06:49:04 EDT Thu 02 May 2024
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Recyclico Battery Materials Inc
Symbol AMY
Shares Issued 262,994,127
Close 2023-12-05 C$ 0.265
Market Cap C$ 69,693,444
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Recyclico partner selected for DOE award negotiations

2023-12-06 09:26 ET - News Release

Ms. Teresa Piorun reports

RECYCLICO AND NANORAMIC COLLABORATION SELECTED FOR AWARD NEGOTIATIONS UNDER THE DOE ADVANCED ENERGY MANUFACTURING AND RECYCLING GRANT PROGRAM

The DOE Advanced Energy Manufacturing and Recycling Grant Program has selected Nanoramic Laboratories for award negotiations with Recyclico Battery Materials Inc. as a partner and collaborator on the grant. This partnership marks another step forward in promoting sustainable practices in the lithium-ion battery industry.

Recyclico's technology is focused on the recycling and upcycling of lithium-ion battery waste into battery-grade products, such as lithium chemicals and precursor cathode active material (pCAM). This process is in sync with Nanoramic's expertise in electrode production, paving the way for a circular economy in battery manufacturing. Under this collaboration, Recyclico will process production scrap from Nanoramic's demonstration line, aiming to produce pCAM and lithium chemicals that adhere to Nanoramic's battery-grade specifications, ready for use in new battery manufacturing.

Recent laboratory test results from the continuing collaboration between Recyclico and Nanoramic have shown positive results. Recyclico's advanced recycling process efficiently treats Nanoramic's NMP-free (N-methyl-2-pyrrolidone) and PVDF-free (polyvinylidene difluoride) electrodes, reducing processing steps and resource consumption. A notable achievement is the ability to separate the cathode material from aluminum foil more quickly and without chemical additives, enhancing environmental friendliness and streamlining Recyclico's core technology.

About Recyclico Battery Materials Inc.

Recyclico Battery Materials 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.

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