Making Lithium-ion Last Forever™
RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMY” or the “Company”), is pleased to introduce the RecycLiCo™ Patented Process – an innovation of RecycLiCo Battery Materials for recycling cathode materials from spent lithium-ion batteries.
“As pioneers in the advanced lithium-ion battery recycling market, RecycLiCo Battery Materials and its RecycLiCo™ Patented Process aim to promote a circular economy for the lithium-ion battery supply chain and set the standard for high recovery and purity of cathode materials from spent lithium-ion batteries,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials.
With the increasing “electrification of everything,” the demand for mined battery raw materials has tightened the lithium-ion battery supply chain even as the end-of-life of first-generation hybrid and electric vehicles raised questions about the adverse environmental impact of spent lithium-ion batteries. RecycLiCo Battery Materials was early in recognizing these growing problems, and adapted its Intellectual Property focus to transform these problems into huge opportunities with their patented lithium-ion battery recycling process.
RecycLiCo™ is the culmination of this process, as the Company finds it important, for investors and potential business partners, to distinguish the Company’s mining assets from its breakthrough lithium-ion battery recycling innovation.
The RecycLiCo™ Patented Process is currently being tested on a pilot plant scale and has achieved high extraction results as announced by the Company’s April 12, 2019 Press Release. Following completion of the pilot plant project, RecycLiCo Battery Materials plans to commercialize its operation with a joint venture partner or via licensing agreements.
“I am extremely proud of RecycLiCo Battery Materials’s innovative growth and foresight into expanding markets. We plan to keep investors and potential business partners informed of our exciting developments with the RecycLiCo™ Patented Process,” said Mr. Reaugh.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing steps. RecycLiCo Battery Materials aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent 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.