Proactiveinvestors USA & Canada American Manganese Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada American Manganese Inc. RSS feed en Fri, 19 Jul 2019 11:23:43 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - American Manganese receives material from disassembled EV batteries for treatment with its recycling tech ]]> https://www.proactiveinvestors.com/companies/news/224063/american-manganese-receives-material-from-disassembled-ev-batteries-for-treatment-with-its-recycling-tech-224063.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) revealed it has received cathode and anode materials from disassembled electric vehicle (EV) batteries, which will now be treated with its ground-breaking recycling process.

It is part of a US government project, which was announced in March this year, aimed at advancing the recovery of lithium-ion battery materials from EVs and other products.

READ: American Manganese Inc hails 99.8% purity of cathode material produced at pilot plant

The project is backed by the Critical Materials Institute (CMI), an energy innovation hub, and supported by the US Department of Energy, office of energy efficiency and renewable energy, advanced manufacturing office.

“We’re pleased with the progression of project milestones and are honored to be working with world-renowned national labs and leading US universities,” said Larry Reaugh,  the CEO of American Manganese on Tuesday.

The company boss added that the project was "on time and on track”.

The findings after the material is treated with American Manganese’s RecycLiCoTM patented process will be reported to all members of the project.

Other partners in the project include the Oak Ridge National Laboratory and the Idaho National Lab (INL).

Patented-approved process

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

These materials are experiencing rapidly rising demand as the transition to electric vehicles accelerates.

It's a busy spell for American Manganese. Last week it reported positive progress from testing, telling investors that a high purity, 99.88%, NMC (nickel manganese cobalt) cathode material had been produced using the technology at its pilot plant.

"Cathode materials require extremely high purity levels and must be almost entirely free of unwanted metals in order to conform to industry specifications, which our initial results confirmed today," Reaugh had said.

"We continue to develop and be transparent with our results in order to set the benchmark on recovery and purity potential in the lithium-ion battery recycling field," he added.

Shares in Toronto stood at $0.15.

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

---Updates for share price-- 

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Wed, 17 Jul 2019 07:26:00 -0400 https://www.proactiveinvestors.com/companies/news/224063/american-manganese-receives-material-from-disassembled-ev-batteries-for-treatment-with-its-recycling-tech-224063.html
<![CDATA[Media files - American Manganese sees impressive results from testing on recycling cathodes ]]> https://www.proactiveinvestors.com/companies/stocktube/14068/american-manganese-sees-impressive-results-from-testing-on-recycling-cathodes-14068.html Thu, 11 Jul 2019 14:59:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/14068/american-manganese-sees-impressive-results-from-testing-on-recycling-cathodes-14068.html <![CDATA[News - American Manganese Inc hails 99.8% purity of cathode material produced at pilot plant ]]> https://www.proactiveinvestors.com/companies/news/223760/american-manganese-inc-hails-998-purity-of-cathode-material-produced-at-pilot-plant-223760.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) reported very positive progress on Thursday, saying a high purity, 99.88%, NMC (nickel manganese cobalt) cathode material had been produced using the firm's ground-breaking recycling technology at the pilot plant.

The group's technology can extract high rates of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum.

READ: American Manganese kicks off rock and soil geochemical surveys at Lonnie project in British Columbia

AMY, based in Surrey, British Columbia, says it differs from other lithium-ion battery recyclers because it does not require any high heat smelting.

"Cathode materials require extremely high purity levels and must be almost entirely free of unwanted metals in order to conform to industry specifications, which our initial results confirmed today," said CEO Larry Reaugh in a statement.

"We continue to develop and be transparent with our results in order to set the benchmark on recovery and purity potential in the lithium-ion battery recycling field."

The firm said testing will continue at its pilot plant in a bid to enhance material recovery and purity, in addition to feasibility studies with industry leaders.

Previously, the group has said that its lithium-ion battery cathode recycling process had led to extensive interest worldwide, with 31 non-disclosure agreements (NDAs) signed so far with a variety of industry players in nine different countries.

All 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 American Manganese.

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 11 Jul 2019 09:21:00 -0400 https://www.proactiveinvestors.com/companies/news/223760/american-manganese-inc-hails-998-purity-of-cathode-material-produced-at-pilot-plant-223760.html
<![CDATA[News - American Manganese kicks off rock and soil geochemical surveys at Lonnie project in British Columbia ]]> https://www.proactiveinvestors.com/companies/news/223601/american-manganese-kicks-off-rock-and-soil-geochemical-surveys-at-lonnie-project-in-british-columbia-223601.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY), the critical metals and battery recycling group, revealed that it has kick-started rock and soil geochemical surveys on its Lonnie rare earth element and niobium project in British Columbia.

The property comprises eight claims, totaling 2480 hectares, and lies at Granite Creek, six kilometers east of Manson Creek.

The firm says Lonnie hosts aegirine and biotie sovite (calcium-rich carbonatite) with accessory apatite, magnetite, zircon and minor pyrochlore, pyrite, pyrrhotite, and columbite.

READ: American Manganese's battery recycling pilot plant in Canada reaches final stages, produces high purity material

Fieldwork last year included 39 rock and 124 soil samples being taken from a 1,000 X 400 meter area adjacent to the Wolverine fault.

Notably, American Manganese told investors that 11 out of 39 rock chip samples are currently being re-analyzed due to cerium, niobium, and neodymium values being above detection limits.

Four out of 124 soil samples are also being re-analyzed due to cerium values being above detection limits.

"Both the rare earths and niobium are now listed as critical minerals by the US Government," said Larry Reaugh, chief executive at American Manganese.

"And for both of them, the US is presently 100% import-dependent, which underscores for us the importance of developing potential new North American sources of supply."

Ground-breaking process

Also in today's statement, the firm noted that its ground-breaking, patented lithium-ion battery recycling process named RecycLiCoTM had the potential to supply additional minerals such as cobalt, lithium, nickel, and manganese.

Last month, it was announced that contractor Kemetco Research has produced a high purity NMC (nickel manganese cobalt) hydroxide filter cake during the final stages of the pilot plant project, the Surrey, Canada, headquartered company said in a statement.

New results from the pilot plant are expected shortly, the firm said today.

Shares in Toronto were unchanged at $0.145.

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Tue, 09 Jul 2019 08:36:00 -0400 https://www.proactiveinvestors.com/companies/news/223601/american-manganese-kicks-off-rock-and-soil-geochemical-surveys-at-lonnie-project-in-british-columbia-223601.html
<![CDATA[News - American Manganese's battery recycling pilot plant in Canada reaches final stages, produces high purity material ]]> https://www.proactiveinvestors.com/companies/news/222961/american-manganese-s-battery-recycling-pilot-plant-in-canada-reaches-final-stages-produces-high-purity-material-222961.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has made further progress with its ground-breaking battery recycling technology, saying high purity material had been produced from the pilot plant.

Contractor Kemetco Research has produced a high purity NMC (nickel manganese cobalt) hydroxide filter cake during the final stages of the pilot plant project, the Surrey, Canada, headquartered company said in a statement.

READ: American Manganese receives second patent for ground-breaking battery recycling technology

The  technology can extract high rates of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum and AMY says it differs from other lithium-ion battery recyclers because it does not require any high heat smelting.

"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, CEO of American Manganese.

AMY also revealed that its lithium-ion battery cathode recycling process had led to extensive interest worldwide, with 31 non-disclosure agreements (NDAs) signed so far with a variety of industry players in nine different countries.

Due diligence

All 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 American Manganese.

American Manganese, a critical metals group, focused on the recycling of lithium-ion batteries, added it will continue pilot plant testing on material from multiple sources as it prepares for potential commercial opportunities.

Shares in Toronto added 3.7% to $0.14 each.

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 27 Jun 2019 08:45:00 -0400 https://www.proactiveinvestors.com/companies/news/222961/american-manganese-s-battery-recycling-pilot-plant-in-canada-reaches-final-stages-produces-high-purity-material-222961.html
<![CDATA[Media files - American Manganese receives another patent for the disruptive technology ]]> https://www.proactiveinvestors.com/companies/stocktube/13658/american-manganese-receives-another-patent-for-the-disruptive-technology-13658.html Fri, 07 Jun 2019 05:41:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13658/american-manganese-receives-another-patent-for-the-disruptive-technology-13658.html <![CDATA[News - American Manganese receives second patent for ground-breaking battery recycling technology ]]> https://www.proactiveinvestors.com/companies/news/221567/american-manganese-receives-second-patent-for-ground-breaking-battery-recycling-technology-221567.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has enhanced its patent portfolio, saying it had been granted a second for its ground-breaking lithium-ion battery recycling technology.

The patent, from the relevant authority in the USA, was issued within 12 weeks from the date of filing on March 14 this year, the firm said.

READ: American Manganese ramps up testing of RecycLiCo pilot plant for recycling lithium-ion batteries

The company now holds six patents, with a further seven filed for recycling around the globe, it told investors.

The firm’s technology allows for high extraction rates of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing. AMY says it's patent portfolio differs from other lithium-ion battery recyclers because it does not require any high heat smelting and produces a precursor cathode material for use in the manufacturing of new lithium-ion batteries.

The company said in a statement on Wednesday that the patent referred to today adds the following enhancements to the technology, which is called the RecycLiCo process:

Recovery of graphite and carbon from ground battery concentrates Treatment of fluoride originating from electrolyte solution Separation of aluminum from cathode active material Enhancements

“We are pleased with the enhancements of our patent portfolio as global demand for lithium-ion battery recycling increases,” Larry Reaugh, CEO of American Manganese, told investors.

"Our contractor, Kemetco Research, has done an extraordinary job on the continuing development and operation of the RecycLiCo pilot plant while recognizing process flowsheet enhancements."

In Toronto shares added 3.6% to $0.14. In New York, they gained 0.81% to $0.11 each. 

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Wed, 05 Jun 2019 09:27:00 -0400 https://www.proactiveinvestors.com/companies/news/221567/american-manganese-receives-second-patent-for-ground-breaking-battery-recycling-technology-221567.html
<![CDATA[News - American Manganese expands its board by adding six new directors ]]> https://www.proactiveinvestors.com/companies/news/221067/american-manganese-expands-its-board-by-adding-six-new-directors-221067.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) shareholders voted Monday at the annual general meeting to elect a slew of new directors to the company’s board.

Based on proxy voting, representing 18.41% of the company’s shares, six new directors were elected to the board.

American Manganese president and CEO Larry W Reaugh secured more than 99.9% of votes cast to step into the board. Other newly elected board members include Andris Kikauka, Jan Eigenhuis, Edward F Skoda, Norman L Tribe, and Kurt Lageschulte.

American Manganese stock climbed 13.4% to $0.12 in aftrenoon trade.

READ: American Manganese ramps up testing of RecycLiCo pilot plant for recycling lithium-ion batteries

In addition, DeVisser Gray, which provides accounting services was named the company’s auditors by a majority of shareholders.

American Manganese is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers and is focused on recycling electric-vehicle (EV) lithium-ion batteries.

It is developing the RecycLiCo system of recycling lithium-ion batteries to extract cathode metals such as lithium, cobalt, nickel and manganese at battery-grade purity.

—(Updates with stock activity)—

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 28 May 2019 14:30:00 -0400 https://www.proactiveinvestors.com/companies/news/221067/american-manganese-expands-its-board-by-adding-six-new-directors-221067.html
<![CDATA[News - American Manganese ramps up testing of RecycLiCo pilot plant for recycling lithium-ion batteries ]]> https://www.proactiveinvestors.com/companies/news/220871/american-manganese-ramps-up-testing-of-recyclico-pilot-plant-for-recycling-lithium-ion-batteries-220871.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) has reached another milestone in the development of its breakthrough technology for recycling lithium-ion batteries.

The firm's contract research lab, Kemetco Research has now begun testing for stages 3, 4, and 5 of its RecycLiCo pilot plant, it said in a statement Thursday.

The process allows for high extraction rates of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing.

READ THE DEEP DIVE: American Manganese is advancing its breakthrough recycling process to create high value battery cathode materials

Stages 1 and 2 of the plant consisted of the successful pre-treatment and leach of NMC (nickel, manganese cobalt) and NCA (nickel, cobalt, aluminum) cathode material, which produced 500L (liters) of pregnant leach solution of each chemistry.

Kemetco began conducting tests of the final stages using the NMC leach solution and determined flow sheet optimizations for the pilot plant with the goal of creating high purity base metals.

American Manganese said that Kemetco had integrated a new and patentable technology to the final stages of the plant process that reduces reagent consumption and by-product production.

The firm will file for the new patent following completion of testing.

The Surrey-based company is focused on supplying the demand for mined battery raw materials and creating IP (intellectual property) to develop its patented lithium-ion battery recycling process.

Blazing a trail

It is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers and is focused on recycling electric-vehicle (EV) lithium-ion batteries.

Due to the rapid development and commercialization of EVs, the demand for lithium-ion batteries is growing exponentially and the raw materials supply is struggling to keep up.

Lithium, cobalt, manganese, nickel, and aluminum are all used as feedstock for battery production.

The recoverable value for these metals is estimated to be as high as US$75.8M per gigawatt of lithium cobalt batteries, according to American Manganese data.

Shares in Toronto eased 3.45% to $0.14.

Contact Giles at giles@proactiveinvestors.com

Follow him Twitter@Gile74

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Thu, 23 May 2019 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/220871/american-manganese-ramps-up-testing-of-recyclico-pilot-plant-for-recycling-lithium-ion-batteries-220871.html
<![CDATA[News - American Manganese is advancing its breakthrough recycling process to create high value battery cathode materials ]]> https://www.proactiveinvestors.com/companies/news/220160/american-manganese-is-advancing-its-breakthrough-recycling-process-to-create-high-value-battery-cathode-materials-220160.html American Manganese Inc (CVE:AMY) is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers.

The critical metals company is focused on recycling electric-vehicle lithium-ion batteries. Due to the rapid development and commercialization of EVs, the demand for lithium-ion batteries is growing exponentially and the raw materials supply is struggling to keep up.

Lithium, cobalt, manganese, nickel, and aluminum are all used as feedstock for battery production.

The recoverable value for these metals is estimated to be as high as US$75.8M per gigawatt of lithium cobalt batteries, according to American Manganese data.

Electric-vehicle manufacturer Tesla Inc (NASDAQ:TSLA) recently announced that it is looking to “close the loop” on battery production by using recycled materials at its Gigafactory in Nevada, and Swedish competitor Northvolt is planning to build environmentally friendly batteries by incorporating a recycling facility.

The Surrey, BC-based company recently marked a significant milestone after being awarded a patent for its lithium-ion battery cathode material recycling technology.

RecycLiCo represents a breakthrough in the recycling of lithium-ion batteries by providing high extraction of cathode materials such as lithium, cobalt, nickel and manganese at battery-grade purity. The process involves minimal steps, ensuring a high-grade, low-cost output.

American Manganese estimates that it will see an annual profit of US$8.4 million and a 47% margin once the process is commercialized.

The technology is currently being tested on a pilot plant scale, with recent results from the pilot plant showing high extraction rates.

Upon completion of the process, American Manganese plans to commercialize its operation with a joint venture partner or through licensing agreements, which the junior company estimates could yield over US$8 million in annual profit at a 47% margin.

Inflection Points

The pilot plant construction and testing is projected to conclude by May 2019. The plant will replicate real world closed-circuit conditions in a continuous operation to simulate and de-risk production of the commercial plant in the next phase of operation.

In December 2018 American Manganese partnered with Battery Safety Solutions BV, a Dutch company, to construct a commercial plant for spent and damaged batteries. Construction is expected to be completed by late 2019.

The next step is building a 1,100 tons per year commercial plant to process scrap cathode material. According to American Manganese, the estimated revenue generated during the operation of the commercial plant would pay back the initial capital investment in a little over a year.

American Manganese is hoping to find a joint venture partner to help fund the construction of the facility, which is estimated to cost around US$10 million to build.

What the CEO says

In a recent interview with Proactive, CEO Larry Reaugh talked about the interest that the technology is generating from the wider battery metals market.

“This is a breakthrough technology that no one has,” he told Proactive. “It’s an exciting time for the company because now we’re starting to see all of our hard work and millions of dollars spent starting to formulate into a completed pilot test. The next step is commercialization.”

According to Reaugh, supplying the processing plant with scrap material is not an issue. “A lot of people ask us where our supply is coming from,” he said. “The truth is, we turn down more supply than you can believe because it comes in the form of a battery and we don’t have a safe place to put surplus batteries, but there seems to be a plentiful supply out there.”

The granting of a patent for American Manganese’s technology was a critical step for the junior company, said Reaugh. “We’re starting to get the credibility that the company needed as a junior developing a patent."

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Mon, 13 May 2019 13:33:00 -0400 https://www.proactiveinvestors.com/companies/news/220160/american-manganese-is-advancing-its-breakthrough-recycling-process-to-create-high-value-battery-cathode-materials-220160.html
<![CDATA[News - American Manganese updates on latest patent applications for flagship recycling technology ]]> https://www.proactiveinvestors.com/companies/news/219988/american-manganese-updates-on-latest-patent-applications-for-flagship-recycling-technology-219988.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) updated Thursday on its patent applications for its flagship technology, saying it had filed for recycling patents in seven countries.

It brings the group's "patent portfolio now to five patents in four countries and seven filed for in seven countries", the group said in a statement.

READ: American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries

The company said that the seven selected for national phase applications are as follows:  China, Japan, South Korea, Europe, Australia, India and Canada.

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The new patent comes at a time of surging demand for lithium-ion batteries as part of the trend towards ‘the electrification of everything'.

"The rationale for choosing these seven countries stems from the careful review of jurisdictions that will dominate the world battery materials market, in addition to interest we have received from each regarding AMY's patented RecycLiCoTM process," said Larry Reaugh, the president and CEO of American Manganese.

AMY holds patented technology in four countries for its low-grade manganese mining process and a US patent for the flagship RecycLiCoTM recycling process.

Patent pending

A third technology for handing commercially collected and processed end of life lithium ion battery materials is patent pending.

AMY told investors it plans to file a further PCT patent application in the next few weeks on technology that will enhance large scale industrial operation based on recent developments in Stages 3, 4, and 5 of the pilot testing which is underway.

These stages  of the pilot plant include the purification and recovery of battery grade ready lithium carbonate and base metal oxides, as well as recycling of reagents and water.

The firm also in the release quoted from a recent Bloomberg article, which read: "Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years' time."

Shares in Toronto were unchanged at $0.15

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 09 May 2019 09:59:00 -0400 https://www.proactiveinvestors.com/companies/news/219988/american-manganese-updates-on-latest-patent-applications-for-flagship-recycling-technology-219988.html
<![CDATA[News - American Manganese closes C$1.6 million financing for battery recycling program; shares rise ]]> https://www.proactiveinvestors.com/companies/news/219689/american-manganese-closes-c16-million-financing-for-battery-recycling-program-shares-rise-219689.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Friday that it raised a total of C$1.6 million to advance its patented lithium-ion battery recycling process.

Shares of American Manganese jumped 3.6% in Toronto to C$0.15 on Friday afternoon. On the OTC market, the company’s stock was trading at US$0.12.

READ: American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries

The fourth and final tranche of this oversubscribed private placement garnered nearly C$570,000.

In the final tranche, the Surrey, BC-based company issued nearly 3.8 shares of the company at $0.15 per share. Each share comprises one unit and one warrant, which is exercisable at $0.20 per share for two years following the warrant issuance.

American Manganese is developing the RecycLiCo system of recycling lithium-ion batteries to extract cathode metals such as lithium, cobalt, nickel and manganese at battery-grade purity.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Fri, 03 May 2019 14:46:00 -0400 https://www.proactiveinvestors.com/companies/news/219689/american-manganese-closes-c16-million-financing-for-battery-recycling-program-shares-rise-219689.html
<![CDATA[News - American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries ]]> https://www.proactiveinvestors.com/companies/news/218774/american-manganese-introduces-recyclico-a-breakthrough-technology-for-recycling-lithium-ion-batteries-218774.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Wednesday that it has launched its RecycLiCo Patented Process, which represents a breakthrough in the recycling of lithium-ion batteries.

RecycLiCo provides high extraction of cathode materials suh as lithium, cobalt, nickel and manganese at battery-grade purity. The process involves minimal steps, ensuring a high-grade, low-cost output.

READ: American Manganese shares jump as pilot plant achieves high extraction in independent testing

"As pioneers in the advanced lithium-ion battery recycling market, American Manganese and its RecycLiCoTM Patented Process aim to promote a circular economy for the lithium-ion battery supply chain and set the standard for high recovery and purity of cathode materials from spent lithium-ion batteries," said Larry Reaugh, president and CEO of American Manganese, in a statement.

The Surrey-based company is focused on supplying the demand for mined battery raw materials, creating intellectual property to develop its patented lithium-ion battery recycling process.

RecycLiCo is the culmination of this process, the junior company said in a statement.

The technology is currently being tested on a pilot plant scale, with recent results from the pilot plant showing high extraction rates.

Upon completion of the process, American Manganese plans to commercialize its operation with a joint venture partner or through licensing agreements.

Shares of American Manganese closed Tuesday at C$0.15 in Canada and US$0.10 in the US.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Wed, 17 Apr 2019 08:24:00 -0400 https://www.proactiveinvestors.com/companies/news/218774/american-manganese-introduces-recyclico-a-breakthrough-technology-for-recycling-lithium-ion-batteries-218774.html
<![CDATA[Media files - American Manganese secures U.S. Patent for Lithium-Ion Battery Recycling technology ]]> https://www.proactiveinvestors.com/companies/stocktube/12858/american-manganese-secures-us-patent-for-lithium-ion-battery-recycling-technology-12858.html Wed, 03 Apr 2019 15:43:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12858/american-manganese-secures-us-patent-for-lithium-ion-battery-recycling-technology-12858.html <![CDATA[News - American Manganese marks major milestone with grant of patent for flagship technology ]]> https://www.proactiveinvestors.com/companies/news/217880/american-manganese-marks-major-milestone-with-grant-of-patent-for-flagship-technology-217880.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has marked a significant milestone, as it has been awarded a patent for its lithium-ion battery cathode material recycling technology.

The granting of the patent by the US patent and trademark office provides legal protection for the technology, the company says.

Norm Chow, the inventor of the technology, added that the achievement ... "confirms that our research is both novel and inventive.

READ: American Manganese to take part in U.S. Department of Energy project focused on EV battery recycling

"It is extremely exciting to have the opportunity to potentially contribute to the sustainability of future global electrification, which I believe will be valuable to the long-term health of our planet."

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The new patent comes at a time of surging demand for lithium-ion batteries as part of the trend towards ‘the electrification of everything'.

Big increase in demand

According to the Benchmark Mineral Intelligence battery mega-factory tracker, there is a forecast 400% increase in lithium-ion battery production capacity to 1 TWh (terawatt hours) by 2028 in order to meet electric vehicle demand outlook.

