Proactiveinvestors USA & Canada American Manganese Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada American Manganese Inc. RSS feed en Wed, 23 Jan 2019 03:41:30 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![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