RecycLiCo Battery Materials Secures Key European Patent for Lithium-ion Battery Recycling
December 14 2023 - 6:00AM
RecycLiCo Battery Materials Inc. (“
RecycLiCo” or
the “
Company”), TSX.V: AMY, OTCQB: AMYZF, FSE:
ID4, a pioneer in sustainable lithium-ion battery recycling
technology, is pleased to announce that the European Patent Office
(EPO) has issued an official communication indicating its intention
to grant the Company's first of two patent applications (Patent
Application No. 17870326.0) for its innovative lithium-ion battery
recycling process. This milestone marks a significant step forward
in the Company's efforts to strengthen its intellectual property
portfolio across key global markets.
With the EPO’s positive stance, the Company will
be strategically reviewing Europe’s planned and operational
Gigafactories, as tracked by CIC energiGUNE, in consideration of
which countries to select for validation. This selection reflects
the company's commitment to establishing a strong presence in
significant European markets, where there is a growing emphasis on
electrification and sustainable battery technologies.
With patents already issued in the United
States, South Korea, Japan, China, India, Australia, and Canada,
the anticipated European patent will be the 14th issued patent for
RecycLiCo internationally. This achievement underscores the
Company's dedication to innovation and its leading role in the
sustainable battery recycling sector.
The recognition of RecycLiCo's novel technology
in Europe is particularly noteworthy given the continent's
aggressive push towards electrification and substantial investments
in battery materials, battery production, electric vehicles, and
battery recycling. The company's sustainable lithium-ion battery
recycling process aligns seamlessly with Europe's ambitious
environmental goals and its push towards a greener, more
sustainable future.
As RecycLiCo collaborates with its patent
attorney to finalize the process and fulfill the necessary fee
requirements, the company continues to strategically position
itself at the forefront of multiple markets. This latest
development is a testament to the novelty of RecycLiCo's
lithium-ion battery recycling process.
About
RecycLiCo
RecycLiCo Battery Materials Inc. is a battery
materials company specializing in sustainable lithium-ion battery
recycling and materials production. RecycLiCo has developed
advanced technologies that efficiently recover battery-grade
materials from lithium-ion batteries, addressing the global demand
for environmentally friendly solutions in energy storage. With
minimal processing steps and up to 99% extraction of lithium,
cobalt, nickel, and manganese, the patented, closed-loop
hydrometallurgical process turns lithium-ion battery waste into
battery-grade cathode precursor, lithium hydroxide, and lithium
carbonate for direct integration into the re-manufacturing of new
lithium-ion batteries.
For more information, please contact: Teresa
Piorun Senior Corporate
Secretary Telephone: 778-574-4444 Email:
InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release may
contain "forward-looking statements", which are statements about
the future based on current expectations or beliefs. For this
purpose, statements of historical fact may be deemed to be
forward-looking statements. Forward–looking statements by their
nature involve risks and uncertainties, and there can be no
assurance that such statements will prove to be accurate or true.
Investors should not place undue reliance on forward-looking
statements. The Company does not undertake any obligation to update
forward-looking statements except as required by law.
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