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 engaged Kemetco Research Inc. to continue with the second phase of the company’s lithium-ion battery recycling research and commercialization program.
American Manganese has sourced cathode scraps from the United States and ground active materials from a lithium-ion battery recycler in Europe. (Click here for photos). These materials will be processed for the next phase of the program.
Kemetco will assist the Company in the development of three new IP extensions as well as the engineering, design, construction, commissioning, installation and testing of the pilot plant. The total budget approved by the Company is $2,277,000 including contingencies. The entire project is expected to take 12-15 months.
According to President and CEO Larry Reaugh, “the company is in a good position to capitalize on the soaring value of the LIB battery metals on which we get 100% recycling recovery for Lithium Carbonate ($13,700/ tonne) and Cobalt ($81,000/tonne).”
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About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it is able to offer a broader range of backgrounds and expertise than most laboratories.
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, and Lithium-Manganese (Please see the Company’s January 27, 2017 press release for further details).
The company has updated their PowerPoint which can be viewed here.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer