After getting involved in VVN.v and seeing the huge interest in it and other cobalt stocks, i decided to start a position in AMY with some of the profits from VVN. 2017-02-03 08:45 MT - News Release Mr. Larry Reaugh reports AMERICAN MANGANESE INC. REVIEWS LITHIUM ION BATTERY RECYCLING HIGH GRADE COBALT AND ELECTROLYTIC MANGANESE METAL OPPORTUNITIES American Manganese Inc.'s management is currently reviewing opportunities within its present portfolio of intellectual and mining projects as follows. Lithium-ion electric vehicle battery recycling American Manganese is developing a new technology for the recycling of spent cathode materials used in lithium-ion batteries. The conceptual process of recycling these materials was based on adaptations of American Manganese's proprietary know-how and patented hydrometallurgical process for the recovery of manganese from low-grade resources. American Manganese has conducted scoping studies as a proof of concept to show that a popular cathode material, lithium cobalt oxide, could be leached using a reducing acid, and that the leached cobalt and lithium could be precipitated for potential reuse in remaking fresh cathode materials. The scoping study showed leach recoveries of more than 99 per cent for lithium and cobalt, and 99 per cent of the cobalt and 60 per cent of the lithium could be precipitated from the leach solutions in a single pass. American Manganese has filed a U.S. provisional patent application of the conceptual process under development. Kemetco Research Inc. has commenced a phased technology development program with the goal of developing a complete flowsheet to maximize recovery of valuable cathode components while minimizing reagent consumption and addressing water balance in an environmentally friendly and economic manner. Research will be reported on as the company receives updates. Lithium metal is the most expensive by weight of all the cathode materials, currently fetching $19.90 per pound or $42,090 per tonne. Cobalt is the next most expensive at $16.90 per pound or $37,242 per tonne (see press release dated Jan. 19, 2017). Cobalt has increased 70 per cent in value over the past year, with demand projected to exceed supply later this year. New Hazelton, B.C., high-grade cobalt/gold property American Manganese's high-grade cobalt/gold property (Victoria mine) located near new Hazelton, B.C., has seen limited historical production of 90 tonnes grading 2.77 per cent cobalt and 3.22 ounces per tonne gold. Two grab samples at the Victoria adit obtained by the company in 2007 graded 26.64 grams gold and 1 per cent cobalt and 41.9 grams gold and 1.1 per cent cobalt respectively. The Victoria mine and showings of vein material consist principally of cobalt-nickel arsenide in hornblende gangue with glassy quartz and feldspar. Additional minerals include molybdenite, uraninite, apatite, sphene, allanite and rare scapolite. The company has been approached by interested parties for the potential to joint venture this cobalt-gold project. Artillery Peak, Arizona, manganese project and patent American Manganese first acquired claims in the Artillery Peak manganese district in 2007. Recognizing that low-grade deposits of manganese were not economic, the company moved forward with research to develop a disruptive technology to produce higher-priced forms of manganese such as electrolytic manganese metal (EMM), electrolytic manganese dioxide (EMD) and chemical manganese dioxide (CMD). The company contracted Kemetco starting in May, 2009, to perform the research (note: the U.S. Bureau of Mines worked on the metallurgical process for approximately 50 years with limited success). Kemetco made the breakthrough and successfully completed the pilot plant testing in December, 2011. Tetra Tech vetted the process and used the results to design the EMM plant for the prefeasibility study completed in September, 2012. The project is the most advanced manganese project in the United States. Over the past few years the company has reduced its landholdings (see press release dated Nov. 7, 2013). The remaining claims contain the best grades and thicknesses, including intersections of 7.23 per cent manganese over 6.09 metres (20 feet) and 4.02 per cent manganese over 27.44 metres (90 feet). With the renewed interested by Tesla in rechargeable lithium manganese batteries in storage and electric vehicles, the company will be looking for interested partners to reinvigorate the CMD studies. The company has previously produced CMD from Artillery Peak ores and produced working rechargeable lithium-manganese batteries (see Dec. 6, 2012, press release). The company now holds patents in three countries, the U.S., China and South Africa, on its environmentally friendly green process
Adding more here, as i do more DD on their patented process to recycle lithium and cobalt from discarded batteries . As the prices for cobalt and lithium have been rising very quickly the economics of the recycling get a lot better. They have had several discussions with prospective jv partners on their cobalt/nickel/gold property in NW BC. Took some more off the table with VVN at the open and parked some more in AMY. I suspect we will hear news of deal for the cobalt play in BC shortly.
Very little volume in AMY so far. Cobalt plays for the most part not doing so well today. Have bids in lower to add to my initial buys. Hope for the best.... a jv partner with some cash for the BC property.
AMY news today. One of the few mining stocks that was in the green today, altho they are more of a tech play with the recycling patents. American Manganese, Ames to explore battery recycling 2017-03-02 09:19 MT - News Release Mr. Larry Reaugh reports AMERICAN MANGANESE INC. EXECUTES MOU WITH U.S. GOVERNMENT'S AMES LABORATORY ON LITHIUM ION BATTERY RECYCLING American Manganese Inc. has entered into a memorandum of understanding with Ames Laboratory, a U.S. Department of Energy national laboratory operated by Iowa State University. Ames is the lead national laboratory for the Critical Materials Institute, a U.S. Department of Energy Innovation hub established by Congress in 2013. As the memorandum of understanding notes: The agreement allows both parties to share an interest in collaborating in the area of materials science to synergistically augment the scope and expertise of each organization and to enhance the technological development of both organizations. Both parties recognize that the recovery and reclamation of metals and minerals from spent lithium-ion batteries represents a significant source of critical materials. Both parties share an interest in collaborating in the exploration of electric vehicle (EV) battery materials recycling options from spent electric vehicle lithium-ion batteries having cathode chemistries such as lithium-cobalt, lithium-cobalt-nickel-manganese and lithium-manganese. The memorandum of understanding with the U.S. government's Ames Lab follows last month's award to American Manganese from the Canadian government's National Research Council of Canada industrial research assistance program (NRC-IRAP) for the continued development of the company's spent electric vehicle battery cathode materials recycling technology. About American Manganese Inc. American Manganese is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low-cost production or recovery of electrolytic manganese products throughout the world and recycling of spent electric vehicle lithium-ion rechargeable batteries. We seek Safe Harbor.
