Sixth Wave Innovations Inc. announced that on September 14, 2023 it has signed a strategic Alliance Agreement ("Agreement") with Zero Carbon Technologies Limited ("Zero Carbon"). Under the terms of the Agreement Sixth Wave will perform business management consulting services (collectively the "SIXW Services") for Zero Carbon. These services shall include evaluation of battery recycling extraction and battery metal separation and recovery, program management for implementation of processing plant plans, laboratory analysis of samples, and development of process flow sheets based on best practices and technology available for specific applications.

Any engagement to perform SIXW Services shall be on such terms and conditions as Zero Carbon may approve in its sole discretion. As of this press release, Sixth Wave has delivered a proposal for an advanced lithium ion battery recycling process flow and development program. The input material for the process, referred to as "black mass", contains a mixture of critical battery metals including nickel, cobalt, and lithium, but also significant amounts of graphite and impurities.

The proposal submitted will allow efficient separation and recovery of the metals and graphite and allow for processing these back to battery grade material by Zero Carbon. The proposed work will be covered by a licensing agreement currently under negotiation that provides funding to accelerate the development of a pilot plant and ultimately a production plant that will be at their first recycling location in Spain. Sixth Wave will continue to generate revenue past the development and production facility launch by way of a royalty based on the finished goods produced by the recycling process.

Zero Carbon intends to expand its battery recycling facilities into multiple countries.