RecycLiCo Battery Materials Inc. (OTC:AMYZF) Stock On Watchlist After Latest News
On Wednesday, RecycLiCo Battery Materials Inc. (OTC:AMYZF), the leading sustainable lithium-ion battery recycling company, shared a significant new development. The company made a joint announcement with the innovative energy storage technology leader, Nanoramic Laboratories.
It was revealed that the DOE Advanced Energy Manufacturing and Recycling Grant Program had selected Nanoramic for the purpose of award negotiations with RecycLiCo as a collaborator and partner regarding the grant. In the news release, RecycLiCo Battery Materials noted that the partnership between the two companies was another positive step in the promotion of sustainable practices in the lithium ion space.
The company also observed that its technology was focused on the upcycling and recycling of lithium-ion battery waste into battery-grade products. Those products could be precursor cathode active material (pCAM) or lithium chemicals, among others. RecycLiCo Battery Materials noted that its technology was complimentary to the expertise that Nanoramic possessed in the field of electrode production.
The partnership would help promote the circular economy in the field of battery manufacturing. In the partnership between the two, RecycLiCo Battery would be responsible for the processing of production scrap from the demonstration line of Nanoramic. The target would be the production of lithium chemicals and pCAM that would be aligned with the battery-grade specifications of Nanoramic.
It was also revealed that the lab test results that had been produced from the collaboration had been positive. The notable aspect of the partnership included the fact that RecycLiCo Battery Materials’ recycling process provided an efficient treatment of the PVDF and NMP-free electrodes from Nanoramic. The efficiency helped in cutting down on the number of steps involved in processing and the consumption of resources as well. Another notable achievement was the separation of the cathode materials from aluminum foil with greater speed and without the presence of chemical additives.
