RecycLiCo Batter Stock Price, News & Analysis

American Manganese has received drill permits for the Rocher Deboule project from the Ministry of Energy, Mines and Low Carbon Innovation. Recent geophysical surveys identified significant rare earth elements in the Vent Zone, indicating potential for Iron-Oxide Copper-Gold (IOCG) occurrences. Rock chip samples show semi-massive chalcopyrite and significant rare earth values across two main vein types. A drill program is planned for 2022, which may enhance the resource estimates for the company.

American Manganese Inc. (AMYZF) announced that its demonstration plant equipment is ready for commissioning, marking a significant milestone in its recycling process for lithium-ion batteries. The plant will showcase the RecycLiCo process under continuous operating conditions, facilitating the validation of operational efficiencies. The demonstration will initially focus on processing NMC cathode scrap from electric vehicles, targeting a processing capacity of 500 kg/day. AMY aims to produce high-purity materials like nickel-manganese-cobalt hydroxide and lithium carbonate, responding to the growing demand for sustainable battery metals.

American Manganese Inc. has signed a Memorandum of Understanding (MOU) with Zenith Chemical Corporation to expand into Asia's lithium-ion battery recycling market. Zenith, a producer of high-purity nickel sulfate, will assist in producing high-nickel cathode precursors at American Manganese's pilot plant. The collaboration aims to validate material specifications and convert precursors into cathode active materials for testing in lithium-ion batteries. This partnership will leverage Zenith's supply network and American Manganese's patented recycling technology.

American Manganese Inc. provides an update on its demonstration plant project for lithium-ion battery recycling in Greater Vancouver. The plant is nearing operational readiness, with equipment assembly progressing well. Approximately 3,500kg of battery cathode scrap has been received as feedstock, aiming to produce recycled lithium, nickel, manganese, and cobalt products. However, the U.S. Defense Logistics Agency notified the company that they will not pursue the Phase 2 Technical Proposal related to the Wenden Stockpile, despite previous successful project milestones.

American Manganese Inc. (AMYZF) has received a Notice of Allowance from the Chinese Patent Office for its RecycLiCo lithium-ion battery recycling technology. This patent will strengthen AMY's existing portfolio, joining patents in the U.S., South Korea, Japan, India, and pending applications in Canada, Australia, and the EU. Recognized in the world's largest electric vehicle market, this advancement is crucial for AMY's global expansion plans in the innovative battery recycling sector. The company is also progressing on its demonstration plant assembly.

American Manganese Inc. has partnered with Minviro Ltd. to conduct a life cycle assessment (LCA) of its RecycLiCo battery recycling-upcycling process. This assessment aims to quantify the environmental impacts associated with producing cathode precursor material from battery waste, benchmarking against traditional methods. The findings will be reviewed by third-party experts and will support regulatory compliance and informed consumer choices. CEO Larry Reaugh emphasizes the need for environmental responsibility in the lithium-ion battery sector as demand increases.

American Manganese Inc. (AMY) has announced additional funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). This support aims to advance their project, Demonstration of Continuous Recycling of Cathode Material from Lithium-ion Battery Production Scrap, which began in August 2021. The funding will help complete project objectives and indicates progress in developing a sustainable recycling process, RecycLiCo™, which efficiently recycles lithium-ion battery waste.

American Manganese (AMYZF) shares key 2021 highlights in its year-end review, emphasizing progress in lithium-ion battery recycling and advanced material processing. Notable achievements include successful recycling of battery waste into high-purity cathode materials and completion of U.S. Defense Logistics Agency projects with 99% manganese extraction. The company also closed a private placement, raising C$20 million. These advancements position American Manganese favorably for growth in 2022 as it focuses on cleantech and critical battery metals.