American Manganese Inc. (“AMY” or the “Company”) will be amending the exercise price for 3,600,000 stock options previously granted in February 2021, subject to acceptance by the TSX Venture Exchange (the “Exchange”). For the 1,000,000 stock options previously granted on February 16, 2021, the exercise price per share will be reduced from$1.99 to $1.00. For 2,600,000 of the stock options previously granted on February 17, 2021, the exercise price per share will be reduced from $2.63 to $1.00. None of the optionees are Insiders. All other terms and conditions of these stock options remain the same.
About American Manganese Inc.
American Manganese Inc. is a critical minerals company focused on the upcycling of lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ Patented Process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
American Manganese’s original patented manganese process is the cornerstone technology in the development of the Company’s lithium-ion battery cathode recycling process, RecycLiCo™.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer