RecycLiCo and Nanoramic Collaboration Selected for Award Negotiations Under the DOE Advanced Energy Manufacturing and Recycling Grant Program

Rhea-AI Summary

RecycLiCo Battery Materials Inc. (TSX.V: AMY, OTCQB: AMYZF, FSE: ID4) partners with Nanoramic Laboratories for the DOE Advanced Energy Manufacturing and Recycling Grant Program. The collaboration aims to promote sustainable lithium-ion battery recycling and upcycling, with positive laboratory test results showcasing the efficiency of RecycLiCo's advanced recycling process.

Positive

• RecycLiCo partners with Nanoramic for the DOE Advanced Energy Manufacturing and Recycling Grant Program, showcasing a commitment to sustainable practices in the lithium-ion battery industry.
• Positive laboratory test results demonstrate the efficiency of RecycLiCo's advanced recycling process in treating Nanoramic's NMP-free and PVDF-free electrodes, reducing processing steps and resource consumption.

Negative

• None.

SURREY, British Columbia and WAKEFIELD, Mass., Dec. 06, 2023 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo”), listed on TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, a leader in sustainable lithium-ion battery recycling, and Nanoramic Laboratories (“Nanoramic”), a leader in innovative energy storage technology, are pleased to announce that the DOE Advanced Energy Manufacturing and Recycling Grant Program has selected Nanoramic for award negotiations with RecycLiCo as a partner and collaborator on the grant. This partnership marks another step forward in promoting sustainable practices in the lithium-ion battery industry.

RecycLiCo’s technology is focused on the recycling and upcycling of lithium-ion battery waste into battery-grade products, such as lithium chemicals and precursor cathode active material (pCAM). This process is in sync with Nanoramic’s expertise in electrode production, paving the way for a circular economy in battery manufacturing. Under this collaboration, RecycLiCo will process production scrap from Nanoramic's demonstration line, aiming to produce pCAM and lithium chemicals that adhere to Nanoramic’s battery-grade specifications, ready for use in new battery manufacturing.

Recent laboratory test results (link here) from the ongoing collaboration between RecycLiCo and Nanoramic have shown positive results. RecycLiCo’s advanced recycling process efficiently treats Nanoramic's NMP-free and PVDF-free electrodes, reducing processing steps and resource consumption. A notable achievement is the ability to separate the cathode material from aluminum foil more quickly and without chemical additives, enhancing environmental friendliness and streamlining RecycLiCo’s core technology.

For more details on the DOE Advanced Energy Manufacturing and Recycling Grant Program, please visit: https://www.energy.gov/mesc/advanced-energy-manufacturing-and-recycling-program-selections

About RecycLiCo

RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries.

About Nanoramic

Nanoramic^® Laboratories is an industry-leading energy storage and advanced materials company that has developed an innovative electrode technology, Neocarbonix^® at the Core. Nanoramic is commercializing this technology to transform energy storage for electric vehicles: increasing energy density and longevity, while reducing costs. Nanoramic is backed by 14 years of research with over 200 granted and pending patents. Today, Nanoramic works with some of the largest automakers and battery manufacturers to develop and commercialize batteries made with Neocarbonix^® at the Core. Founded in 2009 out of MIT, Nanoramic is the exclusive designer, manufacturer, and licenser of Neocarbonix^® at the Core electrodes and FastCap^® Ultracapacitors. See www.nanoramic.com.

For more information, please contact:

Teresa Piorun

Senior Corporate Secretary
Telephone: 778-574-4444
Email: InvestorServices@RecycLiCo.com

Julie Ross

Chief Financial Officer
Telephone: 857-220-8481
Email: julie@nanoramic.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

FAQ

What is the partnership between RecycLiCo and Nanoramic for?

The partnership aims to promote sustainable lithium-ion battery recycling and upcycling through the DOE Advanced Energy Manufacturing and Recycling Grant Program.

What are the ticker symbols for RecycLiCo Battery Materials Inc.?

The ticker symbols for RecycLiCo are TSX.V: AMY, OTCQB: AMYZF, and FSE: ID4.

What are the goals of RecycLiCo's technology?

RecycLiCo's technology focuses on the recycling and upcycling of lithium-ion battery waste into battery-grade products, such as lithium chemicals and precursor cathode active material (pCAM).

What are the positive laboratory test results from the collaboration between RecycLiCo and Nanoramic?

The laboratory test results demonstrate the efficiency of RecycLiCo's advanced recycling process in treating Nanoramic's NMP-free and PVDF-free electrodes, reducing processing steps and resource consumption.