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
“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.
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