American Manganese Press Release 3rd February 2017
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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 management is currently reviewing opportunities within its present portfolio of intellectual and mining projects as follows:
Lithium Ion Electric Vehicle Battery Recycling
American Manganese is developing a new technology for the recycling of spent cathode materials used in lithium ion batteries. The conceptual process of recycling these materials was based on adaptations of American Manganese’s proprietary know-how and patented hydrometallurgical process for the recovery of manganese from low grade resources. American Manganese has conducted scoping studies as a proof of concept to show that a popular cathode material, lithium cobalt oxide, could be leached using a reducing acid and that the leached cobalt and lithium could be precipitated for potential re-use in remaking fresh cathode materials. The scoping study showed leach recoveries of more than 99% for lithium and cobalt, and 99% of the cobalt and 60% of the lithium could be precipitated from the leach solutions in a single pass. American Manganese has filed a US Provisional Patent Application of the conceptual process under development.
Kemetco Research Inc. (“Kemetco”) has commenced a phased technology development program with the goal of developing a complete flowsheet to maximize recovery of valuable cathode components while minimizing reagent consumption and addressing water balance in an environmentally friendly and economic manner. Research will be reported on as the company receives updates.
Lithium metal is the most expensive by weight of all the cathode materials currently fetching $19.90 per lb. or $42,090/tonne. Cobalt is the next most expensive at $16.90/lb or $37,242/tonne (see press release dated January 19, 2017). Cobalt has increased 70% in value over the past year with demand projected to exceed supply later this year.
For the full press release please click on the following link:
American Manganese will be presenting on their new recycling project at the CI Cobalt Conference in Marrakech on the 17/18 May 2017.