American Manganese Inc (CVE:AMY) (OTC:AMYZF) revealed Friday that it received positive initial results from its independent contract lab, Kemetco Research, pertaining to the recycling tests of lithium-ion battery materials received from tier-one companies.
On October 3, the firm said the third-party materials are disassembled end-of-life lithium-ion batteries and manufacturing scrap cathode sent from Asia, North America, and Europe.
It noted that the third-party material will undergo all five stages of the company’s patented lithium-ion battery recycling process, RecycLiCo, to achieve high recovery and battery grade purity of lithium, nickel, cobalt, and manganese.
READ: American Manganese says independent lab has begun testing third-party lithium-ion battery materials
To safeguard American Manganese's confidentiality agreement with the tier-one companies, they are referred to as Company A and Company B.
In a statement, the firm said that based on the initial lab tests nickel cobalt hydroxide was successfully produced from the cathode scraps.
“Recycled samples from Company A reported a recovery of 88.75% for cobalt and 84.12% for nickel using the RecycLiCo patented process,” reported the company.
The company said test results will be reported on Company B as they are completed and received.
The company said the material was received as long fine strips and the recoveries can be improved with a “different size of shredding” enhancing the separation of the active material from the aluminum foil.
"We have produced high quality nickel-cobalt hydroxide from our initial tests of tier-one NCA cathode scrap and are optimizing the conditions for a production run of a larger quantity of material for customer testing, which we are proceeding," Norm Chow of Kemetco Research said in a statement.
American Manganese CEO Larry Reaugh said lithium-ion batteries for tier-one companies have a “high standard for quality” and Kemetco is doing an “excellent job” ensuring that the company produces tier-one recycled lithium-ion battery cathode materials.
American Manganese is a critical metals company focused on the recycling of spent lithium-ion batteries with its 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.
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