The Prospector News

American Manganese Warrant Exercise and Update on Lithium-ion Battery Recycling Progress

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

American Manganese Warrant Exercise and Update on Lithium-ion Battery Recycling Progress

 

 

 

 

 

American Manganese Inc. (TSX-V:AMY) (OTC:AMYZF) (FSE:2AM)  is pleased to announce that the Company issued 3,658,600 units of commons shares pursuant to warrant exercise at $0.20 per share receiving total proceeds of $731,720. The Company is in a solid financial position to move forward on the immediate goals as well as on going testing at Kemetco Research as follows:

 

Immediate Goals

 

  • The Company has applied for an initial grant from the Canadian Government for the Lithium-ion Battery Recycling Research Program.
  • Management plans to meet with Battery Safety Solutions B.V. (“BSS”) early this year to discuss and finalize the Memorandum of Understanding entered into on December 11, 2018.
  • Kemetco will prepare a third US patent application in the first quarter of 2020 to optimize the Company’s battery recycling opportunity.
  • The Company has met with and requested a Preliminary Economic Assessment and design proposal for a 3 tonne per day commercial demonstration plant from Kemetco Research utilizing the Company’s patented process.

 

The Company will continue Research and Development on battery materials received from lithium-ion battery related entities.

 

“These are the major milestones as we enter 2020,” said Larry Reaugh, CEO of AMY. “The AMY process is being recognized by major government labs, and key private sector players in the EV Battery markets, even as we continue to build our IP portfolio via the patent process. All of this creates momentum as we move toward a 3 tonne per day processing plant that will demonstrate the commercial potential of our process.”

 

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 high 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.

 

Posted January 10, 2020

Share this news article

MORE or "UNCATEGORIZED"


Triple Flag Announces US$550 million Gold and Silver Stream on CMOC's Northparkes Mine

Triple Flag Precious Metals Corp. is pleased to announce that its... READ MORE

July 12, 2020

Euro Manganese Announces Closing of First Tranche of Private Placement

Euro Manganese Inc. (TSX-V:EMN ) (ASX: EMN) is pleased to announc... READ MORE

July 10, 2020

Supreme Metals Announces Closing of Non-Brokered Private Placement and Finalizes Acquisition of Sol Sureno

Supreme Metals Corp. (CSE: ABJ) (FSE:A68) announced that it has c... READ MORE

July 10, 2020

Aben Closes Private Placement

Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankf... READ MORE

July 10, 2020

Thor Explorations Closes First Tranche Private Placement Raising $12.5m (us$9.2m)

Thor Explorations Ltd. (TSX-V: THX) is pleased to announce that i... READ MORE

July 10, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions