Proactiveinvestors USA & Canada American Manganese Inc. https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada American Manganese Inc. RSS feed en Sun, 26 May 2019 11:48:35 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - American Manganese ramps up testing of RecycLiCo pilot plant for recycling lithium-ion batteries ]]> https://ca.proactiveinvestors.com/companies/news/220871/american-manganese-ramps-up-testing-of-recyclico-pilot-plant-for-recycling-lithium-ion-batteries-220871.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) has reached another milestone in the development of its breakthrough technology for recycling lithium-ion batteries.

The firm's contract research lab, Kemetco Research has now begun testing for stages 3, 4, and 5 of its RecycLiCo pilot plant, it said in a statement Thursday.

The process allows for high extraction rates of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing.

READ THE DEEP DIVE: American Manganese is advancing its breakthrough recycling process to create high value battery cathode materials

Stages 1 and 2 of the plant consisted of the successful pre-treatment and leach of NMC (nickel, manganese cobalt) and NCA (nickel, cobalt, aluminum) cathode material, which produced 500L (liters) of pregnant leach solution of each chemistry.

Kemetco began conducting tests of the final stages using the NMC leach solution and determined flow sheet optimizations for the pilot plant with the goal of creating high purity base metals.

American Manganese said that Kemetco had integrated a new and patentable technology to the final stages of the plant process that reduces reagent consumption and by-product production.

The firm will file for the new patent following completion of testing.

The Surrey-based company is focused on supplying the demand for mined battery raw materials and creating IP (intellectual property) to develop its patented lithium-ion battery recycling process.

Blazing a trail

It is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers and is focused on recycling electric-vehicle (EV) lithium-ion batteries.

Due to the rapid development and commercialization of EVs, the demand for lithium-ion batteries is growing exponentially and the raw materials supply is struggling to keep up.

Lithium, cobalt, manganese, nickel, and aluminum are all used as feedstock for battery production.

The recoverable value for these metals is estimated to be as high as US$75.8M per gigawatt of lithium cobalt batteries, according to American Manganese data.

Shares in Toronto eased 3.45% to $0.14.

Contact Giles at giles@proactiveinvestors.com

Follow him Twitter@Gile74

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Thu, 23 May 2019 09:30:00 -0400 https://ca.proactiveinvestors.com/companies/news/220871/american-manganese-ramps-up-testing-of-recyclico-pilot-plant-for-recycling-lithium-ion-batteries-220871.html
<![CDATA[News - American Manganese is advancing its breakthrough recycling process to create high value battery cathode materials ]]> https://ca.proactiveinvestors.com/companies/news/220160/american-manganese-is-advancing-its-breakthrough-recycling-process-to-create-high-value-battery-cathode-materials-220160.html American Manganese Inc (CVE:AMY) is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers.

The critical metals company is focused on recycling electric-vehicle lithium-ion batteries. Due to the rapid development and commercialization of EVs, the demand for lithium-ion batteries is growing exponentially and the raw materials supply is struggling to keep up.

Lithium, cobalt, manganese, nickel, and aluminum are all used as feedstock for battery production.

The recoverable value for these metals is estimated to be as high as US$75.8M per gigawatt of lithium cobalt batteries, according to American Manganese data.

Electric-vehicle manufacturer Tesla Inc (NASDAQ:TSLA) recently announced that it is looking to “close the loop” on battery production by using recycled materials at its Gigafactory in Nevada, and Swedish competitor Northvolt is planning to build environmentally friendly batteries by incorporating a recycling facility.

The Surrey, BC-based company recently marked a significant milestone after being awarded a patent for its lithium-ion battery cathode material recycling technology.

RecycLiCo represents a breakthrough in the recycling of lithium-ion batteries by providing high extraction of cathode materials such as lithium, cobalt, nickel and manganese at battery-grade purity. The process involves minimal steps, ensuring a high-grade, low-cost output.

American Manganese estimates that it will see an annual profit of US$8.4 million and a 47% margin once the process is commercialized.

The technology is currently being tested on a pilot plant scale, with recent results from the pilot plant showing high extraction rates.

Upon completion of the process, American Manganese plans to commercialize its operation with a joint venture partner or through licensing agreements, which the junior company estimates could yield over US$8 million in annual profit at a 47% margin.

Inflection Points

The pilot plant construction and testing is projected to conclude by May 2019. The plant will replicate real world closed-circuit conditions in a continuous operation to simulate and de-risk production of the commercial plant in the next phase of operation.

In December 2018 American Manganese partnered with Battery Safety Solutions BV, a Dutch company, to construct a commercial plant for spent and damaged batteries. Construction is expected to be completed by late 2019.

The next step is building a 1,100 tons per year commercial plant to process scrap cathode material. According to American Manganese, the estimated revenue generated during the operation of the commercial plant would pay back the initial capital investment in a little over a year.

American Manganese is hoping to find a joint venture partner to help fund the construction of the facility, which is estimated to cost around US$10 million to build.

What the CEO says

In a recent interview with Proactive, CEO Larry Reaugh talked about the interest that the technology is generating from the wider battery metals market.

“This is a breakthrough technology that no one has,” he told Proactive. “It’s an exciting time for the company because now we’re starting to see all of our hard work and millions of dollars spent starting to formulate into a completed pilot test. The next step is commercialization.”

According to Reaugh, supplying the processing plant with scrap material is not an issue. “A lot of people ask us where our supply is coming from,” he said. “The truth is, we turn down more supply than you can believe because it comes in the form of a battery and we don’t have a safe place to put surplus batteries, but there seems to be a plentiful supply out there.”

The granting of a patent for American Manganese’s technology was a critical step for the junior company, said Reaugh. “We’re starting to get the credibility that the company needed as a junior developing a patent."

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Mon, 13 May 2019 13:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/220160/american-manganese-is-advancing-its-breakthrough-recycling-process-to-create-high-value-battery-cathode-materials-220160.html
<![CDATA[News - American Manganese updates on latest patent applications for flagship recycling technology ]]> https://ca.proactiveinvestors.com/companies/news/219988/american-manganese-updates-on-latest-patent-applications-for-flagship-recycling-technology-219988.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) updated Thursday on its patent applications for its flagship technology, saying it had filed for recycling patents in seven countries.

It brings the group's "patent portfolio now to five patents in four countries and seven filed for in seven countries", the group said in a statement.

READ: American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries

The company said that the seven selected for national phase applications are as follows:  China, Japan, South Korea, Europe, Australia, India and Canada.

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The new patent comes at a time of surging demand for lithium-ion batteries as part of the trend towards ‘the electrification of everything'.

"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 Larry Reaugh, the president and CEO of American Manganese.

AMY holds patented technology in four countries for its low-grade manganese mining process and a US patent for the flagship RecycLiCoTM recycling process.

Patent pending

A third technology for handing commercially collected and processed end of life lithium ion battery materials is patent pending.

AMY told investors it 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.

These stages  of the pilot plant include the purification and recovery of battery grade ready lithium carbonate and base metal oxides, as well as recycling of reagents and water.

The firm also in the release quoted from a recent Bloomberg article, which read: "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."

Shares in Toronto were unchanged at $0.15

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 09 May 2019 09:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/219988/american-manganese-updates-on-latest-patent-applications-for-flagship-recycling-technology-219988.html
<![CDATA[News - American Manganese closes C$1.6 million financing for battery recycling program; shares rise ]]> https://ca.proactiveinvestors.com/companies/news/219689/american-manganese-closes-c16-million-financing-for-battery-recycling-program-shares-rise-219689.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Friday that it raised a total of C$1.6 million to advance its patented lithium-ion battery recycling process.

Shares of American Manganese jumped 3.6% in Toronto to C$0.15 on Friday afternoon. On the OTC market, the company’s stock was trading at US$0.12.

READ: American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries

The fourth and final tranche of this oversubscribed private placement garnered nearly C$570,000.

In the final tranche, the Surrey, BC-based company issued nearly 3.8 shares of the company at $0.15 per share. Each share comprises one unit and one warrant, which is exercisable at $0.20 per share for two years following the warrant issuance.

