American Manganese Inc. Commences Next Phase of Testing Amidst Growing Interest from Industry Players
Vancouver, British Columbia (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 Phase 1A of the intellectual property development program has been completed by Kemetco Research Inc. The following was achieved in this phase of work:
- Reagent usage was optimized for recycling LCO cathode chemistries
- Proof of concept was achieved on an innovative method to increase lithium recovery (demonstrating an initial increase of lithium precipitate recovery from 60% to 87%)
- Proof of concept was achieved on extracting (dissolving into solution) 100% of the Lithium, Nickel, Manganese and Cobalt from NMC chemistries.
Phase 1B testing has commenced and consists of comprehensive testing to obtain all data required to complete the portion of the patent application applicable to recycling LCO chemistries. This will include maximizing recoveries of lithium and cobalt and obtaining data on reagent and solution streams for each consecutive unit operation at steady state to finalize the overall commercial flowsheet.
Phase 2 and 3, to follow, with Phase 2 focusing on reagent optimization on recycling NMC, LMO and NCA chemistries. Phase 3 will focus on obtaining all data required to complete the final patent application including recycling NMC, LMO and NCA chemistries. This work is required to prepare and submit the final US patent application by November 2017.
In a recent article, Jason Savarc from Clean Energy Reviews looks at the New Tesla Powerwall2 and comments that “a recent breakthrough by American Manganese Inc. or ‘AMI’ has shown very good results in extracting the raw materials from Lithium NMC batteries for re-use”.
Over the past few months, the Company has been contacted by national and international companies expressing interest in completing due diligence on the AMI Lithium-Ion Battery Recycling Process. Several non-disclosure agreements have been signed or are in the process of being signed with end-users, governments and commercial firms that are exploring opportunities with AMI. (The Company is not able to disclose the identity of these at the request of the interested parties.)
Interest continues to increase since:
1. The Proof of Concept was successfully completed.
2. Recoveries of cathode material have been disclosed.
3. Filing for US Provisional Patent on AMI’s proprietary process has been made.
4. Cobalt’s prominence and shortage is beginning to look critical with the price up 150% to $25.00/lb. ($55,000/tonne).
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 January 19, 2017 press release for further details).
The company has created a new PowerPoint which can be viewed here.
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/americanmang04272017.pdf
Source: American Manganese Inc. (TSX Venture:AMY, OTC Pink:AMYZF, FWB:2AM)
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