The Prospector News

American Manganese and Zenith Chemical Sign Memorandum of Understanding for Strategic Expansion into Asia’s Battery Recycling Market

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

American Manganese and Zenith Chemical Sign Memorandum of Understanding for Strategic Expansion into Asia’s Battery Recycling Market

 

 

 

 

 

American Manganese Inc. (TSX-V: AMY) (OTCQB: AMYZF) (FSE: 2AM)  a pioneer in advanced lithium-ion battery cathode recycling-upcycling, is pleased to announce that it has signed a Memorandum of Understanding with Zenith Chemical Corporation to develop a strategic expansion plan into Asia’s lithium-ion battery recycling market. Zenith is an existing producer of high purity nickel sulphate for the lithium-ion battery supply chain and aims to expand its business into battery recycling and high-value cathode precursor materials. Zenith’s existing nickel processing plant in Taiwan can produce up to 45,000 tons/year of nickel sulphate.

 

 

Under the agreed-upon MOU, American Manganese plans to produce high-nickel cathode precursors, such as NMC811 and NMC9x, at the existing pilot and demonstration plant scale. Zenith would then validate the material specifications and convert the precursor material into cathode active material to test its properties in lithium-ion batteries. American Manganese and Zenith Chemical will work together to achieve the timeline and milestones that would mutually benefit AMY’s patented technology and Zenith’s robust supply network.

 

 

“Zenith is an existing producer of battery materials for the lithium-ion battery supply chain and their incredible supply network and market intelligence offers an intangible benefit for the RecycLiCo processes expansion into Asia’s battery supply chain,” said Larry Reaugh, President and CEO of American Manganese. “I’m excited for the opportunity to demonstrate the RecycLiCo process capability to produce high-nickel cathode precursor product and I’m confident in our ability to achieve the desired specifications.

 

 

About American Manganese Inc.

 

 

American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.

 

 

About Zenith Chemical Corporation

 

Zenith Chemical Corporation is focused on the production of nickel based chemicals, including high purity nickel sulfate for the lithium ion battery application at two plants in Taichung, Taiwan. In addition to nickel chemicals, Zenith is also leveraging its position in the lithium battery supply chain to develop additives in anode and separator to improve performance of the battery.

Posted February 24, 2022

Share this news article

MORE or "UNCATEGORIZED"


Orea Announces Closing of Oversubscribed Non-Brokered Private Placement

Orea Mining Corp. (TSX: OREA) (OTCQB: OREAF) (FSE: 3CG) is please... READ MORE

January 26, 2023

CANADA SILVER COBALT RELEASES SILVER ASSAY OF 29,165 g/t (850 oz/ton) FROM CONCENTRATE OF CASTLE MINE WASTE ROCK

Canada Silver Cobalt Works Inc. (TSX-V: CCW) (OTC: CCWOF) (Frankf... READ MORE

January 26, 2023

Guanajuato Silver Produces Record 836,375 AgEq Ounces in Q4

Sees 19% Q4 Production Increase Over Q3   Guanajuato Silver Comp... READ MORE

January 26, 2023

Argentina Lithium Drilling Extends Lithium Brine Zone at Rincon West

Argentina Lithium & Energy Corp. (TSX-V: LIT) (FSE: OAY3) (O... READ MORE

January 26, 2023

NEVADA KING ANNOUNCES SIGNIFICANT SILVER INTERCEPTS FROM ITS 2021 ATLANTA DRILL PROGRAM

Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) is pleased t... READ MORE

January 26, 2023

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2023 The Prospector News