SURREY, British Columbia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. ("RecycLiCo" or the "Company") (TSX.V: AMY; OTC-US: AMYZF; FSE: ID4), a global leader in sustainable lithium-ion battery recycling technology, is pleased to report the results of its 2023 Annual General and Special Meeting. Shareholders approved of all matters put before them, including: (a) the reappointment of DeVisser Gray, Chartered Accountants as auditors of the Company for the next fiscal year; (b) the adoption of the Omnibus Equity Incentive Plan; and (c) the Change of Business, whereby the Company will be listed on the TSX Venture Exchange as a Technology Issuer instead of a Mining Issuer.
The motion to increase the board of directors to six members was not approved by shareholders.
Edward Skoda, who has served as a director of the Company since 2013, stepped down before the meeting and did not stand for re-election. The Company's board of directors (the "Board") and management thank Mr. Skoda for his many years of service.
The remaining nominees - Zarko Meseldzija, Shaheem Ali, Andris Kikauka, Paul Hildebrand, and Rod Langtry - will form the Board, except for Mr. Ali who resigned from his position as director at the meeting. The newly constituted Board has appointed Richard Sadowsky to the seat vacated by Mr. Ali.
Mr. Sadowsky is a lawyer and consultant based in New York with several decades of experience in complex transactions and investment banking. He was previously the acting CEO of Voltari Corporation (a NASDAQ-listed company) and a partner of SNR Denton (Dentons) and Rubin Baum LLP. Mr. Sadowsky also worked as an investment banker with CIBC World Markets, stationed in New York.
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.
For more information, please contact:
Teresa Piorun, Senior Corporate Secretary
Telephone: 778-574-4444 Email: InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
