RecycLiCo Engages Hatch to Consult on Plant Construction for Taiwan Battery Recycling Joint Venture
August 01 2024 - 9:00AM
RecycLiCo Battery Materials Inc. (“
RecycLiCo” or
the “
Company”), (TSX.V: AMY | OTCQB: AMYZF| FSE:
ID4) a pioneer in the field of sustainable lithium-ion battery
recycling technology, is pleased to announce that it has engaged
Hatch Ltd to provide consulting services in connection with the
Stage 2 battery recycling plant to be operated in Taiwan by
RecycLiCo Zenith Battery Materials Technology Co., the Company’s
joint venture with Zenith Chemical.
Hatch will assist the Company in its review of
the design plan for the plant prepared by Kemetco, the joint
venture’s principal contractor and RecycLiCo’s long-time
collaborator. As previously announced, RecycLiCo will be
supervising construction in Vancouver of an expandable modular
facility (initially 2,000 mt/year), which will be transported to,
and commissioned in, Taiwan. The design plan, once approved, will
be the basis for a formal construction agreement between the joint
venture and Kemetco. Construction is expected to commence later
this year.
Richard Sadowsky, Interim Chief Executive
Officer of the Company, said, “We are excited to have Hatch on
board with us for this project. Their years of engineering and
business experience will be of great value to us as we continue to
move past the venture stage and provide the industry with a
commercially viable and effective recycling solution.”
The advanced battery recycling technology
employed by the joint venture will be capable of processing black
mass and black powder into high-value products, such as
battery-grade lithium chemicals and precursor cathode active
material (pCAM), positioning the joint venture at the forefront of
advanced battery recycling solutions and as a contributor to the
global efforts to develop sustainable energy sources.
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.
About Hatch
Our global network of 10,000 professionals work
on the world’s toughest challenges, with experience spanning over
150 countries around the world in the metals, energy, and
infrastructure sectors. Hatch is employee-owned and independent.
Our exceptional, diverse teams combine vast engineering and
business knowledge, working in partnership with our clients to
develop market strategies, manage and optimize production, develop
new game-changing technologies, and design and deliver complex
capital projects.
About Zenith
Zenith Chemical Corporation, a Taiwanese
company, specializes in the production of nickel-based chemicals,
including high-purity nickel sulfate for lithium-ion batteries.
With a strong focus on serving the lithium-ion battery industry,
Zenith’s products have gained recognition and qualification from
major cathode producers worldwide. The company also has a
shareholding partnership with Hanwa Co., Ltd, a large publicly
traded Japanese distribution company known for its expertise in
lithium-ion battery-related materials. Additionally, Zenith
collaborates, through a joint venture, with Central Glass Co.,
Ltd., a leading Japanese publicly traded company specializing in
fluorine-based chemicals and cater to the semiconductor and
lithium-ion battery markets.
For more information, please contact:Teresa
PiorunSenior
Corporate SecretaryTelephone:
778-574-4444Email: 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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