• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Battery Metals Market
Battery Metals News
Battery Metals Stocks
  • Battery Metals Market
  • Battery Metals News
  • Battery Metals Stocks
lithium investing

American Manganese Inc. Options Hazelton Rocher DeBoule High Grade Copper/Gold/Cobalt Property to Australian Cobalt Explorer

Written by Investing News Network
|
Nov. 01, 2017 11:40AM PST

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSXV:AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to announce that the Company has entered into an option agreement with Liaz Pty Ltd (‘Liaz’).

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSXV:AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM), is pleased to announce that the Company has entered into an option agreement with Liaz Pty Ltd (‘Liaz’) (which has since been acquired by Longford Resources Limited (‘LRL’)) whereby Liaz may earn a 60% interest in AMI’s Rocher Deboule high-grade copper/gold/cobalt property.  Consideration for the option consists of $10,000 cash; an additional payment of $5,000 or 50,000 shares of Liaz/LRL; exploration expenditures of $2,000,000 over four years; and $10,000 cash plus $5000 cash or 50,000 shares of Liaz/LRL each year until the 60% interest has been fully earned by Liaz.

The Rocher Deboule property is part of the Hazelton Project, which includes 3 historic mines:

  • Victoria Mine – where ore grades averaged 123.4 g/t gold and 2.8% cobalt
  • Rocher Deboule Mine – where ore grades averaged 5.9% copper and 2.9 g/t gold
  • Highland Boy Mine – where ore grades averaged 7.0% copper and 1.8 g/t gold

The Project was last mined in 1952 and has had very limited exploration since. There is considerable potential to delineate an additional high‐grade cobalt‐copper‐gold mineralization with modern exploration techniques.

About Longford Resources Ltd.

LRL, listed on the Australian Stock Exchange (ASX: LFR), is a mining company with a cash position of A$2.8 million and is well placed to immediately commence exploration following completion of the acquisition.

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.

Click here to connect with American Manganese Inc. (TSXV:AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM) for an Investor Presentation

Source: americanmanganeseinc.com

american manganese cobalt lithium lithium cobalt high grade copper lithium investing electrolytic manganese
The Conversation (0)

Go Deeper

AI Powered
american manganese news

American Manganese Reports Rocher Deboule IP Geophysical Crew to Test "Vent Zone" IOCG Target

american manganese inc

American Manganese Inc. Achieves 99% Manganese Extraction for U.S. Defense Logistics Agency Wenden Stockpile Project

Latest News

Outlook Reports world

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
  • Energy
    • Uranium
    • Oil and Gas
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Industrial Metals
  • Agriculture
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Gaming
    • Cleantech
    • Emerging Tech
Life Science
    • Biotech
    • Cannabis
    • Psychedelics
    • Pharmaceuticals

Featured Battery Metals Investing Stocks

Atlantic Lithium

Atlantic Lithium (A11:AU)
A11:AU

Galan Lithium

Galan Lithium (GLN:AU)
GLN:AU

American Salars Lithium

American Salars Lithium (USLI:CC)
USLI:CC

Lithium Universe

Lithium Universe (LU7:AU)
LU7:AU

Chariot Corporation

Chariot Corporation (CC9:AU)
CC9:AU

Stardust Power

SDST
More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES