RecycLiCo Battery Materials Inc. announced that its name has officially been changed from American Manganese, to better reflect the company's core competencies and mission in lithium-ion battery recycling and upcycling, while clearly communicating the commercial opportunities to potential partners and shareholders.
The company said its common shares began trading on the various stock exchanges under the new name on October 3, 2022.
"In light of the immense global applications for our patented technology, it was evident that these applications were much broader than mining manganese, as our previous name suggested," RecycLiCo CEO and director Zarko Meseldzija said in a statement.
READ: American Manganese says RecycLiCo Battery Materials achieves over 99% lithium recovery from lithium iron phosphate battery cathode material
"As a battery materials company, we not only focus on recycling lithium-ion battery waste but upcycling it into battery-ready materials using minimal processing steps, and our mission is to provide a circular solution that bridges the gaps in today's segmented battery supply chain,” he added.
RecycLiCo said the company’s stock symbols on the exchanges remain the same, while the new CUSIP number assigned to its common shares is 75629Y108 and the new ISIN number is CA75629Y1088.
The name change does not affect the rights of shareholders, it said.
There is no consolidation of capital associated with the name change, and certificates issued to represent the common shares are not affected and need not be exchanged, it added.
With minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese, RecycLiCo’s 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