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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. has announced its participation in two significant conferences: the E-Waste World Conference on November 30, 2021, and Benchmark Mineral's Battery Sustainability Summit on December 8, 2021. At these events, CTO Zarko Meseldzija will showcase the company's patented RecycLiCo lithium-ion battery recycling process, which aims to enhance the battery supply chain by promoting sustainability.
American Manganese is focused on recycling lithium-ion battery waste into high-value materials, achieving up to 99% extraction of key metals.
American Manganese Inc. has received a Notice of Allowance from the Canadian Patent Office for its lithium-ion battery recycling technology, RecycLiCo™. This marks a significant development as the patent will join existing patents in the U.S., South Korea, and Japan. The RecycLiCo™ process is designed to achieve 100% extraction of key metals like cobalt and lithium from various cathode chemistries. The issuance of this patent is timely, aligning with the Canadian government's push for electric vehicle advancements. AMY is also pursuing patent applications in China, Europe, Australia, and India.
American Manganese Inc. (AMYZF) announced amendments to 3,600,000 stock options. The exercise price for 1,000,000 options from February 16, 2021, is reduced from $1.99 to $1.00, while for 2,600,000 options from February 17, 2021, it drops from $2.63 to $1.00. All terms remain unchanged. These amendments are subject to TSX Venture Exchange approval and will benefit the company by aligning options with current market conditions.
American Manganese Inc. (AMYZF) successfully completed its project scope for the Wenden Stockpile Reclamation and Advanced Material Processing project, submitting a final report to the U.S. Defense Logistics Agency (DLA). Initiated in December 2020, the project confirmed the economic viability of processing the 350,000 short dry tons of manganese material from the Wenden Stockpile. Key outcomes include enhanced process efficiencies and production of electrolytic manganese metal without toxic additives. The report highlights the need for further studies to achieve commercial-scale operations.
American Manganese Inc. (AMYZF) has appointed Dr. Paul Hildebrand as a director, bringing over 40 years of legal experience and a doctorate in economics. Dr. Hildebrand, previously a director from 2007 to 2013, has been granted 400,000 stock options at an exercise price of $0.80 per share, expiring in five years. CEO Larry Reaugh highlights Dr. Hildebrand's litigation expertise as valuable for the company. American Manganese focuses on recycling lithium-ion batteries through its RecycLiCo™ process, aiming for high extraction rates and environmental sustainability.
American Manganese Inc. (AMYZF) announced significant updates regarding its RecycLiCo demonstration plant, which targets upcycling lithium-ion battery waste. Since the project’s initiation in March 2021, a $2.7 million contract with Kemetco Research has facilitated progress in design and equipment acquisition, aiming for a processing capacity of 500 kg/day. The company successfully completed a $20 million private placement, enhancing its financial positioning. The demonstration plant is geared towards attracting collaboration with potential industry partners to advance commercial recycling capabilities.
American Manganese Inc. has successfully produced lithium sulfate with 99.99% purity using its patented RecycLiCo process. The bulk sample was dispatched to an international lithium producer to validate this achievement. The process allows for over 99% extraction efficiency from lithium-ion battery scrap, producing valuable materials for battery manufacturing. The company aims to meet the needs of the green lithium market as it emphasizes environmental benefits and the importance of upcycled lithium for battery production.
American Manganese Inc. has successfully completed a private placement with institutional investors, raising approximately C$20 million. This placement involves the issuance of up to 20 million common shares and warrants at a price of C$1.00 per share. Each warrant allows for the purchase of one common share at an exercise price of C$1.25, valid for three years. Proceeds from the placement are designated for working capital and corporate purposes. The offering complies with regulatory frameworks, excluding Canadian investors and adhering to U.S. securities law exemptions.
American Manganese Inc. has announced a private placement of common shares and warrants, aiming to raise approximately Cdn$20 million. The company plans to issue up to 20 million shares at Cdn$1.00 each, with warrants priced at Cdn$1.25 for purchase of additional shares within three years. The proceeds will be allocated for working capital and corporate purposes. The closing date is expected around October 4, 2021, pending regulatory approvals. The placement agent, A.G.P./Alliance Global Partners, will receive a 7% commission on proceeds and additional warrants.
American Manganese Inc. (AMYZF) has reported successful upcycling of lithium-ion battery black mass into NMC-811 cathode precursor using its RecycLiCo™ process. This follows earlier success with NMC-622. Lab tests confirmed over 99% leach extraction efficiency for key metals, demonstrating the process's flexibility and efficiency. The black mass was sourced from an electric vehicle manufacturer, underscoring the company's capability to meet the rising demand for next-generation battery materials. This advancement marks a step towards strengthening partnerships in the electric vehicle sector.
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