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or Name
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CA



American Manganese Inc
Symbol AMY
Shares Issued 147,801,195
Close 2017-07-13 C$ 0.135
Market Cap C$ 19,953,161
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American Manganese publishes Li-ion research schedule

2017-07-13 09:27 ET - News Release

Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. PUBLISHES LITHIUM ION BATTERY RECYCLING RESEARCH FLOW CHART AND SCHEDULE

American Manganese Inc. has published Kemetco Research Inc.'s Gantt chart on the company's website. Following the company's recent successful private placement, American Manganese is well positioned to meet budgeted research expenses of $800,000 necessary to support the company's final patent application.

Research will be conducted in final phases as follows:

  • Phase 1B (May 1 to Aug. 16, 2017):
    • Lithium cobalt (LCO): flow sheets 1 and 2; lithium cobalt battery testing and cobalt ore testing;
  • Phase 2 (April 24 to Sept. 6, 2017):
    • Scoping study -- nickel manganese cobalt (NMC): leaching and precipitation; flow sheets 1 and 2; reformation battery testing;
    • Scoping study -- lithium manganese (LMO): leaching and precipitation; flow sheets 1 and 2; reformation battery testing;
    • Scoping study -- nickel cobalt aluminum (NCA): leaching and precipitation; flow sheets 1 and 2; reformation and battery testing
  • Phase 3 (July 10 to Aug, 21, 2017):
    • Optimization of NMC-LMO and LNCA and lock down alternative chemistry flow sheet;
  • Phase 3B (Aug. 22 to Nov. 23, 2017):
    • Locked-cycle work on NMC, LMO and LNCA; battery testing;
  • Patent (Aug. 11 to Nov. 9, 2017):
    • Patent drafting application and submission.

Research commenced on April 24, 2017, and, as of today, is on time and within budget.

To date, the company has successfully recycled 100 per cent of all cathode chemistries mentioned above, with 92 per cent of the lithium recovered. Also, the company has produced rechargeable lithium-ion cobalt and lithium-nickel-manganese-cobalt button cell batteries from its recycled cathode materials.

About American Manganese Inc.

American Manganese 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.

We seek Safe Harbor.

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