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File: AMY Press Release June 1 - Final.docx
American Manganese Inc. Contracts Kemetco for "Proof of Concept" Research on Recycling Lithium Ion Rechargeable Batter
--->ies: Target Materials Include Lithium, Cobalt, Nickel, & Manganese
June 2, 2016 - Vancouver, BC
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. ("American Manganese" or "AMI" or th
--->e "Company"), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to announce that the Company has contrac
--->ted Kemetco Research Inc. to perform "Proof of Concept" testing of the Company's proprietary hydrometallurgical proces
--->s for the recycling of cathode materials of Lithium Ion electric drive vehicle (EDV) batteries.
Mr. Norman Chow, President of Kemetco research Inc., says: "There is currently no known commercial technology for lar
--->ge 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 examinati
--->on 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 US $6400/tonne. Recently repor
--->ted 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 Recy
--->cling International article dated January 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 mark
--->et", says Mr. Reaugh. "The Company's patented hydrometallurgical manganese extraction process is well suited to recyc
--->le and produce any or all of the high value-added cathode materials including Lithium, Cobalt, Nickel, and Manganese.
About Kemetco Research Inc.
Kemetco Research Inc. is a privately owned contract research and development company specializing in extractive metall
--->urgy, chemical processing and specialty chemical analysis. It was formed after the acquisition of the industrial proc
--->ess division of B.C. Research, which had been in operation for over 60 years as a research and development contractor
--->in British Columbia.
About American Manganese Inc.
American Manganese Inc. 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 Inc. toward the examination of
---> applying its patented technology for other purposes and materials. American Manganese Inc. 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 Lithi
--->um-Manganese (Please see the Company's March 31, 2016 press release for further details).
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh President and Chief Executive Officer
Information Contacts:
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444; Email: lreaugh@amymn.com
www.americanmanganeseinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may cont
--->ain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For
---> this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward -looking stateme
--->nts by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to
--->be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not u
--->ndertake any obligation to update forward-looking statements except as required by law.
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