RecycLiCo and Zenith terminate joint venture in Taiwan, RecycLiCo sells interest for $581,114.08.

From GlobeNewswire: 2025-04-29 21:00:00

RecycLiCo Battery Materials Inc. and Zenith Chemical Corporation have decided to abandon their joint venture in Taiwan. RecycLiCo will sell its interest in the joint venture for $581,114.08 and retain ownership of its technology. Zenith will assume full ownership of the joint venture and dissolve the company in Taiwan. This decision was made due to changes in market conditions since the original feasibility study in 2022. RecycLiCo remains committed to its global commercialization strategy and strengthening its cash position by eliminating capital commitments. The company specializes in sustainable lithium-ion battery upcycling and materials production, offering environmentally friendly solutions in energy storage.



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