RecycLiCo Battery Materials Inc. announced the signing of a Memorandum of Understanding with Korean electronics manufacturer, Sonid Inc. The MOU represents promising steps towards a potential commercial joint venture or technology licensing arrangement of RecycLiCo's technology. The MOU outlines the strategic partnership and business framework for establishing a lithium-ion battery recycling facility. Both companies will leverage their strengths and engage in plans regarding the commercial collection, pretreatment, and hydrometallurgical processing of end-of-life batteries.

This partnership represents an exciting opportunity for both companies to expand their operations and contribute to the sustainability of the lithium-ion battery supply chain.