logo-loader
viewAmerican Manganese Inc.

American Manganese receives material from disassembled EV batteries for treatment with its recycling tech

The move is part of a project backed by the Critical Materials Institute (CMI), an energy innovation hub, and supported by the US government

Electric vehicle graphic
American Manganese has a patent-approved process for recovering metals from lithium-ion batteries

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) revealed it has received cathode and anode materials from disassembled electric vehicle (EV) batteries, which will now be treated with its ground-breaking recycling process.

It is part of a US government project, which was announced in March this year, aimed at advancing the recovery of lithium-ion battery materials from EVs and other products.

READ: American Manganese Inc hails 99.8% purity of cathode material produced at pilot plant

The project is backed by the Critical Materials Institute (CMI), an energy innovation hub, and supported by the US Department of Energy, office of energy efficiency and renewable energy, advanced manufacturing office.

“We’re pleased with the progression of project milestones and are honored to be working with world-renowned national labs and leading US universities,” said Larry Reaugh,  the CEO of American Manganese on Tuesday.

The company boss added that the project was "on time and on track”.

The findings after the material is treated with American Manganese’s RecycLiCoTM patented process will be reported to all members of the project.

Other partners in the project include the Oak Ridge National Laboratory and the Idaho National Lab (INL).

Patented-approved process

British Columbia-based American Manganese has a patent-approved process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

These materials are experiencing rapidly rising demand as the transition to electric vehicles accelerates.

It's a busy spell for American Manganese. Last week it reported positive progress from testing, telling investors that a high purity, 99.88%, NMC (nickel manganese cobalt) cathode material had been produced using the technology at its pilot plant.

"Cathode materials require extremely high purity levels and must be almost entirely free of unwanted metals in order to conform to industry specifications, which our initial results confirmed today," Reaugh had said.

"We continue to develop and be transparent with our results in order to set the benchmark on recovery and purity potential in the lithium-ion battery recycling field," he added.

Shares in Toronto stood at $0.15.

Contact the author at [email protected]

Follow him on Twitter@Gile74

---Updates for share price-- 

Quick facts: American Manganese Inc.

Price: 0.21 CAD

TSX-V:AMY
Market: TSX-V
Market Cap: $37.15 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of American Manganese Inc. named herein, including the promotion by the Company of American Manganese Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

American Manganese secures U.S. Patent for Lithium-Ion Battery Recycling...

American Manganese (CVE:AMY-OTC:AMYZF) President and CEO Larry Reaugh sat down with Steve Darling from Proactive Investors Vancouver to share news the company has been granted a patent in the United States to protect their technology for lithium-ion battery cathode material...

on 4/4/19

2 min read