RecycLiCo Battery Materials regrets to announce that Larry W. Reaugh has passed away today. Mr. Reaugh was the founder of the Company and served as its CEO, President, and Director continuously until his death. He was an accomplished and well-known figure in the mining industry, having successfully developed several mineral properties. He was instrumental in turning the Company’s proprietary hydrometallurgical process from a manganese recovery technique to an innovative battery recycling-upcycling solution, known as the RecycLiCo patented process.
The Company’s board of directors (the “Board”) has made the following appointments, which are effective as of today’s date:
- Zarko Meseldzija, director and CTO, has been appointed interim CEO.
- Shaheem Ali, CFO, has been appointed a director to fill the vacancy on the Board.
- Paul Hildebrand, director, has been appointed interim Chair of the Board.
“Throughout his career, Larry demonstrated great perseverance and resolve,” says Mr. Hildebrand. “His efforts have given the Company an exciting opportunity at the forefront of an emerging green energy field. On behalf of the Board of Directors, I wish to express our condolences to the Reaugh family, and our gratitude for Larry’s hard work for so many years.” says Mr. Hildebrand.
“Having worked side-by-side with Larry for several years, I can confidently say that Larry was a great leader and mentor to many of us,” adds Mr. Meseldzija. “Under his direction, we have grown as a pioneer in the lithium-ion battery recycling industry and our team stands ready to ensure that his vision is carried out, and that the interests of the Company’s shareholders are looked after. Larry will be sincerely missed, and we extend our deepest condolences to the entire Reaugh family.”
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
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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.