American Manganese is developing the RecycLiCo system of recycling lithium-ion batteries to extract cathode metals such as lithium, cobalt, nickel and manganese at battery-grade purity.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Fri, 03 May 2019 14:46:00 -0400 https://ca.proactiveinvestors.com/companies/news/219689/american-manganese-closes-c16-million-financing-for-battery-recycling-program-shares-rise-219689.html
<![CDATA[News - American Manganese introduces RecycLiCo, a breakthrough technology for recycling lithium-ion batteries ]]> https://ca.proactiveinvestors.com/companies/news/218774/american-manganese-introduces-recyclico-a-breakthrough-technology-for-recycling-lithium-ion-batteries-218774.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Wednesday that it has launched its RecycLiCo Patented Process, which represents a breakthrough in the recycling of lithium-ion batteries.

RecycLiCo provides high extraction of cathode materials suh as lithium, cobalt, nickel and manganese at battery-grade purity. The process involves minimal steps, ensuring a high-grade, low-cost output.

READ: American Manganese shares jump as pilot plant achieves high extraction in independent testing

"As pioneers in the advanced lithium-ion battery recycling market, American Manganese and its RecycLiCoTM Patented Process aim to promote a circular economy for the lithium-ion battery supply chain and set the standard for high recovery and purity of cathode materials from spent lithium-ion batteries," said Larry Reaugh, president and CEO of American Manganese, in a statement.

The Surrey-based company is focused on supplying the demand for mined battery raw materials, creating intellectual property to develop its patented lithium-ion battery recycling process.

RecycLiCo is the culmination of this process, the junior company said in a statement.

The technology is currently being tested on a pilot plant scale, with recent results from the pilot plant showing high extraction rates.

Upon completion of the process, American Manganese plans to commercialize its operation with a joint venture partner or through licensing agreements.

Shares of American Manganese closed Tuesday at C$0.15 in Canada and US$0.10 in the US.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Wed, 17 Apr 2019 08:24:00 -0400 https://ca.proactiveinvestors.com/companies/news/218774/american-manganese-introduces-recyclico-a-breakthrough-technology-for-recycling-lithium-ion-batteries-218774.html
<![CDATA[News - American Manganese shares jump as pilot plant achieves high extraction in independent testing ]]> https://ca.proactiveinvestors.com/companies/news/218442/american-manganese-shares-jump-as-pilot-plant-achieves-high-extraction-in-independent-testing-218442.html American Manganese Inc (CVE:AMY) shares rose on Thursday morning after it reported that independent test results showed extraction levels from lithium ion battery cathode material of over 90%.

Shares of American Manganese were up nearly 4% by midday Thursday to sit at C$0.15 in Canada and sat at US$0.11 in the US.

The company worked with contract laboratory Kemetco Research to test several batches of commercially available scrap lithium ion battery cathode material containing NMC (lithium-nickel-manganese-cobalt) and NCA (lithium-nickel-cobalt-aluminum).

READ: American Manganese marks major milestone with grant of patent for flagship technology

The cathode active material was separated from aluminum foil and then processed using American Manganese’s processing technology.

The extraction results achieved from Kemetco’s testing from NMC cathode material were around 94% lithium, 95% cobalt, 91% nickel and 96% manganese. The NCA cathode material results were nearly 94% lithium, 87% cobalt, 86% nickel and 100% aluminum.

Recovery results promising

According to the company, while the first two stages of the pilot plant achieved exceptional recovery results from the first pass of material, an additional wash and screen will increase recovery of additional active material to be processed, it said in a statement.

"From the pilot plant we have improved the handling of large quantities of commercially available material on a continuous basis, in terms of separation of active material from aluminum foils,” said Larry Reaugh, president and CEO at American Manganese. “The proven effectiveness of extraction is a great demonstration as we plan for commercial production."

The next stages will include purification and recovery of battery-grade-ready lithium carbonate and base metal oxides, as well as water and reagents recycling.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 11 Apr 2019 12:40:00 -0400 https://ca.proactiveinvestors.com/companies/news/218442/american-manganese-shares-jump-as-pilot-plant-achieves-high-extraction-in-independent-testing-218442.html
<![CDATA[Media files - American Manganese secures U.S. Patent for Lithium-Ion Battery Recycling technology ]]> https://ca.proactiveinvestors.com/companies/stocktube/12858/american-manganese-secures-us-patent-for-lithium-ion-battery-recycling-technology-12858.html Wed, 03 Apr 2019 15:43:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/12858/american-manganese-secures-us-patent-for-lithium-ion-battery-recycling-technology-12858.html <![CDATA[News - American Manganese marks major milestone with grant of patent for flagship technology ]]> https://ca.proactiveinvestors.com/companies/news/217880/american-manganese-marks-major-milestone-with-grant-of-patent-for-flagship-technology-217880.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has marked a significant milestone, as it has been awarded a patent for its lithium-ion battery cathode material recycling technology.

The granting of the patent by the US patent and trademark office provides legal protection for the technology, the company says.

Norm Chow, the inventor of the technology, added that the achievement ... "confirms that our research is both novel and inventive.

READ: American Manganese to take part in U.S. Department of Energy project focused on EV battery recycling

"It is extremely exciting to have the opportunity to potentially contribute to the sustainability of future global electrification, which I believe will be valuable to the long-term health of our planet."

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The new patent comes at a time of surging demand for lithium-ion batteries as part of the trend towards ‘the electrification of everything'.

Big increase in demand

According to the Benchmark Mineral Intelligence battery mega-factory tracker, there is a forecast 400% increase in lithium-ion battery production capacity to 1 TWh (terawatt hours) by 2028 in order to meet electric vehicle demand outlook.

"When developing this technology, we looked at current methods of recycling waste lithium-ion batteries and discovered high heat smelting to be the primary method," said Chow.

"Because active cathode materials are oxides, the first thing that came to mind was the comparison to steelmaking. Since smelting iron ore in steelmaking generates a considerable amount of CO2, we were compelled to develop an alternative process with a sustainable focus.

"During research development, we applied Near Net Shape manufacturing principles with the goal of efficiently recycling cathode material and generating products as close to the final form as possible, with minimum processing steps."

Shares in Toronto were unchanged at $0.145 each.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Wed, 03 Apr 2019 09:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/217880/american-manganese-marks-major-milestone-with-grant-of-patent-for-flagship-technology-217880.html
<![CDATA[News - American Manganese closes third round of financing ]]> https://ca.proactiveinvestors.com/companies/news/217574/american-manganese-closes-third-round-of-financing-217574.html Critical metals group American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Friday it is closing a third tranche of its non-brokered private placement of up to 10,000 units of the company, priced at C$0.15 per unit.

Each unit will consist of one common share of American Manganese and one warrant.

Each warrant can be exercised for one share for $0.20 for two years from the date of closing of the offering.

READ: American Manganese to take part in U.S. Department of Energy project focused on EV battery recycling

The company said it has raised gross proceeds of C$350,210 in this third tranche of the private placement, and all securities issued under this second tranche are subject to a four-month hold period which expires on May 12, 2019.

American Manganese is a critical metal company with a patent-approved process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The company said the private placement is subject to final acceptance by the TSX Venture Exchange and conditional acceptance was granted on December 3, 2018.

Shares of American Manganese were at C$0.14 on Friday.

Contact Katie Lewis at katie@proactiveinvestors.com
Follow her on Twitter: @kelewis

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Fri, 29 Mar 2019 16:57:00 -0400 https://ca.proactiveinvestors.com/companies/news/217574/american-manganese-closes-third-round-of-financing-217574.html
<![CDATA[News - American Manganese to take part in U.S. Department of Energy project focused on EV battery recycling ]]> https://ca.proactiveinvestors.com/companies/news/217439/american-manganese-to-take-part-in-us-department-of-energy-project-focused-on-ev-battery-recycling-217439.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has become the first private-sector company to take part in a U.S. government project to advance the recovery of lithium-ion battery materials from electric vehicles and other goods.

