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AMY Recylico Battery Materials Inc

0.125
0.005 (4.17%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Recylico Battery Materials Inc TSXV:AMY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 4.17% 0.125 0.115 0.125 0.125 0.12 0.12 6,500 18:11:16

American Manganese EMD/EMM Strategy Review

25/09/2012 12:00pm

Marketwired Canada


Larry W. Reaugh, President and Chief Executive Officer of American Manganese
Inc. (TSX VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM) ("American Manganese" or
the "Company") is pleased to report that management has been reviewing the
option of making Electrolytic Manganese Dioxide (EMD) separately or in
conjunction with Electrolytic Manganese Metal (EMM).


The Company engaged Kemetco Research Inc. in April, 2011 to initiate studies on
the EMD and Lithium Manganese Oxide for the battery industries. Kemetco has
produced both EMD and CMD product and are currently preparing to produce button
batteries for testing for the Company and interested parties in the battery
industry.


Electrolytic Manganese Dioxide

The recent successful Pilot Plant work generated high purity manganese carbonate
which may be used to produce either EMM or EMD.


Electricity consumption for EMD is 20% of the power required for the production
of EMM which is a significant reduction in operating cost.


EMD product contains on a per pound basis 60% of the manganese contained in a
pound of EMM. Based on two separate operations on a 50,000 tonne per year basis
the manganese required to produce 50,000 tonnes of EMD would be 30,000 tonnes of
metal as compared to EMM at 50,000 tonnes of metal per year. The effect of EMD
production versus EMM production is a significant reduction in the size of the
footprint in both plant size and pit production.


The western current average price for EMD is approximately $1.11/lb.

Sales forecasts for electric vehicle (EV) and hybrid-electric vehicle (HEV) in
the short term remain strong. The medium to long term forecasts indicate higher
product adoption rates leading to a growing EV/HEV market share. 


Mr. Reaugh says, "The patent pending manganese extraction process we develop is
amenable to the production of any combination of electrolytic products: EMD, EMM
or both concurrently. Furthermore, depending on the product mix it may possible
to decrease the size of the processing facilities thereby reducing the capital
cost of the project. Our challenge is to find the product mix that generates the
best return for our shareholders. If the EMM market remains sluggish, the
production of EMD could present a stronger market opportunity both now and in
the future."


About American Manganese Inc.

American Manganese Inc. is a diversified specialty and critical metal Company
focusing on potentially becoming a producer of electrolytic manganese metal,
electrolytic manganese dioxide and chemical manganese dioxide from its Arizona
Manganese Project.


This release has been reviewed by John W. Fisher, P. Eng., a qualified person
pursuant to National Instrument 43-101.


On behalf of Management

AMERICAN MANGANESE INC. 

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX-Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission.


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