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American Manganese Inc
Symbol AMY
Shares Issued 153,197,916
Close 2018-02-28 C$ 0.27
Market Cap C$ 41,363,437
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American Manganese hires Kemetco for pilot plant

2018-03-01 09:49 ET - News Release

Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. SIGNS RESEARCH CONTRACT FOR NEW IP DEVELOPMENT AND PILOT PLANT DEMONSTRATION

American Manganese Inc. has engaged Kemetco Research Inc. to continue with the second phase of the company's lithium-ion battery recycling research and commercialization program.

American Manganese has sourced cathode scraps from the United States and ground active materials from a lithium-ion battery recycler in Europe. These materials will be processed for the next phase of the program.

Kemetco will assist the company in the development of three new IP (intellectual property) extensions as well as the engineering, design, construction, commissioning, installation and testing of the pilot plant. The total budget approved by the company is $2,277,000 including contingencies. The entire project is expected to take 12 to 15 months.

According to president and chief executive officer, Larry Reaugh, "The company is in a good position to capitalize on the soaring value of the LIB (lithium-ion battery) battery metals on which we get 100-per-cent recycling recovery for lithium carbonate ($13,700 per tonne) and cobalt ($81,000 per tonne)."

Two recent articles on cobalt, "Hype Meets Reality as Electric Car Dreams Run into Metal Crunch," and "Mines Linked to Child Labor Are Thriving in Rush for Car Batteries," are available on-line.

About Kemetco Research Inc.

Kemetco Research is a private sector integrated science, technology and innovation company. The company's contract sciences operation provides laboratory analysis and testing, fieldwork, bench-scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Kemetco's clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.

Kemetco provides scientific expertise in the fields of specialty analytical chemistry, chemical process and extractive metallurgy. Because Kemetco carries out research in many different fields, it is able to offer a broader range of backgrounds and expertise than most laboratories.

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 as well as 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 the industry leader in recycling spent electric vehicle lithium-ion batteries and recovering 100 per cent of the cathode metals such as: lithium-cobalt, lithium-cobalt-nickel-manganese, lithium-cobalt-aluminum and lithium-manganese.

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