Recyclico Battery Materials Inc. (AMYZF)

[gharma]

I am not so sure that would fly in this case. What would be sold? The markets are used to ore concentrate and feromanganese, or at higher end MN flake. None of those products will exist here as I understand it. The intermediate form is a carbonate from the initial leeching. Would industry find that new? Could it be cheaply altered to what buyers are set up to use? Also, it is at that point a short hop to the final refined products where AMY has advantages of proprietary closed loop processing, low electric costs, and high on value chain products. So skipping that part cuts out most of the value-added, and presents an unfamiliar product for off-take. Also, I am guessing, the last part of the processing is cheap compared to the initial mining and leeching if only due to the mass moved.
With the REEs things are different as there may be a number of sources feeding a few processors that do the more chemically intensive part of separating and purifying the different elements, but most of the feeders at this point are free to adjust the form of their take-off (ex. oxides).
jmo