Pre-Treatment of Cathode Feedstock and Leach of Cathode Active Material
Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMY” or the “Company”), is pleased to announce the successful completion of stages 1 and 2 of the Company’s lithium-ion battery recycling pilot plant operations. Stages 1 and 2 include the pre-treatment of feedstock material and a leach of the cathode active material. The following links shows pictures of the pilot plant and the products of stage 1 and 2 operations.
“It is exciting to see our patent-approved process demonstrated on a pilot scale. The successful replication of the lab-scale operations in a larger continuous closed-circuit operation not only is the first step towards commercialization, but also provides key evidence that the company’s lithium-ion battery recycling technology is economically sound,” said Mr. Reaugh. “The selected NMC-622 cathode feedstock, valued at US$16.25/kg, is processed at an estimated reagent cost of US$1/kg.”
Kemetco will continue to process select samples of cathode material feedstock as they prepare for the remaining stages of the pilot plant operations referred to in the Company’s February 7, 2019 press release.
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 metal company with a patented process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination of reagents and unit operations, AMY can provide 100% extraction of cathode metals at battery grade purity. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s Dec 14, 2018 Business Plan (“CBP”) 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.