Ms. Teresa Piorun reports

RECYCLICO RECEIVES APPROVAL FROM TAIWAN DEPARTMENT OF INVESTMENT REVIEW FOR BATTERY RECYCLING JOINT VENTURE

Recyclico Battery Materials Inc. has received investment approval from the Taiwan Department of Investment Review for its 50/50 joint venture with Zenith Chemical Corp. The joint venture company, named Recyclico Zenith Battery Materials Technology Co., solidifies a significant partnership in the company's expansion within the Asian market.

Following the comprehensive and thorough approval process by the Taiwan Department of Investment Review, Recyclico has committed to an initial capital injection of 24 million new Taiwan dollars. This initial investment lays the foundation for the project, with subsequent investments to be determined by the joint venture company as needed throughout the construction and commissioning phases.

The joint venture has initiated its project planning, with Zenith Chemical leading the site preparation work in Taiwan and Recyclico is concurrently preparing a 2,000-million-tonne-per-year modular plant in Vancouver. This modular plant is pivotal to the project and is intended to be transported to Taiwan for the final commissioning. The advanced battery recycling technology employed by the joint venture will be capable of processing black mass into high-value products, such as battery-grade lithium chemicals and precursor cathode active material (pCAM), thus positioning the joint venture at the forefront of advanced battery recycling solutions.

The project is expected to contribute to the company's global expansion in sustainable recycling solutions. Moreover, the modular construction approach of the plant allows for flexible scalability, enabling the joint venture to efficiently expand its capacity in response to the growing Asian battery recycling market.

About Recyclico Battery Materials Inc.

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-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.

We seek Safe Harbor.