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Be the first with the news that moves the market- RecycLiCo Battery Materials (AMY) provided an operational update on the RecycLiCo hydrometallurgical demonstration plant with its R&D partner Kemetco Research
- The demo plant has verified a 163 per cent increase in actual leach processing capacity over the 500 kg/day planned capacity since its commissioning earlier this year, and a 99 per cent leach extraction efficiency of lithium-ion battery cathode waste material
- The demo plant has advanced to the next stage of the process to demonstrate lithium recovery at demo-scale
- RecycLiCo Battery Materials (AMY) is unchanged and is trading at $0.38 per share as of 2:30 p.m. ET
RecycLiCo Battery Materials (AMY) provided an operational update on its hydrometallurgical demonstration plant with partner Kemetco Research.
The demo plant has verified a 163 per cent increase in actual leach processing capacity over the 500 kg/day planned capacity since its commissioning earlier this year and a 99 per cent leach extraction efficiency of lithium-ion battery cathode waste material. The demo plant has advanced to the next stage of the process to demonstrate lithium recovery at demo scale.
RecycLiCo’s CEO and Director, Zarko Meseldzija, said the build-out and testing of this demo-scale operation have kept pace with the battery recycling market’s demands and enabled the company to de-risk its future commercial expansion efforts.
“This has put us in a favourable position to adapt with the market, collaborate with potential partners in developing next-generation recycling and upcycling solutions that serve a broader market, and to potentially secure long-term partnerships.”
The company will continue testing at the demo plant with feedstock. It will expand its offering of battery-ready cathode precursor and lithium products to supplement its current product lineup.
Kemetco Research Inc. is a private-sector integrated science, technology, and innovation company. who provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, and applied research and development for industry and government clients.
RecycLiCo Battery Materials Inc. (AMY) (formerly American Manganese Inc). is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo patented process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum, at battery-grade purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCo patented process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
RecycLiCo Battery Materials (AMY) is unchanged and is trading at $0.38 per share as of 2:30 p.m. ET.
