Overview
Demand for the batteries essential for clear vitality applied sciences is predicted to skyrocket within the coming many years, and analysts are already questioning if provide will have the ability to sustain. The issue is exacerbated by provide chain points, with China controlling greater than 50 % of whole market share within the processing of practically all battery minerals, besides nickel and copper.
Miners and battery producers are setting formidable objectives to sustain with demand, however there’s an alternative choice many overlook: recycling and upcycling. Analysts mission lithium-ion battery capability might attain 5,500 gigawatt-hours by 2030, up five-fold from 2021. Each watt-hour will ultimately want recycling, whether or not instantly or on the finish of its life. Battery recycling is included within the US authorities’s Nationwide Blueprint for Lithium Batteries, because it strengthens your complete home provide chain. Modern recycling applied sciences are rising to feed end-of-life batteries and manufacturing waste again into the manufacturing course of, creating new alternatives for buyers to capitalize on the electrification revolution.
RecycLiCo Battery Supplies (TSXV:AMY,OTC:AMYZF,FSE:2AM) is a vital metals firm specializing in upcycling and recycling lithium-ion battery waste and end-of-life batteries into high-value, battery precursor cathode energetic supplies (pCAM) and lithium chemical compounds. The corporate has invented a closed-loop RecycLiCo™ Patented Course of to extract supplies for direct integration into the re-manufacturing of recent lithium-ion battery supplies. RecycLiCo at present holds 13 granted patents from the US, South Korea, Japan, China, India, Australia and Canada, with one anticipated patent approval from the European Patent Workplace, bringing the full to 14.
RecycLiCo’s pilot plant has already examined samples of black mass (shredded end-of-life batteries) and battery manufacturing scrap from a number of third events and has confirmed the manufacturing of high-purity lithium and pCAM. The upcycled product was examined in new battery cells, which achieved equal efficiency traits of business supplies from mined sources.
The lithium carbonate regenerated from recycled battery waste utilizing RecycLiCo’s patented course of has efficiently been certified by C4V’s Part 1 Provide Chain Qualification program by way of testing in battery cells. New York-based C4V is a lithium-ion battery know-how firm that creates next-generation storage supplies with experience in Gigafactory options.
By C4V’s testing, RecycLiCo’s lithium carbonate has been transformed to cathode materials and assembled into battery cells. The battery cell checks demonstrated good capability and stability all through cycle testing. These checks meet C4V’s rigorous benchmarks and affirm the standard of RecycLiCo’s recycled lithium rivals that of mined lithium, positioning RecycLiCo on the forefront of sustainable battery materials manufacturing.
In 2024, RecycLiCo’s lithium carbonate contained in a lithium iron phosphate (LFP) battery handed a complete suite of checks performed by a battery supplies firm in Asia. The outcomes point out the corporate’s lithium carbonate has met, and surpassed the specs required by the battery supplies firm, thus demonstrating the recycled product’s battery-grade high quality.
The standard provide chain for battery metals is advanced, requires important world transportation, and is linearly depending on new uncooked supplies. RecycLiCo’s know-how sidesteps this advanced provide chain by processing battery manufacturing scrap and end-of-life batteries immediately into high-value and particularly engineered supplies that producers require, closing the availability chain loop. The RecycLiCo™ Patented Course of requires minimal processing steps and gives greater than 99 % extraction of lithium, cobalt, nickel and manganese.
RecycLiCo’s demonstration plant is designed with a 500 kg/day processing capability of waste battery supplies, and is meant to check scaled-up working situations to realize optimum course of configuration and business plant design. Testing has resulted within the manufacturing of bulk portions of battery-grade lithium carbonate from an industrial feed of cathode scrap. The corporate achieved 163 % of the designed processing capability for lithium-ion battery cathode scrap. The leach part of its know-how additionally achieved greater than 99 % extraction of lithium, nickel, cobalt and manganese from lithium-ion battery manufacturing scrap.
RecycLiCo has delivered samples of its battery-grade lithium carbonate and lithium hydroxide to battery producers in Japan and South Korea for a technical evaluate and to discover potential enterprise partnership alternatives.
The corporate entered a 50-50 three way partnership with Zenith Chemical Company to construct a 2,000-metric-ton-per-year lithium-ion battery recycling plant in Taiwan. Estimated to value US$25 million, the preliminary plant will likely be devoted to processing and changing lithium-ion battery waste into worthwhile sources similar to pCAM, lithium hydroxide monohydrate and lithium carbonate.
RecycLiCo continues to pursue joint ventures with strategic companions that may co-locate the recycling know-how alongside the producer’s facility, eliminating the necessity for added transportation.
