RecycLiCo Batter - AMYZF STOCK NEWS

American Manganese is advancing its strategic development of four critical minerals: lithium, cobalt, manganese, and aluminum, in response to U.S. government initiatives. Following President Biden's Executive Order targeting key tech supply chains, the company is leveraging its patented RecycLiCo technology for EV battery recycling and is collaborating with several U.S. government departments for critical minerals sourcing. The company has achieved a notable 99.7% extraction rate of lithium-ion battery materials and has received support from both Canadian and U.S. federal agencies.

American Manganese Inc. (TSXV:AMY, OTC PINK:AMYZF) announced the shipment of its initial recycled NCA product for independent analytical testing. The company’s patented RecycLiCo™ process aims to produce high-quality cathode precursor material, essential for lithium-ion battery manufacturing. Advanced testing methods such as X-Ray Diffraction and Scanning Electron Microscopy will assess the product's structure, purity, and particle properties. The development is supported by the National Research Council of Canada, indicating a significant step towards commercializing battery recycling.

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.

American Manganese has been awarded the Solar Impulse Efficient Solution Label for its innovative RecycLiCo lithium-ion battery recycling process. This recognition comes after an assessment by independent experts, highlighting the process's feasibility, environmental impact, and profitability. The RecycLiCo technology aims to provide a closed-loop recycling solution, ensuring high extraction and purity of critical cathode materials. As part of the 1000 Solutions Challenge, this label seeks to promote eco-friendly and viable solutions to decision-makers.

American Manganese Inc. (AMY) announced successful manganese extraction results from its Wenden Stockpile project, achieving up to 99% extraction efficiency through patented processes. This project, funded by the U.S. Defense Logistics Agency, aims to demonstrate a proof of concept for producing electrolytic manganese metal (EMM) from historical manganese ore. The company plans further bench-scale tests to optimize process flow and reduce costs for potential commercial operations.

American Manganese Inc. (TSXV:AMY, OTC PINK:AMYZF) has successfully achieved a remarkable 99.7% extraction of lithium, nickel, manganese, and cobalt from lithium-ion battery materials using its RecycLiCo™ pilot plant. The continuous operation and previous optimizations contributed to these results. The company plans to utilize the pregnant leach solution (PLS) in a technical feasibility project aimed at producing high-value cathode precursor products. This initiative is backed by the National Research Council of Canada and aids in establishing a circular supply chain for battery manufacturing.

American Manganese Inc. (TSXV:AMY, OTC PINK:AMYZF) has launched a project to advance its lithium-ion cathode recycling technology, RecycLiCo, with support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The project, running from November 4, 2020, to March 31, 2021, aims to conduct a technical feasibility study on synthesizing cathode material precursors from recycled battery scrap. With a new specialized reactor, the company aims to produce high-value cathode products while enhancing its intellectual property and competitive edge in the recycling sector.

American Manganese Inc. (AMYZF) completed a third and final tranche of its non-brokered private placement, raising $213,770. This tranche consists of 1,068,850 units, each comprising one share and one warrant exercisable at $0.30 for two years. In total, over three tranches, the company raised $1,542,954 by issuing 7,714,770 units. Proceeds will fund the completion of the ReCycliCo^TM pilot plant, proposed spin-out of its gold/copper and rare earth properties, and general working capital. Closure is subject to TSX Venture Exchange acceptance.