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American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries

RecycLiCo™ provides high extraction of cathode materials such as lithium, cobalt, nickel and manganese at battery-grade purity

collection of batteries
The company is focused on supplying the demand for mined-battery raw materials

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Wednesday that it has launched its RecycLiCo Patented Process, which represents a breakthrough in the recycling of lithium-ion batteries.

RecycLiCo provides high extraction of cathode materials suh as lithium, cobalt, nickel and manganese at battery-grade purity. The process involves minimal steps, ensuring a high-grade, low-cost output.

READ: American Manganese shares jump as pilot plant achieves high extraction in independent testing

"As pioneers in the advanced lithium-ion battery recycling market, American Manganese and its RecycLiCoTM Patented Process aim to promote a circular economy for the lithium-ion battery supply chain and set the standard for high recovery and purity of cathode materials from spent lithium-ion batteries," said Larry Reaugh, president and CEO of American Manganese, in a statement.

The Surrey-based company is focused on supplying the demand for mined battery raw materials, creating intellectual property to develop its patented lithium-ion battery recycling process.

RecycLiCo is the culmination of this process, the junior company said in a statement.

The technology is currently being tested on a pilot plant scale, with recent results from the pilot plant showing high extraction rates.

Upon completion of the process, American Manganese plans to commercialize its operation with a joint venture partner or through licensing agreements.

Shares of American Manganese closed Tuesday at C$0.15 in Canada and US$0.10 in the US.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: American Manganese Inc.

Price: 0.21 CAD

Market: TSX-V
Market Cap: $37.15 m

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