RecycLiCo Battery Materials Announces Zarko Meseldzija to Step Down from CEO and Board Positions

Rhea-AI Summary

RecycLiCo Battery Materials Inc. announced the resignation of Zarko Meseldzija as CEO and member of the Board of Directors. The company is searching for a successor to lead its growth phase in sustainable lithium-ion battery recycling technology. Mr. Meseldzija will assist with the transition process until February 29, 2024, with no expected adverse impact on the company's operations.

SURREY, British Columbia, Jan. 23, 2024 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, announced today that Zarko Meseldzija will be stepping down from his roles as Chief Executive Officer of the Company and as a member of the Company’s Board of Directors.

The Board has begun searching for a successor to lead the Company in its growth phase to become a leading supplier of sustainable lithium-ion battery recycling technology. Mr. Meseldzija will remain with the Company through February 29, 2024 and will be assisting with the transition process, which is not expected to have any adverse impact on the Company’s project timelines or day-to-day operations.

Paul Hildebrand, the Chairman of the Board said, “Zarko has been an integral part of RecycLiCo's journey. We are grateful for his service and wish him well in his future endeavors.”

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.

For more information, please contact:

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

Who is stepping down from their roles at RecycLiCo Battery Materials Inc.?

Zarko Meseldzija is stepping down as Chief Executive Officer and a member of the Board of Directors.

What is the ticker symbol for RecycLiCo Battery Materials Inc.?

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

When will Zarko Meseldzija be assisting with the transition process?

Mr. Meseldzija will remain with the company through February 29, 2024.

What impact is expected on the company's operations due to the transition?

No adverse impact is expected on the company's project timelines or day-to-day operations.

Who will be searching for a successor to lead RecycLiCo?

The Board of Directors will be searching for a successor to lead the company in its growth phase.

What is the focus of RecycLiCo's growth phase?

The focus is on becoming a leading supplier of sustainable lithium-ion battery recycling technology.