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American Manganese solidifies industry status with Critical Materials Institute membership

The Critical Materials Institute is part of the US Department of Energy's Innovation Hubs

electric cars charging
American Manganese is working on recovering cathode metals for lithium-ion batteries primarily used in electric vehicles

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 [email protected]

Follow her on Twitter @AHarmantas

Quick facts: American Manganese Inc.

Price: 0.15 CAD

Market: TSX-V
Market Cap: $27.09 m

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