logo-loader
American Manganese Inc.

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

Additional nickel cobalt aluminum oxide and nickel manganese cobalt oxide cathode scraps have been processed successfully in Stage 1 and Stage 2 of the company's pilot plant project

A hand holding scrap metal
Pilot plant testing is expected to finish by late May, according to American Manganese

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 [email protected]

Quick facts: American Manganese Inc.

Price: $0.22

Market: TSX-V
Market Cap: $37.72 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of American Manganese Inc. named herein, including the promotion by the Company of American Manganese Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

American Manganese sees impressive results from testing on recycling cathodes

American Manganese (CVE:AMY) President and CEO Larry Reaugh sat down with Steve Darling from Proactive Investors Vancouver to discuss their latest result of pilot plant testing to recycle lithium batteries. Reaugh also touched on another aspect of their business and their 100% owned...

on 07/11/2019

2 min read