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 Company has received China Patent No. 201180050306.7, which will become effective upon receipt of the patent fee for processing of Manganous Sulphate-Dithionate Liquor. The Company currently holds similar patents from South Africa (Patent No. 2013/01364) and the United States (US Patent No. 8,460,631 B2), along with a patent application in Australia (pending). The patents describe key details of how manganese can be recovered from low grade resources.
Interest in the Company’s patented process has adjusted the focus of American Manganese Inc. toward the examination of applying its technology for other purposes and materials. American Manganese Inc. aims to capitalize on its patented technology and proprietary know-how to become an industry leader in the recycling of lithium ion batteries (please see the Company’s August 19, 2015 press release for further details).
As presented in the October 6, 2015 article by Kirstin Linnenkoper in Recycling International, “China’s latest Electric Vehicle Power Battery Recycling Technology Policy (2015 edition) identifies car manufacturers as the ‘responsible body’ for recycling. The legislation aims to provide guidance to the relevant enterprises to carry out EV power battery production and recycling, and will form the basis of a new recycling system for upstream and downstream firms in the sector.
Commercial value exploration has been ‘restrained’, it is alleged, because no party has been assigned the task of ensuring proper recycling. The policy revision now hands this responsibility to domestic producers of EVs, as well as to overseas companies and import dealerships. It means that manufacturers must consider the policy before starting the production process.”
Mr. Reaugh states: “Receipt of the Chinese patent presents opportunities for the Company to pursue licensing arrangements in China and off-shore funding, particularly in light of China’s new stated policy for recycling electric vehicle (EV) batteries.”
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