The Department of Energy (DOE) project, called the "Lithium Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project" focuses on developing an economic recovery strategy for critical materials in end-of-use lithium-ion batteries.

READ: American Manganese solidifies industry status with Critical Materials Institute membership

Such batteries come from electric and hybrid electric vehicles and other goods such as electric bicycles and power tools.

Other partners in the project include the Oak Ridge National Laboratory and the Idaho National Lab (INL).

Thursday's statement comes just two days after the group announced its new membership in the Critical Materials Institute (CMI), which seeks methods to develop safe, sustainable and diversified options to the US critical metals supply chain.

Project to begin immediately

This latest government project begins immediately, under the aegis of the Critical Materials Institute (CMI), an Energy Innovation Hub, led by Ames Laboratory and supported by the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy, Advanced Manufacturing Office.

"AMY is very pleased to become the first private-sector company to participate in this project," said Larry Reaugh, the CEO of American Manganese.

"We're honored to be working with world-renowned national labs and leading U.S. universities on an issue that will dramatically impact our ability to meet rising material demand for lithium, cobalt, manganese and nickel."

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 28 Mar 2019 09:48:00 -0400 https://ca.proactiveinvestors.com/companies/news/217439/american-manganese-to-take-part-in-us-department-of-energy-project-focused-on-ev-battery-recycling-217439.html
<![CDATA[News - American Manganese solidifies industry status with Critical Materials Institute membership ]]> https://ca.proactiveinvestors.com/companies/news/217269/american-manganese-solidifies-industry-status-with-critical-materials-institute-membership-217269.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) continued to strengthen its status as a leading company in the battery metals industry, annoucing its new membership in the Critical Materials Institute (CMI).

The CMI is one of the US Department of Energy’s Innovation Hubs and seeks methods to develop safe, sustainable and diversified options to the US critical metals supply chain.

American Manganese will primarily be involved with CMI’s efforts to advance critical materials recycling.

READ: American Manganese's new patent application broadens scope of protection for its recycling technology

"We are delighted to become a member of CMI," said American Manganese’s CEO Larry Reaugh in a statement. "It is another indication of the progress we've made in our recycling process, and we look forward to engaging with the national labs, universities and other industry members of CMI on areas of mutual interest."

The Surrey, British Columbia-based company has a patent pending hydrometallurgical process for recovering cathode metals such as cobalt, lithium, nickel and manganese to use in lithium-ion batteries.

Shares of American Manganese were trading at C$0.14 in Toronto and US$0.11 in the US.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 26 Mar 2019 13:16:00 -0400 https://ca.proactiveinvestors.com/companies/news/217269/american-manganese-solidifies-industry-status-with-critical-materials-institute-membership-217269.html
<![CDATA[News - American Manganese's new patent application broadens scope of protection for its recycling technology ]]> https://ca.proactiveinvestors.com/companies/news/216865/american-manganese-s-new-patent-application-broadens-scope-of-protection-for-its-recycling-technology-216865.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) has filed a new patent application covering its flagship lithium-ion battery recycling technology.

The continuation in part (C-I-P) patent now covers innovations developed by the firm over the past year, resulting from successful bench scale research and Phases 1 and 2 of the pilot plant operation on various commercial feed material collected worldwide.

READ: American Manganese gains as scrap extraction results meet critical-metal company’s expectations

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The new patent application adds the following enhancements:

Recovery of graphite and carbon from ground battery concentrates Treatment of fluoride originating from electrolyte solution Separation of aluminum from cathode active material

"This milestone was accomplished by the support of Kemetco Research Inc, especially Norm Chow, President of Kemetco," Larry Reaugh, the president and CEO at American Manganese, told investors.

"Mr Chow has done an extraordinary job ensuring the C-I-P applications were filed prior to our being granted an official patent number on our issued patent, which we expect to receive shortly. The short time span of 13 months from which the company filed the original non-provisional application and receipt of the notice of allowance, followed by the recent filing of the C-I-P puts the company in a strong position with intellectual property, which is key to working with the Tier 1 companies in the EV and personal electronics industry."

The firm wants to become the industry leader in recycling spent electric vehicle lithium-ion batteries.

Shares in Toronto were unchanged at $0.145.

---Updates to clarify nature of the patent application--

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile 74

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Wed, 20 Mar 2019 10:31:00 -0400 https://ca.proactiveinvestors.com/companies/news/216865/american-manganese-s-new-patent-application-broadens-scope-of-protection-for-its-recycling-technology-216865.html
<![CDATA[News - American Manganese gains as scrap extraction results meet critical-metal company’s expectations ]]> https://ca.proactiveinvestors.com/companies/news/216114/american-manganese-gains-as-scrap-extraction-results-meet-critical-metal-companys-expectations-216114.html American Manganese Inc (OTCMKTS:AMYZF) (CVE:AMY) shares rose Friday after announcing extraction results that met its high expectations.

The critical-metal company said additional nickel cobalt aluminum oxide and nickel manganese cobalt oxide cathode scraps have been processed successfully through Stage 1 and Stage 2 of its pilot plant project. 

Shares of the company climbed C$0.01 to C$0.14 in Friday’s Canadian trading. They traded at US$0.11 in Friday’s OTC Markets trading.

READ: American Manganese updates further on progress at recycling pilot plant

Under the company’s patent-approved process, the scraps underwent separation and leach operations, yielding a pregnant-leach solution containing cathode metals including cobalt, lithium, nickel and manganese.

More than 500 liters of the solution have been collected for further testing and prepared for the remaining three stages of the pilot plant project, according to the company.

“The pilot plant testing procedure is done in a manner that helps collect valuable operational data that will help us optimize the pilot plant for testing at a continuous rate once all stages are complete,” CEO Larry W. Reaugh said in a statement.

The pilot plant testing is expected to be completed by the end of May, although electric-vehicle and battery manufacturers are already conducting due diligence on American Manganese’s process, according to the company.

Based in Surrey, British Columbia, the company says it provides 100% extraction of cathode metals at battery-grade purity.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 08 Mar 2019 10:22:00 -0500 https://ca.proactiveinvestors.com/companies/news/216114/american-manganese-gains-as-scrap-extraction-results-meet-critical-metal-companys-expectations-216114.html
<![CDATA[Media files - American Manganese successfully completes stage 1 and 2 of battery recycling plant operation ]]> https://ca.proactiveinvestors.com/companies/stocktube/12287/american-manganese-successfully-completes-stage-1-and-2-of-battery-recycling-plant-operation-12287.html Tue, 19 Feb 2019 15:03:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/12287/american-manganese-successfully-completes-stage-1-and-2-of-battery-recycling-plant-operation-12287.html <![CDATA[News - American Manganese updates further on progress at recycling pilot plant ]]> https://ca.proactiveinvestors.com/companies/news/214734/american-manganese-updates-further-on-progress-at-recycling-pilot-plant-214734.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) unveiled more progress at its battery recycling pilot plant, saying stages one and two had been successfully completed.

That includes the pre-treatment of feedstock material and a leach of the cathode active material.

READ: American Manganese reaches milestone as Kemetco starts sample testing at recycling pilot plant

American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

"It is exciting to see our patent-approved process demonstrated on a pilot scale," said Larry Reaugh, president and CEO of the firm, based in Surrey, British Columbia.

The company's recycling pilot plant

"The successful replication of the lab-scale operations in a larger continuous closed-circuit operation not only is the first step towards commercialization, but also provides key evidence that the company's lithium-ion battery recycling technology is economically sound."

He added that the selected NMC-622 cathode feedstock, valued at US$16.25/kg, is processed at an estimated reagent cost of US$1/kg.

Processing partner, the consultant Kemetco will continue to process select samples of cathode material feedstock and prepare for the remaining stages of the pilot plant operations.

As reported earlier this month, the five stages of the pilot plant operation are as follows:

Stage 1 – Pre-treatment of cathode material Stage 2 – Leach of active material Stage 3 – Purification Stage 4 – Recovery of base metals (eg: nickel, cobalt, manganese) Stage 5 – Lithium recovery and water recycle

Kemetco provides expertise in the fields of specialty analytical chemistry, chemical process and extractive metallurgy.

