05:03:36 EDT Sun 24 Jun 2018
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American Manganese Inc
Symbol C : AMY
Shares Issued 149,099,472
Close 2017-11-21 C$ 0.20
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American Manganese applies for PCT patent

2017-11-22 13:50 ET - News Release

Mr. Larry Reaugh reports

PCT INTERNATIONAL PATENT APPLICATION SUBMITTED FOR LITHIUM ION BATTERIES RECYCLING PROCESS AND RECOVERY OF CATHODE MATERIALS

American Manganese Inc. has filed its Patent Co-operative Treaty (PCT) patent application on Nov. 9, 2017.

The PCT application is a unified international patent application with 152 participating independent states and countries. With the filing of the PCT application, the company's proprietary technology becomes patent pending in these international jurisdictions.

The PCT application is another important milestone as the company continues develop and assemble intellectually property assets to capitalize on its technology for recycling lithium-ion batteries.

A recent article published by Reuters, "Metal recyclers prepare for electric car revolution," details the opportunity that exists for developing processes to extract metals from spent batteries to capitalize on the expected shortfall in materials such as cobalt and lithium due to the rapidly growing electric vehicle revolution.

The electric vehicle market is rapidly expanding with new products being introduced on a regular basis. For example, Reuters reports that Volkswagen has decided on a strategic shift to electric vehicles and aims to make up to three million electric vehicles by 2025. To meet this production capacity, it is estimated that more than 150 gigawatt-hours of battery capacity annually will be required, and Volkswagen has been seeking to secure supply contracts for cobalt.

Tesla recently announced a new semi-truck with less-than-two-kilowatt-hour-per-mile energy consumption and up to a 500-mile range; the battery pack size is calculated to be 1,000 kilowatt-hours (or greater than 10 times the battery capacity of an electric car).

Two years ago, American Manganese had recognized that the rapidly growing demand for electric vehicles would lead to supply strains on materials used to make lithium-ion batteries, particularly cobalt. As such, the company has been developing its strong intellectual property portfolio to capitalize on this opportunity.

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.

We seek Safe Harbor.

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