LiNiCo Remains on Schedule to Commence Industrial Scale Lithium-ion Battery Recycling Operations

LiNiCo Remains on Schedule to Commence Industrial Scale Lithium-ion Battery Recycling Operations at its Northern Nevada Spoke Facility by Q2 of 2022.

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McCarran, Nevada, Oct. 13, 2021 — LINICO Corporation (“LiNiCo”) is a leading lithium-ion battery (LIB) recycling technology innovator and operator, who’s state-of-the-art plant and laboratory, is located within the Tahoe-Reno Industrial Centre amongst the world’s leading technology companies including Tesla, Google and Switch. LiNiCo continues to accelerate towards operation readiness of its first feeder facility, with its phase one recycling capacity of 33,000 MT/ per year to be operational by Q2 of 2022. At full capacity the facility is expected to recycle up to 100,000 MT of spent LIBs.

Using its innovative, environmentally friendly, and cost effective closed-loop proprietary LIB recycling technology, LiNiCo can recapture and rejuvenate the critical raw battery materials found in spent LIBs, including battery grade Lithium carbonate, Nickel and Cobalt sulphate, and plans to produce pure 99.9% NMC cathode precursor material to supply the battery cathode manufacturers market. With the global lithium-ion battery recycling market projected to rapidly reach $38.21 billion by 2030, attributed to the rise in demand for electric vehicles, consumer electronics products, and sustainable energy storage applications, LiNiCo is well positioned to contribute meaningfully towards creating a global circular-economy, helping to reduce carbon emissions, and a cleaner environmentally sustainable future.

LiNiCo’s scaled pilot plant is currently located at its R&D laboratory in Wisconsin, which currently has a LIB recycling capacity of 250kg per hour producing black mass. LiNiCo’s R&D team is continuing to develop and innovate LiNiCo’s proprietary LIB minerals extraction technologies.

LiNiCo’s plant is located 23 miles east of downtown Reno and located in the Tahoe-Reno Industrial (“TRI”) Centre in Storey County. The TRI Centre offers LiNiCo the perfect location to operate and to services its partners, with the region being the logistics hub of the west. From LiNiCo’s plant, it is 25 minutes to the Reno-Tahoe international airport, a one-day truck shipping time to California, Arizona, Nevada, Utah, Colorado, Oregon, Idaho, Washington and a two-day truck shipping time to New Mexico, Colorado, Wyoming and Montana.