AMY Recylico Battery Materials Inc

Larry W. Reaugh, President and Chief Executive Officer of American Manganese
Inc. ("American Manganese" or the "Company"), (TSX
VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM), is pleased to report and review
the Artillery Peak Manganese Project over the past 16 months. 


The Company has been in discussions with three new companies in the steel,
manganese and battery production fields regarding potential strategic
partnerships and off-takes in the past 4 to-5 weeks.


The Company has optioned 82 patented and fee simple mineral claims (2779 acres)
and increased its unpatented holdings to 396 mineral claims entailing 7920
acres.


Kemetco Research Inc. (Kemetco) is currently developing EMD and CMD production
and testing.


Significant milestones achieved by the Company include:

June 29, 2012: The Company filed the NI 43-101 Preliminary Feasibility Technical
Report on SEDAR.


May 25, 2012: Company receives 5th Canadian NRC grant for Artillery Peak. This
grant was to advance research on CMD, EMD and lithiated manganese powder.


May 18, 2012: Jan Eigenhuis joined the Board of Directors replacing Anthony
Santelli who later resigned (May 24, 2012). Jan is a former senior executive at
Manganese Metal Company of South Africa the only producer of manganese metal,
with the exception of China. Jan has over 30 years of experience in the
electrolytic manganese industry.


May 17, 2012: Tetra Tech Wardrop delivered positive NI 43-101 preliminary
feasibility study. Utilizing the CPM expected price forecast the IRR is 19.95%;
NPV at 8% discount is $402.9 million and a payback of 4.6 years. Capital costs
are $477 million and operating costs over the first 6 years are $0.956/lb at a
grade of 3.13% Mn and average cost of $1.015/lb over the life of the mine
(represents 16% of the total resources) at a grade of 2.46% Mn. Production of
metal over the first 20 years is 999,449 tonnes (2.19 billion lbs).


March 14, 2012: The International Bureau at the World Intellectual Property
Organization based in Geneva, Switzerland published the Company's Advanced
Hydrometallurgical Process Application Patent.


February 15, 2012: Kachan & Co reports that American Manganese's
hydrometallurgical process to be a promising means of recovering low-grade
manganese.


December 21, 2011: The pilot plant testing program performed by Kemetco was
successfully completed. The work confirmed the technical viability of the
Company's patent pending hydrometallurgical manganese extraction and
electro-winning circuit on a semi-continuous operation basis of the overall flow
sheet. The process is designed to recover manganese from lower grade manganese
resources in an energy efficient and economically viable manner with low water
use, thus providing significant environmental benefits compared to the
conventional recovery process which is energy intensive and more costly although
based on high grade resources.


December 6, 2011: Strong Electrolytic Manganese Market Forecast by CPM Group.
Between 2012 and 2021 real EMM prices are forecast to average $1.92 per pound,
which will support project development activities and provide incentive pricing
for bringing new projects online to meet continued growth in demand.


November 4, 2011: Indicated and Inferred Resources Restated. NI 43-101 resources
were reinterpreted by N. Tribe & Associates from the Sept 8, 2011 release as
follows:




---------------------------------------------------------------------------
                 SEPTEMBER 8, 2011                  NOVEMBER 4, 2011       
-----------------------------------------   -------------------------------
                                Mn POUNDS                         Mn POUNDS
                  TONNES  GRADE        IN           TONNES  GRADE        IN
                     (T)  (%Mn)  BILLIONS              (T)  (%Mn)  BILLIONS
---------------------------------------------------------------------------
INDICATED    226,463,754   2.99    14.916      220,943,518   2.84    13.830
---------------------------------------------------------------------------
INFERRED      56,421,027   2.84     3.538       56,338,329   2.84     3.531
---------------------------------------------------------------------------



September 27, 2011: The Company announced successful operation of the pilot
plant by Kemetco resulting in 92.7% recoveries from coarse particle sizes in two
hours. Expected rates of liquid/solid separation averaged 20.8 kg per hour a 4
times greater result than the estimated 3 to 5 kg per hour.


August 18, 2011: Kemetco begins pilot plant testing of Artillery Peak manganese
ores.


June 24, 2011: American Manganese receives fourth National Research (NRC) of
Canada Industrial Research Assistance Program to continue the successful
development of their hydrometallurgical process.


June 17, 2011: American Manganese completed 10,607 meters (34,800 ft.) of
reverse circulation drilling for definitive prefeasibility study on the
Artillery Peak Manganese Project. To date the Company had completed 18,160
meters (59,580 ft.) of reverse circulation diamond drilling in 154 drill holes
during 2008, 2010 and 2011. In addition previous operators completed 58 diamond
drill holes in the 1940's and 1950's.


May 24, 2011: American Manganese awards environmental and permitting contract to
the Tucson, Arizona office of Tetra Tech Inc.


April 7, 2011: American Manganese engages Kemetco for research on lithium
manganese oxide battery technology. (Kemetco had been unable to devote the
necessary time to advance this contract until all of the technical work had
recently been completed on the prefeasibility study. Kemetco is now focusing on
the production of EMD and CMD.)


March 8, 2011: American Manganese closed $5,040,000 bought deal financing at
$0.70 with Laurentian Bank Securities Inc.


February 11, 2011: American Manganese closed a non-brokered private placement at
$0.30 for $4,193,088.30.


About Manganese

China controls electrolytic manganese production supplying and producing 98% of
the world's needs (3 billion pounds per year).


There is no substitute for manganese in steel (total manganese market greater
than 33 billion pounds per year, fourth largest traded metal).


Manganese is a critical metal at risk for supply disruptions in the United
States as there is no U.S. production. EMM's greatest uses are the upgrading of
specialty steel (74%), and the manufacture of aluminum alloys (12%), electronics
(2%), and other applications (12%).


Electrolytic manganese dioxide (EMD) for the battery industry is expected to be
the fastest-growing segment of the manganese market. Ford Motors predicts
production of hybrid electric vehicles will account for 25% of its entire
vehicle line-up by 2020, and Hyundai has committed a lifetime guarantee to their
hybrid electric vehicles that use lithium ion batteries with manganese spinel.


China has a 20% export duty on EMM and the U.S. has a 14% import duty.

The current world price for electrolytic manganese metal is about $1.46 per
pound, while the U.S. price is about $1.66 per pound. 


About American Manganese Inc.

American Manganese Inc. is a diversified specialty and critical metal Company
focusing on potentially becoming a producer of electrolytic manganese metal from
its Arizona Manganese Project.


On behalf of Management

AMERICAN MANGANESE INC.

Larry W. Reaugh, President and Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX-Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission.

Recylico Battery Materials (TSXV:AMY)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Recylico Battery Materials (TSXV:AMY)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024