RecycLiCo Battery Materials Advances to Lithium Recovery Stage of Demonstration Plant Project
RecycLiCo Battery Materials Inc. has reported significant progress at its hydrometallurgical demonstration plant in Vancouver, achieving a 163% increase in processing capacity and 99% leach extraction efficiency for lithium-ion battery waste. The company continues to advance its patented recycling technologies while preparing for the construction of a commercial-scale plant. Additionally, 2,700,000 stock options have been granted to directors and employees, reinforcing commitment to growth. CEO Zarko Meseldzija highlighted adaptability and potential partnerships in the evolving battery recycling market.
- 163% increase in actual leach processing capacity over planned 500 kg/day.
- 99% leach extraction efficiency achieved for lithium-ion battery cathode waste.
- Advancement to lithium recovery at demo-scale.
- Expansion of feedstock materials for broader market engagement.
- Preparation for commercial-scale plant to meet industry needs.
- None.
SURREY, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or “Company”), formerly American Manganese Inc., a battery materials company focused on the development of novel and environmentally friendly lithium-ion battery recycling and upcycling technologies, and its R&D partner Kemetco Research Inc. (“Kemetco”), is pleased to provide an operational update on the RecycLiCo hydrometallurgical demonstration plant (“the Demo Plant”) in Vancouver, Canada.
Since its commissioning earlier this year, the Demo Plant has verified a
The Company has since achieved similar success in recent impurity removal and co-precipitation stages of ongoing Demo Plant testing. The Demo Plant has now advanced to the next stage of the RecycLiCo patented process to demonstrate lithium recovery at demo-scale.
To serve a broader market and meet the needs of multiple potential partners, the Company will continue testing at the Demo Plant with feedstock materials such as different cathode production scrap and black mass. At the same time, it will be expanding its offering of next-generation, battery-ready cathode precursor and lithium products to supplement RecycLiCo’s current lineup of unique products, which continue to be shipped to potential partners for advanced product qualification and assembly in battery cells.
The Demo Plant is a platform for further expansion and accelerating RecycLiCo’s commercialization strategy. Therefore, in parallel with the Demo Plant’s testing, an engineering study is being prepared for the design and construction of a commercial-scale plant that meets industry needs.
“The build-out and diligent testing of our demo-scale operation has kept pace with the battery recycling market’s demands and enabled us to de-risk our future commercial expansion efforts,” commented Zarko Meseldzija, CEO and Director of RecycLiCo Battery Materials Inc. “This has put us in a favorable position to adapt with the market, collaborate with potential partners in developing next-generation recycling and upcycling solutions that serve a broader market, and to potentially secure long-term partnerships.”
In other news, the Company has granted an aggregate of 2,700,000 stock options to certain directors, officers, and employees in accordance with its stock option plan. The stock options have an exercise price of
About RecycLiCo Battery Materials Inc.
RecycLiCo Battery Materials Inc, formerly American Manganese Inc., is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to
Kemetco Research is a private sector integrated science, technology, and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
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Telephone: 778-574-4444
Email: InvestorServices@amymn.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
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