American Manganese Inc. Receives DTC Eligibility

Rhea-AI Summary

American Manganese Inc. (TSXV:AMY, OTCQB:AMYZF) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). This eligibility is expected to lower costs and speed up the settlement process, enabling broader access for investors and brokers. CEO Larry Reaugh emphasized that this milestone enhances AMY's visibility and accessibility, potentially attracting more investors. American Manganese focuses on lithium-ion battery recycling with their RecycLiCo™ patented process, offering environmentally-friendly solutions.

Positive

• DTC eligibility enhances liquidity and accessibility for AMYZF shares.
• Potential to attract a larger investor base due to increased visibility.
• RecycLiCo™ process offers sustainable lithium-ion battery recycling solutions.

Negative

• None.

SURREY, BC / ACCESSWIRE / July 23, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM), a pioneer in advanced lithium-ion battery cathode recycling, is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC"). DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States. American Manganese currently trades on the OTCQB under the ticker symbol "AMYZF."

DTC eligibility reduces costs and accelerates the settlement process for investors and brokers allowing the Company's common shares to be traded over a much wider selection of brokerage firms.

"DTC eligibility is an important step in the maturity of AMY and our ongoing efforts to present the Company to a broader audience of potential investors," said Larry Reaugh CEO and President of American Manganese. "With greater accessibility and visibility of AMY's common shares, existing and new shareholders are provided with further opportunities to invest in our planned growth."

About American Manganese Inc.
American Manganese Inc. is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ patented process. The RecycLiCo™ patented process was developed to offer a closed-loop and environmentally friendly solution for the recycling of cathode materials used in lithium-ion batteries. The recycling process provides high extraction and purity of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum. The RecycLiCo™ process was designed with the goal to produce recycled battery products that could be seamlessly and directly integrated into the re-manufacturing of battery cathodes using minimal processing steps.

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/656748/American-Manganese-Inc-Receives-DTC-Eligibility

FAQ

What is the significance of American Manganese Inc.'s DTC eligibility on July 23, 2021?

The DTC eligibility allows American Manganese Inc.'s shares to be electronically cleared and settled, reducing costs and accelerating the transaction process for investors.

How does DTC eligibility impact the trading of AMYZF shares?

DTC eligibility enables AMYZF shares to be traded through a wider selection of brokerage firms, increasing liquidity and accessibility for investors.

What is American Manganese's focus in the lithium-ion battery market?

American Manganese is focused on recycling lithium-ion batteries through its patented RecycLiCo™ process, aiming for high extraction and purity of cathode metals.

Who is the CEO of American Manganese Inc.?

Larry Reaugh is the President and CEO of American Manganese Inc.