American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) (FRA:2AM) said its RecycLiCo process for recycling lithium-ion battery cathodes, has been awarded the Solar Impulse Efficient Solution Label (SIESL) following an assessment performed by external independent experts and based on verified standards.
As a result, the critical metals company said RecycLiCo will join the 1000 Solutions Challenge, an initiative by the Solar Impulse Foundation to select solutions that meet high standards in profitability and sustainability and present them to decision-makers to fast-track their implementation.
American Manganese said the patented RecycLiCo process offers a closed-loop and environmentally friendly solution for the recycling of cathode materials used in lithium-ion batteries. The process provides high extraction and purity of cathode materials, such as lithium, cobalt, nickel, manganese, and aluminum, and was designed with the ultimate goal of producing recycled battery products that could be “seamlessly and directly integrated into the re-manufacturing of battery cathodes using minimal processing steps”.
The firm added that to receive the SIESL, the RecycLiCo process was thoroughly assessed by a pool of independent experts according to five criteria covering the three main topics of feasibility, environmental, and profitability. All labeled solutions are part of the 1000 Solutions portfolio that will be presented to decision-makers in business and government by Bertrand Piccard, chairman of the Solar Impulse Foundation.
“We are pleased that our RecycLiCo process was awarded the Solar Impulse Efficient Label. Initiatives such as Solar Impulse’s 1000 Solutions are validating innovative ideas that could change the world and we are grateful to be recognized as a part of the solution,” American Manganese president and chief executive Larry Reaugh said in a statement.
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