Former Tesla Director for Central Europe Joins American Manganese Advisory Board

Rhea-AI Summary

Jochen Rudat, former Tesla Director for Central Europe, has joined the Advisory Board of American Manganese (AMY), enhancing its focus on RecycLiCo™ business opportunities in Europe. With a decade of experience at Tesla and roles at BMW, Kia, and Porsche, Rudat aims to bolster strategic partnerships and business development. He has been granted one million stock options at an exercise price of $1.99/share. This appointment is anticipated to leverage his extensive industry insights as American Manganese positions itself as a leader in recycling lithium-ion batteries.

Positive

• Jochen Rudat's appointment brings extensive experience in the EV industry, potentially enhancing strategic partnerships.
• Rudat's role may lead to increased business development opportunities for RecycLiCo™ in Europe.

Negative

• Concerns may arise regarding the continuity of leadership and potential experience gaps in the board.

Jochen Rudat to Focus on European Business Opportunities for RecycLiCo™

SURREY, BC / ACCESSWIRE / February 15, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM) is pleased to announce that Jochen Rudat, a former Tesla Director for Central Europe, has been appointed to the Company's Advisory Board.

Mr. Rudat has an illustrious background and reputation in the electric vehicle (EV) industry. He has spent 10 years working under Elon Musk, CEO of Tesla, where he helped launch Models S, 3, X and Roadster in Europe. Jochen was hired by Elon Musk to build a sales and marketing force in Europe that grew to nearly 300 employees during his tenure.

"We are delighted to welcome such an experienced member of the EV industry to the American Manganese team," said Larry Reaugh, President and CEO of American Manganese. "Jochen's expert industry insight will be an invaluable resource as we explore business development and strategic partnerships for RecycLiCo™ in Europe."

Before Tesla, Mr. Rudat worked for several prominent car manufacturers such as BMW, Kia and Porsche. Most recently, he served as Chief Sales Officer at Italian luxury carmaker Automobili Pininfarina to launch its electric hypercar, Battista. Moreover, Mr. Rudat is the founder of Electric Ventures, a consultancy service focused on investments in sustainable transport.

The Company has granted Mr. Rudat one million incentive stock options with an exercise term of five years and an exercise price of $1.99/share.

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 lithium-ion battery manufacturing waste.

On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: (778) 574-4444
Email: lreaugh@amymn.com

American Manganese Inc.
RecycLiCo^TM

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.

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https://www.accesswire.com/629833/Former-Tesla-Director-for-Central-Europe-Joins-American-Manganese-Advisory-Board

FAQ

What is the significance of Jochen Rudat joining American Manganese's Advisory Board?

Jochen Rudat's appointment is significant as he brings a wealth of experience from the EV industry, especially from Tesla, which could enhance American Manganese's strategic initiatives in Europe.

How might Jochen Rudat's experience impact American Manganese's business development?

Rudat's background in launching Tesla models in Europe may open doors to new business partnerships and development opportunities for RecycLiCo™.

What are the stock option details granted to Jochen Rudat?

Jochen Rudat was granted one million incentive stock options with an exercise price of $1.99 per share, valid for five years.

What is RecycLiCo™ and why is it important for American Manganese?

RecycLiCo™ is American Manganese's patented process aimed at recycling lithium-ion batteries, which is crucial for promoting sustainability and efficiency in battery production.