RecycLiCoTM Patented Process Grows Pipeline of Strategic Opportunities
31 Non-Disclosure Agreements Across 9 Countries
June 27, 2019 - Surrey, BC
TSX.V: AMY | OTC US: AMYZF| FSE: 2AM
American Manganese Inc. (“AMY” or the “Company”), is pleased to report that the Company’s contract lab, Kemetco Research Inc., has produced a high purity NMC (Nickel Manganese Cobalt) hydroxide filter cake (Picture 1, Picture 2) during the final stages of the RecycLiCoTM Pilot Plant project. The filter cake was produced using a 35L batch sample of Pregnant Leach Solution that was collected during Stages 1 and 2 of the Pilot Plant project.
The advance in the Company’s lithium-ion battery cathode recycling process has led to extensive interest worldwide, with 31 non-disclosure agreements signed so far with a variety of industry players in 9 different countries, all of whom are or have conducted due diligence and feasibility studies on the RecycLiCoTM process with the hope of entering into licensing or joint venture arrangements with the Company. American Manganese will continue Pilot Plant testing on material from multiple sources and chemistries as it prepares for potential commercial opportunities.
“We are collaborating with industry leaders on incorporating our RecycLiCoTM patented process to reduce battery manufacturing cost, environmental damage, and reliance on mining, and we are working on converting these leads into partners,” said Larry Reaugh, President and CEO of American Manganese.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their 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 can offer a broader range of backgrounds and expertise than most laboratories.
American Manganese Inc. is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCoTM Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCoTM Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
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.
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