RecycLiCo Battery Materials Engages Fusion Projects to Assist with Site Selection for New Laboratory and Demonstration Plant

Rhea-AI Summary

RecycLiCo Battery Materials (AMYZF) has engaged Fusion Projects, an industrial workplace project manager, to assist in evaluating potential locations in Vancouver for a new laboratory and demonstration plant. The project involves assessing existing infrastructure and providing recommendations for electrical and mechanical systems needed for laboratory facilities and plant operations.

This initiative is part of RecycLiCo's broader strategy to enhance its technological capabilities and increase opportunities for grants and cooperative funding. The company is also expanding its team by hiring additional scientific and engineering staff to protect and further develop its lithium-ion battery recycling technology.

Positive

• Investment in new laboratory and demonstration plant infrastructure
• Expansion of scientific and engineering staff
• Strategic partnership with experienced industrial project manager

Negative

• None.

SURREY, British Columbia, March 25, 2025 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4), a pioneer in the field of lithium-ion battery recycling technology, is pleased to announce that it has engaged Fusion Projects, a leading industrial workplace project manager, in connection with the continuing evaluation of potential locations in the Vancouver area for a new laboratory and demonstration plant. Fusion Projects will assist with the assessment of existing infrastructure and provide the Company with recommendations for the electrical and mechanical systems required to build-out laboratory facilities and reassemble and operate the Company’s demonstration plant. This project is part of the Company’s continuing efforts, along with hiring additional scientific and engineering staff, to enhance its ability to protect and further develop its technology and to increase its opportunities to obtain grants and cooperative funding.

“By investing in dedicated lab and plant infrastructure, RecycLiCo is taking another step toward deepening its internal technical resources and supporting long-term growth,” said Richard Sadowsky, RecycLiCo’s Interim Chief Executive Officer. “RecycLiCo remains committed to expanding its scientific, engineering and technical capacity to support our upcycling technology and to continue exploring new ways to deploy our expertise in critical mineral recovery. Establishing and operating our own laboratory and plant facilities is essential and we are delighted to have advice and support from the experienced team at Fusion Projects. With their support, we aim to acquire a suitable site and begin the buildout phase."

About RecycLiCo

RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery upcycling 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. RecycLiCo’s 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 Fusion Projects

Fusion Projects is a Design-Build firm offering comprehensive Project Management and Construction Management services across multiple industries. With a robust ecosystem of architects, designers, consultants, and preferred trades, Fusion Projects provides invaluable expertise to ensure RecycLiCo secures the ideal location for their operations. Fusion Projects is excited to collaborate with RecycLiCo by expertly guiding them through every phase of the project to deliver innovative, cost-effective strategies that perfectly align with their operational goals.

For more information, please contact:

Teresa Piorun
Senior Corporate Secretary
RecycLiCo Battery Materials
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 is the purpose of RecycLiCo's new laboratory and demonstration plant in Vancouver?

The facility will enhance RecycLiCo's internal technical resources, protect and develop its battery recycling technology, and increase opportunities for grants and cooperative funding.

What role will Fusion Projects play in RecycLiCo's (AMYZF) new facility development?

Fusion Projects will evaluate potential locations, assess existing infrastructure, and provide recommendations for electrical and mechanical systems for the laboratory and demonstration plant.

How does the new facility align with RecycLiCo's (AMYZF) growth strategy?

The facility represents an investment in dedicated infrastructure to support long-term growth, deepen internal technical resources, and expand scientific and engineering capabilities.

What are the key components of RecycLiCo's (AMYZF) expansion plan announced in March 2025?

The plan includes establishing a new laboratory and demonstration plant, hiring additional scientific and engineering staff, and enhancing capabilities in critical mineral recovery.