RecycLiCo Batter Stock Price, News & Analysis

RecycLiCo Battery Materials Inc. (AMYZF) has successfully closed the loop in the lithium-ion battery supply chain through its patented recycling process. The company validated its battery-ready material by collaborating with C4V, which confirmed the performance of the NMC811 cathode material derived from recycled battery waste. C4V's qualification study showed that the battery cells met benchmark specifications. RecycLiCo shipped a larger batch for phase 2 testing, aiming for qualification in future Gigafactory production. This milestone highlights RecycLiCo's potential in sustainable battery manufacturing.

RecycLiCo Battery Materials, formerly known as American Manganese, has received approval from the TSX Venture Exchange for a name change. The new name reflects the company's focus on recycling lithium-ion battery waste. The stock symbols will remain unchanged: AMY on TSXV, AMYZF on OTCQB, and 2AM on FSE. The company plans to seek shareholder approval for a Change of Business to become a Tier 2 Industrial Issuer at its next annual general meeting. Shareholder rights will not be affected, and there will be no consolidation of capital.

American Manganese Inc. announces the passing of Larry W. Reaugh, its founder, CEO, and President, who was pivotal in transforming the company into a leader in the battery recycling industry. In light of this loss, the board has appointed Zarko Meseldzija as interim CEO, Shaheem Ali as a director, and Paul Hildebrand as interim Chair. The company aims to continue Reaugh's vision in advancing its innovative lithium-ion battery recycling process, which boasts up to 100% extraction of valuable materials.

American Manganese Inc (AMYZF) announced that its demonstration plant achieved over 99% extraction of lithium, nickel, cobalt, and manganese from lithium-ion battery production scrap. Conducted with R&D partner Kemetco Research, the leach stage testing focused on optimizing conditions for future commercial plant design. This successful extraction is pivotal for establishing a closed-loop supply chain for battery manufacturers, enhancing the appeal of recycling initiatives as battery materials become increasingly valuable. This development is significant as it aligns with environmental goals and market demands.

American Manganese Inc. (OTCQB:AMYZF) has reported a significant reduction in carbon-dioxide emissions from its RecycLiCo battery recycling process compared to traditional lithium production methods. According to a life cycle assessment conducted by Minviro Ltd., the RecycLiCo process emits only 3.3 kg of CO₂ for every kilogram of lithium hydroxide monohydrate produced, compared to 12.7 kg by conventional mining. This reduction could potentially avoid around 40,570 tonnes of CO₂ emissions for every 100,000 electric vehicle batteries made using this recycled material.

American Manganese Inc. (AMYZF) has achieved over 99% lithium recovery from LFP battery cathode materials during bench-scale tests, demonstrating its advanced recycling capabilities. This achievement follows prior successes in extracting lithium from various chemistries, including NMC and LMO. The company seeks to expand its market presence amidst rising lithium prices, which have increased by more than 350% year-over-year. With plans to collaborate with strategic partners in the electric vehicle sector, American Manganese aims to enhance its patented recycling process.

American Manganese Inc. (OTCQB:AMYZF) commends the climate-focused Critical Mineral provisions within the recently signed Inflation Reduction Act. The bill introduces a 10% advanced manufacturing production tax credit and allocates over $60 billion to promote renewable energy manufacturing in the U.S. Key elements include tax credits for electric vehicles, contingent on the sourcing of battery materials. The act also emphasizes domestic production of essential battery materials, aligning with American Manganese's patented recycling processes that enhance battery material sustainability.

American Manganese Inc (AMYZF) reported significant progress in its RecycLiCo Battery Materials demonstration plant, achieving 163% of its designed processing capacity of 500 kg/day for lithium-ion battery cathode scraps. This result stems from the effectiveness of the patented process and optimized parameters that will inform the design of a future commercial plant. The company plans to continue sharing updates on the demonstration plant's staged tests, underscoring its commitment to enhancing economic and environmental outcomes in battery recycling.