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AMY Recylico Battery Materials Inc

0.085
0.00 (0.00%)
20 Dec 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
  0.00 0.00% 0.085 0.085 0.09 0.09 0.085 0.09 66,858 19:51:55

American Manganese Inc.: Boeing 787 Dreamliner Lithium Ion Batteries Based on Cobalt Not Manganese

22/01/2013 3:54pm

Marketwired Canada


Larry W. Reaugh, Chief Executive Officer of American Manganese Inc. ("American
Manganese" or the "Company"), (TSX
VENTURE:AMY)(PINKSHEETS: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

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639


American Manganese Inc.
Connie Fischer
Investor Relations
604-531-9639 ext. 110
connieir@amymn.com or info@amymn.com
www.americanmanganeseinc.com

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