RecycLiCo’s recycling know-how has undergone a life cycle evaluation performed in accordance with ISO requirements and was critically reviewed by unbiased consultants. The outcomes point out a dramatic discount in world warming potential, demonstrating a 62 % discount over competing hydrometallurgical battery recycling strategies.
RecycLiCo and Nanoramic Laboratories lately disclosed profitable outcomes from their lithium-ion battery cathode recycling collaboration. Laboratory take a look at outcomes have demonstrated that RecycLiCo’s recycling course of can effectively deal with Nanoramic’s progressive NMP-free and PVDF-free electrodes with out concern. Nanoramic’s and RecycLiCo’s collaboration was facilitated by way of the US Division of Vitality’s Superior Vitality Manufacturing and Recycling Grant Program.
RecycLiCo is led by a powerful administration group and advisory board with in depth expertise within the pure sources {industry}, course of growth initiatives and worldwide finance. The spectacular roster of leaders and advisors creates further confidence within the firm’s potential to completely develop and commercialize its transformative know-how.
Lithium-ion battery manufacturing can expertise excessive scrap charges. These scraps include worthwhile vital metals and characterize a major loss to producers. Moreover, end-of-life batteries endure mechanical dimension discount and grow to be black mass. The RecycLiCo™ Patented Course of recycles and upcycles each manufacturing scrap and black mass for reintegration into the manufacturing course of.
Challenge Highlights:
- Important Enchancment on Current Strategies: Not each hydrometallurgical recycling course of is equivalent. RecycLiCo’s course of requires fewer steps, produces higher-value supplies, and has demonstrated a major 62 % discount in world warming potential.
- Direct Producer Integration: The RecycLiCo™ Patented Course of may be built-in inside producers’ services, eliminating the necessity for added transportation. The corporate is able to scale to business degree to pursue three way partnership agreements with strategic companions.
- Each Recycling and Upcycling: The corporate’s know-how recycles NMC, NCA, LCO and LMO battery chemistries and gives greater than 99 % leach extraction effectivity of lithium, nickel, manganese and cobalt. Moreover, its course of upcycles extracted battery supplies into worthwhile cathode precursors, similar to NMC532, NMC622 and NMC811.
- The recycled-upcycled precursor cathode energetic materials was efficiently utilized by a Korean cathode producer to create battery cells that display the identical degree of efficiency as business precursor materials. Battery cell efficiency was validated utilizing industry-standard metrics and benchmarked in opposition to a number of different recycled precursor and business precursor merchandise.
Administration Crew
Paul Hildebrand – Chairman of the Board
Paul Hildebrand is affiliate counsel at Lidstone & Firm. He’s the pinnacle of the legislation agency’s litigation division. He gained the Gold Medal in legislation on the College of British Columbia in 1980. Hildebrand has a doctorate in economics along with his legislation diploma and grasp of science in arithmetic. For practically 29 years, Hildebrand has practiced legislation within the space of advanced litigation, together with a 12-year stint with McAlpine & Firm, one of many main advanced litigation companies in Canada. He’s liable for the conduct of our native authorities purchasers’ litigation issues, together with protection of claims, insurance coverage issues, suing different events, injunctions, appeals, and different litigation-related issues. He additionally has experience in arbitration, mediation and conciliation. He has achieved securities work, together with financings for private and non-private corporations and actual property transactions.
Richard Sadowsky – Interim CEO
Richard Sadowsky is a lawyer and guide based mostly in New York with a number of many years of expertise in advanced transactions and funding banking. He was beforehand the appearing CEO of Voltari Company (a NASDAQ-listed firm) and a associate of SNR Denton and Rubin Baum LLP. Sadowsky additionally labored as an funding banker with CIBC World Markets, stationed in New York.
Shaheem Ali BBA – Chief Monetary Officer and Director
Shaheem Ali is a finance and enterprise administration skilled with 10 years of expertise in operations administration, full-cycle accounting, techniques growth, and folks administration. He has a confirmed document of implementing monetary and operational processes, decreasing operations prices, and bettering inside controls with Alderwoods Group, the place his expertise consists of governance and regulatory fund compliance with varied states.
Andris Kikauka – Director
Andris Kikauka is a graduate of Brock College, St. Catharines, Ont., with an Honors Bachelor of Science in Geological Sciences. He’s a member of the Geological Affiliation of Canada and is registered within the province of British Columbia as knowledgeable geoscientist. Kikauka has practiced his career for thirty-five years in valuable and base steel exploration within the Cordillera of Western Canada, working for Anaconda Canada Exploration (1980-1984), Skyline Explorations, Inel Sources, Gulf Worldwide Minerals (1985-1989); in South America working for Carson Gold (1990); in Mexico and Guatemala working mineral exploration initiatives for Francisco Gold and Almaden Minerals (1996-2006); and three years in uranium exploration within the Canadian Defend working for Rayrock Mines and Uran-Canada (1977-1979).
