Cleantech

TSXV:AMY

American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK:2AM) announced that Kemetco Research Inc. has begun “proof of concept” testing of the Company’s proprietary hydrometallurgical process for the recycling of cathode materials, specifically lithium – cobalt, the battery chemistry currently used by Tesla for the Model S.

American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK:2AM) announced that Kemetco Research Inc. has begun “proof of concept” testing of the Company’s proprietary hydrometallurgical process for the recycling of cathode materials, specifically lithium – cobalt, the battery chemistry currently used by Tesla for the Model S.
American Manganese President and CEO, Larry Reaugh, stated:

The opportunity here is to capitalize on not only the initial orders but also the on-going future orders using a new clean technology to treat this waste (the spent batteries) as a renewable resource. AMY’s process, once proven, will be more economical and environmentally friendly than opening new mines and treating mined ores that contain a fraction of a percent of the target minerals. In addition to the on-going “proof of concept” testing, the Company is developing new technology and know-how for this application from its existing patented and proprietary intellectual property.

Kemetco Research President, Norman Chow, stated:

There are approximately 400,000 vehicles on the Tesla Model 3 waiting list. Each vehicle will have a 60 kWh battery pack, so approximately 24,000,000 kWh (24 GWh) will be required to power these 400,000 vehicles.
One kilogram of lithium cobalt oxide cathode material holds 0.588 kWh. As such, about 40,816,327 kg of cathode materials will be required to meet this initial 24 GWh demand. Eventually all these batteries will reach their end of life, creating an enormous disposal problem and an incredible opportunity for AMY.

Connect with American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK:2AM) to receive an Investor Presentation.

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