American Manganese shares in Toronto added 3.70% to $0.14.

Contact Giles at giles@proactiveinvestors.com

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Fri, 15 Feb 2019 09:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/214734/american-manganese-updates-further-on-progress-at-recycling-pilot-plant-214734.html
<![CDATA[News - American Manganese reaches milestone as Kemetco starts sample testing at recycling pilot plant ]]> https://ca.proactiveinvestors.com/companies/news/214192/american-manganese-reaches-milestone-as-kemetco-starts-sample-testing-at-recycling-pilot-plant-214192.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF), the critical metals group, has further advanced its battery-recycling aims.

The Surrey, British Columbia-based company said Thursday that its processing partner, consultant Kemetco Research, has started processing of a select sample of cathode scrap material through stages one and two of the pilot plant.

READ: American Manganese reveals that pilot plant commissioning has begun

American Manganese has a patent approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

"The commencement of the pilot plant operations marks a significant step in American Manganese's quest to prove its patent-approved lithium-ion battery recycling technology," said Norman Chow, president of Kemetco. "Kemetco is proud to partner with American Manganese in developing this innovative technology."

Larry Reaugh added: "This is a great milestone for the company as we work towards a complete lithium-ion battery recycling process. The company is also anticipating an official US Patent number for its recently approved patent application."

AMY says it can provide 100% extraction of cathode metals at battery grade purity and aims to become the industry leader in recycling spent electric vehicle lithium-ion batteries.

The five stages of the pilot plant operation are as follows:

Stage 1 – Pre-treatment of cathode material Stage 2 – Leach of active material Stage 3 – Purification Stage 4 – Recovery of base metals (eg: nickel, cobalt, manganese) Stage 5 – Lithium recovery and water recycle

AMY shares added 3.70% to $0.14 in Toronto.

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Thu, 07 Feb 2019 08:35:00 -0500 https://ca.proactiveinvestors.com/companies/news/214192/american-manganese-reaches-milestone-as-kemetco-starts-sample-testing-at-recycling-pilot-plant-214192.html
<![CDATA[News - American Manganese reveals that pilot plant commissioning has begun ]]> https://ca.proactiveinvestors.com/companies/news/212972/american-manganese-reveals-that-pilot-plant-commissioning-has-begun-212972.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF), the critical metals group, has made more progress on its battery recycling aims.

The first and second stages of its pilot plant have now arrived at the Kemetco research facility in Richmond, Canada, the company revealed Monday in a regulatory release.

READ: American Manganese says US lithium-ion recycling patent clearance, fundraising among 2018 highlights

The Surrey, British Columbia-based company has a patent approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminium.

Testing consultant firm Kemetco has now begun configuring and commissioning ahead of processing one tonne of preproduction cathode scrap material (500 kilograms of NMC and 500 kg of NCA), the firm said.

"As we begin our pilot plant testing, we are thrilled to see that the U.S. Department of Energy recognizes the importance of lithium-ion battery recycling technology," said Larry Reaugh, the group's CEO.

He added that American Manganese continued to have discussions with the U.S. Department of Energy for its recycling technology as well as the U.S. Department of Defense for its initial patented process of low-grade manganese ore recovery - one of the 23 critical minerals listed in the U.S. Executive Order.

The firm believes cathode scrap recycling represents a compelling near-term opportunity for its shareholders as well as for industry participants, including lithium-ion battery manufacturers.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 21 Jan 2019 07:23:00 -0500 https://ca.proactiveinvestors.com/companies/news/212972/american-manganese-reveals-that-pilot-plant-commissioning-has-begun-212972.html
<![CDATA[News - American Manganese to close second round of financing ]]> https://ca.proactiveinvestors.com/companies/news/212438/american-manganese-to-close-second-round-of-financing-212438.html Critical metals group American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Friday it is closing a second tranche of its non-brokered private placement of up to 10,000 units of the company, priced at C$0.15 per unit.

Each unit will consist of one common share of American Manganese and one warrant.

Each warrant can be exercised for one share for $0.20 for two years from the date of closing of the offering.

READ: American Manganese says US lithium-ion recycling patent clearance, fundraising among 2018 highlights

The company said it has raised gross proceeds of C$131,750.10 in this second tranche of the private placement, and all securities issued under this second tranche are subject to a four-month hold period which expires on May 12, 2019.

American Manganese's properties in British Columbia includes the Rocher Deboule property, which has four historical operations and several additional exploration targets.

A vital component of the property is its IOCG target (Iron-Oxide-Copper-Gold), a mineralization type made famous by the Olympic Dam deposit in Australia, which has resources of an eye-watering nearly 4 billion tonnes.

The company said the private placement is subject to final acceptance by the TSX Venture Exchange and conditional acceptance was granted on December 3, 2018.

Shares of American Manganese were at C$0.14 on Friday. 

 

Contact Katie Lewis at katie@proactiveinvestors.com
Follow her on Twitter: @kelewis

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Fri, 11 Jan 2019 19:31:00 -0500 https://ca.proactiveinvestors.com/companies/news/212438/american-manganese-to-close-second-round-of-financing-212438.html
<![CDATA[News - American Manganese says US lithium-ion recycling patent clearance, fundraising among 2018 highlights ]]> https://ca.proactiveinvestors.com/companies/news/211783/american-manganese-says-us-lithium-ion-recycling-patent-clearance-fundraising-among-2018-highlights-211783.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) said approval from the US Patent and Trademark Office for its lithium-ion battery recycling technology was one of its big highlights of 2018.

The Surrey, British Columbia-based metals company said Thursday in a securities filing that it received a “notice of allowance” from the US agency earlier in December.

READ: American Manganese says pilot plant ready for testing in New Year

The company added that a C$500,000 first tranche of a non-brokered private placement has been completed. American Manganese plans to complete the placement for gross proceeds of as much as C$1.5 million.

Shares climbed C$0.01 to C$0.14 in Friday’s Canadian trading. They rose US$0.01 to US$0.11 on the OTC Markets.

The company said it significantly increased its administrative and operating expenses to expedite research and development of intellectual property. The net loss for the fiscal year ended July 31 was $2.4 million, compared with $2 million in the prior 12 months. The company said it has no revenue other than earned interest on cash and cash equivalents.

The net loss for its first quarter ended October 31 was just over $815,000, compared with a net loss of $544,000 a year earlier.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Fri, 28 Dec 2018 12:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/211783/american-manganese-says-us-lithium-ion-recycling-patent-clearance-fundraising-among-2018-highlights-211783.html
<![CDATA[News - American Manganese says pilot plant ready for testing in New Year ]]> https://ca.proactiveinvestors.com/companies/news/211679/american-manganese-says-pilot-plant-ready-for-testing-in-new-year-211679.html American Manganese Inc (CSE:AMY) said the sub-contractor of Kemetco Research has installed key pieces of equipment for the Pilot Plant and is ready to move into their facility for testing of Stages 1 and 2 in the New Year.

"We're on time and on target," said CEO Larry Reaugh. The company's patent-approved process will recover nickel, manganese, aluminum, cobalt and lithium.

AMY's has a closed-loop system at a planned processing rate of 1 kg per hour. The company will be processing the 1 metric tonne of pre-production cathode scrap material. 

BIG PICTURE: American Manganese is leading the field in the recovery of metal from lithium-ion batteries

Kemetco Research is a private sector integrated science, technology and innovation company. Their operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government.

Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. 

American Manganese recovers metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

It is an exploration stage company that acquires, explores for, and develops mineral resource projects in British Columbia, Canada and Arizona, the United States.

Contact Rene Pastor by rene.pastor@proactiveinvestors.com

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Fri, 21 Dec 2018 10:41:00 -0500 https://ca.proactiveinvestors.com/companies/news/211679/american-manganese-says-pilot-plant-ready-for-testing-in-new-year-211679.html
<![CDATA[News - American Manganese set to raise up to $80,000 to advance Canadian properties ]]> https://ca.proactiveinvestors.com/companies/news/211578/american-manganese-set-to-raise-up-to-80000-to-advance-canadian-properties-211578.html Critical metals group American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) is poised for a private placing to raise up to $80,000 gross to finance exploration of its Canadian mineral properties.

