American Manganese Appoints Upreti to Advisory Board

 
American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK:2AM) has appointed Dr. Shailesh Upreti to its existing advisory board (see press release dated Oct. 26, 2016). Dr. Upreti recently won a $500,000 cash award in the United States’ clean-tech business competition (76W Clean Energy Tech Competition) held in New York recently.
“Dr. Upreti is a well-respected lithium-ion technology expert and inventor of multiple breakthrough technologies,” said Larry Reaugh, president and chief executive officer. An IIT Delhi graduate, Dr. Upreti has worked closely with Prof. Stan Whittingham (a key figure in the history of the development of lithium batteries) and holds multiple U.S. patents and their foreign equivalents in more than 30 countries. In addition to his technical degree he also has a master’s degree in international business management as well as extensive experience as an entrepreneur.
Dr. Upreti’s 16 years of extensive business experience includes bringing new products to market, business development, lithium-ion supply chain and industry networking, downstream processing, and investigating organizational performance gaps. Dr. Upreti has successfully commercialized more than five different technologies to market including one in the material recycling space. He is well integrated in the global battery industry and services on various advisory boards. Dr. Upreti is particularly adept in defining corporate commercial objectives, business support programs and achieving organizational goals while bringing new technologies to market.
Mr. Reaugh noted, “The company is very pleased that its advanced technology for recycling lithium-ion cathode material from spent electric vehicle batteries is able to attract high-calibre experts such as Dr. Upreti to help build and implement our closed-loop lithium-ion battery recycling business plan.”
Norm Chow of Kemetco said, “The additional expertise that AMI’s technology has attracted is another verification that AMI and Kemetco are succeeding in the ongoing research and development program for AMI’s recycling technology lithium-ion battery technology.”
For his participation as an advisory consultant, the company has granted Dr. Upreti 600,000 incentive stock options. The options are exercisable at a price of 24 cents per share for a five-year term. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from the date of the grant. The stock option grants are subject to acceptance by the TSX Venture Exchange.
About American Manganese
American Manganese 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.
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