PriceSensitive

RecycLiCo (TSXV:AMY) delivers samples to battery manufacturers in Japan and South Korea

Environment, Market News, Materials
TSXV:AMY
19 January 2023 13:00 (EDT)

Source: RecycLiCo Battery Materials.

RecycLiCo (AMY) has delivered battery-grade samples to battery manufacturers in Japan and South Korea.

The potential clients are among the top manufacturers in the region.

The samples, consisting of lithium carbonate and lithium hydroxide, will undergo a technical review for potential business opportunities.

RecycLiCo’s recycled lithium products are generated using a closed-loop recovery process from end-of-life batteries and battery production scrap. The company’s products use significantly less energy and water compared to traditional methods, making them a low-emission alternative to traditional sources of lithium.

“We believe that our products have the potential to make a significant impact on the lithium market and help address the growing demand for sustainable sources of this critical material,” stated Zarko Meseldzija, RecycLiCo’s CEO.

RecycLiCo is a battery materials company focused on recycling and upcycling lithium-ion battery waste. Its patented, closed-loop hydrometallurgical process can achieve up to 100-per-cent extraction of lithium, cobalt, nickel and manganese.

RecycLiCo Battery Materials (AMY) is up by 6.38 per cent, trading at $0.50 per share as of 12:10 pm EST.


Related News