Materials Arrive at AMY’s Pilot Plant; CEO: CMI Project is “On Time and On Track”
SURREY, BC / ACCESSWIRE / July 17, 2019 / (TSX.V: AMY | OTC US: AMYZF| FSE: 2AM) Following AMY’s March 28, 2019 press release regarding its partnership with the U.S. Department of Energy on a multi-year project that focuses on creating a circular economy for lithium-ion batteries, American Manganese Inc. (“AMY” or the “Company”) is pleased to receive the transfer of cathode and anode materials from successfully disassembled electric vehicle battery packs by Critical Materials Institute (CMI) Team Members. The material is to be treated with AMY’s RecycLiCoTM Patented Process. Findings will be reported to project Team Members.
“We’re pleased with the progression of project milestones and are honored to be working with world-renowned national labs and leading U.S. universities,” said Larry Reaugh, CEO of American Manganese. Commenting on the delivery of the disassembled battery pack materials to AMY’s pilot plant facility, Mr. Reaugh added that “the project is on time and on track”. American Manganese is focusing on the recovery of lithium, cobalt, manganese and nickel, all of which are experiencing rapidly rising demand as the transition to electric vehicles accelerates.
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.
AMY’s CMI partners include U.S. national labs:
Oak Ridge National Laboratory (ORNL). Located in Oak Ridge, Tennessee, ORNL is the largest multidisciplinary science and energy national laboratory in the DOE system.
Idaho National Lab (INL). Located in Idaho Falls, Idaho, the nation’s leading center for nuclear energy research and development performs work in energy systems, national security, science and environment.
Purdue University is also a project partner.
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 battery grade 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
Email: lreaugh@amymn.com
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.
