Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. CONTRACTS KEMETCO FOR "PROOF OF CONCEPT" RESEARCH ON RECYCLING LITHIUM ION RECHARGEABLE BATTERIES: TARGET MATERIALS INCLUDE LITHIUM, COBALT, NICKEL, & MANGANESE

American Manganese Inc. has contracted Kemetco Research Inc. to perform proof-of-concept testing of the company's proprietary hydrometallurgical process for the recycling of cathode materials of lithium ion electric drive vehicle (EDV) batteries.

Norman Chow, president of Kemetco Tesearch Inc., said: "There is currently no known commercial technology for large-scale recycling of cathode materials of multiple chemistries. Spent cathode materials represent an ideal feedstock to be processed with American Manganese's proprietary hydrometallurgical process." Independent third party examination of the process concurred that it should be technically viable.

Currently, the demand for lithium for use in electric vehicle battery cathode materials is outstripping the available supply. The price of lithium carbonate feedstock in North America at present is about $6,400 (U.S.) per tonne. Recently reported Chinese spot prices have been triple this amount.

One factor driving demand is that the first generation EDV batteries are reaching the end of their life cycle. A Recycling International article dated Jan. 12, 2016, by Kristen Linnenkoper, titled "EDV batteries present big recycling opportunity," reports that 276,000 electric drive vehicle batteries expired or left service by in 2015. It estimates that this number will increase to 358,000 by 2020 and 849,000 by 2025. These spent batteries are a growing feedstock for recycling and upcycling efforts.

"The company is positioned to take a leading role in providing solutions to the emerging rechargeable EDV battery market," said Larry Reaugh, president and chief executive officer. "The company's patented hydrometallurgical manganese extraction process is well suited to recycle and produce any or all of the high-value-added cathode materials including lithium, cobalt, nickel and manganese."

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