Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMY” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to announce that Fundamental Research Corp. (“FRC”), a Vancouver-based investment research company engaged by the Company, has initiated coverage of RecycLiCo Battery Materials with its first research report released April 12, 2018.
FRC has given RecycLiCo Battery Materials a “BUY” rating.
FRC’s research report on AMY was written and produced by senior analyst Siddharth Rajeev, B.Tech (Electronics Engineering), MBA (Finance), CFA, Vice-President and Head of Research. FRC’s research department has covered over 300 small and micro-cap companies as well as 150 exempt market/private issues from a broad array of industries including energy, mining, real estate and technology. Mr. Rajeev regularly provides media commentary on the valuation of small cap stocks and industries he covers. He also manages the FRC list of Top Picks, which are the stocks under FRC’s coverage which he has the highest conviction level about. These picks have historically helped FRC to a high rating in various third-party analyst performance rankings. Mr. Rajeev is also the co-author of two online courses, including the very successful “Evaluation of Junior Mining Companies for Investment Purposes” course which is in demand at investment conferences across North America.
About Fundamental Research Corp.
FRC generates and distributes research to a global audience, including investment banks, institutional investors, as well as professional investors and relevant members of the global investment community.
The FRC report is currently available to view, or to download, from FRC’s website www.researchfrc.com
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 (Please see the Company’s July 27, 2017 press release for further details).
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.