AMERICAN MANGANESE ACHIEVES SIGNIFICANT MILESTONE WITH LITHIUM-ION BATTERY
U.S. PATENT OFFICE ISSUES NOTICE OF PATENT ALLOWANCE
December 14, 2018 - Surrey, BC
Larry W. Reaugh, President and Chief Executive Officer of American
Manganese Inc. (“American Manganese” or “AMY” or the “Company”), (TSX.V:
AMY | OTC US: AMYZF | FSE: 2AM), is pleased to announce that the Company
has received the “Notice of Allowance” from the United States Patent and
Trade Mark Office for the Company’s lithium-ion battery recycling
The “Notice of Allowance” is formal notification indicating that the
examination of the invention has been completed by the US Patent and
Trademark Office and allowed for issuance as a patent. The Company’s
attorney will be completing documentation and submitting fees for formal
issuance of the US Patent. AMY CEO Larry W. Reaugh said, “Allowance of
this patent is a significant milestone for the Company as the invention is
now secured as a key asset that can be exclusively capitalized.” The U.S.
Patent examiner deemed AMY’s technology is “novel” and “inventive” as it
enables the recycling of valuable cathode metals (namely cobalt, nickel,
manganese, aluminum and lithium) while converting these materials back to
fresh cathode materials for manufacture of new lithium-ion batteries.
“American Manganese recognized early on that significant growth in the
electric vehicle market will eventually lead to supply strains in materials
used to make lithium-ion batteries,” Mr. Reaugh noted, “and that effective
recycling of end of life lithium-ion batteries is a key aspect of achieving
a sustainable circular economy.”
According to Bloomberg New Energy Finance, forecasts show that electric
vehicle sales are “increasing from a record 1.1 million worldwide in 2017,
to 11 million in 2025 and then surging to 30 million in 2030” (see:
Electric Vehicle Outlook). In a Bloomberg Article dated December 4,
2018, “VW (Volkswagen) plans to launch fully or partly electric versions
across its lineup of more than 300 cars, vans, trucks and motorbikes by
2030” (see: VW says the next generation of combustion cars will be its
last ). In a Reuters article dated December 11, 2018, “Daimler will buy
battery cells worth more than 20 billion euros ($23 billion) by 2030 as it
readies mass production of hybrid and electric vehicles” (see: Daimler
to buy $23 billion of battery cells for electric car drive )
With extensive experience in mining processes and technologies, American
Manganese contracted Kemetco Research to embark on a research program to
develop technology with the goal of capitalizing on the potential supply
strains of the metals used for manufacturing lithium-ion batteries, while
creating an important solution to the circular economy.
The Notice of Allowance of the US Patent is a significant milestone in
achieving this goal. Key aspects described in the patent application are:
* Treatment of several cathode chemistries such as lithium cobalt oxide
(LCO), lithium nickel manganese cobalt oxide (NMC) and lithium nickel
cobalt aluminum oxide (NCA).
* Methods for achieving 100% recoveries of cobalt, nickel, manganese,
aluminum for all cathode chemistries tested.
* Method for achieving 100% lithium recovery by a novel locked cycle
AMY’s contractor, Kemetco Research, has been strategically focused on
developing AMY’s core technology into a highly efficient recycling process,
with plans to file for Continuing Patent Applications on work recently
completed that complements the current technology. With the receipt of the
Notice of Allowance, AMY is ahead of known competitors in terms of IP
protection and positioned to lead the industry in electric vehicle battery
About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology and
innovation company. Their Contract Sciences operation provides laboratory
analysis and testing, field work, bench scale studies, pilot plant
investigations, consulting services, applied research and development for
both industry and government. Their clients range from start-up companies
developing new technologies through to large multinational corporations
with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical
Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco
carries out research in many different fields, it can offer a broader range
of backgrounds and expertise than most laboratories.
About American Manganese Inc.
American Manganese Inc. is a critical metal company with a patent-pending
process for the recovery of metals from lithium-ion batteries such as
cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination
of reagents and unit operations, AMY can provide 100%
extraction of cathode metals at battery grade purity. American Manganese
Inc. aims to capitalize on its patent-pending technology and proprietary
know-how to become the industry leader in recycling spent electric vehicle
lithium-ion batteries (Please see the Company's July 25, 2018 Business
Plan for further details).
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
 View the company’s Video
Check out our financing on the Stockhouse DealRoom
View Larry’s latest Interview with Steve Darling – ProActive Investors
American Manganese gets patent allowance, signs MOU
with Battery Safety Solutions
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX 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.