MOU with the US National Lab Follows Canadian Government Grant Supporting AMY’s EV Battery Recycling Work
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMY” or the “Company”), (TSX.V: AMY; OTC US: AMYZF; FSE: 2AM), is pleased to announce that the Company has entered into a Memorandum of Understanding (“MOU”) with Ames Laboratory, a U.S. Department of Energy National Laboratory, operated by Iowa State University. Ames is the lead national laboratory for the Critical Materials Institute, a U.S. Department of Energy Innovation hub established by Congress in 2013.
As the MOU notes:
The Agreement allows both parties to share an interest in collaborating in the area of materials science to synergistically augment the scope and expertise of each organization and to enhance the technological development of both organizations;
Both parties recognize that the recovery and reclamation of metals and minerals from spent lithium-ion batteries represents a significant source of critical materials; and
Both parties share an interest in collaborating in the exploration of electric vehicle (EV) battery materials recycling options from spent electric vehicle lithium ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese and Lithium-Manganese.
The MOU with the U.S. Government’s Ames Lab follows last month’s award to American Manganese from the Canadian Government’s National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) for the continued development of the Company’s spent electric vehicle battery cathode materials recycling technology.
About Ames Lab and Critical Materials Institute
Ames Laboratory is a U.S. Department of Energy Office of Science national laboratory operated by Iowa State University. Ames Laboratory creates innovative materials, technologies and energy solutions, using its expertise, unique capabilities and interdisciplinary collaborations to solve global problems.
The Critical Materials Institute is a Department of Energy Innovation Hub led by the U.S. Department of Energy’s Ames Laboratory. CMI seeks ways to eliminate and reduce reliance on rare-earth metals and other materials critical to the success of clean energy technologies.
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, Lithium-Cobalt-Aluminum and Lithium-Manganese (Please see the Company’s January 19, 2017 press release for further details).
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer