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About RecycLiCo Battery Materials (AMYZF)
RecycLiCo Battery Materials (AMYZF) is an innovative company operating at the intersection of sustainability, advanced materials, and clean technology. The company specializes in the recycling and repurposing of critical battery materials, such as lithium, cobalt, and nickel, from end-of-life lithium-ion batteries and production scrap. By leveraging proprietary hydrometallurgical technology, RecycLiCo aims to create a closed-loop solution for the battery supply chain, addressing the growing demand for sustainable and ethically sourced materials in the electric vehicle (EV) and renewable energy sectors.
Core Business Model
RecycLiCo's business model is centered on the recovery of high-value materials through an environmentally friendly and cost-effective process. Unlike traditional pyrometallurgical recycling methods, which are energy-intensive and produce significant waste, RecycLiCo's hydrometallurgical approach minimizes environmental impact while achieving high recovery rates of critical metals. The company generates revenue through the sale of recycled materials, licensing its proprietary technology to battery manufacturers, and forming strategic partnerships within the battery ecosystem.
Industry Context and Market Position
RecycLiCo operates in the rapidly expanding battery recycling market, driven by the global transition to electric mobility and renewable energy. The increasing adoption of EVs, coupled with stricter environmental regulations, has created a pressing need for sustainable solutions to manage battery waste and reduce reliance on virgin mining. As part of the circular economy, RecycLiCo addresses these challenges by providing a scalable and sustainable recycling solution. The company's innovative technology and focus on high-purity material recovery position it as a significant player in the battery supply chain.
Competitive Advantages
RecycLiCo differentiates itself through its proprietary recycling technology, which offers several advantages over traditional methods, including:
- High Recovery Rates: Efficient extraction of critical metals like lithium, cobalt, and nickel.
- Environmental Sustainability: A low-carbon process that minimizes waste and energy consumption.
- Cost-Effectiveness: Reduced operational costs compared to conventional recycling methods.
- Scalability: A modular process design that can be adapted to various production scales.
These strengths enable RecycLiCo to meet the needs of a diverse range of stakeholders, including battery manufacturers, EV companies, and policymakers focused on sustainability goals.
Strategic Vision
RecycLiCo's mission aligns with global efforts to create a circular battery economy, where materials are continuously reused to reduce waste and environmental impact. By advancing recycling technology and fostering partnerships across the battery supply chain, the company aims to play a pivotal role in the sustainable energy transition. Its commitment to innovation and environmental stewardship underscores its long-term value proposition in a rapidly evolving market.
American Manganese Inc. (AMYZF) announced that its demonstration plant equipment is ready for commissioning, marking a significant milestone in its recycling process for lithium-ion batteries. The plant will showcase the RecycLiCo process under continuous operating conditions, facilitating the validation of operational efficiencies. The demonstration will initially focus on processing NMC cathode scrap from electric vehicles, targeting a processing capacity of 500 kg/day. AMY aims to produce high-purity materials like nickel-manganese-cobalt hydroxide and lithium carbonate, responding to the growing demand for sustainable battery metals.
American Manganese Inc. has signed a Memorandum of Understanding (MOU) with Zenith Chemical Corporation to expand into Asia's lithium-ion battery recycling market. Zenith, a producer of high-purity nickel sulfate, will assist in producing high-nickel cathode precursors at American Manganese's pilot plant. The collaboration aims to validate material specifications and convert precursors into cathode active materials for testing in lithium-ion batteries. This partnership will leverage Zenith's supply network and American Manganese's patented recycling technology.
American Manganese Inc. provides an update on its demonstration plant project for lithium-ion battery recycling in Greater Vancouver. The plant is nearing operational readiness, with equipment assembly progressing well. Approximately 3,500kg of battery cathode scrap has been received as feedstock, aiming to produce recycled lithium, nickel, manganese, and cobalt products. However, the U.S. Defense Logistics Agency notified the company that they will not pursue the Phase 2 Technical Proposal related to the Wenden Stockpile, despite previous successful project milestones.
American Manganese Inc. (AMYZF) has received a Notice of Allowance from the Chinese Patent Office for its RecycLiCo lithium-ion battery recycling technology. This patent will strengthen AMY's existing portfolio, joining patents in the U.S., South Korea, Japan, India, and pending applications in Canada, Australia, and the EU. Recognized in the world's largest electric vehicle market, this advancement is crucial for AMY's global expansion plans in the innovative battery recycling sector. The company is also progressing on its demonstration plant assembly.
American Manganese Inc. has partnered with Minviro Ltd. to conduct a life cycle assessment (LCA) of its RecycLiCo battery recycling-upcycling process. This assessment aims to quantify the environmental impacts associated with producing cathode precursor material from battery waste, benchmarking against traditional methods. The findings will be reviewed by third-party experts and will support regulatory compliance and informed consumer choices. CEO Larry Reaugh emphasizes the need for environmental responsibility in the lithium-ion battery sector as demand increases.
American Manganese Inc. (AMY) has announced additional funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). This support aims to advance their project, Demonstration of Continuous Recycling of Cathode Material from Lithium-ion Battery Production Scrap, which began in August 2021. The funding will help complete project objectives and indicates progress in developing a sustainable recycling process, RecycLiCo™, which efficiently recycles lithium-ion battery waste.
American Manganese (AMYZF) shares key 2021 highlights in its year-end review, emphasizing progress in lithium-ion battery recycling and advanced material processing. Notable achievements include successful recycling of battery waste into high-purity cathode materials and completion of U.S. Defense Logistics Agency projects with 99% manganese extraction. The company also closed a private placement, raising C$20 million. These advancements position American Manganese favorably for growth in 2022 as it focuses on cleantech and critical battery metals.
American Manganese Inc. has announced the completion of a 6,700 ft2 demonstration facility in Greater Vancouver to advance its RecycLiCo project for lithium-ion battery recycling and upcycling. The facility is set to start operations in February 2022 and will process approximately 500 kg/day of cathode waste. With the ability to recycle over 99% of lithium, nickel, cobalt, and manganese, this facility aims to address the gap in North America's battery supply chain and provide high-value cathode materials to manufacturers.
American Manganese Inc. (AMYZF) has received Patent No. 380826 from the Indian Patent Office for its lithium-ion battery recycling technology. This patent covers essential processes in the RecycLiCo process, allowing up to 100% extraction of lithium, cobalt, nickel, and manganese from lithium-ion battery cathode materials. The Indian automotive market is a significant opportunity, expected to be the third-largest globally by 2030 with ambitious electric vehicle targets. This highlights the potential for establishing a circular battery recycling business model in India.
American Manganese Inc. (AMYZF) has filed National Phase Patent Applications for its RecycLiCo battery recycling process in multiple regions including Europe, South Korea, Canada, India, Australia, Japan, and China. This second patent enhances the processing capabilities for various battery materials, focusing on recovering graphite, treating hazardous fluoride, and separating aluminum from battery manufacturing scrap. The patent aims to address the projected demand for recycling as electric vehicle sales are anticipated to reach 56 million by 2040, highlighting the importance of efficient battery material recovery.
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