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American Manganese Inc. (CVE:AMY) reports that it has expanded the scope of Kemetco Research Inc.’s work to include testing for the manufacture of lithium manganese oxide powder.
The press release is quoted as saying:
The mineral resource at American Manganese’s Artillery Peak property will be the source of the manganese component recovered by the Company’s patent pending process, which is progressing, on schedule, through pilot plant development. Manganese content of the LiMn2O4 compound is 61% by weight. The focus of the battery industry on Lithiated Manganese Oxide batteries is a result of the very low cost to produce and the high power output, thermal stability and enhanced safety in comparison with other lithium ion battery types. The rapid growth in battery developments is dramatic.
American Manganese’s President and CEO, Mr. Larry Reaugh says:
“The Company is positioned to take a leading role in providing products to the emerging rechargeable battery market.” “The manganese extraction process is well suited to produce any or all of the high value added manganese products including LMD. LMD is quoted at $30 to $60 US/kilogram FOB China. Artillery Peak’s NI 43-101 Resources are Indicated 6.686 Billion pounds and Inferred 8.881 Billion pounds manganese.”
Click here to access the entire news release.