Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to announce the addition of Kurt Lageschulte to the American Manganese Inc. Board of Directors.
Mr. Lageschulte is a Partner and Senior Analyst at Broadbill Investment Partners, LLC (“Broadbill”), a New York-based investment firm. Through funds it manages, Broadbill specializes in identifying and investing in undervalued companies across a wide range of industries; we are excited to have Broadbill as an investor in American Manganese.
Mr. Lageschulte is a founding Partner at Broadbill, and was previously employed as a Senior Analyst with Aspen Advisors from 2002 to 2010. He has been an active member of a number of ad hoc equity and bondholder committees during his career; most recently, he advised the Special Committee of the Penn Treaty American Corporation board in a complex negotiation with industry regulators.
Kurt’s experience in the energy, renewable and mining industries, coupled with significant expertise in the capital markets will enable Kurt and the Broadbill team to help American Manganese in the reaching its goals in the coming years.
His excellent background and experience will be invaluable to the Company and its stakeholders. I am very pleased to welcome Kurt to the Board.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of American Manganese Inc. toward the examination of applying its patented technology for other purposes and materials. American Manganese Inc. aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese (Please see the Company’s March 31, 2016 press release for further details).
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer