Mr. Zarko Meseldzija reports

RECYCLICO BATTERY MATERIALS SECURES TWO ADDITIONAL PATENTS IN JAPAN AND AUSTRALIA FOR BATTERY RECYCLING

The Australian Patent Office and Japanese Patent Office have issued patent No. 2020237451 and No. 7341598 for Recyclico Battery Materials Inc.'s lithium-ion battery recycling process. The two patents issued bring Recyclico's patent portfolio to 10 granted patents and an additional six applications for battery recycling around the globe. This is Recyclico's second patent granted in both regions.

Securing patents for the company's innovative technology on a global scale is pivotal to fortifying its commercial business model and facilitating the widespread deployment of the company's Recyclico solution. These patents not only provide legal protection for the company's intellectual property but also create a formidable moat of knowledge and expertise in the company's field. This strategic emphasis on intellectual property and technological know-how ensures that Recyclico maintains a competitive advantage, fostering sustained growth and allowing the company to stay at the forefront of its industry as Recyclico commercializes its process.

The granted patent encompasses the following enhanced developments to the company's Recyclico process:

• Separation of graphite and carbon from ground battery concentrates: Ground battery concentrates, or black mass as it is known in the industry, is a waste product generated through the mechanical shredding of end-of-life batteries. Within black mass lie precious metals, including cobalt, nickel, lithium, and manganese. In terms of volume, Fastmarkets predicts that the black mass market will experience growth from 468,000 tonnes in 2023 to 753,000 tonnes by 2025. This underscores the vital need for the Recyclico process to handle both battery production scrap and black mass material.
• Treatment of fluoride originating from electrolyte solution: The electrolyte is a highly toxic and hazardous lithium-ion battery material found in some black mass materials. If not treated, it could lead to complications in downstream recycling functions and environmental damage.
• Separation of aluminum from cathode active material: It is estimated by Benchmark Minerals that by 2025, 78 per cent of recyclable material feedstock will come from production scrap generated from the manufacturing of lithium-ion batteries. Lithium-ion battery manufacturing includes coating cathode active material containing lithium, nickel, manganese and cobalt to an aluminum foil to form the cathode electrode. This manufacturing process can result in off-spec cathodes that are scrapped as waste, which the Recyclico process can treat to produce high-quality cathode materials for battery remanufacturing.

"We are pleased to add these patents to our portfolio as we continue to build on commercial partnerships that use our novel process," said Zarko Meseldzija, chief executive officer of Recyclico Battery Materials.

Recyclico will be holding its annual and special meeting of shareholders on Oct. 31, 2023, at 11 a.m. The meeting will be held in the office at 17942 55th Ave., Unit No. 2, Surrey, B.C., V3S 6C8, Canada. All shareholders are invited to attend.

About Recyclico Battery Materials Inc.

Recyclico is a battery material company specializing in sustainable lithium-ion battery recycling and material 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-per-cent 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 remanufacturing of new lithium-ion batteries.

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