RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that the Japanese Patent Office has issued Patent No. 6906060, for the company’s closed-loop lithium-ion battery upcycling process, RecycLiCo™. The Japanese Patent joins already issued patents in the United States (U.S. Patent No. 10246343 and U.S. Patent No. 10308523) and South Korea (Patent No. 10-2246670). The Company has also filed National Phase Patent Applications for China, Europe, Australia, India, and Canada.
The patent provides coverage for AMY’s novel closed-loop method for achieving up to 100% extraction of cobalt, nickel, manganese, aluminum, and lithium from the treatment of several cathode chemistries such as lithium-cobalt oxide (LCO), lithium-nickel-manganese-cobalt oxide (NMC), and lithium-nickel-cobalt-aluminum oxide (NCA). Most of the electric vehicle market uses NMC and NCA cathode chemistries, while LCO cathodes are used in smaller portable electronics.
Compared to traditional hydrometallurgical recycling processes, the Company’s patented closed-loop process offers advantages such as faster reaction rates, lower consumption of acids, improved water balance, and higher leaching efficiency.
“As we move towards our goal of commercialization, we are reminded by the foundation of patents that supported our growth in battery recycling and we are honoured to be issued another patent by a country that is one of the world leaders in battery innovation,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials, “Innovation is at the core of our company and as a pioneer in battery recycling we continue to monitor new lithium-ion battery technologies and opportunities.”
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.