Boeing 787 Dreamliner Lithium Ion Batteries Based on Cobalt Not Manganese
January 22, 2013 - Vancouver, British Columbia
Larry W. Reaugh, Chief Executive Officer of American Manganese Inc. (“American Manganese” or the “Company”), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), reports that the Company has received numerous shareholder queries and calls regarding the type of Lithiated Ion battery utilized by the Boeing Dreamliner 787 which resulted in battery fires and grounding by the Federal Aviation Administration.
Green Car Report states lithium ion batteries are a family of products having very different performance characteristics resulting from incorporating specific alloying metals into the battery chemistry. Lithium plus manganese or/and nickel (or other metals) typically carry less energy per volume than lithium plus cobalt, but are widely viewed as less susceptible to overheating. The battery chemistry utilized by the Dreamliner was Lithium Cobalt Dioxide (LiCoO2); similar to that used in laptop computers and cell phones. American Manganese Inc.’s (“AMY”) product would be Lithium Manganese Dioxide (LiMn2O4), or spinel, similar to rechargeable batteries used in the Chevy Volt. Both of these battery chemistries come under the generic heading “lithium Ion Batteries.”
AMY’s focus has been to produce high purity Electrolytic Manganese Dioxide (“EMD”) or Chemical Manganese Dioxide (“CMD”) for the Rechargeable Lithium Manganese Battery Industry utilizing their patent pending process. Bloomberg Business Week reports short circuits caused by rogue metal particals in the battery material that may cause shorts once in a very long time.
Norm Chow, P.Eng. - President and Chief Executive Officer of Kemetco Research Inc. says: “while researchers have made significant advances in materials used to improve performance of the lithium ion batteries, often overlooked are the importance of mining processes to produce raw materials which are later refined to battery grade materials. A critical issue is that conventional mining processes introduce metallic impurities in raw materials. These metallic impurities are known to cause internal short circuits resulting in thermal run-away, which by-passes protection circuits implemented for safety. This unfortunately leads to explosions and fires in some cases. The tolerances for these impurities are so low that there are no known methods to reliably test their presence.
In 2012, American Manganese was the only mining company that presented at the Battery 2012 conference in Denver, Colorado and is currently one of the leaders developing mining technology for improved raw materials for lithium ion batteries. American Manganese has made significant progress in advancing their hydrometallurgical process to make these critical raw materials by avoiding steps that are known to introduce metallic impurities. Prototype batteries have been produced and R&D will be advancing to the next stage.”
Currently AMY is seeking strategic partnerships and research and development grants to further efforts on producing cleaner high purity products to supply the Lithium Ion Battery market.
About Kemetco Research Inc.
Kemetco Research is a privately owned contract Research and Development Company specializing in extractive metallurgy, chemical processing and specialty chemical analysis. Kemetco was formed after the acquisition of the Industrial Process Division of BC Research. BC Research had been in operation for over 60 years as an R&D contractor in British Columbia, Canada.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming a producer of high purity EMD and CMD for the battery industry.
This release has been reviewed by John W. Fisher, PEng, a qualified person pursuant to National Instrument 43-101.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Information Contacts:
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639
Connie Fischer
Investor Relations
604-531-9639 ext. 110
Email: connieir@amymn.com or info@amymn.com
www.americanmanganeseinc.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.americanmanganeseinc.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
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American Manganese Inc.
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EXPLORATION STAGE |
CODE : AMY.V |
ISIN : CA02735A1057 |
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American Manganese is a exploration company based in Canada. Its main exploration properties are BLACK PRINCE DEPOSIT, OLSON/JUNCTION CREEK DEPOSIT, LONNIE & VIRGIL DEPOSIT and ARTILLERY PEAK DEPOSIT in Canada. American Manganese is listed in Canada. Its market capitalisation is CA$ 21.1 millions as of today (US$ 15.5 millions, € 14.3 millions). Its stock quote reached its lowest recent point on April 01, 2016 at CA$ 0.01, and its highest recent level on February 19, 2021 at CA$ 2.86. American Manganese has 140 880 000 shares outstanding. |