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American Manganese says contractor Kemetco comes up with conceptual layout for commercial recycling plant

The group's contractor Kemetco has produced a conceptual layout for the cathode material recycling plant with a 3 tonne per day processing capacity

American Manganese Inc. -
The company's process extracts from spent batteries from electric vehciles cathode materials such as lithium, cobalt, nickel and manganese

American Manganese Inc (CVE:AMY) (OTCPINK:AMYZF) said it has reached another milestone in advancing its ground-breaking lithium-ion battery recycling technology, namely a plant layout for its first commercial-scale plant.

The group's contractor Kemetco has produced a conceptual layout for the cathode material recycling plant with a 3 tonne per day (tpd) processing capacity, American Manganese said on Friday.

READ: American Manganese hails work of contractor Kemetco as it produces first nickel-cobalt sulfate product

"We have always been confident in Kemetco given their experience and recent achievements with ioneer's lithium-boron project," Larry Reaugh, the president and CEO of American Manganese said in a statement.

"Our conceptual plant layout brings together the last three and a half years of planning, theory, lab research, pilot plant tests, and optimization."

The company boss added: "Our methodological approach was not an overnight success like some competitors may allude and our first recycling plant will be a demonstration of the RecycLiCo patented process on a commercial scale as we continue to expand our global reach."

The company's process extracts from spent batteries 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.

Kemetco has said the capital expense of the commercial plant is estimated to be US$12 million accounting for the design and construction of the specialized equipment.

American Manganese wants to commercialize the tech via licensing or joint venture agreements and plans to locate the recycling plant in a strategic location within North America. There the group will prepare recycled products suitable for battery manufacturing.

"During these unprecedented times, the foreign dependency of rare earths and critical metals has turned resource security into national security and the RecycLiCo patented battery recycling technology is an opportunity for governments to advance research and assist in commercialization in order to secure a domestic supply of critical metals while promoting an environmentally responsible circular economy in the 21st century's tech metals race," American Manganese added.

Shares were unchanged in Toronto at C$0.14 each.

Contact the author at giles@proactiveinvestors.com

Quick facts: American Manganese Inc.

Price: 0.21 CAD

TSX-V:AMY
Market: TSX-V
Market Cap: $39.57 m
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