RecycLiCo Battery Materials Delivers Battery-Grade Lithium Carbonate and Lithium Hydroxide to Battery Manufacturers in Japan and South Korea

Rhea-AI Summary

RecycLiCo Battery Materials Inc. has announced the delivery of samples of its battery-grade lithium carbonate and lithium hydroxide to top battery manufacturers in Japan and South Korea. These companies will conduct a technical review and explore potential partnerships. RecycLiCo's products are produced using a closed-loop process, ensuring high purity without conventional methods, positioning them as a sustainable alternative. Independent assessments indicate that these recycled lithium products significantly reduce energy and water usage while lowering greenhouse gas emissions compared to traditional methods. RecycLiCo aims to contribute to a low-carbon future.

Positive

• Delivery of lithium samples to leading manufacturers in Japan and South Korea may enhance partnership opportunities.
• RecycLiCo's products meet stringent industry purity standards, presenting a reliable alternative to traditional lithium sources.
• Closed-loop production process significantly reduces environmental impact by lowering energy, water usage, and greenhouse gas emissions.

Negative

• None.

SURREY, British Columbia, Jan. 19, 2023 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. ("RecycLiCo" or "Company"), a battery materials company focused on the development of novel lithium-ion battery recycling and upcycling technologies, announces that it has delivered samples of its battery-grade lithium carbonate and lithium hydroxide to battery manufacturers in Japan and South Korea. The companies, which are among the top manufacturers in the region, will conduct a technical review of the lithium products and explore potential business partnership opportunities with RecycLiCo.

RecycLiCo's recycled lithium products are produced using a closed-loop process that recovers lithium from end-of-life batteries and battery production scrap. The Company's lithium products have been produced to the stringent purity standards of the battery industry without the use of conventional purification methods, making them a reliable and sustainable alternative to traditional sources of lithium.

"We are excited to showcase our recycled lithium products to leading battery manufacturers in Japan and Korea,” commented Zarko Meseldzija, CEO and Director of RecycLiCo Battery Materials Inc. “We believe that our products have the potential to make a significant impact on the lithium market and help address the growing demand for sustainable sources of this critical material."

RecycLiCo is committed to helping reduce the environmental impact of lithium mining and production. As validated by an independent Life Cycle Assessment, the company's recycled products use significantly less energy and water compared to traditional methods and generate meaningfully fewer greenhouse gas emissions.

"We are proud to be leading the way in the development of sustainable lithium products," said Mr. Meseldzija. "We believe that our recycled lithium has the potential to play a key role in the transition to a low-carbon future."

About RecycLiCo Battery Materials

RecycLiCo Battery Materials Inc. is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.

For more information, please contact:

Investor Services
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

What did RecycLiCo announce on January 19, 2023?

RecycLiCo announced that it has delivered samples of its battery-grade lithium products to manufacturers in Japan and South Korea.

What is the significance of RecycLiCo's lithium carbonate and lithium hydroxide samples?

These samples are intended for technical review by top battery manufacturers, which could lead to potential partnerships.

How does RecycLiCo's process impact the environment?

Their closed-loop process uses significantly less energy and water and generates fewer greenhouse gas emissions compared to traditional lithium production.

What are the benefits of RecycLiCo's recycled lithium products?

The products meet strict purity standards and provide a sustainable alternative to conventional lithium sources.

What are RecycLiCo's long-term goals regarding lithium production?

RecycLiCo aims to support the transition to a low-carbon future through sustainable lithium recycling.