RecycLiCo Batter Stock Price, News & Analysis

American Manganese Inc. (AMYZF) has received Patent No. 380826 from the Indian Patent Office for its lithium-ion battery recycling technology. This patent covers essential processes in the RecycLiCo process, allowing up to 100% extraction of lithium, cobalt, nickel, and manganese from lithium-ion battery cathode materials. The Indian automotive market is a significant opportunity, expected to be the third-largest globally by 2030 with ambitious electric vehicle targets. This highlights the potential for establishing a circular battery recycling business model in India.

American Manganese Inc. (AMYZF) has filed National Phase Patent Applications for its RecycLiCo battery recycling process in multiple regions including Europe, South Korea, Canada, India, Australia, Japan, and China. This second patent enhances the processing capabilities for various battery materials, focusing on recovering graphite, treating hazardous fluoride, and separating aluminum from battery manufacturing scrap. The patent aims to address the projected demand for recycling as electric vehicle sales are anticipated to reach 56 million by 2040, highlighting the importance of efficient battery material recovery.

American Manganese Inc. has announced its participation in two significant conferences: the E-Waste World Conference on November 30, 2021, and Benchmark Mineral's Battery Sustainability Summit on December 8, 2021. At these events, CTO Zarko Meseldzija will showcase the company's patented RecycLiCo lithium-ion battery recycling process, which aims to enhance the battery supply chain by promoting sustainability.

American Manganese is focused on recycling lithium-ion battery waste into high-value materials, achieving up to 99% extraction of key metals.

American Manganese Inc. has received a Notice of Allowance from the Canadian Patent Office for its lithium-ion battery recycling technology, RecycLiCo™. This marks a significant development as the patent will join existing patents in the U.S., South Korea, and Japan. The RecycLiCo™ process is designed to achieve 100% extraction of key metals like cobalt and lithium from various cathode chemistries. The issuance of this patent is timely, aligning with the Canadian government's push for electric vehicle advancements. AMY is also pursuing patent applications in China, Europe, Australia, and India.

American Manganese Inc. (AMYZF) announced amendments to 3,600,000 stock options. The exercise price for 1,000,000 options from February 16, 2021, is reduced from $1.99 to $1.00, while for 2,600,000 options from February 17, 2021, it drops from $2.63 to $1.00. All terms remain unchanged. These amendments are subject to TSX Venture Exchange approval and will benefit the company by aligning options with current market conditions.

American Manganese Inc. (AMYZF) successfully completed its project scope for the Wenden Stockpile Reclamation and Advanced Material Processing project, submitting a final report to the U.S. Defense Logistics Agency (DLA). Initiated in December 2020, the project confirmed the economic viability of processing the 350,000 short dry tons of manganese material from the Wenden Stockpile. Key outcomes include enhanced process efficiencies and production of electrolytic manganese metal without toxic additives. The report highlights the need for further studies to achieve commercial-scale operations.

American Manganese Inc. (AMYZF) has appointed Dr. Paul Hildebrand as a director, bringing over 40 years of legal experience and a doctorate in economics. Dr. Hildebrand, previously a director from 2007 to 2013, has been granted 400,000 stock options at an exercise price of $0.80 per share, expiring in five years. CEO Larry Reaugh highlights Dr. Hildebrand's litigation expertise as valuable for the company. American Manganese focuses on recycling lithium-ion batteries through its RecycLiCo™ process, aiming for high extraction rates and environmental sustainability.

American Manganese Inc. (AMYZF) announced significant updates regarding its RecycLiCo demonstration plant, which targets upcycling lithium-ion battery waste. Since the project’s initiation in March 2021, a $2.7 million contract with Kemetco Research has facilitated progress in design and equipment acquisition, aiming for a processing capacity of 500 kg/day. The company successfully completed a $20 million private placement, enhancing its financial positioning. The demonstration plant is geared towards attracting collaboration with potential industry partners to advance commercial recycling capabilities.

American Manganese Inc. has successfully produced lithium sulfate with 99.99% purity using its patented RecycLiCo process. The bulk sample was dispatched to an international lithium producer to validate this achievement. The process allows for over 99% extraction efficiency from lithium-ion battery scrap, producing valuable materials for battery manufacturing. The company aims to meet the needs of the green lithium market as it emphasizes environmental benefits and the importance of upcycled lithium for battery production.