"When developing this technology, we looked at current methods of recycling waste lithium-ion batteries and discovered high heat smelting to be the primary method," said Chow.

"Because active cathode materials are oxides, the first thing that came to mind was the comparison to steelmaking. Since smelting iron ore in steelmaking generates a considerable amount of CO2, we were compelled to develop an alternative process with a sustainable focus.

"During research development, we applied Near Net Shape manufacturing principles with the goal of efficiently recycling cathode material and generating products as close to the final form as possible, with minimum processing steps."

Shares in Toronto were unchanged at $0.145 each.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Wed, 03 Apr 2019 09:33:00 -0400 https://www.proactiveinvestors.com/companies/news/217880/american-manganese-marks-major-milestone-with-grant-of-patent-for-flagship-technology-217880.html
<![CDATA[News - American Manganese to take part in U.S. Department of Energy project focused on EV battery recycling ]]> https://www.proactiveinvestors.com/companies/news/217439/american-manganese-to-take-part-in-us-department-of-energy-project-focused-on-ev-battery-recycling-217439.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has become the first private-sector company to take part in a U.S. government project to advance the recovery of lithium-ion battery materials from electric vehicles and other goods.

The Department of Energy (DOE) project, called the "Lithium Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project" focuses on developing an economic recovery strategy for critical materials in end-of-use lithium-ion batteries.

READ: American Manganese solidifies industry status with Critical Materials Institute membership

Such batteries come from electric and hybrid electric vehicles and other goods such as electric bicycles and power tools.

Other partners in the project include the Oak Ridge National Laboratory and the Idaho National Lab (INL).

Thursday's statement comes just two days after the group announced its new membership in the Critical Materials Institute (CMI), which seeks methods to develop safe, sustainable and diversified options to the US critical metals supply chain.

Project to begin immediately

This latest government project begins immediately, under the aegis of the Critical Materials Institute (CMI), an Energy Innovation Hub, led by Ames Laboratory and supported by the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy, Advanced Manufacturing Office.

"AMY is very pleased to become the first private-sector company to participate in this project," said Larry Reaugh, the CEO of American Manganese.

"We're honored to be working with world-renowned national labs and leading U.S. universities on an issue that will dramatically impact our ability to meet rising material demand for lithium, cobalt, manganese and nickel."

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 28 Mar 2019 09:48:00 -0400 https://www.proactiveinvestors.com/companies/news/217439/american-manganese-to-take-part-in-us-department-of-energy-project-focused-on-ev-battery-recycling-217439.html
<![CDATA[News - American Manganese solidifies industry status with Critical Materials Institute membership ]]> https://www.proactiveinvestors.com/companies/news/217269/american-manganese-solidifies-industry-status-with-critical-materials-institute-membership-217269.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) continued to strengthen its status as a leading company in the battery metals industry, annoucing its new membership in the Critical Materials Institute (CMI).

The CMI is one of the US Department of Energy’s Innovation Hubs and seeks methods to develop safe, sustainable and diversified options to the US critical metals supply chain.

American Manganese will primarily be involved with CMI’s efforts to advance critical materials recycling.

READ: American Manganese's new patent application broadens scope of protection for its recycling technology

"We are delighted to become a member of CMI," said American Manganese’s CEO Larry Reaugh in a statement. "It is another indication of the progress we've made in our recycling process, and we look forward to engaging with the national labs, universities and other industry members of CMI on areas of mutual interest."

The Surrey, British Columbia-based company has a patent pending hydrometallurgical process for recovering cathode metals such as cobalt, lithium, nickel and manganese to use in lithium-ion batteries.

Shares of American Manganese were trading at C$0.14 in Toronto and US$0.11 in the US.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 26 Mar 2019 13:16:00 -0400 https://www.proactiveinvestors.com/companies/news/217269/american-manganese-solidifies-industry-status-with-critical-materials-institute-membership-217269.html
<![CDATA[News - American Manganese's new patent application broadens scope of protection for its recycling technology ]]> https://www.proactiveinvestors.com/companies/news/216865/american-manganese-s-new-patent-application-broadens-scope-of-protection-for-its-recycling-technology-216865.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has filed a new patent application covering its flagship lithium-ion battery recycling technology.

The continuation in part (C-I-P) patent now covers innovations developed by the firm over the past year, resulting from successful bench scale research and Phases 1 and 2 of the pilot plant operation on various commercial feed material collected worldwide.

READ: American Manganese gains as scrap extraction results meet critical-metal company’s expectations

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The new patent application adds the following enhancements:

Recovery of graphite and carbon from ground battery concentrates Treatment of fluoride originating from electrolyte solution Separation of aluminum from cathode active material

"This milestone was accomplished by the support of Kemetco Research Inc, especially Norm Chow, President of Kemetco," Larry Reaugh, the president and CEO at American Manganese, told investors.

"Mr Chow has done an extraordinary job ensuring the C-I-P applications were filed prior to our being granted an official patent number on our issued patent, which we expect to receive shortly. The short time span of 13 months from which the company filed the original non-provisional application and receipt of the notice of allowance, followed by the recent filing of the C-I-P puts the company in a strong position with intellectual property, which is key to working with the Tier 1 companies in the EV and personal electronics industry."

The firm wants to become the industry leader in recycling spent electric vehicle lithium-ion batteries.

Shares in Toronto were unchanged at $0.145.

---Updates to clarify nature of the patent application--

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile 74

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Wed, 20 Mar 2019 10:31:00 -0400 https://www.proactiveinvestors.com/companies/news/216865/american-manganese-s-new-patent-application-broadens-scope-of-protection-for-its-recycling-technology-216865.html
<![CDATA[News - American Manganese gains as scrap extraction results meet critical-metal company’s expectations ]]> https://www.proactiveinvestors.com/companies/news/216114/american-manganese-gains-as-scrap-extraction-results-meet-critical-metal-companys-expectations-216114.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) shares rose Friday after announcing extraction results that met its high expectations.

