Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. UPDATES LITHIUM ION BATTERY RECYCLING AND DISCUSSES METAL MARKETS

Kemetco has completed the successful production of rechargeable lithium-ion batteries from recycled lithium manganese oxide (LMO), lithium cobalt oxide (LCO), lithium nickel manganese cobalt oxide (NMC) and lithium nickel cobalt aluminum oxide (NCA) batteries from recycled materials, produced with American Manganese Inc.'s hydrometallurgical process technology. The four batteries represent the leading chemistries in the rapidly evolving battery space.

American Manganese's research work is on schedule and on budget for the completion and filing of American Manganese's patent application by November, 2017. American Manganese's technology has been successful in making LMO, LCO, NMC and NCA batteries from recycled materials resulting in American Manganese's ability to cover a wide market spectrum as follows:

• LMO batteries are high-power batteries commonly used in power tools.
• LCO batteries are high-energy batteries and used extensively in personal electronics, smart phones and notebook computers.
• NMC and NCA batteries provide a combination of power and energy, and are becoming the preferred chemistries for the rapidly growing electric vehicle market.

The lithium-ion battery market could reach $69-billion (1) by 2022 from $23.5-billion in 2015.

(1) Sourced from the Markets and Markets website.

"The cathode metal markets continue to be robust, especially cobalt at $61,000/tonne, lithium carbonate at $12,000/tonne, with nickel up 35 per cent in the last 60 days to $12,000/tonne," said Larry Reaugh, president and chief executive officer of the company. "This bodes well for AMI's recycling opportunities."

Prices of large-flake graphite have been rising in the past few months to $1,150/tonne.

The company will begin research to recover the graphite from the anodes (copper foils) once the U.S. patents are filed, and anticipates possible filings of additional patents relating to Kemetco's continuing research.

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.

Interest in the company's patented process has adjusted the focus of American Manganese toward the examination of applying its patented technology for other purposes and materials. American Manganese aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as: lithium-cobalt, lithium-cobalt-nickel-manganese and lithium-manganese.

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