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Recyclico Battery Matls (symbol: AMYZF) is a leading company in the recycling of lithium-ion batteries. With a focus on sustainable practices, Recyclico extracts valuable materials from used batteries to reduce waste and environmental impact. The company's state-of-the-art facilities employ cutting-edge technology to recover cobalt, nickel, and other precious metals, contributing to the circular economy. Recyclico's commitment to innovation and eco-friendly solutions has positioned it as a key player in the battery materials industry.American Manganese Inc. (OTCQB:AMYZF) has reported a significant reduction in carbon-dioxide emissions from its RecycLiCo battery recycling process compared to traditional lithium production methods. According to a life cycle assessment conducted by Minviro Ltd., the RecycLiCo process emits only 3.3 kg of CO2 for every kilogram of lithium hydroxide monohydrate produced, compared to 12.7 kg by conventional mining. This reduction could potentially avoid around 40,570 tonnes of CO2 emissions for every 100,000 electric vehicle batteries made using this recycled material.
American Manganese Inc. (AMYZF) has achieved over 99% lithium recovery from LFP battery cathode materials during bench-scale tests, demonstrating its advanced recycling capabilities. This achievement follows prior successes in extracting lithium from various chemistries, including NMC and LMO. The company seeks to expand its market presence amidst rising lithium prices, which have increased by more than 350% year-over-year. With plans to collaborate with strategic partners in the electric vehicle sector, American Manganese aims to enhance its patented recycling process.
American Manganese Inc. (OTCQB:AMYZF) commends the climate-focused Critical Mineral provisions within the recently signed Inflation Reduction Act. The bill introduces a 10% advanced manufacturing production tax credit and allocates over $60 billion to promote renewable energy manufacturing in the U.S. Key elements include tax credits for electric vehicles, contingent on the sourcing of battery materials. The act also emphasizes domestic production of essential battery materials, aligning with American Manganese's patented recycling processes that enhance battery material sustainability.
American Manganese Inc (AMYZF) reported significant progress in its RecycLiCo Battery Materials demonstration plant, achieving 163% of its designed processing capacity of 500 kg/day for lithium-ion battery cathode scraps. This result stems from the effectiveness of the patented process and optimized parameters that will inform the design of a future commercial plant. The company plans to continue sharing updates on the demonstration plant's staged tests, underscoring its commitment to enhancing economic and environmental outcomes in battery recycling.
American Manganese Inc (AMYZF) announced receiving advisory services and funding from the National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP) to conduct a feasibility study. This study will focus on removing fluoride from black mass, a material generated during lithium-ion battery recycling that contains lithium, nickel, and other metals but also harmful impurities like fluoride. The funding will facilitate the optimization of the company's recycling technology, aiming for improved efficiency in processing this material.
American Manganese Inc (TSX.V:AMY, OTCQB:AMYZF, FSE:2AM) held its 2022 Annual General and Special Meeting, where shareholders re-elected directors Larry W. Reaugh, Andris Kikauka, Edward Skoda, Paul Hildebrand, and Zarko Meseldzija for the coming year. The meeting also marked the retirement of Norman Tribe, a director since 2014. A significant resolution was passed to change the company’s name to RecycLiCo Battery Materials Inc., pending TSX Venture Exchange approval. The firm expressed gratitude towards Mr. Tribe for his contributions.
American Manganese Inc (OTCQB:AMYZF) will participate in the UBS Energy Transition Call Series on July 21, 2022, at 11:00 am ET. Zarko Meseldzija, CTO and Director, will share insights on RecycLiCo Battery Materials' technology in lithium-ion battery recycling. The discussion will cover current industry trends, challenges, and opportunities. Pre-registration is required to join the call. American Manganese focuses on recycling lithium-ion battery waste, achieving over 99% extraction of key materials.
American Manganese Inc (OTCQB:AMYZF) announced the results of a life cycle assessment (LCA) conducted by Minviro Ltd on their lithium-ion battery recycling process. The LCA, aligned with ISO standards, shows that the RecycLiCo process significantly reduces environmental impacts compared to traditional methods. Notably, it produces 166% less CO2 equivalent emissions for NMC precursor material. Additionally, it leads to a 35% reduction in emissions compared to mining methods. This highlights RecycLiCo's commitment to sustainability in the battery materials industry.
American Manganese Inc. (OTCQB:AMYZF) plans to change its name to RecycLiCo Battery Materials Inc. during the upcoming annual meeting on July 8, 2022. This change reflects the company’s dedication to its patented RecycLiCo process, which focuses on recycling lithium-ion battery materials. The firm aims to recycle and upcycle battery waste with over 99% extraction efficiency of lithium, cobalt, nickel, and manganese, producing high-value materials for new batteries. The stock symbol will remain as AMY.
American Manganese Inc. (AMY) has commenced testing the first stage of its RecycLiCo™ demonstration plant, focusing on lithium-ion battery cathode production scrap. Designed for a 500 kg/day input capacity, the plant will methodically analyze each processing step to maximize extraction efficiency for lithium, nickel, manganese, and cobalt. CEO Larry Reaugh emphasized that this milestone reinforces their engagement in the lithium-ion battery supply chain and aims to pave the way for a future commercial recycling plant.
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