RecycLiCo Battery Materials Inc.
Climate Impact & Sustainability Data (2024-10-31)
Reporting Period: 2024-10-31
Environmental Metrics
ESG Focus Areas
- Sustainable lithium-ion battery recycling and materials production
Environmental Achievements
- Achieved over 99% extraction of lithium, nickel, cobalt, and manganese from lithium-ion battery production scrap.
- Recycled lithium carbonate produced passed industry-standard tests.
Social Achievements
- Strategic collaboration with Nanoramic Laboratories to optimize the complete life cycle of lithium-ion batteries.
- Joint venture with Zenith Chemical Corporation to establish a commercial-scale recycling plant in Taiwan.
Governance Achievements
- Shareholder approval of the “Change of Business” from a “Mining Issuer” to a “Technology Issuer”.
Climate Goals & Targets
Environmental Challenges
- Inability to raise capital.
- Commercialization and project risks.
- Permitting risks.
- Risks relating to storage and handling of lithium-ion battery cells.
- Risks relating to international operations and geopolitical risk.
- Strategic alliances and joint venture risks.
- Supply risks.
- Inflation risks.
- Inaccurate forecasts.
- Intellectual property protection.
- Fluctuations in mineral and metal prices.
- Demand for electric vehicles.
- Alternative battery technology risk.
- Loss of key personnel.
- Competition risks.
- Environmental regulation.
- Force majeure events.
- Foreign currency risk.
- Litigation risk.
- Changes in economy.
- Changes in law.
- Uninsured or uninsurable risks.
- Risks related to the Common Shares (volatility of share price, risks of dilution, no history of dividends, unfavourable research reports, write-downs and impairments).
Mitigation Strategies
- Reliance on equity financings, exercise of stock options and warrants, and/or private placements.
- Careful management and planning of facilities, hiring qualified personnel.
- Ongoing research and development initiatives.
- Strategic capital deployment.
- Maintaining a robust working capital.
- Securing commitments from suppliers.
- Differentiation based on sustainability and robustness of technology.
- Negotiating supplier agreements.
- Investigating sources of further funding.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Sustainable Products & Innovation
- Recycled lithium carbonate
- Cathode precursor material