RecycLiCo Battery Materials (TSX-V:AMY, OTCQB:AMYZF) Inc said its recycled-upcycled precursor cathode active material has been successfully used by a Korean cathode manufacturer to create battery cells demonstrating the same level of performance as commercial precursor material.
The company called the achievement a significant milestone in its mission to revolutionize the lithium-ion battery recycling industry.
Battery cell performance was validated using industry-standard metrics and benchmarked against multiple other recycled precursor and commercial precursor products, the company said.
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“These results not only validate our technological lead but also showcase the potential of our strategic business model that enables potential cathode and battery manufacturer partners to reintegrate recycled battery-ready materials while gaining economic and environmental benefits,” Zarko Meseldzija, CEO and director of RecycLiCo Battery Materials said in a statement.
The company said the Korean cathode manufacturer reported that the battery cell using RecycLiCo’s recycled-upcycled NMC811 precursor outperformed other recycled cathode precursor materials and performed at the level of commercial NMC811 precursor material. RecycLiCo’s commercial battery-quality precursor was produced directly from battery production scrap and black mass samples using its novel closed-loop RecycLiCo process.
“We are excited to explore potential partnership opportunities and further advance technical due diligence with the Korean manufacturer as we push the boundaries of sustainability and innovation in the battery materials industry," added Meseldzija.
RecycLiCo Battery Materials is focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Contact the author at jon.hopkins@proactiveinvestors.com