The financing will be for flow-through units offered at $0.20 a throw.

READ: American Manganese hails significant milestone as it gets patent for its lithium-ion battery recycling technology​

Each unit will consist of one flow-through share of American Manganese and one warrant.

Each warrant can be exercised for one share for $0.30 for two years from the date of closing of the offering.

American Manganese's properties in British Columbia includes the Rocher Deboule property, which has four historical operations and several additional exploration targets.

A vital component of the property is its IOCG target (Iron-Oxide-Copper-Gold), a mineralization type made famous by the Olympic Dam deposit in Australia, which has resources of an eye-watering nearly 4 billion tonnes.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter  @Gile74

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Thu, 20 Dec 2018 08:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/211578/american-manganese-set-to-raise-up-to-80000-to-advance-canadian-properties-211578.html
<![CDATA[News - American Manganese hails significant milestone as it gets patent for its lithium-ion battery recycling technology ]]> https://ca.proactiveinvestors.com/companies/news/211238/american-manganese-hails-significant-milestone-as-it-gets-patent-for-its-lithium-ion-battery-recycling-technology-211238.html Critical metals group American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) has reached a major milestone - getting notice that it will receive a patent for its innovative lithium-ion battery recycling technology.

As revealed last month, the group said it expects to commission its pilot plant for scrap cathode metal during the week of December 17.

The Surrey, British Columbia-based company plans to carry out tests of its handling of cathode scrap acquired from a US recycler.

READ: American Manganese expects Decem ber start for scrap cathode metal pilot plant

Cathode scraps are a predictable current source of material, which is ideally suited for commercialization of the firm's recycling technology.

The firm said Friday, the "notice of allowance" indicated that the examination of the invention has been completed by the US patent and trademark office and allowed for issuance as a patent.

"Allowance of this patent is a significant milestone for the company as the invention is now secured as a key asset that can be exclusively capitalized," said Larry W. Reaugh, the CEO of American Manganese.

"The U.S. Patent examiner deemed AMY's technology is "novel" and "inventive" as it enables the recycling of valuable cathode metals (namely cobalt, nickel, manganese, aluminium and lithium) while converting these materials back to fresh cathode materials for the manufacture of new lithium-ion batteries.

"American Manganese recognized early on that significant growth in the electric vehicle market will eventually lead to supply strains in materials used to make lithium-ion batteries."

Reaugh added: "That effective recycling of end of life lithium-ion batteries is a key aspect of achieving a sustainable circular economy".

American Manganese had contracted Kemetco Research for the research program to develop the technology.

The patent allows for and includes treatment of several chemistries such as lithium cobalt oxide (LCO), lithium nickel manganese cobalt oxide (NMC) and lithium nickel cobalt aluminium oxide (NCA).

Also methods for achieving 100% recoveries of cobalt, nickel, manganese, aluminium for all cathode chemistries tested.

Kemetco also plans to file for continuing patent applications on work recently completed that complements the current technology.

Shares in Toronto advanced over 14% to $0.16 on Friday. 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

--Updates for share price move---

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Fri, 14 Dec 2018 07:34:00 -0500 https://ca.proactiveinvestors.com/companies/news/211238/american-manganese-hails-significant-milestone-as-it-gets-patent-for-its-lithium-ion-battery-recycling-technology-211238.html
<![CDATA[Media files - American Manganese gets patent allowance, signs MOU with Battery Safety Solutions ]]> https://ca.proactiveinvestors.com/companies/stocktube/11617/american-manganese-gets-patent-allowance-signs-mou-with-battery-safety-solutions-11617.html Thu, 13 Dec 2018 16:57:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11617/american-manganese-gets-patent-allowance-signs-mou-with-battery-safety-solutions-11617.html <![CDATA[News - American Manganese takes step toward forming lithium-ion reuse partnership with Battery Safety Solutions ]]> https://ca.proactiveinvestors.com/companies/news/210991/american-manganese-takes-step-toward-forming-lithium-ion-reuse-partnership-with-battery-safety-solutions-210991.html Metals company American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) said Tuesday that it has signed a memorandum of understanding with Battery Safety Solutions BV for the purpose of forming a partnership to create and commercialize a closed-loop circular economy solution for the upcycling of lithium-ion batteries.

Surrey, British Columbia-based American Manganese said in a press release that the companies plan to team up to generate cobalt and manganese concentrates from waste lithium-ion batteries. They will initially focus their efforts on lithium-ion battery subtypes such as lithium cobalt oxide, nickel manganese cobalt, nickel cobalt aluminum and lithium manganese oxide.

READ: American Manganese brings in $507,450 from first tranche of private placing

BSS, according to American Manganese, specializes in the collection, discharging and dismantling of lithium-ion batteries. It will contribute expertise in European marketing, access to customers, collection and transportation, safe handling, electrical discharge, safe storage, sorting and mechanical treatment.

The Dutch company has developed a process that discharges a lithium-ion battery in a fraction of the time needed by conventional methods and stores 100% of the discharged energy, according to American Manganese. Once the battery is discharged, BSS can safely disassemble and sort lithium-ion battery components.

American Manganese said due-diligence tests of BSS’s technology were completed at Kemetco Research Inc in British Columbia.

"We received and analyzed several samples of disassembled battery materials from around the globe and believe that the BSS process is the most advanced and unique process available," CEO Larry W. Reaugh said in a press release. "This strategic partnership will bring together the unique industry-leading expertise and capabilities of each party to develop, optimize and commercialize the best complete solution for customers.”

The companies plan to be commercially ready by late 2019.

Shares of American Manganese climbed US$0.01 to US$0.11 on the OTC Markets on Tuesday. They rose C$0.01 to C$0.15 in Canada.

Earlier this month, American Manganese said it had closed the first tranche of a previously announced private placing, raising C$507,450. The metals group is carrying out the financing to raise gross proceeds of up to C$1.5 million.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com
 

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Tue, 11 Dec 2018 10:55:00 -0500 https://ca.proactiveinvestors.com/companies/news/210991/american-manganese-takes-step-toward-forming-lithium-ion-reuse-partnership-with-battery-safety-solutions-210991.html
<![CDATA[News - American Manganese brings in $507,450 from first tranche of private placing ]]> https://ca.proactiveinvestors.com/companies/news/210582/american-manganese-brings-in-507450-from-first-tranche-of-private-placing-210582.html American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) said it had closed the first tranche of a previously announced private placing, raising $507,450.

The critical metals group is carrying out the financing to raise gross proceeds of up to $1.5 million.

READ: American Manganese expects December start for scrap cathode metal pilot plant

Proceeds are to be used mainly for the completion of the group's pilot plant and for general working capital.

This first tranche consists of over 3.3 million units of the company.

The private placing is for a unit offering at a price of $0.15 each and  each unit will consist of one share and one purchase warrant.

The warrant  is exercisable for one common share at a price of $0.20 per share for two years from the date of closing the offering.

Last month, the group said it expects to commission its pilot plant for scrap cathode metal during the week of December 17.

The Surrey, British Columbia-based company plans to carry out tests of its handling of cathode scrap acquired from a US recycler.

Lab tests have already been conducted by Kemetco, a contractor based in Richmond, British Columbia.

The pilot plant in Arizona will process a ton of battery cathode material at 1 kilogram per hour, according to American Manganese.

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Wed, 05 Dec 2018 07:42:00 -0500 https://ca.proactiveinvestors.com/companies/news/210582/american-manganese-brings-in-507450-from-first-tranche-of-private-placing-210582.html
<![CDATA[News - American Manganese expects December start for scrap cathode metal pilot plant ]]> https://ca.proactiveinvestors.com/companies/news/209699/american-manganese-expects-december-start-for-scrap-cathode-metal-pilot-plant-209699.html American Manganese Inc (CVE:AMY, OTCMKTS:AMYZF) said Wednesday that it expects to commission its pilot plant for scrap cathode metal during the week of December 17.

