American Manganese Inc (CVE:AMY) (OTCMKT:AMYZF) revealed Thursday it is looking again at its Artillery Peak low-grade manganese project in Arizona amid renewed interest in the metal, which can be used in the production of batteries for electric vehicles (EVs).
The move comes ahead of Tesla's (NASDAQ:TSLA) so-called battery day on September 22, 2020, which is expected to be accompanied with announcements on the tech firm's battery manufacturing technology.
Some are forecasting that the EV titan is poised to get rid of expensive cobalt in its processing, with increases to nickel and the introduction of manganese, which is used in batteries, including lithiated manganese dioxide (LMD) batteries.
Such batteries use around 60% manganese and only 4% lithium. LMDs are said to have numerous benefits, including higher power output, thermal stability, and improved safety versus lithium-ion batteries.
American Manganese's Artillery Peak project includes 31 unpatented mineral claims covering around 620 acres in Mohave county and includes past-producing mines.
The firm said it will look again at the 2012 pre-feasibility study (PFS) prepared by Tetra-Tech for the production of Electrolytic Manganese Metal (EMM). It will also analyze studies on the production of high purity working Electrolytic Manganese dioxide (EMD) Prototype Lithium-Ion Batteries by American Manganese's research partner Kemetco Research.
The US patents for this process were granted to the firm in 2013 and later became the cornerstone of the company's lithium-ion battery material recycling patents. The manganese patent was also granted in China, South Africa, and Canada.
American Manganese revealed that the PFS was based on Electrolytic Manganese Metal (EMM), whereas production of Electrolytic Manganese dioxide (EMD) is less expensive.
The patented process is closed-loop with dry tailings and reuse of water.
American Manganese is a tech and urban mining firm focused on recovering key metals, such as nickel and cobalt, from scrap cathode material rejected by battery manufacturers in a ground-breaking process, then selling it back into the market.
Contact the author at firstname.lastname@example.org