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RecycLiCo Battery Materials

AMYZF
Industrial Materials · Basic Materials
Price
$0.04
-0.00 (-2.22%)
Market Cap
$11.4M
Exchange
Other OTC
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+31.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 200.0M (2021) → 262.4M (2025)

Winston Score History

The full picture

RecycLiCo Battery Materials Inc. is a Canadian clean-technology company focused on recycling lithium-ion batteries. It has developed a patented hydrometallurgical process that breaks down used batteries and recovers valuable materials like lithium, cobalt, nickel, and manganese. These recovered materials can then be sold back to battery manufacturers, targeting the growing electric vehicle and energy storage markets.

The company is in the pre-revenue stage, meaning it has not yet generated meaningful sales — it earns no revenue from commercial operations and funds itself primarily through equity financing. RecycLiCo operates mainly in Canada and is a very small company by market size. Its potential competitive advantage lies in its patented recycling process, which it claims produces battery-ready materials with minimal waste. The main risk is that the company must successfully scale its technology from the lab to commercial production, which requires significant capital and time, and there is no guarantee it will reach profitability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-6.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$156,331/ year

Declining (-87% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.6%ownership

Relatively low insider ownership

Cash Runway

~5 years

C$13M cash & investments

Quarterly Free Cash Flow

C$13M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-12.3%
Weak — -12.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.30
Conservative — low debt load (0.30)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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