S&P Capital IQ Initiates Coverage on American Manganese, Inc. in Standard & Poor′s Factual Stock Reports
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S&P Capital IQ announced today that it has commenced Standard
& Poor′s Factual Stock Report coverage on American Manganese, Inc.
American Manganese (TSX: AMY; OTC: AMYZF) is a specialty and critical
metal company focusing on becoming the lowest cost producer of
electrolytic manganese from its Arizona Manganese Project. Electrolytic
manganese is used in the upgrading of specialty steel, as well as the
manufacture of aluminum alloys and electronics.
The company's Artillery Peak property, a manganese exploration property,
is located in Mohave County, Arizona. Another property, the Rocher
Deboule property, is an iron oxide, copper and gold exploration property
located in the Omineca Mining Division of British Columbia, near
Hazelton. In addition, the company's Lonnie Rare Earth property is
located southeast of Manson Creek in north-central British Columbia.
On September 8, 2011, the company reported that a new NI 43-101
compliant resource estimate, which incorporates the results of the 2011
drilling program, shows a substantial increase in the amount of
manganese contained in the Artillery Peak Project. The 2011 drilling
program included 84 reverse circulation drill holes totaling 10,607
meters (34,800 feet) on Manganese Mesa, Burro, and Shannon patented
claims of the property. The 2011 drilling program can best be
categorized as fill-in drilling with a limited amount of step-out
drilling. This has resulted in an upgrading of a large proportion of the
resource from inferred to indicated. The step out drilling has resulted
in a 39% increase of the overall tonnage and a 12% increase in the
contained pounds of Mn.
The updated resource estimate includes 13.830 billion pounds of
contained Mn metal in the indicated category and 3.531 billion pounds of
contained Mn metal in the inferred (at a0.90%
Mn cut-off grade). On September 27, 2011, American Manganese reported
successful operation of its pilot plant for the extraction and
separation of manganese from its Artillery Peak resource in Mojave
County. Operation of the pilot plant commenced in August 2011.
Standard
& Poor′s Factual Stock Report coverage on American Manganese, Inc.
will also be accessible on an ongoing basis to the investment community
by scores of buy-side institutions and sell-side firms that utilize S&P
Capital IQ research and information platforms daily. Millions of
self-directed investors also have access to the report via their
e-brokerage accounts. Please visit www.americanmanganeseinc.com
for additional information.
About Standard & Poor's Factual Stock Reports
Currently profiling over 500 issuers, Standard & Poor′s Factual Stock
Reports, produced by S&P Capital IQ, increase market awareness of
issuers in the investment community with insightful commentary and key
statistics and information. Standard & Poor′s Factual Stock Reports
provide factual research coverage about company fundamentals and
business prospects, thereby enabling information about covered companies
to reach a wide investor audience of Buy and Sell-side investors.
Updated weekly with the latest pricing, trading volume, and other data,
the reports include recent developments, a financial review, key
operating information, industry and peer comparisons, institutional
holdings analysis, Street Consensus and opinions, performance charts,
business summary, fundamental data, and news. Because coverage of these
reports is underwritten by the issuer, S&P Capital IQ does not offer
investment opinions concerning the advisability of investing in these
stocks.
Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of S&P Capital IQ or related organizations. S&P
Capital IQ does not trade on its own account.
About S&P Capital IQ
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leading provider of multi-asset class data, research and analytics to
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American Manganese, Inc.
Connie Fischer, 604-531-9639
connieIR@amymn.com
or
S&P
Capital IQ
Customers:
Richard Albanese, 212-438-3647
richard_albanese@standardandpoors.com
or
Media
Relations:
Michael Privitera, 212-438-6679
michael_Privitera@standardandpoors.com