American Manganese Inc. Grants Stock Options

Rhea-AI Summary

American Manganese Inc. (AMYZF) announced the granting of 5,950,000 incentive stock options to directors, officers, and consultants, with an exercise price of $2.63 per share for a five-year term. Shares issued upon exercise will be subject to a four-month holding period. This move is subject to TSX Venture Exchange acceptance. The company, focused on recycling lithium-ion batteries and producing electrolytic manganese metal, aims to lead the cathode materials recycling industry through its patented RecycLiCo™ process.

Positive

• Granting of 5,950,000 stock options may align interests of management with shareholders.
• Focus on recycling lithium-ion batteries positions the company in a growing market.

Negative

• None.

SURREY, BC / ACCESSWIRE / February 17, 2021 / American Manganese Inc. ("American Manganese" or the "Company"), (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM), reports that the Company has granted 5,950,000 incentive stock options to certain of its directors, officers and consultants. The options are exercisable at a price of $2.63 per share for a five-year term. Any shares issued on the exercise of these stock options will be subject to a four- month holding period from the date of the grant. The stock option grants are subject to acceptance by the TSX Venture Exchange

About American Manganese Inc.

American Manganese Inc. is a critical metals company focused on recycling of lithium-ion batteries (RecycLiCo™) and the production of electrolytic manganese metal from low grade U.S. resources. The recycling process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCo™ patented process and become an industry leader in recycling cathode materials from lithium-ion battery manufacturing waste.

On behalf of Management
AMERICAN MANGANESE INC.

Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
Email: lreaugh@amymn.com

American Manganese Inc.
RecycLiCo^TM

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.

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https://www.accesswire.com/630166/American-Manganese-Inc-Grants-Stock-Options

FAQ

What is the significance of the stock options granted by American Manganese Inc. on February 17, 2021?

The granting of stock options aligns the interests of management with shareholders, potentially enhancing company performance.

What is the exercise price for the stock options granted by American Manganese Inc.?

The exercise price for the options is set at $2.63 per share.

How long is the term for the stock options granted to American Manganese Inc.'s directors and officers?

The stock options are exercisable for a five-year term.

What is American Manganese Inc.'s focus in the critical metals market?

American Manganese Inc. focuses on recycling lithium-ion batteries and producing electrolytic manganese metal.

What is the RecycLiCo™ process developed by American Manganese Inc.?

The RecycLiCo™ process is a patented method for recycling cathode materials from lithium-ion battery manufacturing waste.