Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or “the Company) (TSX.V: AMY; OTC US: AMYZF; FSE: 2AM), is pleased to announce that the Company has entered into a Finder’s Fee Agreement with CPM Group LLC’s Financial Advisory division to introduce persons or entities who may enter into an arrangement to license the use of the Company’s proprietary hydrometallurgical process to produce chemical manganese dioxide, electrolytic manganese dioxide, and electrolytic manganese metal from manganese–bearing resources; or recycle lithium ion batteries to recover lithium or other constituent metals. The term of the agreement is for one year from the signing date of the agreement.
As compensation, the Company shall pay to CPM a fee for any licensing arrangement consummated with a licensee during the term of the agreement or the two year period afterwards.
American Manganese currently holds patents in the U.S., China and South Africa for its proprietary process to recover high-purity manganese metals from low-grade resources and has patents pending in other jurisdictions around the world.
About CPM Group LLC.
CPM Group is a commodities research, consulting, financial advisory, asset management, and commodities management firm providing independent research, analysis, and advisory services related to commodities markets, corporate and project finance, and financial management of exposure to commodities oriented investments.
The firm is focused on precious, industrial, and specialty metals, as well as energy and agricultural markets. CPM Group is unsurpassed in research and analysis in gold, silver and platinum group metals. In ferroalloys and specialty metal markets, CPM Group has developed specialized expertise in molybdenum, vanadium, chromium, manganese, lithium, tungsten, cobalt, indium, and other specialty metals.
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.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer