RecycLiCo Batter - AMYZF STOCK NEWS

American Manganese announces the closing of a second tranche of a non-brokered private placement, raising $572,333.60 through 2,861,668 units. Each unit consists of one common share and one common share purchase warrant, exercisable at $0.30 for two years. Total funds raised in the current private placement now amount to $1,329,184.05, with a gross target of $2,000,000. Finder's fees of $5,600 apply. The company, focused on lithium-ion battery recycling, aims to commercialize its patented RecycLiCo™ process for extracting cathode metals efficiently.

American Manganese Inc. has announced the recognition of the Wenden Manganese Stockpile in Arizona, supported by a recent grant from the United States Defense Logistics Agency. The grant is aimed at demonstrating the company’s ability to process Electrolytic Manganese Metal from the low-grade stockpile. Congressman Paul Gosar has emphasized the importance of establishing a processing facility at the site, which could end U.S. import-dependency on manganese and enhance national security by producing a reliable domestic source.

American Manganese Inc. (AMYZF) is extending the exercise period of 1,378,666 share purchase warrants at $0.25 each. Originally issued in a 2017 private placement, these warrants' expiration dates will now be extended by another year: to November 1, 2021, for those from the first tranche and to December 1, 2021, for the second tranche. The extension is pending acceptance by the TSX Venture Exchange. All other terms of the warrants remain unchanged, and the company emphasizes the uncertainty in forward-looking statements.

American Manganese Inc. (AMYZF) will participate in the Canadian Secondary Battery R&D Mission to South Korea from October 20-24, 2020.

This initiative, led by Global Affairs Canada, aims to connect Canadian firms with Korean organizations for potential R&D collaborations. Highlights include tailored business meetings and a virtual presentation at the Canadian Secondary Battery Networking Forum on October 21.

South Korea is a leader in battery technology, with significant investments from firms like LG Chem and Samsung SDI. The mission seeks to enhance industrial partnerships and future commercialization opportunities.

American Manganese Inc. (OTC PINK:AMYZF) reports achieving a 92% extraction rate of lithium, nickel, and cobalt from NCA cathode scrap via its pilot plant. This was confirmed through continuous operation of the RecycLiCo™ leach stage, with a peak extraction of 99.5% noted during batch operations. The company has also optimized its pre-leach process, enhancing capacity by 356% to 292kg/day. Future stages include producing recycled products that meet specifications for battery manufacturers.

American Manganese Inc. has successfully closed the first tranche of a non-brokered private placement, generating $756,850.45 from the issuance of 3,784,252 units. Each unit comprises one common share and a purchase warrant, exercisable at $0.30 for two years. Insiders acquired 60,000 units, and finder’s fees totaled $35,817.05. The private placement aims to raise up to $2,000,000. American Manganese focuses on recycling lithium-ion batteries with its RecycLiCo™ Patented Process, aiming to lead in extracting critical metals with minimal processing.

American Manganese Inc. (AMYZF) has highlighted the US Government's recent Executive Order aimed at fortifying the domestic mining industry. This action, established by President Trump, seeks to reduce American reliance on foreign sources for critical minerals, particularly from China. The Department of the Interior will develop programs to fund mineral processing, streamlining permitting processes to boost job opportunities and enhance national security. American Manganese, with significant manganese resources at Artillery Peak, is positioned to contribute through its patented recycling technologies for lithium-ion batteries.

American Manganese Inc. (OTC PINK:AMYZF) is participating in National Drive Electric Week on October 2, 2020. The event promotes awareness of electric vehicles and includes discussions on battery recycling. Zarko Meseldzija, CTO of American Manganese, will present the RecycLiCo™ patented process, which focuses on recycling lithium-ion batteries effectively by extracting metals like lithium, cobalt, and nickel. This event marks the 10th anniversary of National Drive Electric Week, which has now incorporated online events to broaden participation.

American Manganese Inc. has amended the price of its non-brokered private placement from $0.24 to $0.20 per unit, with each unit comprising one common share and a warrant exercisable at $0.30 for two years. Proceeds from this placement are aimed at completing the pilot plant, spinning out gold/copper assets, and supporting working capital. All issued securities will have a four-month resale restriction, pending regulatory approval.