Canadian battery recycler RecycLiCo Battery Materials announced its demonstration plant advanced to lithium recovery stage. This follows successful testing of the hydrometallurgical plant in Vancouver, Canada. It and its R&D partner Kemetco Research have now advanced to the next stage of the patented process to demonstrate lithium recovery at demo-scale, it said.
The company said since commissioning earlier this year, the plant has verified a 163% increase in actual leach processing capacity over the 500 kg/day planned capacity and 99% leach extraction efficiency of lithium-ion battery cathode waste material using RecycLiCo’s patented closed-loop process.
It will continue testing at the plant with feedstock materials such as cathode production scrap and black mass. It will expand its range of battery-ready cathode precursor and lithium products. They are available to potential partners for advanced product qualification and assembly in battery cells.
An engineering study is being prepared for the design and construction of a commercial-scale plant that meets industry needs.
The company also said it granted an aggregate of 2,700,000 stock options to certain directors, officers and employees as part of its stock option plan. The stock options have an exercise price of $0.39 per share and expire on 8 November, 2027.
