Chinese Patent Office Issues Notice of Allowance for American Manganese's Lithium-ion Battery Recycling Technology

Rhea-AI Summary

American Manganese Inc. (AMYZF) has received a Notice of Allowance from the Chinese Patent Office for its RecycLiCo lithium-ion battery recycling technology. This patent will strengthen AMY's existing portfolio, joining patents in the U.S., South Korea, Japan, India, and pending applications in Canada, Australia, and the EU. Recognized in the world's largest electric vehicle market, this advancement is crucial for AMY's global expansion plans in the innovative battery recycling sector. The company is also progressing on its demonstration plant assembly.

Positive

• Chinese Patent Office issued a Notice of Allowance for AMY's RecycLiCo technology.
• Strengthening of AMY's patent portfolio with the inclusion of a Chinese patent.
• Recognition in China's significant electric vehicle market enhances AMY's global positioning.

Negative

• None.

China Becomes the 5th Country in AMY's Recycling Patent Portfolio

SURREY, BC / ACCESSWIRE / February 2, 2022 / American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company"), a pioneer in advanced lithium-ion battery cathode recycling-upcycling, is pleased to report that the Chinese Patent Office has issued the Company a Notice of Allowance with respect to AMY's National Phase Patent Application for its lithium-ion battery recycling technology, RecycLiCo. The Notice of Allowance is a formal notification indicating that the examination of the invention has been completed by the Chinese Patent Office and is allowed for issuance as a patent. The Company's patent attorney will complete documentation and submit fees for formal issuance of the Chinese patent.

"China is the largest market for electric vehicles, with an adoption rate that leads the global markets today. They have a mature lithium-ion battery industry with great innovators and some of the world's largest battery manufacturers. Therefore, we are proud to have our lithium-ion battery recycling process recognized as a novel invention by the Chinese Patent Office. The battery recycling industry needs advanced, practical, and efficient battery recycling technology, and securing patents for our novel process is a critical step for AMY to expand its global presence as innovative leaders," said Larry Reaugh, President and CEO of American Manganese. "I'd also like to take this opportunity to wish all those celebrating a happy, healthy, and prosperous Year of the Tiger - Happy Chinese New Year!"

When issued formally, the Chinese patent will join AMY's strong portfolio of issued patents in the United States (U.S. Patent No. 10246343 and U.S. Patent No. 10308523), South Korea (Patent No. 10-2246670), Japan (Patent No. 690606), and India (Patent No. 380826) as well as a Notice of Allowance from the Canadian Patent Office. The Company has also filed National Phase Patent Applications for Australia and the Europe Union.

Mr. Reaugh adds, "The team is currently on pace with the demonstration plant assembly, and we will continue to communicate further updates as they are received."

About American Manganese Inc.

American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 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.

On behalf of Management
AMERICAN MANGANESE INC.

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

SOURCE: American Manganese Inc.

View source version on accesswire.com:
https://www.accesswire.com/686867/Chinese-Patent-Office-Issues-Notice-of-Allowance-for-American-Manganeses-Lithium-ion-Battery-Recycling-Technology

FAQ

What recent patent approval did American Manganese Inc. receive?

American Manganese Inc. received a Notice of Allowance from the Chinese Patent Office for its RecycLiCo lithium-ion battery recycling technology.

How does the new Chinese patent impact AMYZF's business?

The new patent enhances AMYZF's global presence in the battery recycling market, particularly in China, the largest electric vehicle market.

What countries are included in AMY's patent portfolio?

AMY's patent portfolio includes patents in the U.S., South Korea, Japan, India, and pending applications in Canada, Australia, and the EU.

What is the significance of the RecycLiCo technology patent for AMYZF?

The RecycLiCo technology patent is crucial for AMYZF as it allows for advanced lithium-ion battery recycling, supporting sustainable practices in the industry.