American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) said Thursday its patented lithium-ion battery recycling process has been featured by the Joint Center for Deployment & Research in Earth Abundant Materials in Washington State.
The center is working to accelerate the development of next-generation clean energy and transportation technologies due to a statewide initiative designed to reduce carbon gas emissions and fossil fuel dependency by promoting clean energy transportation technologies like electric vehicles, according to a statement.
Washington State University leads the advanced materials research collaborative, which includes the University of Washington, Western Washington University, Pacific Northwest National Laboratory and several other colleges and universities.
READ: American Manganese reaches another milestone with completion of initial test on final stage of recycling pilot plant project
The center’s feature also includes American Manganese's combined efforts with the US Department of Energy and Critical Materials Institute to develop a domestic solution to the critical materials shortage.
By recycling used electric vehicle batteries, British Columbia-based American Manganese can recover materials such as lithium, cobalt, nickel, and manganese through its flagship RecylLiCoTM process. The company intends to become a global leader in lithium-ion battery recycling.
American Manganese’s stock recently traded flat at C$0.20 a share in Toronto but rose 2.7% to US$0.15 a share on the OTC Market.
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