Hannans : Expansion of Lithium Battery Recycling into Major European EV Markets

Expansion of Lithium Battery Recycling into Major European EV Markets

www.hannans.com

ASX:HNR

14 February 2022

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Summary

Our vision is to sustainably produce metals for society in:

• Nordic region;
• United Kingdom and Ireland;
• Italy; and the
• Balkans.

We aim to achieve this vision by recycling lithium batteries - shredding, sorting and refining active battery components into battery grade chemicals

for sale to lithium battery precursor manufacturers.

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Rapid Growth

Our focus is rapid growth via partnerships, corporate activity and organic growth within the European lithium battery supply chain.

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What is LiB Recycling?

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Lithium-ion batteries (LiB) are energy storage devices comprising several metals including nickel, cobalt, lithium and manganese (and others).

If not handled correctly LiB explode, are flammable and toxic.

LiB recycling involves shredding, sorting and refining to make the batteries safe and to recover valuable metals for reuse.

LiB recycling using environmentally and socially acceptable processes is the only way.

Source: Neometals Ltd

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LiB Recycling Technology

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Shredding and sorting (Stage 1) and refining (Stage 2) components of the technology are capable of processing multiple LiB chemistries, formats and types.

Stage 1 products include mixed cathode and anode "black mass" plus steel, plastic and foil.

Stage 2 products include high purity battery chemicals including nickel, cobalt, lithium and manganese sulphates.

Source: Neometals Ltd

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