November 22, 2017 (Investorideas.com Newswire) Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc., (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM) ("AMI" or the "Company") is pleased to report the Company has filed its Patent Co-operative Treaty (PCT) Patent Application on November 9, 2017.
The PCT Application is a unified international patent application with 152 participating independent states and countries. With the filing of the PCT Application, the Company's proprietary technology becomes patent pending in these international jurisdictions.
The PCT application is another important milestone as the company continues develop and assemble intellectually property assets to capitalize on its technology for recycling lithium ion batteries.
A recent article published by Reuters, "Metal recyclers prepare for electric car revolution" (see: https://www.reuters.com/article/us-batteries-recycling-analysis/metal-recyclers-prepare-for-electric-car-revolution-idUSKBN1DH1DS?il=0), details the opportunity that exists for developing processes to extract metals from spent batteries to capitalize on the expected shortfall in materials such as cobalt and lithium due to the rapidly growing electric vehicle revolution.
The electric vehicle market is rapidly expanding with new products being introduced on a regular basis. For example, Reuters reports that Volkswagen has decided on a strategic shift to electric vehicles (EVs) and aims to make up to 3 million EVs by 2025. To meet this production capacity, it is estimated that more than 150 gigawatt hours of battery capacity annually will be required, and Volkswagen has been seeking to secure supply contracts for cobalt. (see: https://www.reuters.com/article/us-volkswagen-cobalt-evs-exclusive/exclusive-vw-moves-to-secure-cobalt-supplies-in-shift-to-electric-cars-idUSKCN1BX1RE).
Tesla recently announced a new semi-truck (see: https://www.tesla.com/semi/), with < 2KWh/mile energy consumption and up to a 500-mile range, the batteries pack size is calculated to be 1000 KWh (or greater than 10 times the battery capacity of an electric car).
Two years ago, American Manganese had recognized that the rapidly growing demand for EVs would lead to supply strains on materials used to make lithium ion batteries, particularly cobalt. As such, the Company has been developing its strong intellectual property portfolio to capitalize on this opportunity.
About American Manganese Inc.
merican Manganese Inc. 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.
Interest in the Company's patented process has adjusted the focus of American Manganese Inc. toward the examination of applying its patented technology for other purposes and materials. American Manganese Inc. aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese (Please see the Company's July 27, 2017 press release for further details).
The company has updated their PowerPoint which can be viewed here.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444; Email: firstname.lastname@example.org
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.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.