"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 Mr. Reaugh.
The Company holds patented technology in four countries for its low-grade manganese mining process and a US patent for the flagship RecycLiCoTM lithium ion battery cathode recycling process. A third technology for handing commercially collected and processed end of life lithium ion battery materials is patent pending. The Company 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.
STAGES 3, 4 and 5
Stages 3, 4, and 5 of the pilot plant, includes the purification and recovery of battery grade ready lithium carbonate and base metal oxides, as well as recycling of reagents and water. The Company aims to provide these high purity recycled battery materials to lithium-ion battery manufacturers with a goal of developing a circular economy through conflict-free and sustainable methods such as AMY's patented recycling technology.
According to a Bloomberg article dated May 2, 2019 (https://www.bloomberg.com/news/articles/2019-05-02/tesla-manager-sees-risk-of-battery-minerals-shortage-in-future), "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". The Company aims to develop recycling technology that will alleviate these supply constraints in an ethical and environmentally sustainable manner while capitalizing on its suite of patented technologies.
About American Manganese Inc.
American Manganese Inc. is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCoTM Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCoTM Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
SOURCE: American Manganese Inc.