SURREY, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- 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.
