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Bullboard - Stock Discussion Forum RecycLiCo Battery Materials Inc. V.AMY

Alternate Symbol(s):  AMYZF

RecycLiCo Battery Materials Inc is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminium at battery-grade purity, with minimal processing steps. It aims to commercialize its breakthrough RecycLiCo Patented Process and become... see more

TSXV:AMY - Post Discussion

RecycLiCo Battery Materials Inc. > Some info from AGM circular
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Post by EagleNest on Oct 31, 2023 2:24am

Some info from AGM circular

Had a look at the AGM Information Circular posted on AMY's website, and there's actually an estimate of how much the company plans to spend in the near-term:

- Starting capital:  $18MM
- Design of Zenith plant:  $1.175MM
- Construction of Zenith plant:  $9.025MM
- Adminstrative expenses for next 12 months:  $1.135MM

Total spend of $11.55MM. Leaves $6.45MM.

Now we just need Zarko to tell us when the Zenith plant will be up and running. Then we can start counting down the days to when AMY will finally make some money!

EagleNest
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