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.
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
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