American Manganese Inc. (TSXV:AMY)Mining
American Manganese Inc is a technology-driven metal exploration and development company.
The company concentrates on recycling lithium-ion batteries (LIBs) used in the electric vehicles.
The company’s trademark recycling technology is RecycLiCo™ that produces high purity cathode material for use in the remanufacturing of lithium-ion batteries. RecycLiCo™ delivers a recycling solution for cathode materials and purifies lithium, cobalt, nickel, manganese, and aluminum.
American Manganese owns and operates through a diversified portfolio of properties, including:
• Artillery peak
• Rocher Deboule
• Lonnie and Virgil
The mining asset is located in Arizona’s Mohave County that consists of open-pit and underground mines, with 30 unpatented mineral claims covering approximately 620 acres. Between 1928-1955, numerous steel mills has developed manganese on this property. The firm claims that the region is considered as one of the largest manganese deposits in southwest United States.
In 2008, the company initiated metallurgical testin and drilling programs at this property, hosting several past-producing mines such as:
• Hurley Mine & Claim Group
• The Javelina Group
• McGregor Pit
• Plancha and Rudy Claim Group
The Rocher Deboule is a gold/silver/copper/cobalt/ tungsten property situated in New Hazelton, British Columbia in a total area of 997.76 hectares.
It is a division of the Hazelton Project consisting of three historic mines, including- Victoria Mine, Rocher Deboule Mine, and Highland Boy Mine. The company says that a new deposit type containing cobalt and gold, IOCG, was founded on the Rocher Deboule Property.
Lonnie and Virgil
It is located in Granite Creek in North Central British Columbia and consists of eight mineral claims, covering 2,735 hectares. This property primarily explores niobium deposits that is used in making steel alloys. The firm acquired the Lonnie Brent property in 2007. Three years later, American Manganese Inc claims to have conducted a geochemical prospecting program at the site. In May 2011, Echelon Petroleum Corp earned an option to get 60 per cent in the property through an agreement with the company.
The company is listed on different trading platforms, including:
• TSX Venture Exchange: AMY
• United States OTC Market: AMYZF
17942 55th Avenue Surrey BC V3S 6C8