The Surrey, British Columbia-based company plans to carry out tests of its handling of cathode scrap acquired from a US recycler. Lab tests have been conducted by Kemetco, a contractor based in Richmond, British Columbia.

READ: American Manganese presses ahead with pilot plant for scrap cathode material

“Kemetco has been extremely diligent in its research and development to verify that the process design will not only be successful in recovering cathode materials, but that it will be an effective process on an industrial scale,” American Manganese CEO Larry W. Reaugh said in a press release.

American Manganese plans to file a continuing patent application for the first two of five testing stages. The continuing patent application will be added to the company's patent-pending core technology.

The pilot plant in Arizona will process a ton of battery cathode material at 1 kilogram per hour, according to American Manganese.

Shares of American Manganese slipped C$0.01 to C$0.14 in midafternoon Canadian trading on Wednesday. They were down US$0.01 to US$0.11 on the OTC market.

– This story is being updated to give the latest stock prices.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com
 

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Wed, 21 Nov 2018 11:52:00 -0500 https://ca.proactiveinvestors.com/companies/news/209699/american-manganese-expects-december-start-for-scrap-cathode-metal-pilot-plant-209699.html
<![CDATA[News - American Manganese presses ahead with pilot plant for scrap cathode material ]]> https://ca.proactiveinvestors.com/companies/news/209398/american-manganese-presses-ahead-with-pilot-plant-for-scrap-cathode-material-209398.html Metal company American Manganese Inc (CVE:AMY, OTCMKTS:AMYZF) said Friday it is moving forward in developing an advanced materials pilot plant to treat scrap cathode material.

The Surrey, British Columbia-based company said in a press release that a priority is tailoring its recycling technology to the growing lithium-ion battery market. 

READ: American Manganese set to put technology to test as it receives a tonne of scrap

American Manganese added that it has improved its workflow to process cathode scrap material from a metal recycler based in the United States. The improvements include steps to separate the aluminium foils and polymer separators while recovering valuable active material.

"The current research and development entails hundreds of bench scale tests to verify the underlying science needed to build a fully operating pilot plant,” CEO Larry W. Reaugh said in a statement. “Along the way, our work continues to open new doors for us."

Last month, the company said it had received 1 metric ton of scrap from the US-based metal recycler. 


Contact Dennis Fitzgerald @dennis@proactiveinvestors.com

 

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Fri, 16 Nov 2018 11:15:00 -0500 https://ca.proactiveinvestors.com/companies/news/209398/american-manganese-presses-ahead-with-pilot-plant-for-scrap-cathode-material-209398.html
<![CDATA[News - American Manganese CEO salutes recent hard work by company as it's set to file patent ]]> https://ca.proactiveinvestors.com/companies/news/209038/american-manganese-ceo-salutes-recent-hard-work-by-company-as-it-s-set-to-file-patent-209038.html American Manganese Inc (CVE:AMY) boss Larry Reaugh hailed the progress of the company in a recent podcast, following the announcement last week of a $1.5 million placing.

Proceeds of the financing will be used mainly for the completion of the group's pilot plant and for general working capital.

READ: American Manganese set for $1.5M raise to complete pilot plant

The firm, with its technology, wants to become a pioneer recycler of lithium-ion batteries, a potentially large and lucrative market.

One of the major issues the firm has been working on recently has been developing a method of treating cathode scraps, and getting the aluminium foil off and dissolving the glues that are involved.

That has cost a lot of time and money, explained Reaugh.

The company will now be applying for a patent for this process, which could be received at any time, and receipt of this will be an important milestone.

"It's been a good year. It's been 27 months since we did a proof of concept. For the amount of work that we've done and the amount of intelligence we've gathered, we've done a pretty good job,” Reaugh said in the podcast.

Recently, the firm was exhibiting and meeting with potential investors at the New Orleans Investment Conference.

President and chief executive Larry Reaugh told one interviewer that he believed once the pilot plant was developed and reported, there would be more interest in the firm from Asia and Europe.

"We offer a solution that is cradle to grave on looking after and recycling the EV batteries.

"We conserve water. No water goes back into the environment. It's used in the system. It's a complete solution for any battery manufacturer," said the company boss.

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Mon, 12 Nov 2018 11:52:00 -0500 https://ca.proactiveinvestors.com/companies/news/209038/american-manganese-ceo-salutes-recent-hard-work-by-company-as-it-s-set-to-file-patent-209038.html
<![CDATA[News - American Manganese set for $1.5M raise to complete pilot plant ]]> https://ca.proactiveinvestors.com/companies/news/208853/american-manganese-set-for-15m-raise-to-complete-pilot-plant-208853.html American Manganese Inc (CVE:AMY), the critical metal group, revealed it will raise $1.5 million (gross) via a private placing.

In a statement, the firm said each unit will be sold at $0.15 and comprise one share and one warrant.

READ: American Manganese boss presents company video to be used to apply for Disrupt Mining competition

Each warrant will be exercisable for one share at 0.20 each for two years from closing.

The proceeds will be used mainly for the completion of the group's pilot plant and for general working capital, it said.

Last month, the company told investors it had received 1 metric tonne of cathode scraps from a US-based metal recycler that collects large quantities of this material monthly.

The company has completed the overall flowsheet design for its pilot plant to process scrap materials.

Recently, the firm was exhibiting and meeting with potential investors at the New Orleans Investment Conference.

President and chief executive Larry Reaugh told one interviewer that he believed once the pilot plant was developed and reported, there would be more interest in the firm from Asia and Europe.

Prior to that, another milestone in the next 30 to 60 days, the firm hopes to receive the granting of a patent from the relevant US office, he added.

"We offer a solution that is cradle to grave on looking after and recycling the EV batteries.

"We conserve water. No water goes back into the environment. It's used in the system. It's a complete solution for any battery manufacturer," said the company boss.

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Thu, 08 Nov 2018 08:59:00 -0500 https://ca.proactiveinvestors.com/companies/news/208853/american-manganese-set-for-15m-raise-to-complete-pilot-plant-208853.html
<![CDATA[News - American Manganese boss presents company video to be used to apply for Disrupt Mining competition ]]> https://ca.proactiveinvestors.com/companies/news/208632/american-manganese-boss-presents-company-video-to-be-used-to-apply-for-disrupt-mining-competition-208632.html American Manganese Inc. (TSX.V:AMY) (OTC-US:AMYZF) (FSE:2AM) said its president and chief executive officer, Larry W. Reaugh has presented a new company video, which will be used to apply for the Disrupt Mining competition.

The diversified specialty and critical metal company said the competition’s finalists will pitch their competing innovations to a “shark tank”- style panel of cross-industry titans at a live finale event held in March 2019 during the Prospectors and Developers Association of Canada’s (PDAC) annual convention.

The company noted that Disrupt Mining is a competition aimed at accelerating the pace of innovation in the mining sector by thinking differently and seeking cross-sector collaboration.

It said Disrupt Mining aims to be a catalyst for accelerating innovation; for coming up with new ideas that tackle problems more efficiently and productively; and for bridging the gap between mining and technology.

Zarko Meseldzija, American Manganese’s chief technical officer commented: “We believe AMY’s patent-pending battery recycling technology disrupts the mining industry by creating a circular economy approach to the battery metals supply chain and by reducing the reliance on mining operations around the world for sourcing metals”.

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Tue, 06 Nov 2018 08:35:00 -0500 https://ca.proactiveinvestors.com/companies/news/208632/american-manganese-boss-presents-company-video-to-be-used-to-apply-for-disrupt-mining-competition-208632.html
<![CDATA[News - American Manganese to be represented at the New Orleans Investment Conference ]]> https://ca.proactiveinvestors.com/companies/news/207868/american-manganese-to-be-represented-at-the-new-orleans-investment-conference-207868.html American Manganese Inc (CVE:AMY) will be exhibiting and meeting with potential investors in booth 229 at the New Orleans Investment Conference.

READ:​ American Manganese hails new US government's report on importance of critical metals

The conference will be held at the Hilton New Orleans Riverside on November 1-4, 2018.

