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RecycLiCo (TSXV:AMY) receives product validation from a battery materials company

Environment, Market News, Materials
TSXV:AMY
12 April 2023 09:43 (EDT)

Recyclico Battery Materials Inc.

RecycLiCo (AMY) has received validation of its battery recycling process and battery-ready precursor cathode active material (pCAM) from a battery materials company.

The battery company assembled lithium-ion battery cells using RecycLiCo’s high-nickel pCAM and conducted characterization and electrochemical tests. RecycLiCo submitted two samples of high-nickel pCAM, to the battery company, with N83 and N90 compositions (nickel-manganese-cobalt oxide containing 83 per cent nickel and 90 per cent nickel), both used in modern high-performance battery cells.

Tests performed by the battery company confirmed that the pCAM materials, produced from waste lithium-ion battery material, achieved equivalent quality and performance characteristics as commercial pCAM.

RecycLiCo and the battery company have been collaborating since early 2022 to test the capabilities of the RecycLiCo process and the advantages of circular materials within the supply chain.

RecycLiCo’s CEO, Zarko Meseldzija stated that this latest industry validation by a battery materials company, further confirms that the company’s pCAM can be made into battery cells and that RecycLiCo could enable a circular solution.

“Establishing an integrated channel between battery companies and RecycLiCo could ensure efficient and circular delivery of battery materials while driving innovation and sustainability in the battery industry.”

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) opened trading at $0.48 per share.

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