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    AMY   CA02735A1057

AMERICAN MANGANESE INC.

(AMY)
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American Manganese : Japanese Patent Office Issues Patent for American Manganese's Closed-Loop Lithium-ion Battery Upcycling Process

09/01/2021 | 11:00am EDT

SURREY - American Manganese Inc. ('AMY' or the 'Company') (TSXV: AMY) (OTCQB: AMYZF) (FSE: 2AM) is pleased to announce that the Japanese Patent Office has issued Patent No. 6906060, for the company's closed-loop lithium-ion battery upcycling process, RecycLiCo.

The Japanese Patent joins already issued patents in the United States (U.S. Patent No. 10246343 and U.S. Patent No. 10308523) and South Korea (Patent No. 10-2246670). The Company has also filed National Phase Patent Applications for China, Europe, Australia, India, and Canada.

The patent provides coverage for AMY's novel closed-loop method for achieving up to 100% extraction of cobalt, nickel, manganese, aluminum, and lithium from the treatment of several cathode chemistries such as lithium-cobalt oxide (LCO), lithium-nickel-manganese-cobalt oxide (NMC), and lithium-nickel-cobalt-aluminum oxide (NCA). Most of the electric vehicle market uses NMC and NCA cathode chemistries, while LCO cathodes are used in smaller portable electronics.

Compared to traditional hydrometallurgical recycling processes, the Company's patented closed-loop process offers advantages such as faster reaction rates, lower consumption of acids, improved water balance, and higher leaching efficiency.

'As we move towards our goal of commercialization, we are reminded by the foundation of patents that supported our growth in battery recycling and we are honoured to be issued another patent by a country that is one of the world leaders in battery innovation,' said Larry Reaugh, President and CEO of American Manganese, 'Innovation is at the core of our company and as a pioneer in battery recycling we continue to monitor new lithium-ion battery technologies and opportunities.'

About American Manganese Inc.

American Manganese Inc. is a critical metals company focused on the upcycling of lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.

American Manganese's original patented manganese process is the cornerstone technology in the development of the Company's lithium-ion battery cathode recycling process, RecycLiCo.

Contact:

Larry W. Reaugh

Tel: (778) 574-4444

Email: lreaugh@amymn.com

Web: www.americanmanganeseinc.com

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 - - -
Net income 2020 0,38 M 0,30 M 0,30 M
Net cash 2020 0,26 M 0,21 M 0,21 M
P/E ratio 2020 93,3x
Yield 2020 -
Capitalization 197 M 159 M 159 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 94,5%
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Managers and Directors
Larry W. Reaugh President, Chief Executive Officer & Director
Shaheem Ali Chief Financial Officer
Zarko Meseldzija Chief Technology Officer & Director
Andris Kikauka Independent Director
Edward Franklin Skoda Independent Director
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