What RecycLiCo Battery Materials Inc. does

RecycLiCo Battery Materials Inc. (TSX.V: AMY, OTCQB: AMYZF, FSE: ID4) is a Canadian public company developing a patented closed-loop hydrometallurgical process that recovers up to 99% of cathode metals (lithium, cobalt, nickel, manganese) from lithium-ion battery waste, black mass, manufacturing scrap, and mined ore, upcycling them into battery-grade lithium carbonate, lithium hydroxide, and NMC811 precursor cathode material. The company is the renamed successor of American Manganese Inc. (rebranded October 2022) and is headquartered in Delta, British Columbia, where it operates a 10,047 sq ft facility combining headquarters, demonstration plant, and the new Innovation Centre laboratory opened in April 2025. Its core technical differentiator is a containerized modular plant design intended for on-site deployment globally, validated by third-party battery manufacturers including C4V (completed phase 1 qualification) and a Korean cathode manufacturer that successfully produced cells from recycled-upcycled NMC811 precursor.

The company's revenue model is multi-pronged but early-stage: (1) licensing of the patented hydrometallurgical process to partners such as Sonid (South Korea, MOU January 2023); (2) sale or deployment of modular recycling plants; (3) fee-for-use and R&D services at the Innovation Centre (Green Manganese tenancy, April 2026); and (4) future transaction-based recycling services. Customer development targets lithium-ion battery manufacturers (Japan, South Korea), EV OEMs (Lucid Motors via MINAC), and mining companies (Alaska Energy Metals via the September 2025 MOU for the Nikolai deposit). The company does not currently disclose commercial revenue; its $13.8M cash position as of September 30, 2025 against monthly burn of approximately $136,835 implies a multi-year runway focused on partnership development, government funding pursuits, and pilot commercialization rather than near-term scale revenue. The portfolio also retains legacy mineral properties (Artillery Peak manganese in Arizona; Rocher Deboule copper-gold-cobalt and Lonnie & Virgil niobium in BC) managed via a consultant after the director's retirement.

Name

RecycLiCo Battery Materials Inc.

Legal name

RecycLiCo Battery Materials Inc.

Website

https://recyclico.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

RecycLiCo Battery Materials Inc. is a Canadian public company that has developed a patented hydrometallurgical process to recover up to 99% of cathode metals from lithium-ion battery waste and upcycle them into battery-grade materials, serving battery manufacturers, EV makers, and mining companies through modular on-site plants and technology licensing.

Ownership category

akta.pro rank

Product category

Battery Materials Recycling

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Battery Manufacturing (335910)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF)

akta.pro secondary industries

Hydrometallurgical Recycling & Refining (Leaching, Solvent Extraction, Precipitation) (EUAFACAD), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ), Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD)

Keywords

• Lithium-ion battery recycling
• Hydrometallurgical processing
• Critical minerals recovery
• Cathode metal upcycling
• Battery materials processing

Headquarters

HQ city

Surrey

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Battery Recycling Services: RecycLiCo provides hydrometallurgical processing services for end-of-life lithium-ion batteries and manufacturing scrap, recovering battery-grade materials for resale to battery manufacturers
2. Innovation Centre Fee-for-Use: Green Manganese entered into a fee-for-use arrangement with RecycLiCo for access to the Innovation Centre laboratory facility in Delta, BC, providing a revenue-generating platform
3. Technology Licensing: The company licenses its patented hydrometallurgical process to partners for establishing battery recycling facilities globally (e.g., MOU with Sonid of South Korea for potential technology licensing)
4. Modular Plant Sales: Sale and deployment of modular recycling plants that can be shipped to customer sites for on-site battery recycling operations worldwide
5. Technical R&D Services: Bench-scale hydrometallurgical processing and technical research services for metals, mining, refining, and battery materials sectors through the Innovation Centre

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

RecycLiCo operates a patented closed-loop hydrometallurgical process that recovers up to 99% of cathode metals (lithium, cobalt, nickel, manganese) from end-of-life lithium-ion batteries, manufacturing scrap, and black mass, upcycling them into high-purity, battery-ready cathode precursor, lithium hydroxide, and lithium carbonate. The technology is deployed through modular containerized plants for on-site recycling globally, with an Innovation Centre laboratory in Delta, British Columbia providing bench-scale processing and R&D services.

