Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMI” or the “Company”), (TSX.V: AMY; OTCQB: AMYZF; FSE: ID4), is pleased to announce that the Company has received a second progress report from Kemetco Research Inc. (Kemetco) on recycling lithium – cobalt cathode materials essential to the production of lithium-ion batteries.
In Phase 1 of the work program, Kemetco used the Company’s proprietary process to conduct several leach tests on lithium-cobalt cathode materials with a range of conditions. Kemetco was able to extract 100% of the lithium and cobalt from the cathode powders, which thus provided the necessary amount of filtrate for the next step of the process, metal precipitation tests.
In Phase 2 of the work program, initial single-pass sequential cobalt /lithium precipitation tests were performed, yielding cobalt recoveries of up to 91% and lithium recoveries of up to 60% respectively. However, Mr. Norman Chow, President of Kemetco, says that “With additional future lock cycle test work, lithium recovery should approach at least 90%.”
The purity of the cobalt and lithium precipitates exceeded 99% for each.
Mr. Reaugh says, “The results achieved to-date is about what we expected.” He goes on to say, “The focus of the final Phase 3 of the work program that is now underway is to recombine the cobalt and lithium precipitates to regenerate a lithium-cobalt cathode material suitable for confirmation testing in a coin-sized rechargeable battery.”
About Kemetco Research Inc.
Kemetco Research Inc. is a privately owned contract research and development company specializing in extractive metallurgy, chemical processing and specialty chemical analysis. It was formed after the acquisition of the industrial process division of B.C. Research, which had been in operation for over 60 years as a research and development contractor in British Columbia.
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 March 31, 2016 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.