The critical-metal company said additional nickel cobalt aluminum oxide and nickel manganese cobalt oxide cathode scraps have been processed successfully through Stage 1 and Stage 2 of its pilot plant project. 

Shares of the company climbed C$0.01 to C$0.14 in Friday’s Canadian trading. They traded at US$0.11 in Friday’s OTC Markets trading.

READ: American Manganese updates further on progress at recycling pilot plant

Under the company’s patent-approved process, the scraps underwent separation and leach operations, yielding a pregnant-leach solution containing cathode metals including cobalt, lithium, nickel and manganese.

More than 500 liters of the solution have been collected for further testing and prepared for the remaining three stages of the pilot plant project, according to the company.

“The pilot plant testing procedure is done in a manner that helps collect valuable operational data that will help us optimize the pilot plant for testing at a continuous rate once all stages are complete,” CEO Larry W. Reaugh said in a statement.

The pilot plant testing is expected to be completed by the end of May, although electric-vehicle and battery manufacturers are already conducting due diligence on American Manganese’s process, according to the company.

Based in Surrey, British Columbia, the company says it provides 100% extraction of cathode metals at battery-grade purity.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 08 Mar 2019 10:22:00 -0500 https://www.proactiveinvestors.com/companies/news/216114/american-manganese-gains-as-scrap-extraction-results-meet-critical-metal-companys-expectations-216114.html
<![CDATA[Media files - American Manganese successfully completes stage 1 and 2 of battery recycling plant operation ]]> https://www.proactiveinvestors.com/companies/stocktube/12287/american-manganese-successfully-completes-stage-1-and-2-of-battery-recycling-plant-operation-12287.html Tue, 19 Feb 2019 15:03:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12287/american-manganese-successfully-completes-stage-1-and-2-of-battery-recycling-plant-operation-12287.html <![CDATA[News - American Manganese updates further on progress at recycling pilot plant ]]> https://www.proactiveinvestors.com/companies/news/214734/american-manganese-updates-further-on-progress-at-recycling-pilot-plant-214734.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) unveiled more progress at its battery recycling pilot plant, saying stages one and two had been successfully completed.

That includes the pre-treatment of feedstock material and a leach of the cathode active material.

READ: American Manganese reaches milestone as Kemetco starts sample testing at recycling pilot plant

American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

"It is exciting to see our patent-approved process demonstrated on a pilot scale," said Larry Reaugh, president and CEO of the firm, based in Surrey, British Columbia.

The company's recycling pilot plant

"The successful replication of the lab-scale operations in a larger continuous closed-circuit operation not only is the first step towards commercialization, but also provides key evidence that the company's lithium-ion battery recycling technology is economically sound."

He added that the selected NMC-622 cathode feedstock, valued at US$16.25/kg, is processed at an estimated reagent cost of US$1/kg.

Processing partner, the consultant Kemetco will continue to process select samples of cathode material feedstock and prepare for the remaining stages of the pilot plant operations.

As reported earlier this month, the five stages of the pilot plant operation are as follows:

Stage 1 – Pre-treatment of cathode material Stage 2 – Leach of active material Stage 3 – Purification Stage 4 – Recovery of base metals (eg: nickel, cobalt, manganese) Stage 5 – Lithium recovery and water recycle

Kemetco provides expertise in the fields of specialty analytical chemistry, chemical process and extractive metallurgy.

American Manganese shares in Toronto added 3.70% to $0.14.

Contact Giles at giles@proactiveinvestors.com

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Fri, 15 Feb 2019 09:08:00 -0500 https://www.proactiveinvestors.com/companies/news/214734/american-manganese-updates-further-on-progress-at-recycling-pilot-plant-214734.html
<![CDATA[News - American Manganese reaches milestone as Kemetco starts sample testing at recycling pilot plant ]]> https://www.proactiveinvestors.com/companies/news/214192/american-manganese-reaches-milestone-as-kemetco-starts-sample-testing-at-recycling-pilot-plant-214192.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF), the critical metals group, has further advanced its battery-recycling aims.

The Surrey, British Columbia-based company said Thursday that its processing partner, consultant Kemetco Research, has started processing of a select sample of cathode scrap material through stages one and two of the pilot plant.

READ: American Manganese reveals that pilot plant commissioning has begun

American Manganese has a patent approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

"The commencement of the pilot plant operations marks a significant step in American Manganese's quest to prove its patent-approved lithium-ion battery recycling technology," said Norman Chow, president of Kemetco. "Kemetco is proud to partner with American Manganese in developing this innovative technology."

Larry Reaugh added: "This is a great milestone for the company as we work towards a complete lithium-ion battery recycling process. The company is also anticipating an official US Patent number for its recently approved patent application."

AMY says it can provide 100% extraction of cathode metals at battery grade purity and aims to become the industry leader in recycling spent electric vehicle lithium-ion batteries.

The five stages of the pilot plant operation are as follows:

Stage 1 – Pre-treatment of cathode material Stage 2 – Leach of active material Stage 3 – Purification Stage 4 – Recovery of base metals (eg: nickel, cobalt, manganese) Stage 5 – Lithium recovery and water recycle

AMY shares added 3.70% to $0.14 in Toronto.

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Thu, 07 Feb 2019 08:35:00 -0500 https://www.proactiveinvestors.com/companies/news/214192/american-manganese-reaches-milestone-as-kemetco-starts-sample-testing-at-recycling-pilot-plant-214192.html
<![CDATA[News - American Manganese reveals that pilot plant commissioning has begun ]]> https://www.proactiveinvestors.com/companies/news/212972/american-manganese-reveals-that-pilot-plant-commissioning-has-begun-212972.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF), the critical metals group, has made more progress on its battery recycling aims.

The first and second stages of its pilot plant have now arrived at the Kemetco research facility in Richmond, Canada, the company revealed Monday in a regulatory release.

