Specialized Equipment Installed and Prepared for Testing
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report that the Company’s contract research lab, Kemetco Research, has installed and prepared the recently received specialized equipment for continued optimization on the Company’s lithium-ion battery recycling pilot plant project. RecycLiCo Battery Materials’s goal for these engineering upgrades is to further increase process capacity, without sacrificing the high recovery of lithium, nickel, cobalt, manganese, and aluminum. Analysis of results to be reported as received.
“We believe our investment in continued improvements advances our business opportunities with global leaders in the lithium-ion battery industry who share our vision,” said Larry W. Reaugh, President and CEO of RecycLiCo Battery Materials. “We look forward to expanding these potential opportunities into joint ventures and the licencing of the RecycLiCo process.”
RecycLiCo Battery Materials has developed the patented RecycLiCo™ process that offers a closed-loop and environmentally friendly solution for the recycling of lithium-ion battery cathode materials. The process achieves up to 99% recovery and high purity of materials such as lithium, cobalt, nickel, manganese, and aluminum. The RecycLiCo™ process was designed with the goal to produce recycled battery products that could be seamlessly integrated into the re-manufacturing of battery cathodes with minimal processing steps.
Mr. Reaugh added, “I’m excited to report on this next stage of optimization tests because I’m confident in Kemetco’s expertise and the RecycLiCo patented process.”
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
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.