Product overview

RecycLiCo Battery Materials Inc. is a battery materials company offering a portfolio of hydrometallurgical technologies for lithium-ion battery recycling and critical mineral recovery. The core offering consists of the patented RecycLiCo closed-loop hydrometallurgical process that recovers up to 99% of cathode metals (lithium, cobalt, nickel, manganese) from battery waste, producing battery-ready materials including cathode precursor, lithium hydroxide, and lithium carbonate. The company deploys its technology through modular containerized plants for on-site recycling globally, and operates a demonstration plant and Innovation Centre laboratory facility in Delta, British Columbia. The portfolio also includes legacy mining properties (Artillery Peak manganese project in Arizona, Rocher Deboule copper/gold/cobalt property and Lonnie & Virgil niobium property in British Columbia). Strategic partnerships include collaborations with C4V for battery cell production, MINAC coalition with Lucid Motors and Alaska Energy Metals, and the now-terminated Taiwan joint venture with Zenith Chemical Corporation.

Differentiator

Problem solved

Functional benefit

Products and services

• RecycLiCo Lithium-Ion Battery Recycling Process Patented closed-loop hydrometallurgical process that recovers up to 99% of cathode metals (lithium, cobalt, nickel, manganese) from battery waste and upcycles them into high-purity, battery-ready materials. Designed for use by battery manufacturers, EV makers, and mining companies seeking domestic critical minerals supply.
• Modular Recycling Plants Containerized modular battery recycling plants designed for on-site deployment worldwide, enabling lithium-ion battery recycling at customer sites through shipping container logistics. Sold and deployed to battery manufacturers and recycling partners.
• Demonstration Plant Hydrometallurgical demonstration plant achieving 163% of designed 500 kg/day leach processing capacity and over 99% extraction rates for lithium, nickel, cobalt, and manganese. Currently being relocated and upgraded at the new Delta, BC headquarters. Used to validate processing performance for customers and partners.
• Innovation Centre Laboratory Facility Bench-scale hydrometallurgical processing and technical R&D services facility in Delta, British Columbia for the metals, mining, refining, and battery materials sectors. First phase of larger Innovation Centre with adjacent pilot plant capabilities planned.
• Innovation Centre Tenant / R&D Services Fee-for-use arrangement providing partners access to advanced hydrometallurgy testing infrastructure and pilot-scale capabilities at the Delta, British Columbia Innovation Centre. Includes bench-scale processing and technical research services for metals, mining, refining, and battery materials sectors.

Quantifiable outcome

• 99% extraction rate for cathode metals (lithium, cobalt, nickel, manganese)
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

17 partnerships are on record, tiered core, flagship, minor, former and secondary.

