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 the Company has applied for an Australian patent (Application No. 22011292156) for the Company’s proprietary process to recover manganese from low grade resources (“AMI’s Patented Process”). The Company currently holds similar patents from South Africa (Patent No. 2013/01364) and the United States (US Patent No. 8,460621 B2), along with a patent application in China (pending). Since significant manganese resources are located in Australia, the Company believes that a patent will be useful for licensing and other commercialization opportunities in that jurisdiction.
AMI’s Patented Process has received international interest and, subject to testing and verification, may be used to recover manganese and produce manganese products from a wider range of resources and materials than originally considered. Over the past year several companies located in South Africa, South America, Indonesia, Vietnam, Eastern Europe, Mexico, and the United States have contacted the Company regarding potentially adapting and incorporating the AMI Patented Process into their own operations to produce manganese products.
“The Company’s current main focus is working towards exploiting the Patented Process for use beyond mining applications, as well as examining its potential for use with other minerals,” said Mr. Reaugh. “Management is striving to unlock the value of the Company’s intellectual property, its patents, by seeking out a broader range commercialization opportunities.”
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.