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American Manganese provides review of 2020 company and industry highlights which puts it in a strategic position for 2021

Published: 11:20 31 Dec 2020 EST

American Manganese Inc. -
Reaugh added: "We wish everyone a prosperous New Year from all of us at American Manganese"

American Manganese Inc. (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) has provided a review of 2020 company and industry highlights in lithium-ion battery recycling, manganese processing, mining exploration, and financing that have put the company in a strategic position for 2021.

"2020 has been a year for the history books as we have all been faced with incredibly challenging times. I'm proud of our team and investors who have shown resilience and support as we worked to advance our technology on multiple fronts and contribute to domestic and circular supply chains," said Larry Reaugh, president and CEO of American Manganese in the statement.

"We wish everyone a prosperous New Year from all of us at American Manganese."

READ: American Manganese ships manganese samples from Wenden stockpile project in Arizona

Lithium-ion Battery Recycling highlights:

• Achieved 99.7% extraction of lithium, nickel, manganese, and cobalt from lithium-ion cathode material during pilot plant leach tests
• Received funding from National Research Council of Canada Industrial Research Assistance Program for the project, Synthesis of Cathode Material Precursors from Recycled Battery Scrap
• Acquired specialized cathode precipitation reactor to advance the production of recycled cathode material
• Increased processing capacity of pilot plant pre-leach stage by 356% to 292 kilograms per day of lithium-ion battery cathode material
• Announced conceptual commercial recycling plant layout with a proposed processing capacity of 3 tonnes per day
• Achieved 99.72% purity from recycling tests on electric vehicle battery materials from the US Department of Energy and Critical Materials Institute Project Manganese Process Highlights:
• United States Defense Logistics Agency awarded company a grant to perform work on the US Government's strategic National Defense manganese stockpile located near Wenden, Arizona
• Approximately 550 pounds of manganese samples from Wenden Stockpile received for the bench-scale testing project using American Manganese's patented manganese process
• Executive Order signed by the President of the United States, declaring a National Emergency to expand domestic mining industry for critical minerals such as manganese, for which the United States is 100%
import-dependent

Gold, Copper, and Rare Earth Exploration highlights:

• Proposed spin-out of British Columbia gold, copper, and rare earth mineral claims into a new company to maximize shareholder value
• Filed NI 43-101 technical summary report on Rocher DeBoule gold and copper property

2020 financing Highlights:
• 116% year-to-date increase in share price (Current: $0.40; and 52-week range: $0.10-$0.72)
• Raised $1,542,954 at $0.20 per unit in a non-brokered private placement
• Raised $125,040 in flow-through units at $0.24 per unit in a non-brokered private placement

American Manganese is a critical metals company focused on recycling of lithium-ion batteries (RecycLiCo) and the production of electrolytic manganese metal from low-grade US resources. The proprietary recycling process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. 

The company aims to commercialize its breakthrough RecycLiCo patented process and become an industry leader in recycling cathode materials from lithium-ion battery manufacturing waste.

Contact the author at jon.hopkins@proactiveinvestors.com

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