RecycLiCo Battery Materials (TSX-V:AMY, OTCQB:AMYZF) Inc., formerly American Manganese Inc. said it has closed the loop on the lithium-ion battery supply chain with its patented recycling and upcycling process
The company said new battery cells were successfully assembled using the company's battery-ready material, and their performance was validated by C4V, an intellectual property company with expertise and patented discoveries in Lithium-Ion battery composition and manufacture.
"We are pleased to achieve another milestone by having a third-party validate our recycled-upcycled battery material for use in new battery cells," Zarko Meseldzija, CEO and director of RecycLiCo said in a statement. "We have shown a closed loop for lithium-ion batteries and with our technology, we could enable battery manufacturers to complete all recycling and battery production on one site."
READ: RecycLiCo Battery Materials announces official name change from American Manganese
C4V completed a phase 1 qualification study, where RecycLiCo's NMC811 (nickel-manganese-cobalt oxide) precursor cathode material, made from recycled and upcycled lithium-ion battery waste, was converted into a proprietary cathode composition by C4V's supply chain partner, followed by cell production and performance evaluations by C4V.
The electrochemical and technical data achieved the benchmark specifications and performance. Test results also indicated that the specific capacity and stability of the battery cell are acceptable and that C4V approves the material as qualified.
"C4V is pleased to confirm RecycLiCo's recycled materials have successfully achieved qualification status through our Supply Chain Partner Qualification program. We look forward to further testing and the opportunity to help demonstrate the viability of recycling within the lithium-ion battery value chain which is built on sustainability," said Cliff Olin, from C4V.
RecycLiCo focuses 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