READ: American Manganese says US lithium-ion recycling patent clearance, fundraising among 2018 highlights

The Surrey, British Columbia-based company has a patent approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminium.

Testing consultant firm Kemetco has now begun configuring and commissioning ahead of processing one tonne of preproduction cathode scrap material (500 kilograms of NMC and 500 kg of NCA), the firm said.

"As we begin our pilot plant testing, we are thrilled to see that the U.S. Department of Energy recognizes the importance of lithium-ion battery recycling technology," said Larry Reaugh, the group's CEO.

He added that American Manganese continued to have discussions with the U.S. Department of Energy for its recycling technology as well as the U.S. Department of Defense for its initial patented process of low-grade manganese ore recovery - one of the 23 critical minerals listed in the U.S. Executive Order.

The firm believes cathode scrap recycling represents a compelling near-term opportunity for its shareholders as well as for industry participants, including lithium-ion battery manufacturers.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 21 Jan 2019 07:23:00 -0500 https://www.proactiveinvestors.com/companies/news/212972/american-manganese-reveals-that-pilot-plant-commissioning-has-begun-212972.html
<![CDATA[Media files - American Manganese gets patent allowance, signs MOU with Battery Safety Solutions ]]> https://www.proactiveinvestors.com/companies/stocktube/11617/american-manganese-gets-patent-allowance-signs-mou-with-battery-safety-solutions-11617.html Thu, 13 Dec 2018 16:57:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11617/american-manganese-gets-patent-allowance-signs-mou-with-battery-safety-solutions-11617.html <![CDATA[News - American Manganese brings in $507,450 from first tranche of private placing ]]> https://www.proactiveinvestors.com/companies/news/210582/american-manganese-brings-in-507450-from-first-tranche-of-private-placing-210582.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) said it had closed the first tranche of a previously announced private placing, raising $507,450.

The critical metals group is carrying out the financing to raise gross proceeds of up to $1.5 million.

READ: American Manganese expects December start for scrap cathode metal pilot plant

Proceeds are to be used mainly for the completion of the group's pilot plant and for general working capital.

This first tranche consists of over 3.3 million units of the company.

The private placing is for a unit offering at a price of $0.15 each and  each unit will consist of one share and one purchase warrant.

The warrant  is exercisable for one common share at a price of $0.20 per share for two years from the date of closing the offering.

Last month, the group said it expects to commission its pilot plant for scrap cathode metal during the week of December 17.

The Surrey, British Columbia-based company plans to carry out tests of its handling of cathode scrap acquired from a US recycler.

Lab tests have already been conducted by Kemetco, a contractor based in Richmond, British Columbia.

The pilot plant in Arizona will process a ton of battery cathode material at 1 kilogram per hour, according to American Manganese.

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Wed, 05 Dec 2018 07:42:00 -0500 https://www.proactiveinvestors.com/companies/news/210582/american-manganese-brings-in-507450-from-first-tranche-of-private-placing-210582.html
<![CDATA[News - American Manganese expects December start for scrap cathode metal pilot plant ]]> https://www.proactiveinvestors.com/companies/news/209699/american-manganese-expects-december-start-for-scrap-cathode-metal-pilot-plant-209699.html American Manganese Inc (CVE:AMY, OTCMKTS:AMYZF) said Wednesday that it expects to commission its pilot plant for scrap cathode metal during the week of December 17.

The Surrey, British Columbia-based company plans to carry out tests of its handling of cathode scrap acquired from a US recycler. Lab tests have been conducted by Kemetco, a contractor based in Richmond, British Columbia.

READ: American Manganese presses ahead with pilot plant for scrap cathode material

“Kemetco has been extremely diligent in its research and development to verify that the process design will not only be successful in recovering cathode materials, but that it will be an effective process on an industrial scale,” American Manganese CEO Larry W. Reaugh said in a press release.

American Manganese plans to file a continuing patent application for the first two of five testing stages. The continuing patent application will be added to the company's patent-pending core technology.

The pilot plant in Arizona will process a ton of battery cathode material at 1 kilogram per hour, according to American Manganese.

Shares of American Manganese slipped C$0.01 to C$0.14 in midafternoon Canadian trading on Wednesday. They were down US$0.01 to US$0.11 on the OTC market.

– This story is being updated to give the latest stock prices.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com
 

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Wed, 21 Nov 2018 11:52:00 -0500 https://www.proactiveinvestors.com/companies/news/209699/american-manganese-expects-december-start-for-scrap-cathode-metal-pilot-plant-209699.html
<![CDATA[News - American Manganese boss presents company video to be used to apply for Disrupt Mining competition ]]> https://www.proactiveinvestors.com/companies/news/208632/american-manganese-boss-presents-company-video-to-be-used-to-apply-for-disrupt-mining-competition-208632.html American Manganese Inc. (TSX.V:AMY) (OTC-US:AMYZF) (FSE:2AM) said its president and chief executive officer, Larry W. Reaugh has presented a new company video, which will be used to apply for the Disrupt Mining competition.

The diversified specialty and critical metal company said the competition’s finalists will pitch their competing innovations to a “shark tank”- style panel of cross-industry titans at a live finale event held in March 2019 during the Prospectors and Developers Association of Canada’s (PDAC) annual convention.

The company noted that Disrupt Mining is a competition aimed at accelerating the pace of innovation in the mining sector by thinking differently and seeking cross-sector collaboration.

It said Disrupt Mining aims to be a catalyst for accelerating innovation; for coming up with new ideas that tackle problems more efficiently and productively; and for bridging the gap between mining and technology.

Zarko Meseldzija, American Manganese’s chief technical officer commented: “We believe AMY’s patent-pending battery recycling technology disrupts the mining industry by creating a circular economy approach to the battery metals supply chain and by reducing the reliance on mining operations around the world for sourcing metals”.

