RecycLiCo Batter Stock Price, News & Analysis

RecycLiCo Battery Materials Inc. has signed a Memorandum of Understanding (MOU) with Sonid Inc. to explore establishing a commercial lithium-ion battery recycling facility. This partnership aims to leverage both companies' strengths in the collection, pretreatment, and processing of end-of-life batteries. The initiative is expected to enhance sustainability in the lithium-ion battery supply chain, with potential commercial scale applications for RecycLiCo's innovative technologies. This collaboration highlights a significant step toward operational expansion and environmental responsibility in battery recycling.

RecycLiCo Battery Materials Inc., formerly American Manganese Inc., highlights significant technological and business advancements in 2022. The company successfully commissioned its Demonstration plant, exceeding processing capacity by 63% with over 99% lithium recovery rates from battery scrap. Notably, it secured patents in Australia, China, and Canada, and received funding for a feasibility study on fluoride removal. RecycLiCo has also signed MOUs for strategic partnerships and maintains approximately $20 million in cash, positioning itself for future growth in lithium-ion battery recycling.

RecycLiCo Battery Materials Inc. has reported significant progress at its hydrometallurgical demonstration plant in Vancouver, achieving a 163% increase in processing capacity and 99% leach extraction efficiency for lithium-ion battery waste. The company continues to advance its patented recycling technologies while preparing for the construction of a commercial-scale plant. Additionally, 2,700,000 stock options have been granted to directors and employees, reinforcing commitment to growth. CEO Zarko Meseldzija highlighted adaptability and potential partnerships in the evolving battery recycling market.

RecycLiCo Battery Materials has secured a Chinese Patent for its lithium-ion battery recycling process. This patent complements similar approvals in the U.S., South Korea, Japan, Canada, and India. Additionally, the company announced a forthcoming book by Joey Jung, Ph.D., detailing hydrometallurgical technologies in battery recycling. The book reviews the experimental work leading to RecycLiCo’s advanced recycling methods, promising enhanced efficiencies and reduced environmental impact.

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.