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American Manganese Inc. Signs Research Contract for New IP Development and Pilot Plant Demonstration
Mar. 01, 2018 05:53AM PST
Battery Metals Investing
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK: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.
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK: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 the industry leader in recycling spent electric vehicle lithium ion batteries and recovering 100% of the cathode metals such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, Lithium-Cobalt- Aluminum and Lithium-Manganese (Please see the Company’s July 27, 2017 press release for further details).
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Information Contacts:
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444; Email: lreaugh@amymn.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward –looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
Source: www.fscwire.com
