the Chevy Volt. Both of these battery chemistries come under the generic heading “lithium Ion Batteries”.
AMY’s focus has been to produce high purity Electrolytic Manganese Dioxide (“EMD”) or Chemical Manganese Dioxide (“CMD”) for the Rechargeable Lithium Manganese Battery Industry utilizing their patent pending process. Bloomberg Business Week reports short circuits caused by rogue metal particals in the battery material that may cause shorts once in a very long time.
Norm Chow, P.Eng. – President and Chief Executive Officer of Kemetco Research Inc. says: “while researchers have made significant advances in materials used to improve performance of the lithium-ion batteries, often overlooked are the importance of mining processes to produce raw materials which are later refined to battery grade materials. A critical issue is that conventional mining processes introduce metallic impurities in raw materials. These metallic impurities are known to cause internal short circuits resulting in thermal run-away, which by-passes protection circuits implemented for safety. This unfortunately leads to explosions and fires in some cases. The tolerances for these impurities are so low that there are no known methods to reliably test their presence.
In 2012, RecycLiCo Battery Materials was the only mining company that presented at the Battery 2012 conference in Denver, Colorado and is currently one of the leaders developing mining technology for improved raw materials for lithium-ion batteries. RecycLiCo Battery Materials has made significant progress in advancing their hydrometallurgical process to make these critical raw materials by avoiding steps that are known to introduce metallic impurities. Prototype batteries have been produced and R&D will be advancing to the next stage.”
Currently AMY is seeking strategic partnerships and research and development grants to further efforts on producing cleaner high purity products to supply the Lithium Ion Battery market.
About Kemetco Research Inc.
Kemetco Research is a privately owned contract Research and Development Company specializing in extractive metallurgy, chemical processing and specialty chemical analysis. Kemetco was formed after the acquisition of the Industrial Process Division of BC Research. BC Research had been in operation for over 60 years as an R&D contractor in British Columbia, Canada.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal Company focusing on potentially becoming a producer of high purity EMD and CMD for the battery industry.
This release has been reviewed by John W. Fisher, PEng, 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.