American Manganese Inc. Releases Company LIB Recycling Business Plan/Proforma on Potential Revenue from 3 TPD Plant
Vancouver, BC (FSCwire) - Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMY” or the “Company”), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to announce that the Company has posted the Company’s Business Plan (“CBP”) on their website AmericanManganeseInc.com. The following are the highlights contained in the CBP.
a) Executive Summary
b) Business Overview
c) Strategy
d) Operating Plan
e) Financial Plan
f) Market Analysis and Competition
Kemetco Research Inc.’s ongoing bench scale and IP work is meeting expectations and on completion will allow the company to move forward on design work for a commercial demonstration plant.
Mr. Reaugh says: “The demonstration plant would process battery cathode scrap materials at a nominal rate of 3 tonnes/day. Management’s engineering and financial analysis indicates a very economically robust project even at this small scale.”
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 July 27, 2017 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 the original release, please click here
Source: American Manganese Inc. (TSX Venture:AMY, OTC Pink:AMYZF, FWB:2AM)
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