Cathode Materials Sourced from Disassembled Electric Vehicle Battery Packs by Critical Materials Institute Team Member
SURREY, BC / ACCESSWIRE / December 12, 2019 / American Manganese Inc. (TSXV:AMY)(OTC:AMYZF)(FSE:2AM) ("AMY" or the "Company") is pleased to announce that the Company's independent contract lab, Kemetco Research, has begun testing cathode material from disassembled electric vehicle battery packs supplied by a Critical Material Institute Team Member. The initiative is in regards to AMY's previously announced partnership with the U.S. Department of Energy (DOE) on a multi-year project that focuses on creating a circular economy for lithium-ion batteries.
The CMI project, formally titled "Lithium Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project," focuses on research, development and demonstration of novel methods that maximize value recovery from lithium-ion battery stacks, modules and cells by reuse, remanufacturing, and materials recovery.
The project is under the aegis of the Critical Materials Institute, 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.
"The U.S. Department of Energy initiatives on critical materials and creating a circular economy align with our company objectives and we are excited to continue the projects development," said Larry Reaugh, President and CEO of American Manganese.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences 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. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
American Manganese Inc. is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCoTM Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCoTM Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
SOURCE: American Manganese Inc.
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