Dear Shareholders and Friends,In a recent interview with The Gold Report, Chris Berry, Founder of House Mountain Partners, commented on American Manganese Inc. From Quebec, Canada to Sonora, Mexico, Chris Berry constantly uncovers new opportunities in the Americas. In this exclusive interview, Chris outlines the geopolitical changes that are driving renewed interest in areas considered too risky or not profitable enough in the past.
With a lifelong interest in geopolitics and the financial issues that emerge from these relationships, Chris Berry founded House Mountain Partners in 2010. Chris spent 13 years working various sales and brokerage roles on Wall Street before founding House Mountain Partners. He holds an MBA in finance with an international focus from Fordham University and a BA in international studies from the Virginia Military Institute.
We thought you'd be interested in reading Chris Berry's comments on American Manganese Inc. Scroll Down to see these comments.
Regards,Larry W. ReaughPresident, Chief Executive Officer & Director
Chris Berry's Comments:"I'm aware of only three manganese deposits in North America. . .American Manganese Inc. has 100% ownership of the Artillery Peak deposit in Mohave County, Arizona. This deposit produced manganese from 1928�1955 and contributed to a national stockpile for the war effort. The company has an NI 43-101 resource estimate on the deposit of roughly 14 Blb. manganese in the M&I and inferred categories. . .CEO Larry Reaugh has designs on getting the deposit back into production by 2014 and the company's PEA shows a capital expenditure of $90M, which I think is very reasonable given the size and history of the deposit. AMY plans to produce EMM at a cost of $0.44/lb.; the current world price is $1.87/lb. These are healthy margins and, should the deposit expand from additional drilling, the project economics have the potential to become even more robust. Also, AMY is in the process of patenting a new hydrometallurgical technique for producing electrolytic manganese metal and has done so in the lab. Scaling this up to commercial production levels will be a key catalyst for the company." View Article
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American Manganese is a exploration company based in Canada.
Its main exploration properties are BLACK PRINCE DEPOSIT, OLSON/JUNCTION CREEK DEPOSIT, LONNIE & VIRGIL DEPOSIT and ARTILLERY PEAK DEPOSIT in Canada.
Its stock quote reached its lowest recent point on April 01, 2016 at CA$ 0.01, and its highest recent level on February 19, 2021 at CA$ 2.86.
American Manganese has 140 880 000 shares outstanding.