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Harrison Stafford

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  1. RecycLiCo Battery Materials and Zenith Chemical Announce a US$25 Million Lithium-ion Battery Recycling Joint Venture in Taiwan Published on June 12, 2023 RecycLiCo Battery Materials Inc. (“RecycLiCo”), a battery materials company specializing in the development of novel and environmentally friendly lithium-ion battery recycling and upcycling technologies, is pleased to announce it has entered a 50-50 joint venture with Zenith Chemical Corporation (“Zenith”) to build a 2,000 metric ton per year lithium-ion battery recycling plant in Taiwan. The initial plant, estimated to cost US$25 million will be dedicated to processing and converting lithium-ion battery waste into valuable resources such as lithium-ion battery precursor cathode active material, lithium hydroxide monohydrate, and lithium carbonate. The parties have agreed to build their first commercial scale battery recycling facility and contribute 50% of the required capital in three initial stages, with the balance being advanced as required to fund construction and start-up costs. The Zenith contribution (50%) will be funded in cash and RecycLiCo will receive a 10% interest in the joint venture company in return for a license of its technology, with the balance (40%) of its interest in cash. In building the first commercial battery recycling plant, based on RecycLiCo’s technology, the joint venture combines the extensive expertise, resources, and novel technology of both RecycLiCo and Zenith. The joint venture facility will leverage RecycLiCo’s lithium-ion battery recycling process and Zenith’s existing land, infrastructure, and labor resources in Taiwan. Since signing a Memorandum of Understanding (“MOU”) in February 2022, RecycLiCo and Zenith have successfully collaborated with a leading battery materials company to validate the RecycLiCo process and to confirm the quality of its high-nickel cathode precursors and lithium chemical products. Zenith specializes in the production of nickel-based chemicals, including high-purity nickel sulfate for lithium-ion batteries. Zenith’s products have gained recognition and qualification from major cathode producers worldwide. Zenith also has a shareholding partnership with Hanwa Co., Ltd, a large publicly traded Japanese distribution company known for its expertise in lithium-ion battery-related materials. Additionally, Zenith collaborates, through a joint venture, with Central Glass Co., Ltd., a leading Japanese publicly traded company specializing in fluorine-based chemicals, and cater to the semiconductor and lithium-ion battery markets. Zarko Meseldzija, CEO of RecycLiCo, comments, “By leveraging our collective strengths and expertise, we are confident in our ability to make a significant impact in the battery recycling industry, supporting the circular economy, and demonstrating the efficiency of our process on a commercial scale. This partnership signifies a crucial step forward in our business plan and represents an exciting opportunity for the battery recycling landscape.” Paul Hildebrand, Chairman of RecycLiCo, added: “Zenith is an ideal partner for our first joint venture on several levels. They have deep technical expertise in chemical processing, and established infrastructure, which will enable us to move swiftly and efficiently toward production. Zenith has extensive contacts in the lithium-ion battery field, and as a private company, they possess a dynamic and flexible management team capable of reacting quickly to emerging opportunities. I extend my gratitude to the management teams from both Zenith and RecycLiCo for their commitment and dedication in bringing this agreement to fruition.” James Fang, Chairman of Zenith Chemicals, comments, “I am pleased to announce our joint venture and look forward to working closely with RecycLiCo to establish the first commercial recycling plant in the world, based on RecycLiCo’s proprietary technology.” As an incentive to enter the joint venture, RecycLiCo will receive a royalty on net product sales and Zenith will receive 4,000,000 RecycLiCo shares and 6,000,000 share purchase warrants. The warrants will have a five-year term, and an exercise price based on the weighted average trading price for the 30-day period preceding the agreement. All securities issued under the joint venture agreement will have a four-month hold period, and the joint venture agreement is subject to acceptance by the TSX Venture Exchange and Investment Commission, Ministry of Economic Affairs of the Republic of China (“ICMOEA”). About RecycLiCo RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel,and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries. About Zenith Zenith Chemical Corporation, a Taiwanese company, specializes in the production of nickel-based chemicals, including high-purity nickel sulfate for lithium-ion batteries. With a strong focus on serving the lithium-ion battery industry, Zenith’s products have gained recognition and qualification from major cathode producers worldwide. The company also has a shareholding partnership with Hanwa Co., Ltd, a large publicly traded Japanese distribution company known for its expertise in lithium-ion battery-related materials. Additionally, Zenith collaborates, through a joint venture, with Central Glass Co., Ltd., a leading Japanese publicly traded company specializing in fluorine-based chemicals, and cater to the semiconductor and lithium-ion battery markets. For more information, please contact: Investor Services Telephone: 778-574-4444 Email: InvestorServices@recyclico.com The plant is expected to be completed in 2024.