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Tue, 06 Nov 2018 08:35:00 -0500 https://www.proactiveinvestors.com/companies/news/208632/american-manganese-boss-presents-company-video-to-be-used-to-apply-for-disrupt-mining-competition-208632.html
<![CDATA[News - American Manganese to be represented at the New Orleans Investment Conference ]]> https://www.proactiveinvestors.com/companies/news/207868/american-manganese-to-be-represented-at-the-new-orleans-investment-conference-207868.html American Manganese Inc (CVE:AMY) will be exhibiting and meeting with potential investors in booth 229 at the New Orleans Investment Conference.

READ:​ American Manganese hails new US government's report on importance of critical metals

The conference will be held at the Hilton New Orleans Riverside on November 1-4, 2018.

 


 

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Thu, 25 Oct 2018 10:47:00 -0400 https://www.proactiveinvestors.com/companies/news/207868/american-manganese-to-be-represented-at-the-new-orleans-investment-conference-207868.html
<![CDATA[Media files - American Manganese reveals dramatic independent testing results ]]> https://www.proactiveinvestors.com/companies/stocktube/10274/american-manganese-reveals-dramatic-independent-testing-results-10274.html Wed, 29 Aug 2018 16:41:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/10274/american-manganese-reveals-dramatic-independent-testing-results-10274.html <![CDATA[News - Shares boosted as American Manganese extends share purchase warrants to December 2019 ]]> https://www.proactiveinvestors.com/companies/news/202142/shares-boosted-as-american-manganese-extends-share-purchase-warrants-to-december-2019-202142.html American Manganese Inc. (CVE:AMY, OTCMKTS:AMYZF) announced this week that it has extended the exercise period of a total of 9.8mln outstanding share purchase warrants, all of which are exercisable at C$0.20 per share.

The warrants were issued pursuant to a private placement completed on September 2, 2016.

Shares of the diversified specialty and critical metal company were up 3.57% at C$0.15 on Thursday. 

READ: American Manganese appoints new chief technical officer; shares perk up

The company said the new expiration date of the warrants is December 31, 2019, but all other terms and conditions remain unchanged. 

The extension is subject to acceptance by the TSX Venture Exchange.

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Thu, 02 Aug 2018 13:08:00 -0400 https://www.proactiveinvestors.com/companies/news/202142/shares-boosted-as-american-manganese-extends-share-purchase-warrants-to-december-2019-202142.html
<![CDATA[News - American Manganese appoints new chief technical officer; shares perk up ]]> https://www.proactiveinvestors.com/companies/news/201594/american-manganese-appoints-new-chief-technical-officer-shares-perk-up-201594.html American Manganese Inc. (CVE:AMY) announced Wednesday that it has appointed Zarko Meseldzija as chief technical officer.

Shares of the diversified specialty and critical metal company perked up 9.68% at C$0.17. 

"Zarko brings AMY a range of industry experience, acquired by working with one of Canada's largest energy companies and an innovation-driven process systems company," said president and chief executive Larry Reaugh.

"Zarko has deep insight into project management of multimillion-dollar projects as well as technical knowledge of hydrometallurgical process development projects, particularly in the field of e-waste and lithium-ion battery recycling."

According to the firm, Meseldzija's early introduction into the urban mining sector inspired him to build his career on emerging technologies and to open an independent consulting firm focused on lithium-ion battery supply chain management and the recycling of battery metals such as cobalt, lithium, nickel and manganese. He holds a bachelor in mining engineering from the University of Alberta and is a registered engineer with the Engineers and Geoscientists of British Columbia.

"During his time as a consultant, Zarko demonstrated a full understanding of our recycling technology and has proven to be an innovative leader in our organization's growth," added Reaugh.

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Wed, 25 Jul 2018 20:49:00 -0400 https://www.proactiveinvestors.com/companies/news/201594/american-manganese-appoints-new-chief-technical-officer-shares-perk-up-201594.html
<![CDATA[News - American Manganese ups manganese estimate at Artillery Peak in Arizona ]]> https://www.proactiveinvestors.com/companies/news/74167/american-manganese-ups-manganese-estimate-at-artillery-peak-in-arizona-8985.html American Manganese (TSX-V:AMY) said Wednesday that it has significantly increased its manganese estimate for its Artillery Peak project in Arizona, as the company just completed a new NI 43-101 compliant resource report, which incorporates the results of the 2010 drilling program at the property.

The 2010 drilling program included 53 reverse circulation drill holes totaling 4,526.3 metres  on patented claims located on the northern third of the property.

Currently, the indicated resource for the property stands at 92.8 million tonnes at a grade of 3.27% Mn (using a 0.9% cut-off grade), while the inferred resource totals 107.2 million tonnes at a grade of 3.76% Mn.

Previously, using the same cut-off grade, the indicated estimate was 10.9 million tonnes at a grade of 4.46% Mn, and the inferred resource totaled 96.9 million tonnes at a grade of 4.52% Mn.

"Not only has the amount of contained Mn metal increased by about 45%, but also the amount of the resource in the indicated category has increased by more than six times from the previous estimate. These results support our belief in the character and quality of the Artillery Peak Deposit, and there is a lot more ground to explore to expand the resource further," said president and CEO Larry W. Reaugh.

China controls electrolytic manganese production (EMM), supplying and producing 97.44% of the world's needs, which equates to about 2.6 billion pounds per year.

There currently is no substitute for manganese in steel, and it is the most critical metal at risk to supply and restriction in the United States as there is no US production. EMM's is used for the upgrading of specialty steel and the manufacture of aluminum alloys and electronics.

The EMM market grew at 26% per year from 2003 - 2008, to 2.6 billion pounds per year. Manganese resources are currently on the decline in China, however.

American Manganese is aiming to become a low-cost manganese producer from its Arizona project.

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Wed, 06 Oct 2010 14:41:00 -0400 https://www.proactiveinvestors.com/companies/news/74167/american-manganese-ups-manganese-estimate-at-artillery-peak-in-arizona-8985.html