RecycLiCo Grants Stock Options

Rhea-AI Summary

RecycLiCo Battery Materials Inc. grants 3,000,000 stock options to director Kurt Lageschulte with an exercise price of $0.16 per share and expiry date of April 12, 2029.

SURREY, British Columbia, April 12, 2024 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, has granted an aggregate of 3,000,000 stock options to Kurt Lageschulte, director pursuant to the Company's omnibus equity incentive plan. The stock options have an exercise price of $0.16 per share and an expiry date of April 12, 2029.

About RecycLiCo

RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries. 

For more information, please contact: 
Teresa Piorun 
Senior Corporate Secretary 
Telephone: 778-574-4444 
Email: InvestorServices@RecycLiCo.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

FAQ

How many stock options were granted by RecycLiCo Battery Materials Inc.?

RecycLiCo Battery Materials Inc. granted 3,000,000 stock options.

Who received the stock options from RecycLiCo Battery Materials Inc.?

Director Kurt Lageschulte received the stock options.

What is the exercise price of the stock options granted?

The exercise price of the stock options is $0.16 per share.

When do the stock options expire?

The stock options expire on April 12, 2029.