RecycLiCo Battery Materials to Demonstrate Solution for Wenden Stockpile
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce continued recognition of the strategic importance of the Wenden Manganese Stockpile in Arizona and the recently awarded grant to RecycLiCo Battery Materials from the United States Defense Logistics Agency (DLA).
Shortly after DLA selected RecycLiCo Battery Materials for a grant to demonstrate the Company’s ability to process Electrolytic Manganese Metal from low-grade Wenden Stockpile feedstock (October 21, 2020 Press Release), Congressman Paul Gosar (R-AZ) released a letter to U.S. Secretary of Interior David Bernhardt stating:
“I am asking that you work to direct BLM [the Bureau of Land Management] to be prepared to work with DLA/NDS [National Defense Stockpile] in finding a path forward for the potential siting an advanced manganese material processing facility at Wenden. This facility could allow an economical approach that produced a desired environmental outcome, while providing a needed national security material and jump-starting manganese production in the US which ceased in 1973…
This would open the prospect of:
- Using the low-grade Wenden stockpile as feedstock for US-produced EMM [Electrolytic Manganese Metal];
- Producing a reliable source of EMM for both DLA/National Defense Stockpile – and commercial technology markets;
- Ending US 100% manganese import-dependency;
- Reducing reliance on China in the advanced manganese supply chain….;”
Congressman Gosar concluded: “With an EMM processing plant at the Wenden Stockpile site, progressive reclamation/clean-up of the Wenden site would take place, in the context of an ongoing advanced material production facility.”
To read the full press statement from Congressman Gosar on the Potential opportunity involving the Wenden DLA Stockpile – Click Here.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. RecycLiCo Battery Materials aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
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.