RECYCLICO BATTERY MATLS - AMYZF STOCK NEWS

American Manganese Inc. has rescheduled its annual general and special meeting of shareholders to July 8, 2022, at 11:00 a.m. Details will be provided in a new Notice of Meeting and management information circular sent to shareholders and filed on SEDAR. The company focuses on recycling lithium-ion battery waste through its RecycLiCo™ process, achieving over 99% extraction of lithium, cobalt, nickel, and manganese, producing valuable materials for new battery manufacturing.

American Manganese Inc. has received preliminary life cycle assessment (LCA) results for its lithium-ion battery recycling process, indicating a lower environmental impact compared to traditional primary material production and hydrometallurgical recycling. Conducted by Minviro Ltd., the LCA assessed factors such as global warming potential and water scarcity. Final results will await an independent review expected in four weeks. The process boasts over 99% extraction efficiency for lithium, cobalt, nickel, and manganese, positioning American Manganese favorably in the sustainable battery materials market.

American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF) has been selected as one of 15 finalists out of over 120 applicants to present its RecycLiCo lithium-ion battery recycling technology at Evonik Industries AG's Battery Solutions Day at MIT on May 4-5, 2022. The event aims to explore collaboration opportunities in battery solutions. President and CEO Larry Reaugh expressed pride in this achievement, highlighting high interest from Evonik's teams. This recognition underscores American Manganese's commitment to innovation in battery recycling.

American Manganese Inc. (AMY) reacted positively to President Biden's invocation of the Defense Production Act to expedite the development of essential battery materials, including lithium and cobalt. This federal action enables various funding tools aimed at securing a sustainable supply of critical materials needed for clean energy transitions. The company highlighted its RecycLiCo process, which efficiently recycles battery waste, recovering up to 99% of lithium, cobalt, nickel, and manganese, aligning with U.S. goals for domestic production.

American Manganese has received drill permits for the Rocher Deboule project from the Ministry of Energy, Mines and Low Carbon Innovation. Recent geophysical surveys identified significant rare earth elements in the Vent Zone, indicating potential for Iron-Oxide Copper-Gold (IOCG) occurrences. Rock chip samples show semi-massive chalcopyrite and significant rare earth values across two main vein types. A drill program is planned for 2022, which may enhance the resource estimates for the company.

American Manganese Inc. (AMYZF) announced that its demonstration plant equipment is ready for commissioning, marking a significant milestone in its recycling process for lithium-ion batteries. The plant will showcase the RecycLiCo process under continuous operating conditions, facilitating the validation of operational efficiencies. The demonstration will initially focus on processing NMC cathode scrap from electric vehicles, targeting a processing capacity of 500 kg/day. AMY aims to produce high-purity materials like nickel-manganese-cobalt hydroxide and lithium carbonate, responding to the growing demand for sustainable battery metals.

American Manganese Inc. has signed a Memorandum of Understanding (MOU) with Zenith Chemical Corporation to expand into Asia's lithium-ion battery recycling market. Zenith, a producer of high-purity nickel sulfate, will assist in producing high-nickel cathode precursors at American Manganese's pilot plant. The collaboration aims to validate material specifications and convert precursors into cathode active materials for testing in lithium-ion batteries. This partnership will leverage Zenith's supply network and American Manganese's patented recycling technology.

American Manganese Inc. provides an update on its demonstration plant project for lithium-ion battery recycling in Greater Vancouver. The plant is nearing operational readiness, with equipment assembly progressing well. Approximately 3,500kg of battery cathode scrap has been received as feedstock, aiming to produce recycled lithium, nickel, manganese, and cobalt products. However, the U.S. Defense Logistics Agency notified the company that they will not pursue the Phase 2 Technical Proposal related to the Wenden Stockpile, despite previous successful project milestones.