RecycLiCo Battery Materials Inc. Granted European Unitary Patent for Innovative Lithium-Ion Battery Recycling Process

Rhea-AI Summary

RecycLiCo Battery Materials Inc. (TSX.V: AMY, OTCQB: AMYZF) has been granted a European Unitary Patent for its innovative lithium-ion battery recycling process. This marks the company's 16th patent globally, reinforcing its intellectual property portfolio in Europe, a key market for electrification and sustainable battery technologies.

The patent (Application No. 17870326.0) covers RecycLiCo's hydrometallurgical recycling solution, adding to existing patents in the United States, South Korea, Japan, China, India, Australia, and Canada. This recognition highlights RecycLiCo's leadership in sustainable battery recycling and aligns with Europe's environmental objectives.

Positive

• Granted European Unitary Patent for lithium-ion battery recycling process
• 16th patent issued globally, expanding intellectual property portfolio
• Strengthens position in key European market for sustainable battery technologies

Negative

• None.

SURREY, British Columbia, July 15, 2024 (GLOBE NEWSWIRE) --

RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, a leader in sustainable lithium-ion battery recycling technology, is pleased to announce the registration of the European Unitary Patent (Patent Application No. 17870326.0) for its pioneering hydrometallurgical recycling solution. This patent grant solidifies the Company’s intellectual property portfolio in Europe, a key market focused on electrification and sustainable battery technologies.

This patent is the 16th issued globally for RecycLiCo, complementing existing patents in the United States, South Korea, Japan, China, India, Australia, and Canada. The recognition of RecycLiCo’s cutting-edge technology underscores the Company’s leadership in the sustainable battery recycling sector, aligning with Europe’s ambitious environmental goals.

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

What patent did RecycLiCo Battery Materials (AMYZF) receive in Europe?

RecycLiCo Battery Materials (AMYZF) received a European Unitary Patent (Application No. 17870326.0) for its hydrometallurgical lithium-ion battery recycling process on July 15, 2024.

How many patents does RecycLiCo Battery Materials (AMYZF) now hold globally?

With the new European Unitary Patent, RecycLiCo Battery Materials (AMYZF) now holds 16 patents globally for its lithium-ion battery recycling technology.

In which countries does RecycLiCo Battery Materials (AMYZF) have patents for its recycling technology?

RecycLiCo Battery Materials (AMYZF) has patents in the United States, South Korea, Japan, China, India, Australia, Canada, and now across Europe with the Unitary Patent.

How does the new European patent benefit RecycLiCo Battery Materials (AMYZF)?

The European Unitary Patent strengthens RecycLiCo's (AMYZF) intellectual property portfolio in Europe, a key market for electrification and sustainable battery technologies, reinforcing its leadership in the sustainable battery recycling sector.