RecycLiCo and Nanoramic Laboratories Enter Strategic Collaboration for Lithium-ion Battery Recycling
02 August 2023 - 9:00PM
RecycLiCo Battery Materials Inc. (“RecycLiCo”)
(TSX.V: AMY; OTC-US: AMYZF; FSE: ID4) and
Nanoramic
Laboratories (“Nanoramic”) are pleased to announce a
strategic collaboration with the goal of optimizing the complete
life cycle of lithium-ion batteries. This collaboration synergizes
both companies' unique materials and technologies to establish an
efficient, sustainable battery supply chain.
Nanoramic will contribute its discarded
Neocarbonix® lithium-ion battery cathode electrodes, notable for
their high-performance, low-cost nanocarbon mesh binding structure,
for testing with RecycLiCo’s proprietary lithium-ion battery
recycling process, which has proven up to 99% extraction of
lithium, nickel, manganese, and cobalt from conventional waste
cathode materials. The collaboration aims to attain mutual
recognition of the future integration of Nanoramic and RecycLiCo
technologies in commercial operations.
Nanoramic's innovative NMP-free and PVDF-free
electrodes offer a solution to potential bans on per- and
polyfluoroalkyl substances (PFAS) in lithium-ion batteries. By
leveraging RecycLiCo’s expertise in conversion of waste cathodes
into valuable battery-grade materials, both parties are working to
"close the loop" by returning the recycled product back to
Nanoramic for cell production and further electrochemical
analysis.
Nanoramic Founder, John Cooley, said,
“Sustainability has always been at the heart of Nanoramic, so this
exciting partnership with RecycLiCo is crucial in our mission to
reduce the end-to-end impact of battery manufacturing and use. It
is also further proof that we at Nanoramic are continuing to grow
and stand out in the global market. We’re developing transformative
technologies that are not just more sustainable, but enabling lower
cost, faster charging, and higher performing batteries that will
ultimately encourage more people to shift to electric vehicles,
which will have huge benefits to society. We’re proud that
RecycLiCo is now joining us on that journey.”
RecycLiCo's CEO, Zarko Meseldzija, said, "This
collaboration places RecycLiCo at the forefront of battery
recycling technology by working with next-generation cathode
materials to demonstrate a closed-loop, sustainable process. We are
delighted to work alongside Nanoramic, a company whose commitment
to sustainability reflects our own. With our combined expertise,
we're confident we can make a substantial contribution towards
minimizing environmental impact and promoting sustainable practices
in the industry."
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 Nanoramic
Nanoramic® Laboratories is an industry-leading
energy storage and advanced materials company that has developed an
innovative electrode technology, Neocarbonix® at the Core.
Nanoramic is commercializing this technology to transform energy
storage for electric vehicles: increasing energy density and
longevity, while reducing costs. Nanoramic is backed by 14 years of
research with over 200 granted and pending patents. Today,
Nanoramic works with some of the largest automakers and battery
manufacturers to develop and commercialize batteries made with
Neocarbonix® at the Core. Founded in 2009 out of MIT, Nanoramic is
the exclusive designer, manufacturer, and licenser of Neocarbonix®
at the Core electrodes and FastCap® Ultracapacitors.
See www.nanoramic.com.
For more information, please contact: Teresa
Piorun Senior Corporate
Secretary Telephone: 778-574-4444 Email:
InvestorServices@RecycLiCo.com
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contain "forward-looking statements", which are statements about
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forward-looking statements except as required by law.
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