  2. God doesn’t want >Jerry< to win another Super Bowl
  3. One of you is correct.
  4. Death by Dusty.
  5. The Seattle - Arlington series starts Friday. I cut you. You cut me. I cut you. You cut me.
  6. Aggy is simply short for aggravation.
  7. Just read an article where the administration did not put uranium on critical materials list....what a bunch of morons.
  8. On days like today (following last night’s collapse), I tell myself it could always be worse. We could be the Rangers.
  9. This is a team that’s consistently behind in the count and it’s getting old.
  10. EOSE +.34 to $2.62. This doesn’t hurt….. “Eos Z3™ Energy Storage System Selected by Dominion Energy Virginia for Groundbreaking New Pilot Project Globe Newswire10:00 AM Eastern Daylight Time Sep 19, 2023 EDISON, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos"), a leading provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, has been selected by Dominion Energy Virginia (Dominion Energy) to provide 16 MWh of storage to participate in a groundbreaking pilot project that is expected to strengthen the resiliency of the region’s electrical grid. The Darbytown Storage Pilot Project would measure the performance of the Eos Z3™ zinc-hybrid energy storage system across multiple use cases. Eos’s manufactured in America system is focused on providing safe, reliable, and flexible long-duration storage that is critical to efficiently harness power from clean energy sources like wind and solar. The Eos Z3 energy system strives to address the intermittency of renewable energy by storing energy when there is excess supply and then discharging that energy when the sun is not shining, or the wind is not blowing. In this project, the Eos Z3 system’s primary use case would provide Dominion Energy customers with four hours of discharge capacity; however, the Eos Z3 battery provides the flexibility to be configured for discharging energy across a wide operating range that can be as little as three hours and up to twelve hours. “We are proud to have been selected for this critical project. Eos was founded on the belief that renewable energy sources require long duration storage to fully maximize their contribution to the energy mix. Dominion Energy understands that challenge and also that meeting those needs requires multiple storage technologies,” said Marshall Chapin, Chief Customer Officer of Eos Energy Enterprises. “We’re excited for the opportunity to showcase the performance of our zinc-hybrid Eos Z3 energy system to one of the country’s premier utilities, Dominion Energy.” “Battery storage is a key component in making the grid increasingly clean,” said Ed Baine, President of Dominion Energy Virginia. “We are excited about this pilot project and partnering with Eos Energy Enterprises on its zinc-hybrid technology, which provides a safer alternative to conventional lithium-ion batteries.” If approved by both the Virginia State Corporation Commission (SCC) and Henrico County, construction on the project would begin at the Darbytown Power Station by late 2024 and be operational by late 2026. The total project would store up to 11 MW of electricity and power up to 2,750 homes in the region, with Eos contributing 4 MW or 16 MWh. The Darbytown project, proposed in a filing made on September 18th to the Virginia State Corporation Commission (SCC), comes as Dominion is in the process of developing the largest offshore wind project in the U.S. and continuing to grow the second-largest solar power fleet nationwide. In addition to a longer duration, Eos Z3 batteries present several other advantages over more traditional energy storage systems. Eos Z3™ modules are inherently nonflammable. With a water-based electrolyte and flame-retardant polymer framing, there’s minimal risk of thermal runaway. When fully charged, they’re at most mildly acidic (pH 2-4 range). Even when overcharged, the predominant outgassing component is water vapor.”
  11. When one of my stocks goes to $2000/share, I’m going to buy the Astros and we’ll fix this shit.
  12. Digging today’s UUUU action. +.22 to $8.64 on twice the normal volume hitting another 52 week high.
  13. Have we played consecutive games this season with the same lineup? Yes, I’m being serious.
  14. Yeah, I’m old. So?
  15. Just turned on the game and thought Gino Cappelletti was playing.
  16. I cheered for the Dodgers today and I never cheer for the Dodgers. Desperate times call for desperate measures.
  17. Stroud did not look like a rookie. After today’s performance am all in with him as QB.
  18. Stroud goes 30-47 for 384 yds and 2 TD’s with no interceptions. The Texans haz a QB. Yeah, I’ll say it.
  19. Well, he is aggy.
  20. Fuck those officials. Seriously.
  21. Why not both incompetent and biased?
  22. Well, whatever he's got, I wish he'd give it to his teammates.
  23. The folly of the game is one of its appeals.
  24. The price of uranium has risen from $49/lb at the beginning of the year to today’s price of $66/lb. Yes, we can have $11. Holding 20,000 shares of UUUU with a cost basis of $6.19. This stuff is fun when it works.
  25. UUUU +.24 to $8.32. If it can clear 8.45 on a closing basis for a day or so, methinks it can test the $10-11 area.
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