American Manganese Inc. (TSX-V: AMY | OTC US: AMYZF | FSE: 2AM) is a diversified exploration and development company focusing on Recycling Lithium-ion Batteries (LIBs) and minerals needed in the Battery and Steel manufacturing industry.
The company is led by President and CEO Larry Reaugh, who has 53 years’ experience in the mining industry, is credited with several producing mines and has raised more than $350 million for mining exploration and development.
Electrolytic Manganese: China controls the supply 98.5% (3 billion lbs.) for the world.- Artillery Peak area in Arizona – largest known manganese resource in Southwest USA
IOCG: a newly-recognized deposit type with huge potential, evidenced by examples like Olympic Dam (reserves of 650 million tonnes) – Rocher Deboule Property in British Columbia. Three Bulk Tonnage Target – contains High Grade Gold & Cobalt.
Niobium: rising demand in its use in steel alloys, niobium is also finding its way into widespread component manufacture in electronics- Brent & Lonnie Niobium Properties in B.C.
100% Recovery: Company has recovered 100% of all cathode materials especially cobalt which is in short supply;
New Cobalt Source: Ability to help alleviate cobalt demand;
Cleaner Metals: A cleaner more socially acceptable approach to supply of battery metals.