American Manganese Announces Resignation of a Director

Rhea-AI Summary

American Manganese Inc. (AMYZF) announces the resignation of Kurt Lageschulte as a director, effective immediately, while he joins the Advisory Board. Larry W. Reaugh, President and CEO, expressed gratitude for Lageschulte's five years of service and looks forward to his continued involvement. The company, based in Surrey, BC, focuses on recycling lithium-ion battery waste into valuable materials through its RecycLiCo™ process. This process boasts up to 99% extraction efficiency for lithium, cobalt, nickel, and manganese, enhancing the re-manufacturing of new batteries.

Positive

• Kurt Lageschulte's transition to the Advisory Board may provide ongoing strategic insight.
• The RecycLiCo™ process presents a competitive advantage in the lithium-ion battery recycling market.

Negative

• The resignation from the Board raises concerns about potential continuity in leadership.

SURREY, BC / ACCESSWIRE / September 27, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) announces that Kurt Lageschulte has resigned as a director of the Company, effective immediately, and Mr. Lageschulte has accepted an appointment to the Company's Advisory Board, also effective immediately.

Larry W. Reaugh, President and CEO, says: "Thank you, Kurt, for your five years of service to the Board. While that term may be finished, we look forward to your continued involvement with the Advisory Committee."

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™.

On behalf of Management

AMERICAN MANGANESE INC.

Larry W. Reaugh, President and Chief Executive Officer
Telephone: (778) 574-4444
Email: lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.com

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.

SOURCE: American Manganese Inc.

View source version on accesswire.com:
https://www.accesswire.com/665781/American-Manganese-Announces-Resignation-of-a-Director

FAQ

What is the reason for Kurt Lageschulte's resignation from the board at American Manganese Inc.?

Kurt Lageschulte has resigned as a director to join the Advisory Board, maintaining his involvement with the company.

How does Kurt Lageschulte's change in role impact American Manganese Inc.?

His move to the Advisory Board could provide valuable strategic guidance, although it raises questions about leadership continuity.

What is the focus of American Manganese Inc. under the RecycLiCo™ process?

The company focuses on upcycling lithium-ion battery waste into high-value battery cathode materials with a high extraction efficiency.

What are the expected benefits of the RecycLiCo™ process for American Manganese Inc.?

The RecycLiCo™ process allows for up to 99% extraction of valuable metals, enhancing the re-manufacturing of new lithium-ion batteries.