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 Kemetco Research Inc. (Kemetco) has successfully extracted nickel, manganese, cobalt and lithium from an NMC cathode material chemistry using AMI’s proprietary hydrometallurgical process.
Seven leach tests were conducted with a range of conditions. Extractions of 100% for nickel, manganese, cobalt and lithium were achieved from cathode powders used in lithium-ion batteries. The time required to extract these metals ranged from 30 to 120 minutes, depending on the leaching conditions.
“These results demonstrate the potential for AMI’s proprietary hydrometallurgical process to recycle spent cathode materials from NMC chemistries.” says Mr. Reaugh. “Precipitation test work is underway to determine recoveries of the individual metals. The test data from the successful leach will form part of the intellectual property for which AMI intends to protect for the recycling of high value metals from lithium-ion battery cathode materials of multiple chemistries – including, but not limited to: Nickel, Manganese, Cobalt, and Lithium.”
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.
The company has created a new PowerPoint which can be viewed here.
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.