05:49:51 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



American Manganese Inc
Symbol AMY
Shares Issued 124,550,880
Close 2016-08-03 C$ 0.03
Market Cap C$ 3,736,526
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ORIGINAL: Successful Phase 1 Recycling Results in Leaching 100% Lithium and Cobalt Using American Manganese Inc.’s Patented Process

2016-08-04 09:07 ET - News Release

Successful Phase 1 Recycling Results in Leaching 100% Lithium and Cobalt Using American Manganese Inc.’s Patented Process



Vancouver, BC (FSCwire) - Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSX.V:  AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM), is pleased to announce that the Company has received the first progress report from Kemetco Research Inc. (Kemetco) on Recycling Lithium – Cobalt Cathode Materials essential to the production of Lithium Ion Batteries.

 

Ten reductive leach tests were conducted with a range of conditions using AMI’s proprietary process.  Extractions of 100% for both lithium and cobalt were achieved from cathode powders used for lithium ion batteries. 

 

“With the completion of this Phase 1 work, the Company is now in a position to have Kemetco conduct additional, more fine-grained leaching tests, leading to metal precipitation tests and the production of rechargeable coin cell batteries in Phase 3 from 100 % recycled materials.”, says Mr. Reaugh.  “What is becoming clear is that the Company’s patented hydrometallurgical 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.”

 

About Kemetco Research Inc.

 

Kemetco Research Inc. is a privately owned contract research and development company specializing in extractive metallurgy, chemical processing and specialty chemical analysis.  It was formed after the acquisition of the industrial process 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 Lithium-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 contain “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 statements 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 undertake any obligation to update forward-looking statements except as required by law



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/AmericanManganese08042016.pdf

Source: American Manganese Inc. (TSX Venture:AMY, OTC Pink:AMYZF, FWB:2AM)

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