RecycLiCo Battery Materials (AMY) AI Stock Analysis

• Market Cap: C$32.37M
• Dividend Yield: N/A
• Average Volume (3M): 387.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.21
• Revenue Growth: N/A
• EPS Growth: 93.75%
• Country: CA
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 258,994,140
• 10 Day Avg. Volume: 601,104
• 30 Day Avg. Volume: 387,845
• PEG Ratio: 0.14
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ―

RecycLiCo's stock score reflects significant financial challenges due to lack of revenue, impacting its profitability and growth potential. While the balance sheet is strong, ongoing operational losses and inconsistent cash flow are concerns. Technical indicators show momentum but warn of overbought conditions. Recent corporate events suggest potential strategic growth, but current valuation remains unattractive due to negative profitability metrics.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt and solid cash reserves provides financial stability and flexibility for strategic initiatives.

Strategic Partnerships

Partnerships like the one with PRA Communications enhance visibility and stakeholder engagement, supporting long-term growth and market positioning.

Infrastructure Development

Developing new lab and plant infrastructure strengthens technical capabilities and supports long-term growth in recycling technology.

Negative Factors

Lack of Revenue

The absence of revenue generation limits profitability and growth potential, posing challenges for market penetration and sustainability.

Operational Losses

Continued operational losses strain financial resources and hinder the company's ability to invest in growth and innovation.

Joint Venture Termination

Terminating the joint venture reflects challenges in executing strategic partnerships, potentially impacting growth and market expansion.

RecycLiCo Battery Materials Business Overview & Revenue Model

Company Description

RecycLiCo Battery Materials Inc. engages in the acquisition, exploration, and development of interests in mineral resource projects in Canada and the United States. It is also involved in the research and development of recycling battery cathode waste in lithium-ion batteries. The company explores for manganese, gold, silver, copper, cobalt, tungsten, and niobium deposits. It owns 100% interests in the Rocher Deboule property covering an area of approximately 1,441 hectares located in British Columbia; and the Lonnie property, which covers approximately 674 hectares located in British Columbia. The company also has interests in the Artillery Peak project comprising 30 unpatented mineral claims covering approximately 600 acres, and 13 patented surface estates located in Arizona. The company was formerly known as American Manganese Inc. and changed its name to RecycLiCo Battery Materials Inc. in October 2022. RecycLiCo Battery Materials Inc. was incorporated in 1987 and is headquartered in Surrey, Canada.

How the Company Makes Money

RecycLiCo Battery Materials generates revenue through its proprietary recycling processes that recover high-value materials from used lithium-ion batteries. The company monetizes its technology by processing battery waste to extract and sell recovered materials like lithium, cobalt, and nickel, which are in high demand for the production of new batteries. Additionally, RecycLiCo may engage in strategic partnerships with battery manufacturers and recyclers, leveraging its technology to provide recycling solutions and share in the profits generated from recovered materials. The company's revenue streams are strengthened by the growing demand for electric vehicles and renewable energy storage solutions, which drive the need for sustainable recycling methods for battery components.

RecycLiCo Battery Materials Financial Statement Overview

Summary

RecycLiCo Battery Materials faces significant challenges in generating revenue, impacting profitability and growth potential. Despite a strong balance sheet with no debt and adequate cash reserves, ongoing operational losses and inconsistent cash flow are major concerns for long-term viability.

Income Statement

RecycLiCo Battery Materials has not generated any revenue over the reported periods, which limits the ability to calculate crucial profitability margins. The consistent net losses and negative EBIT and EBITDA reflect substantial operational challenges. The company's financial performance has shown no revenue growth trajectory, indicating potential difficulties in market penetration or product commercialization.

Balance Sheet

The company maintains a healthy balance sheet with no debt and strong cash reserves, reflected in a positive equity position. The debt-to-equity ratio is favorable at zero, and the equity ratio remains high, showcasing a solid financial foundation. However, the lack of revenue and continued operational losses pose a risk to long-term sustainability despite the current balance sheet strength.

Cash Flow

RecycLiCo Battery Materials has shown improvement in operating cash flow from highly negative values to a positive figure in the latest TTM period, suggesting better cash management. However, free cash flow remains inconsistent, and the dependency on external financing is notable. The transition from negative to positive operating cash flow is a positive sign, though sustainability of this trend is uncertain given the lack of revenue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-13.29K	-32.08K	0.00	0.00
EBITDA	-2.21M	-5.57M	-9.03M	-11.22M	-13.05M	3.07M
Net Income	-2.21M	-5.47M	-9.68M	-11.31M	-13.06M	375.13K
Balance Sheet
Total Assets	20.04M	18.27M	19.89M	22.29M	7.44M	861.03K
Cash, Cash Equivalents and Short-Term Investments	13.84M	17.12M	19.59M	21.29M	5.91M	256.95K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	4.46M	79.22K	164.59K	198.45K	545.27K	143.69K
Stockholders Equity	15.58M	18.19M	19.73M	22.09M	6.90M	717.34K
Cash Flow
Free Cash Flow	-1.13M	-1.80M	-4.15M	-4.94M	-2.21M	-858.68K
Operating Cash Flow	-1.96M	-1.80M	-4.15M	-4.71M	-2.16M	-812.50K
Investing Cash Flow	-6.04M	-1.03M	-19.09K	-216.26K	-57.81K	-46.17K
Financing Cash Flow	4.39M	369.60K	2.44M	20.31M	7.86M	655.72K

RecycLiCo Battery Materials Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AMY, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.16, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 54.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AMY.

