RecycLiCo Battery Materials agrees to joint venture with Zenith Chemical in Taiwan

About this update from Recyclico Battery Materials Inc

[{"type":"text","content":"RecycLiCo Battery Materials agrees to joint venture with Zenith Chemical in Taiwan\n \n \n (NewsDirect)\n \n \n \n \n RecycLiCo Battery Materials CEO Zarko\nMeseldzija joined Steve Darling from Proactive to share news the\ncompany has made a major move agreeing to a 50-50 joint venture\nagreement with Zenith Chemical Corporation in Taiwan.\n \n \n The deal will see a 2,000 metric ton per\nyear lithium-ion battery recycling plant in built in Taiwan. This\nproject represents a significant scale-up compared to their Vancouver\ndemonstration plant. RecycLiCo aims to tailor their technology to\ndifferent markets and expand through multiple joint ventures.\n \n \n Meseldzija telling Proactive each side\nwill contribute 50% of the cost in three initial stages, with the\nbalance being advanced as required to fund construction and start-up\ncosts. That plant is expected to cost $25 million to build and will be\nused for processing and converting lithium-ion battery waste into\nlithium-ion battery precursor cathode active material, lithium\nhydroxide monohydrate, and lithium carbonate.\n \n \n The Zenith\ncontribution will be funded in cash and RecycLiCo will receive a 10%\ninterest in the joint venture company in return for a license of its\ntechnology, and the rest in cash.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1871,"tagName":"div"}]

More updates from Recyclico Battery Materials Inc