• Green ManganesecoreTechnology or Integration · 28 April 2026Green Manganese, a critical minerals company developing low-carbon manganese recovery process, relocated to RecycLiCo Battery Materials Innovation Centre in Delta, BC under fee-for-use arrangement. Provides RecycLiCo with revenue-generating platform while giving Green Manganese access to advanced hydrometallurgy testing infrastructure and pilot-scale capabilities.
• Rain City IndustrialcoreImplementation/ SI/ Consulting Partner · 8 October 2025Contracted to lead design and construction of RecycLiCo's new laboratory facility at headquarters in Delta, B.C. Rain City Industrial provides specialized expertise in industrial design, safety, and quality assurance.
• Alaska Energy Metals Corporation (AEMC)flagshipStrategic or Co-development Partner · 16 September 2025RecycLiCo's US subsidiary RecycLiCo US Mineral Recovery (RUMR) entered MOU with AEMC to assess hydrometallurgical processing technology for refining metal concentrates from the Nikolai deposit in Alaska containing nickel, cobalt, copper, chromium, platinum, palladium, and gold. Goal is co-located processing facility at Nikolai site.
• Mohammadali (Mo) ShahsavaricoreOthers · 10 September 2025Materials Scientist and Process Engineer hired to strengthen in-house scientific and engineering team. Brings expertise in materials characterization, electrochemistry, corrosion, and hydrometallurgy with experience in lab-scale R&D and pilot-scale systems.
• Lucid MotorsflagshipStrategic or Co-development Partner · 23 July 2025RecycLiCo joined with Lucid Motors and other industry leaders (Alaska Energy Metals, Graphite One, Electric Metals) as founding member of MINAC (Minerals for National Automotive Competitiveness Collaboration) focused on accelerating development and procurement of American-sourced critical mineral resources for automotive manufacturing.
• PRA CommunicationscoreGTM or Marketing Partner · 3 April 2025Award-winning communications firm specializing in mining, clean technology, and sustainability engaged to lead corporate communications and stakeholder engagement initiatives to support next phase of growth and commercialization.
• Fusion ProjectsminorImplementation/ SI/ Consulting Partner · 25 March 2025Engaged to assist with site selection evaluation for new laboratory and demonstration plant in Vancouver area. Provides assessment of existing infrastructure and recommendations for electrical/mechanical systems.
• Penney CapitalcoreImplementation/ SI/ Consulting Partner · 28 January 2025Engaged to assist in identifying and qualifying for government funding opportunities in U.S. and Canada. Founded by former Senate energy/defense committee staff with expertise in critical minerals and resource development projects.
• Carmot Strategic GroupcoreImplementation/ SI/ Consulting Partner · 28 January 2025Engaged to assist with government funding opportunities. Founded by Daniel McGroarty, recognized critical mineral expert who testified before U.S. Senate and House committees and served on Critical Materials Institute advisory board.
• Zenith Chemical CorporationformerStrategic or Co-development Partner · 1 July 2024Former US$25 million joint venture in Taiwan for battery recycling. Jointly terminated in April 2025 due to evolving market conditions and increased capitalization costs. RecycLiCo retained technology ownership; Zenith acquired RecycLiCo's JV shares for USD $581,114.
• HatchminorImplementation/ SI/ Consulting Partner · 1 July 2024Consulting firm engaged on plant construction for Taiwan battery recycling joint venture (now terminated).
• Oak Hill FinancialminorGTM or Marketing Partner · 1 August 2023Engaged for investor relations to support corporate communications strategy and market positioning.
• Nanoramic LaboratoriescoreStrategic or Co-development Partner · 1 July 2023Strategic collaboration for sustainable lithium-ion battery recycling. RecycLiCo and Nanoramic announced key advancements in sustainable battery recycling collaboration, including selection for award negotiations under DOE Advanced Energy Manufacturing and Recycling Grant Program.
• Sonid Inc. (South Korea)secondaryStrategic or Co-development Partner · 9 January 2023MOU signed with Korean electronics manufacturer Sonid to evaluate potential commercial joint venture or technology licensing arrangement for establishing lithium-ion battery recycling facility in Korean market.
• C4VcoreStrategic or Co-development Partner · 6 October 2022Partnership to produce battery cells from recycled-upcycled lithium-ion battery waste. C4V completed phase 1 qualification study converting RecycLiCo's NMC811 precursor cathode material into battery cells. Phase 2 testing includes production of multi-layer commercial size pouch and prismatic cells.
• Kemetco Research Inc.coreTechnology or Integration · 1 January 2022R&D partner providing laboratory analysis, bench scale studies, pilot plant investigations, and consulting services for RecycLiCo's hydrometallurgical process development. Co-inventor Joey Jung, Ph.D. co-authored book on hydrometallurgical recycling published by CRC Press.
• Redwood MaterialsminorOthersMentioned as major company expanding recycling infrastructure in EV battery recycling market reports.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Cirba Solutions: North American battery materials and recycling company (formerly Heritage Battery Recycling) operating commercial-scale lithium-ion battery processing facilities. Direct competitor in enterprise battery recycling services for OEMs and battery manufacturers.
• Redwood Materials: Well-funded US lithium-ion battery recycling company backed by Amazon, Ford, Panasonic, and Toyota. Directly competes in cathode metal recovery and battery materials supply for EV manufacturers, operating commercial-scale recycling facilities.
• Ascend Elements: US-based lithium-ion battery recycling company (formerly Battery Resourcers) using hydrometallurgical processes to produce cathode precursor materials directly from end-of-life batteries and scrap. Closely aligned with RecycLiCo's feedstock-agnostic approach and battery-grade output focus.
• Fortum Oyj: Finnish energy company with growing lithium-ion battery recycling operations using hydrometallurgical processes. Direct peer operating commercial-scale recycling facilities serving European battery and automotive customers.
• Li-Cycle Holdings Corp. Publicly-traded lithium-ion battery recycling company using a spoke (mechanical) and hub (hydrometallurgical) network model. Directly comparable to RecycLiCo as both target end-of-life battery cathode metal recovery for re-use in battery manufacturing supply chains.

Broad incumbents

• Umicore SA: Global materials technology and recycling company with established battery materials and precious metals recycling operations. Comparable broad incumbent in the same battery materials recycling space, with significantly larger scale and diversified portfolio.
• Glencore plc: Global mining and commodities trading giant with active battery recycling and cobalt/nickel processing operations. Comparable as a broad incumbent pursuing battery materials circular economy strategy across mining, smelting, and recycling.

Regional players

• GEM Co., Ltd. China-based major in battery materials recycling and cobalt/nickel products. Comparable hydrometallurgical recycling capability serving Chinese and global battery supply chains, primarily operating in Asia.
• SungEel HiTech Co., Ltd. South Korea's largest lithium-ion battery recycling company. Regional peer serving Korean battery manufacturers (a market RecycLiCo is actively pursuing via Sonid partnership and direct sample delivery to Korean cathode makers).

Emerging players

• Hydrovolt AS: Joint venture between Norsk Hydro and Northvolt focused on European lithium-ion battery recycling. Emerging player with partial overlap, focused on hydrometallurgical processing and black mass recovery similar to RecycLiCo's process.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/RecycLiCo
• LinkedInlinkedin.com/company/recyclico-battery-materials-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RecycLiCo Battery Materials Inc.