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American Manganese Inc.

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

RecycLiCo™ provides high extraction of cathode materials such as lithium, cobalt, nickel and manganese at battery-grade purity

collection of batteries
The company is focused on supplying the demand for mined-battery raw materials

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 [email protected]

Follow her on Twitter @AHarmantas

Quick facts: American Manganese Inc.

Price: $0.23

Market: TSX-V
Market Cap: $40.35 m
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American Manganese sees impressive results from testing on recycling cathodes

American Manganese (CVE:AMY) President and CEO Larry Reaugh sat down with Steve Darling from Proactive Investors Vancouver to discuss their latest result of pilot plant testing to recycle lithium batteries. Reaugh also touched on another aspect of their business and their 100% owned...

on 11/7/19

2 min read