 


 

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Thu, 25 Oct 2018 10:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/207868/american-manganese-to-be-represented-at-the-new-orleans-investment-conference-207868.html
<![CDATA[News - American Manganese hails new US government's report on importance of critical metals ]]> https://ca.proactiveinvestors.com/companies/news/207217/american-manganese-hails-new-us-government-s-report-on-importance-of-critical-metals-207217.html American Manganese Inc (CVE:AMY), the critical metal group, said advisory board member Daniel McGroarty had noted a new US  gov't report, which regonises the importance of such metals.

The firm is focused on capitalizing on its IP through low cost production and recovery of electrolytic manganese products and the recycling of spent electric vehicle lithium ion rechargeable batteries.

According to the Pentagon report: "foreign dependencies on essential raw minerals (e.g., lithium) may potentially impact the rechargeable and non-rechargeable battery supply chain."

"This is a clear recognition on the U.S. Government's part that adequate supply of critical materials is as essential for national security as it is for advanced manufacturing in the commercial economy," said Larry Reaugh, chief executive of American Manganese on Tuesday.

"The new Pentagon report makes clear the importance of lithium-ion battery materials, for which the U.S. is currently between 50 and 100% import-dependent.

"That puts a premium on processes like ours to recover these critical minerals from spent batteries and industrial scrap."

Earlier this year, the U.S. Department of Interior released a list of critical minerals, working in cooperation with the U.S. Department of Defense.

The company's patented recovery process targets lithium, manganese and cobalt, all three of which are on that list.

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Tue, 16 Oct 2018 13:32:00 -0400 https://ca.proactiveinvestors.com/companies/news/207217/american-manganese-hails-new-us-government-s-report-on-importance-of-critical-metals-207217.html
<![CDATA[News - American Manganese set to put technology to test as it receives a tonne of scrap ]]> https://ca.proactiveinvestors.com/companies/news/206796/american-manganese-set-to-put-technology-to-test-as-it-receives-a-tonne-of-scrap-206796.html American Manganese Inc (CVE:AMY), the critical metal group, is set to process cathode scraps using its proprietary process as it works to become a pioneer of lithium-ion battery recycling.

The firm said it had received 1 metric tonne of the scraps from a US-based metal recycler that collects large quantities of this material monthly.

It will begin immediately to prepare to recover battery materials from this cathode scrap.

"By using our novel combination of reagents and unit operations, the pilot plant testing will replicate real-world closed-circuit conditions and provide data for efficient scale-up of a revenue-generating plant," said Larry Reaugh, the president and CEO. 

"Given rapidly rising demand for the full suite of battery metals, the industry can simply no longer afford to lose so much valuable material to scrap.  We see scrap recycling as a significant growth opportunity for AMY."

Cathode scraps are a predictable current source of material, which is ideally suited for commercialization of the firm's recycling technology.

Since around 52% of the value of a lithium-ion battery is associated with its materials (22% cathode, 6% anode, 6% electrolyte, 7% separator, 11% other materials), around  7.7% of the cathode materials in the manufacturing of new lithium-ion batteries will become scraps.

American Manganese also told investors it was set to file for patent protection of its new recycling intellectual property (IP).

The company has completed the overall flowsheet design for its pilot plant to process the scrap materials. 

Equipment for the materials handling portion of the operations has been ordered.

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Wed, 10 Oct 2018 09:21:00 -0400 https://ca.proactiveinvestors.com/companies/news/206796/american-manganese-set-to-put-technology-to-test-as-it-receives-a-tonne-of-scrap-206796.html
<![CDATA[News - American Manganese to present at Vancouver Chinese investor conference ]]> https://ca.proactiveinvestors.com/companies/news/206517/american-manganese-to-present-at-vancouver-chinese-investor-conference-206517.html American Manganese Inc (CVE:AMY) will be presenting its advanced lithium-ion battery recycling technology at the 19th annual Global Chinese Financial Forum Vancouver conference on Oct. 13, 2018.

The company said the 19th annual Global Chinese Financial Forum Vancouver 2018 conference brings together one of Canada's largest and fastest-growing Chinese investor communities with investment opportunities in the technology, life science, mining and energy sectors.

"The company is honoured to present its proprietary lithium-ion electric vehicle battery recycling process opportunity. AMY is being recognized as a significant potential player in the supply of battery metals," said Larry W. Reaugh, president and chief executive officer.

Shares of American Manganese were flat Thursday at C$0.16.

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Fri, 05 Oct 2018 17:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/206517/american-manganese-to-present-at-vancouver-chinese-investor-conference-206517.html
<![CDATA[News - American Manganese to present at Vancouver tech conference ]]> https://ca.proactiveinvestors.com/companies/news/204853/american-manganese-to-present-at-vancouver-tech-conference-204853.html American Manganese Inc. (CVE:AMY) will be presenting its advanced lithium ion battery recycling technology at the Cambridge House conference in Vancouver.

President and chief executive Larry Reaugh will make a presentation on September 19 about metals such as lithium, cobalt, nickel, manganese and aluminium from spent electric vehicle lithium-ion batteries.

A battery metals panel, moderated by Gianni Kovacevic, will be on September 20, with Bluebird Battery Metals, Global Energy Metals and American Manganese.

"The company is honoured to present its proprietary lithium-ion electric vehicle battery recycling process opportunity. AMY is being recognized as a significant potential player in the supply of battery metals," said Reaugh.

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Thu, 13 Sep 2018 09:51:00 -0400 https://ca.proactiveinvestors.com/companies/news/204853/american-manganese-to-present-at-vancouver-tech-conference-204853.html
<![CDATA[Media files - American Manganese reveals dramatic independent testing results ]]> https://ca.proactiveinvestors.com/companies/stocktube/10274/american-manganese-reveals-dramatic-independent-testing-results-10274.html Wed, 29 Aug 2018 16:41:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/10274/american-manganese-reveals-dramatic-independent-testing-results-10274.html <![CDATA[News - American Manganese is leading the field in the recovery of metal from lithium-ion batteries ]]> https://ca.proactiveinvestors.com/companies/news/203499/american-manganese-is-leading-the-field-in-the-recovery-of-metal-from-lithium-ion-batteries-203499.html The latest test results from American Manganese Inc (CVE:AMY) provide plenty of grounds for confidence that the company’s plans to become a pioneer recycler of lithium ion batteries are well on track.

Recent laboratory tests undertaken by Kemetco, a privately-owned contractor that provides analysis and testing for American Manganese, recovered 97.5% cobalt, 97.23% nickel, 97.61% manganese and 68.75% lithium after a single recovery cycle. Increase in recovery is expected in a locked cycle.

The key process involves separating the active material, which contains the desired metals, from the aluminum foil. The process currently utilizes scrap cathode material which have been rejected by battery manufacturers.

“This material can amount to several tonnes per manufacturing run,” explains American Manganese chief Larry Reaugh.

“Around 5%-10% of cathode material ends up as ‘scraps’ or sheets on aluminum. We have developed a method of treating cathode scraps, and getting the aluminum foil off and dissolving the glues that are involved.”

So positive..

It’s no surprise to Reaugh that the latest testwork has come in so positive. In proof-of-concept testing American Manganese was able to recover 100% of the required material.

“Currently we’re building a pilot plant,” he adds. “And if not 100% the recoveries should be very close to that.”

So far, all the tests are proving him right.

“To say we’re excited would be an understatement,” he says.

“We’re probably the leading company out there in this space, and it looks like we should have our patents in place within the next few months.”

That will give the company a commanding position in an industry that could end up being huge.

“There’s a lot of lithium ion batteries that have reached the end of their life, so there’s a ready market out there,” says Reaugh.

His optimism is supported by some fairly robust industry forecasts that show that the value of the lithium ion battery market is not far off hitting US$46bn.

At this stage, American Manganese is building up slowly to address this market.

“We have a business plan that outlines a three tonnes per day operation,” says Reaugh.

“There’s around US$3,000 of cathode material in a battery, and the profit coming to us could be two thirds of that. Depending on how we vary the chemistry our costs can be paid back in anything from three to 12 months.”