RecycLiCo Battery Materials Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LCE	52 Neutral	C$95.87M	-39.51	-4.48%	―	―	27.68%
LIS	52 Neutral	C$51.36M	-11.86	-32.98%	―	―	31.55%
NMI	51 Neutral	C$52.16M	-50.00	-3.86%	―	―	―
GMA	50 Neutral	C$58.01M	-21.23	-102.86%	―	-100.00%	-33.58%
AMY	45 Neutral	C$32.37M	-43.94	-2.06%	―	―	93.75%
LBNK	39 Underperform	C$44.25M	-2.70	-122.87%	―	―	-692.49%

RecycLiCo Battery Materials Corporate Events

RecycLiCo Wins Strong Shareholder Backing, Adds Industry Veteran Rob Chang to Board

RecycLiCo Battery Materials reported record shareholder participation at its 2025 annual general meeting, with investors holding nearly 45% of outstanding shares voting and strongly backing all management recommendations, including the slate of directors and the reappointment of De Visser Gray LLP as auditor. The meeting confirmed the board positions of Interim CEO Richard Sadowsky, Chairman Paul Hildebrand, Rod Langtry and Kurt Lageschulte, and added veteran metals and mining analyst and executive Rob Chang as a new director, replacing long‑time board member Andris Kikauka, who will continue as a consultant; the outcome underscores solid shareholder support as the company pursues its strategy to build a secure, responsible North American supply of critical battery minerals.

RecycLiCo Advances Laboratory Construction with Permit Approval

RecycLiCo Battery Materials Inc. has received approval for construction permits for its new research and process-development laboratory in Delta, British Columbia, marking a significant step towards its completion in early 2026. This facility will enhance the company’s capabilities in refining critical minerals and metals, supporting its operational readiness for commercial deployment and adapting to market demands, thereby strengthening its position in the industry.

RecycLiCo Urges Shareholder Participation Ahead of Annual General Meeting

RecycLiCo Battery Materials Inc. has announced the upcoming Annual General Meeting of Shareholders, urging shareholders to vote before the proxy voting deadline on December 12, 2025. The company has received a recommendation from Institutional Shareholder Services Inc. for shareholders to vote in favor of all proposed director nominees. This endorsement highlights RecycLiCo’s strategic positioning in the critical minerals industry, potentially strengthening its operational and market standing.

RecycLiCo Proposes Rob Chang for Board to Boost Strategic Oversight

RecycLiCo Battery Materials Inc. has announced the proposed election of Rob Chang to its Board of Directors, bringing extensive capital-markets and mining-sector experience to the company. This strategic addition aims to enhance the board’s oversight as RecycLiCo advances its critical materials refining technology and strengthens its engagement with strategic partners and funding sources.

RecycLiCo Retains Retiring Director as Consultant for Legacy Asset Management

RecycLiCo Battery Materials Inc. has announced that Andris Kikauka, who is retiring from the company’s Board of Directors, will continue as a consultant to manage the company’s legacy mining assets. This move ensures continuity in oversight and strategic planning as RecycLiCo focuses on scaling and commercializing its critical materials recovery technologies, with Kikauka’s expertise remaining vital to the company’s operations.

RecycLiCo Prepares for 2025 Annual General Meeting with Key Shareholder Votes

RecycLiCo Battery Materials Inc. has announced the filing and mailing of its Management Information Circular for the upcoming Annual General Meeting of Shareholders scheduled for December 16, 2025. The company encourages shareholders to review the circular and vote on the proposed items, as the Board of Directors recommends voting in favor. This meeting is significant for stakeholders as it involves decisions that could impact the company’s operations and strategic direction.

RecycLiCo to Engage at Benchmark Week 2025 for Strategic Growth

RecycLiCo Battery Materials Inc. announced its participation in Benchmark Week 2025, a major global conference for the battery supply chain industry. The company’s involvement aims to expand its network of strategic partners, position its technology as a scalable solution for supply shortages, and engage with global investors and policymakers on decarbonization and circular-economy initiatives. This participation underscores RecycLiCo’s strategic focus on advancing its competitive advantage in circular supply chains and responsible critical mineral sourcing, positioning the company for next-stage commercialization and partnerships.

RecycLiCo’s Interim CEO Highlights Strategic Milestones and Future Path

RecycLiCo Battery Materials Inc. has released an open letter from its Interim CEO, highlighting recent operational achievements and future milestones. The company is enhancing its role in reshaping and securing domestic supply chains for critical minerals across North America. The letter emphasizes progress in corporate policies, technical developments, and financial positioning, reinforcing RecycLiCo’s commitment to transparency, innovation, and value creation for shareholders.

RecycLiCo Partners with Rain City Industrial for New Innovation Lab

RecycLiCo Battery Materials Inc. has contracted Rain City Industrial to design and construct a new laboratory facility at its headquarters in Delta, B.C. This development aims to enhance RecycLiCo’s capacity to advance its critical minerals recovery technologies, supporting the company’s Clean Spot™ technology. The new lab will facilitate research, process testing, and product qualification, playing a crucial role in the company’s efforts to establish a resilient circular supply chain for critical minerals. The collaboration with Rain City Industrial is expected to accelerate RecycLiCo’s operational goals and long-term growth, reinforcing its position in the industry.