Pilot Plant Processing Capacity Increased from 64 kg/day to 160 kg/day of Lithium-ion Battery Cathode Material
CEO: Potential to Reduce Commercial Plant Expenses with Increased Processing Capacity
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report that engineering upgrades with the addition of thermal control of exothermic reactions enabled the lithium-ion battery cathode recycling pilot plant to operate at higher pulp density. As a result of the upgrades, the pilot plant capacity was successfully increased from 64 kg/day to 160 kg/day, without sacrificing the recovery potential of cobalt, lithium, nickel, manganese, and aluminum. Further optimization work is ongoing with the goal of increasing pulp density and the resulting processing capacity further. The Company’s contractor, Kemetco Research, recognized the opportunity to optimize the initial stages of the RecycLiCoTM process before the construction of AMY’s first commercial demonstration plant.
“The optimization findings and ongoing testing will be incorporated in the detailed engineering of the Company’s recently announced conceptual commercial plant layout, which could potentially reduce the estimated expenses,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “I’m impressed with the increase in production capacity that we have achieved with our pilot plant project because at 160 kg/day we are advancing towards commercial recycling potential. Although the pilot plant will not be used for commercial production, it gives me confidence in our ability to scale up to our planned commercial processing capacity of 3 tonnes/day,” Mr. Reaugh continued.
RecycLiCo Battery Materials has expressed interest in commercialization via licensing or joint venture agreements and plans to locate the recycling plant in a strategic location within North America, where it will prepare recycled products suitable for battery manufacturing.
About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
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 high 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
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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.