Scale up potential

But scale the operation up, and the potential starts to become significant.

“If we went to 30 tonnes per day that would equate to revenues of between US$100mln and US$300mln.”

For a company that’s currently capitalised at just over C$23mln on the Venture Exchange, the potential for transformation is extraordinary, something that Reaugh himself is only too aware of.

A seasoned entrepreneur, hitherto primarily in the mining space, he characterises American Manganese’s current opportunity as “the best deal I’ve ever had.”

“We don’t have to go drilling for resources, we don’t have to drill off tonnages.”

Indeed, all American Manganese has to do is source the material and go to work.

As it stands, a recent C$2.3mln raise will take the company through to the end of the year, by which time the pilot plant will be complete.

But by then it’s quite possible the ongoing results that American Manganese is able to put into the market will have attracted a partner in some shape or form.

“When the battery manufacturers understand what we can do and what we can get back, hopefully someone will step up to the plate,” says Reaugh.

“We have the most advanced process out there – I don’t know what’s happening behind closed doors, but I haven’t seen anything else patented for some time.”

So, with first mover advantage in an industry that’s on a rapid growth trajectory, the future is shaping up well for American Manganese.

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Thu, 23 Aug 2018 15:06:00 -0400 https://ca.proactiveinvestors.com/companies/news/203499/american-manganese-is-leading-the-field-in-the-recovery-of-metal-from-lithium-ion-batteries-203499.html
<![CDATA[News - American Manganese reports on positive lab yields from its recycling process ]]> https://ca.proactiveinvestors.com/companies/news/203407/american-manganese-reports-on-positive-lab-yields-from-its-recycling-process-203407.html Critical metal firm American Manganese Inc. (CVE:AMY, OTCMKTS:AMYZF) unveiled positive lab results for recycling lithium-ion battery cathode scraps.

After a single cycle, Kemetco recovered 97.5% cobalt, 97.61% manganese, 97.23% nickel, and 68.75% lithium with recovery expected to increase in a locked cycle, the firm said.

The company expects to report more news on the pilot plant progress and other pending news in September and this fall, it said.

"I was impressed with Kemetco's knowledgeable lab team when the lithium-ion battery recycling process was first recognized and over the past year their continued intellectual property development and lab results continue to meet my expectations", Larry Reaugh, American Manganese president and chief executive said.

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Wed, 22 Aug 2018 09:25:00 -0400 https://ca.proactiveinvestors.com/companies/news/203407/american-manganese-reports-on-positive-lab-yields-from-its-recycling-process-203407.html
<![CDATA[News - American Manganese to present on its lithium ion battery recycling tech at California conference ]]> https://ca.proactiveinvestors.com/companies/news/202994/american-manganese-to-present-on-its-lithium-ion-battery-recycling-tech-at-california-conference-202994.html American Manganese Inc. (CVE:AMY) will be presenting on their advanced lithium ion battery recycling technology at The MoneyShow San Francisco between August 23 and 25 this year.

President and chief executive Larry Reaugh will make a presentation about metals such as lithium, cobalt, nickel, manganese and aluminium from spent electric vehicle lithium-ion batteries.

Chief technical officer Zarko Meseldzija will also be at the event at the Hilton, San Francisco.

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Wed, 15 Aug 2018 14:51:00 -0400 https://ca.proactiveinvestors.com/companies/news/202994/american-manganese-to-present-on-its-lithium-ion-battery-recycling-tech-at-california-conference-202994.html
<![CDATA[News - Shares boosted as American Manganese extends share purchase warrants to December 2019 ]]> https://ca.proactiveinvestors.com/companies/news/202142/shares-boosted-as-american-manganese-extends-share-purchase-warrants-to-december-2019-202142.html American Manganese Inc. (CVE:AMY, OTCMKTS:AMYZF) announced this week that it has extended the exercise period of a total of 9.8mln outstanding share purchase warrants, all of which are exercisable at C$0.20 per share.

The warrants were issued pursuant to a private placement completed on September 2, 2016.

Shares of the diversified specialty and critical metal company were up 3.57% at C$0.15 on Thursday. 

READ: American Manganese appoints new chief technical officer; shares perk up

The company said the new expiration date of the warrants is December 31, 2019, but all other terms and conditions remain unchanged. 

The extension is subject to acceptance by the TSX Venture Exchange.

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Thu, 02 Aug 2018 13:08:00 -0400 https://ca.proactiveinvestors.com/companies/news/202142/shares-boosted-as-american-manganese-extends-share-purchase-warrants-to-december-2019-202142.html
<![CDATA[News - American Manganese appoints new chief technical officer; shares perk up ]]> https://ca.proactiveinvestors.com/companies/news/201594/american-manganese-appoints-new-chief-technical-officer-shares-perk-up-201594.html American Manganese Inc. (CVE:AMY) announced Wednesday that it has appointed Zarko Meseldzija as chief technical officer.

Shares of the diversified specialty and critical metal company perked up 9.68% at C$0.17. 

"Zarko brings AMY a range of industry experience, acquired by working with one of Canada's largest energy companies and an innovation-driven process systems company," said president and chief executive Larry Reaugh.

"Zarko has deep insight into project management of multimillion-dollar projects as well as technical knowledge of hydrometallurgical process development projects, particularly in the field of e-waste and lithium-ion battery recycling."

According to the firm, Meseldzija's early introduction into the urban mining sector inspired him to build his career on emerging technologies and to open an independent consulting firm focused on lithium-ion battery supply chain management and the recycling of battery metals such as cobalt, lithium, nickel and manganese. He holds a bachelor in mining engineering from the University of Alberta and is a registered engineer with the Engineers and Geoscientists of British Columbia.

"During his time as a consultant, Zarko demonstrated a full understanding of our recycling technology and has proven to be an innovative leader in our organization's growth," added Reaugh.

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Wed, 25 Jul 2018 20:49:00 -0400 https://ca.proactiveinvestors.com/companies/news/201594/american-manganese-appoints-new-chief-technical-officer-shares-perk-up-201594.html
<![CDATA[News - American Manganese ups manganese estimate at Artillery Peak in Arizona ]]> https://ca.proactiveinvestors.com/companies/news/74167/american-manganese-ups-manganese-estimate-at-artillery-peak-in-arizona-8985.html American Manganese (TSX-V:AMY) said Wednesday that it has significantly increased its manganese estimate for its Artillery Peak project in Arizona, as the company just completed a new NI 43-101 compliant resource report, which incorporates the results of the 2010 drilling program at the property.

The 2010 drilling program included 53 reverse circulation drill holes totaling 4,526.3 metres  on patented claims located on the northern third of the property.

Currently, the indicated resource for the property stands at 92.8 million tonnes at a grade of 3.27% Mn (using a 0.9% cut-off grade), while the inferred resource totals 107.2 million tonnes at a grade of 3.76% Mn.

Previously, using the same cut-off grade, the indicated estimate was 10.9 million tonnes at a grade of 4.46% Mn, and the inferred resource totaled 96.9 million tonnes at a grade of 4.52% Mn.

"Not only has the amount of contained Mn metal increased by about 45%, but also the amount of the resource in the indicated category has increased by more than six times from the previous estimate. These results support our belief in the character and quality of the Artillery Peak Deposit, and there is a lot more ground to explore to expand the resource further," said president and CEO Larry W. Reaugh.

China controls electrolytic manganese production (EMM), supplying and producing 97.44% of the world's needs, which equates to about 2.6 billion pounds per year.

There currently is no substitute for manganese in steel, and it is the most critical metal at risk to supply and restriction in the United States as there is no US production. EMM's is used for the upgrading of specialty steel and the manufacture of aluminum alloys and electronics.

The EMM market grew at 26% per year from 2003 - 2008, to 2.6 billion pounds per year. Manganese resources are currently on the decline in China, however.

American Manganese is aiming to become a low-cost manganese producer from its Arizona project.

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Wed, 06 Oct 2010 14:41:00 -0400 https://ca.proactiveinvestors.com/companies/news/74167/american-manganese-ups-manganese-estimate-at-artillery-peak-in-arizona-8985.html