American Manganese Inc. is looking to adapt the AMI Patented Process to
recycle spent lithium ion battery materials. With lithium ion battery
recycling in its infancy, American Manganese Inc. aims to capitalize on
its patented technology and proprietary know-how to become an industry
leader in the recycling of lithium ion batteries
SURRY, BC / ACCESSWIRE / August 19, 2015 / Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. ("American Manganese" or "AMI" or the "Company"), (TSX.V: AMY; Pink Sheets: AMYZF;
Frankfurt: 2AM), is pleased to announce the Company is looking to
adapt the AMI Patented Process to recycle spent lithium ion battery
materials. With lithium ion battery recycling in its infancy, American
Manganese Inc. aims to capitalize on its patented technology and
proprietary know-how to become an industry leader in the recycling of
lithium ion batteries.
With the rapid development and commercialization of electric
vehicles, the lithium ion battery market is expected to grow
significantly. The cathode materials in these batteries are used to
store and discharge energy. These materials contain lithium imbedded
in a base metal oxide matrix and represents the largest single
materials cost in the manufacture of lithium ion cells (ranging from 20
to 30% of the materials cost of a cell).
Mr. Norman Chow, President of Kemetco
Research Inc., says: "There is currently no known commercial
technology for the large scale recycling of cathode materials of
multiple chemistries. The spent cathode materials represent an ideal
resource material to be processed with American Manganese's proprietary hydrometallurgical process."
Mr. Larry Reaugh commented that: "Successful application of the AMI Patented Process could result in the following benefits:
- Lower cost of raw materials, potentially generating higher profit margins for battery manufacturers.
- Hydrometallurgical processing
eliminates product crushing and grinding potentially lowering
processing costs, while generating products with less extraneous metal
contamination thereby lowering the chances of battery explosions or
fires due to thermal run-away.
- Significant environmental benefits including, but not limited to:
- Substantial reduction of landfill waste,
- Reduction of energy consumption and emissions of CO2 and other pollutants, and
- Reduced consumption of critical and strategic metals.
- Hydrometallurgical process is easily scalable.
- Potential to recycle all lithium and base metal matrix compounds.
- Applicable to multiple lithium ion battery chemistries including
Lithium Cobalt (LiCoO2), Lithium Nickel Manganese Cobalt
(LiNixMnyCozO2), and Lithium
Manganese (LiMn2O4).
- Ability to tailor treatment process to precipitate cathode
materials with tailored structures and chemistries for improved battery
performance."
The Company intends to partner with Kemetco
Research Inc. to demonstrate on a bench scale that the conceptual
process can successfully treat spent lithium ion battery cathode
materials, producing rejuvenated materials suitable for re-use in new
lithium ion batteries. The proposed testing program would be carried
out at Kemetco Research Inc.'s laboratory located in Richmond, BC.
Funding
American Manganese Inc. is actively exploring many potential sources
funds for this work, including: government research grants available in
Canada or the United States; a strategic alliance with an established
company in the lithium ion battery, electric vehicle, or materials
recycling businesses; a joint venture with a funding group; and sale of a
royalty on future use of the AMI Patented Process.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal
company focused on capitalizing on its patented intellectual property
through low cost production or recovery of electrolytic manganese
products throughout the world.
About Kemetco Research Inc.
Kemetco Research Inc. is a
privately owned contract research and development company specializing
in extractive metallurgy, chemical processing and specialty chemical
analysis. It was formed after the acquisition of the industrial process
division of B.C. Research, which had been in operation for over 60
years as a research and development contractor in British Columbia.
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
Telephone: 778 574 4444
Email: lreaugh@amymn.com
www.americanmanganeseinc.com
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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.