Advances in Battery Recycling, Manganese Processing, and Gold-Copper-Rare Earth Spin-out
AMY Progresses U.S. Department of Energy/Critical Materials Institute Project; Receives U.S. Department of Defense Grant and Canadian Government Funding
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to provide 2020 company and industry highlights in lithium-ion battery recycling, manganese processing, mining exploration, and financing that have put RecycLiCo Battery Materials in a strategic position for 2021.
Lithium-ion Battery Recycling (RecycLiCo™) Highlights:
- Achieved 99.7% extraction of lithium, nickel, manganese, and cobalt from lithium-ion cathode material during pilot plant leach tests
- Received funding from National Research Council of Canada Industrial Research Assistance Program for the project, Synthesis of Cathode Material Precursors from Recycled Battery Scrap
- Acquired specialized cathode precipitation reactor to advance the production of recycled cathode material
- Increased processing capacity of pilot plant pre-leach stage by 356% to 292kg/day of lithium-ion battery cathode material
- Announced conceptual commercial recycling plant layout with a proposed processing capacity of 3 tonnes/day
- Achieved 99.72% purity from recycling tests on electric vehicle battery materials from the U.S. Department of Energy and Critical Materials Institute Project
Manganese Process Highlights:
- United States Defense Logistics Agency awarded AMY a grant to perform work on the U.S. Government’s strategic National Defense manganese stockpile located near Wenden, Arizona
- Approximately 550 pounds of manganese samples from Wenden Stockpile received for the bench-scale testing project using RecycLiCo Battery Materials’s patented manganese process
- Executive Order signed by the President of the United States, declaring a National Emergency to expand domestic mining industry for critical minerals such as manganese, for which the United States is 100% import-dependent.
Gold, Copper, and Rare Earth Exploration Highlights:
- Proposed spin-out of BC gold, copper, and rare earth mineral claims into a new company to maximize shareholder value
- Filed NI 43-101 technical summary report on Rocher DeBoule gold and copper property
Financing Highlights:
- 116% year-to-date increase in share price (Current: $0.40 and 52-week range: $0.10 – $0.72)
- Raised $1,542,954 at $0.20 per unit in a non-brokered private placement
- Raised $125,040 in flow-through units at $0.24 per unit in a non-brokered private placement
“2020 has been a year for the history books as we have all been faced with incredibly challenging times. I’m proud of our team and investors who have shown resilience and support as we worked to advance our technology on multiple fronts and contribute to domestic and circular supply chains,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “We wish everyone a prosperous New Year from all of us at RecycLiCo Battery Materials.”
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
Share This Story, Choose Your Platform!
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.
