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