RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), a global leader in sustainable lithium-ion battery recycling technology, is pleased to report the results of its 2023 Annual General and Special Meeting. Shareholders approved of all matters put before them, including: (a) the reappointment of DeVisser Gray, Chartered Accountants as auditors of the Company for the next fiscal year; (b) the adoption of the Omnibus Equity Incentive Plan; and (c) the Change of Business, whereby the Company will be listed on the TSX Venture Exchange as a Technology Issuer instead of a Mining Issuer.
The motion to increase the board of directors to six members was not approved by shareholders.
Edward Skoda, who has served as a director of the Company since 2013, stepped down before the meeting and did not stand for re-election. The Company’s board of directors (the “Board”) and management thank Mr. Skoda for his many years of service.
The remaining nominees – Zarko Meseldzija, Shaheem Ali, Andris Kikauka, Paul Hildebrand, and Rod Langtry – will form the Board, except for Mr. Ali who resigned from his position as director at the meeting. The newly constituted Board has appointed Richard Sadowsky to the seat vacated by Mr. Ali.
Mr. Sadowsky is a lawyer and consultant based in New York with several decades of experience in complex transactions and investment banking. He was previously the acting CEO of Voltari Corporation (a NASDAQ-listed company) and a partner of SNR Denton (Dentons) and Rubin Baum LLP. Mr. Sadowsky also worked as an investment banker with CIBC World Markets, stationed in New York.
About RecycLiCo
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries.
For more information, please contact:
Investor Services
Telephone: 778-574-4444
Email: InvestorServices@recyclico.com
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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.
