ev battery

American Manganese Welcomes the Inclusion of EV Batteries in President Biden's Executive Order Strengthening Critical Supply Chains

American Manganese is Developing Strategic Sources of Four U.S. Government-Listed Critical Minerals

Elevation of EV Battery Supply Chain Puts Spotlight on RecycLiCo's Rapid Development

AMY's Critical Mineral Work Has Support from Canadian Government Agency and Two Departments of the U.S. Government

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM)("AMY" or the "Company"), is pleased to comment on U.S. President Joe Biden's Executive Order (EO) directing the strengthening of critical supply chains, which specifies "high-capacity batteries, including Electric Vehicle Batteries" as one of three key technology supply chains. The Biden Administration EO also identifies "critical minerals and other… strategic materials" as a fourth critical supply chain in its own right, building on Executive Order 13953 (September 30, 2020), in which former U.S. President Donald Trump declared a critical minerals "national emergency

Through its patented RecycLiCoâ„¢ EV battery recycling technology and its work for the U.S. Department of Defense/Defense Logistics Agency investigating the production of Electrolytic Manganese Metal (EMM) from the Pentagon's low-grade Wenden (Arizona) Stockpile, AMY is developing strategic sources for four U.S.-listed Critical Minerals: lithium, cobalt, manganese and aluminum.

"With so much partisan wrangling at present, it would be easy to overlook what is now an emerging consensus bridging both political parties and both the U.S. Congress and the Executive Branch that key tech sectors like EV Batteries - and the critical minerals needed to make them - are essential to a nation's economy and security," said Mr. Reaugh.

Concerning EV Battery materials in particular, AMY is presently working with the U.S. Department of Energy's Critical Materials Institute and the Oak Ridge National Lab in a program to optimize lithium-ion battery recycling recoveries.

American Manganese's advanced and patented lithium-ion battery cathode recycling process, RecycLiCoâ„¢, has achieved 99.7% extraction of lithium-ion battery material with its pilot plant project, and is currently researching the production of cathode precursor material, from battery scrap, that could be directly integrated into the re-manufacturing of lithium-ion batteries. The Company has also received funding from the Canadian Federal Government's National Research Council of Canada Industrial Research Assistance Program and has been awarded the Solar Impulse Efficient Solution Label for its RecycLiCoâ„¢ solution. "The fact that AMY's critical minerals work is receiving support from both the Canadian Government and from the U.S. Departments of Defense and Energy underscores the confidence we have in our process and our projects," continued Mr. Reaugh.

The electric vehicle market is expanding quickly, and both industry and governments are gearing up for an action plan to combat climate change. Automotive companies such as General Motors (GM) announced that it wants to go fossil-fuel free by 2035 while a growing list of countries including Norway, Denmark, Netherlands and the UK plan to ban the sale of internal combustion vehicles as early as 2025.

American Manganese's Role as a Critical Minerals Supplier
The U.S. is 100% import-dependent on manganese and there is no substitute for manganese in the production of steel. The Artillery Peak property in Arizona contains significant resources of manganese, as confirmed in the Company's 2012 pre-feasibility report. Although the resources are low in grade, American Manganese holds a U.S. patent which can potentially be utilized for the production of Electrolytic Manganese Metal (EMM) and Electrolytic Manganese Dioxide (EMD) from low-grade manganese material.

The formal U.S. Government Critical Minerals List includes commonly used lithium-ion battery materials and American Manganese holds patents for recycling cathode materials used in lithium-ion batteries with high purity and recovery potential of lithium, nickel, cobalt, manganese, and aluminum.

About American Manganese Inc.
American Manganese Inc. is a critical metals company focused on recycling of lithium-ion batteries (RecycLiCoâ„¢) and the production of electrolytic manganese metal from low grade U.S. resources. The recycling process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCoâ„¢ patented process and become an industry leader in recycling cathode materials from lithium-ion battery manufacturing waste.

On behalf of Management
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: (778) 574-4444
Email: lreaugh@amymn.com


www.americanmanganeseinc.com
www.recyclico.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: American Manganese Inc.



View source version on accesswire.com:
https://www.accesswire.com/631817/American-Manganese-Welcomes-the-Inclusion-of-EV-Batteries-in-President-Bidens-Executive-Order-Strengthening-Critical-Supply-Chains

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private Placement

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Corporation") is pleased to announce that it has completed a second closing (the "Second Closing") of its previously announced financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Offering") and concurrent private placement (the "Private Placement" and together with the LIFE Offering, the "Offerings") of up to an aggregate of 12,820,512 units (each, a "Unit") at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.

Keep reading...Show less
Troy Minerals (CSE:TROY)

Troy Minerals Announces Maiden Inferred Resource Estimate for High-Purity Silica at Table Mountain Project, BC

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of an initial Inferred Mineral Resource Estimate ("MRE") for high-purity silica at its 100%-owned Table Mountain Project, located near Golden, British Columbia, Canada (Figure 1).

Key Highlights:

Keep reading...Show less
Troy Minerals (CSE:TROY)

Troy Minerals Announces Life Offering

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce aprivate placement offering (the "Offering") of a minimum of 10,000,000 units of the Company (each a "Unit") and up to a maximum of 15,000,000 Units at a price of $0.10 per Unit, for gross proceeds of up to $1,500,000.

Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share at a price of $0.15 per common share for a period of two years from the date of issuance.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Annual and Special Meeting Results

 CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Company") is pleased to announce that all resolutions were passed by requisite majority at its annual and special meeting of shareholders held earlier today in virtual format.

The seven incumbent directors, Julian Treger, Raffaele (Lucio) Genovese, Tom Albanese, Margot Naudie, Sharon Fay, Erez Ichilov and Robert Harward were re-elected to the Board by shareholders. The shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and the Company's amended and restated omnibus equity incentive plan.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Initial Closing of Life Offering and Concurrent Private Placement

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Corporation") is pleased to announce that it has completed an initial closing (the "Initial Closing") of its previously announced financing under the Listed Issuer Financing Exemption (as defined below) (the "LIFE Offering") and concurrent private placement (the "Private Placement" and together with the LIFE Offering, the "Offerings") of up to an aggregate of 12,820,512 units (each, a "Unit") at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.

Keep reading...Show less
Hempalta (TSXV:HEMP)

Hempalta Issues Open Call for Strategic Partnerships to Scale Alberta-Based Nature-Based Carbon Program

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce an open call for strategic partnerships to support the scale-up of its closed-loop, on-farm carbon removal program — already operating with 13 Alberta farms and over 10,000 acres of regenerative hemp cultivation.

The initiative builds on Hempalta's existing verified success and aims to expand to 25,000 acres in Alberta, delivering high-durability carbon removal credits through the transformation of agricultural waste into biochar — a nature-based climate solution recognized for its permanence and co-benefits to soil health.

Keep reading...Show less

Latest Press Releases

Related News

×