Rod Langtry – Director
Rod Langtry is the president and CEO of Cascade Raider Holdings who focuses on negotiating multi-year contracts with important companies, together with utilities, building corporations and ports. His practically 30-year expertise within the industrial, building and {hardware} distribution sector has led him to develop his firm by way of partnerships with premium, respected industrial and security corporations. His profession started in Alberta in 1994, the place he launched into his industrial distribution journey. In 1997, he returned to British Columbia, becoming a member of Cascade Distributors the place he constructed his in depth gross sales and operational background and the flexibility to create a transparent and concise management course. In 2011, Langtry merged Cascade Distributors with Raider Hansen in 2011 and have become the President & CEO. Since then, he has developed a powerful merger and acquisition skillset. He beforehand served on the board of administrators of the Vancouver Regional Development Affiliation.
Kurt Lageschulte – Director
Kurt Lageschulte is a associate and senior analyst at Broadbill Funding Companions, LLC, an funding agency with workplaces in New York, Florida and California, and at present has $130 million of property underneath administration throughout 4 managed funds. Lageschulte is a founding associate at Broadbill and was beforehand employed as a senior analyst with Aspen Advisors from 2002 to 2010. Lageschulte has labored as an advisor and energetic member of a number of committees. Most lately, he has suggested the particular committee of the Penn Treaty American Firm board in a fancy negotiation with {industry} regulators. His expertise within the vitality, renewable and mining industries, coupled with important experience within the capital markets, will allow him and the Broadbill group to assist RecycLiCo attain its objectives within the coming years.
Teresa Piorun – Senior Company Officer
Teresa Piorun has been with the Reaugh Group of Firms for thirty years. Piorun is a senior company officer with wide-ranging duties, serving as a focus for communication with the board of administrators, senior administration, and the corporate’s shareholders, and he or she occupies a key function within the administration of vital company issues. She is the confidant and advisor to the CEO and different members of senior administration, significantly on company governance affairs.
Jochen Rudat – Advisor
Jochen Rudat has an illustrious background and status within the electrical car {industry}. He has spent 10 years working underneath Elon Musk, CEO of Tesla, the place he helped launch Fashions S, 3, X and Roadster in Europe. Rudat was employed by Elon Musk to construct a gross sales and advertising and marketing drive in Europe that grew to almost 300 workers throughout his tenure. Earlier than Tesla, Rudat labored for a number of distinguished automotive producers similar to BMW, Kia and Porsche. Most lately, he served as chief gross sales officer at Italian luxurious carmaker Automobili Pininfarina to launch its electrical hypercar, Battista. Furthermore, Rudat is the founding father of Electrical Ventures, a consultancy service centered on investments in sustainable transport.
Shailesh Upreti – Advisor
Shailesh Upreti will lead an initiative to ascertain a lithium-ion battery giga-factory in New York.
Upreti is a well-respected lithium-ion know-how knowledgeable and inventor of a number of breakthrough applied sciences. An IIT Delhi graduate, Upreti has labored carefully with Professor Stan Whittingham up to now and holds a number of US patents and their international equivalents in additional than 30 international locations. Along with his technical diploma, he has a second masters in worldwide enterprise administration together with in depth expertise as an entrepreneur. Upreti has efficiently introduced greater than 5 totally different applied sciences to market, together with one within the materials recycling area. His 16 years of intensive expertise embrace bringing new merchandise to market, enterprise growth, lithium-ion provide chain & {industry} networking, downstream processing, and investigating organizational efficiency gaps. He’s well-integrated into the worldwide battery {industry} and serves on varied advisory boards. Upreti is especially adept at defining company business goals, and enterprise assist packages, and reaching organizational objectives whereas bringing new know-how to market.
Dr. Yi Hyon Paik – Advisor
Dr. Yi Hyon Paik, a famend {industry} knowledgeable, brings a wealth of data and expertise in multinational corporations, the digital supplies {industry}, and the vitality storage sector.
With a distinguished profession spanning a number of many years, Paik has held important management positions in famend organizations. He at present serves as a senior advisor at Ace Fairness Companions, a place he has held since 2020. Beforehand, he was president and chief technique officer of Samsung SDI Firm, a publicly listed South Korean producer of lithium-ion batteries and digital supplies, the place he oversaw varied enterprise models and performed a pivotal function in driving strategic initiatives. Paik’s tenure at Samsung Cheil Industries additionally noticed him serving as government vp and head of the digital supplies enterprise, the place he achieved exceptional income progress and spearheaded profitable portfolio administration initiatives. Paik additionally labored at The Dow Chemical Firm and Rohm and Haas as enterprise group vice-president and president of digital supplies enterprise.
