U.S. Government Looks to Wenden, Arizona National Defense Stockpile to Help End Reliance on China for Critical Minerals

Rhea-AI Summary

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.

Positive

• Recognition of the strategic importance of the Wenden Stockpile enhances potential for domestic manganese production.
• Grant from the United States Defense Logistics Agency enables demonstration of processing capabilities.
• Establishment of a processing facility may reduce U.S. dependence on manganese imports.

Negative

• None.

American Manganese to Demonstrate Solution for Wenden Stockpile

SURREY, BC / ACCESSWIRE / October 23, 2020 / American Manganese Inc. (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM) ("AMY" or the "Company") is pleased to announce continued recognition of the strategic importance of the Wenden Manganese Stockpile in Arizona and the recently awarded grant to American Manganese from the United States Defense Logistics Agency (DLA).

Shortly after DLA selected American Manganese Inc. for a grant to demonstrate the Company's ability to process Electrolytic Manganese Metal from low-grade Wenden Stockpile feedstock (October 21, 2020 Press Release), Congressman Paul Gosar (R-AZ) released a letter to U.S. Secretary of Interior David Bernhardt stating:

"I am asking that you work to direct BLM [the Bureau of Land Management] to be prepared to work with DLA/NDS [National Defense Stockpile] in finding a path forward for the potential siting an advanced manganese material processing facility at Wenden. This facility could allow an economical approach that produced a desired environmental outcome, while providing a needed national security material and jump-starting manganese production in the US which ceased in 1973…

This would open the prospect of:

1. Using the low-grade Wenden stockpile as feedstock for US-produced EMM [Electrolytic Manganese Metal];
2. Producing a reliable source of EMM for both DLA/National Defense Stockpile - and commercial technology markets;
3. Ending US 100% manganese import-dependency;
4. Reducing reliance on China in the advanced manganese supply chain….;"

Congressman Gosar concluded: "With an EMM processing plant at the Wenden Stockpile site, progressive reclamation/clean-up of the Wenden site would take place, in the context of an ongoing advanced material production facility."

To read the full press statement from Congressman Gosar on the potential opportunity involving the Wenden DLA Stockpile - Click Here.

About American Manganese Inc.

American Manganese Inc. is a critical metals company focused on recycling of lithium-ion batteries (RecycLiCo™) and the production of electrolytic manganese metal from low grade U.S. resources. The recycling process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCo™ patented process and become an industry leader in recycling cathode materials from spent 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

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/611857/US-Government-Looks-to-Wenden-Arizona-National-Defense-Stockpile-to-Help-End-Reliance-on-China-for-Critical-Minerals

FAQ

What is the significance of American Manganese's announcement regarding the Wenden Stockpile on October 23, 2020?

The announcement highlights the strategic importance of the Wenden Manganese Stockpile and a grant awarded to American Manganese by the U.S. Defense Logistics Agency to process Electrolytic Manganese Metal from the stockpile.

How does the grant from the U.S. Defense Logistics Agency benefit American Manganese?

The grant allows American Manganese to demonstrate its processing capabilities for Electrolytic Manganese Metal, potentially establishing a reliable domestic source and reducing import-dependency.

What did Congressman Paul Gosar suggest about the Wenden Stockpile?

Congressman Gosar suggested that an advanced manganese processing facility could be developed at the Wenden Stockpile, which would help in environmental reclamation and secure national materials.

What is the stock symbol for American Manganese?

The stock symbol for American Manganese is AMYZF.