Friday, September 17, 2021

American Manganese Receives Funding to Advance Lithium-Ion Battery Recycling Project in Collaboration with Italvolt - Markets Insider

Last updated Friday, August 13, 2021 03:00 ET , Source: NewsService

SURREY, BC / ACCESSWIRE / August 13, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) is pleased to announce it is receiving advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a pilot project, entitled, ‘Demonstration of Continuous Recycling of Cathode Material from Lithium-ion Battery Production Scrap'. This funding is delivered through NRC IRAP's Fast Pilot in Foreign Markets program, designed to help innovative Canadian small and medium-sized businesses overcome barriers to global market entry and facilitate direct adoption of technology in foreign markets.

In collaboration with Italvolt, American Manganese will model, commission, and test a lithium-ion battery cathode material recycling demonstration plant to include continuous operation with specific cathode waste processing objectives, such as capacity, extraction efficiency, and material purity.

Italvolt plans to build one of Europe's largest lithium-ion battery Gigafactory in Scarmagno, Italy. In March of this year, AMY signed a Memorandum of Understanding with Italvolt to collaborate on developing a commercial recycling plant using the Company's patented RecycLiCo technology, alongside Italvolt's Gigafactory.

"The collaboration with American Manganese is about to significantly accelerate our goals to become fully sustainable battery manufacturer," said Lars Carlstrom, Founder and CEO of...

Read Full Story: https://markets.businessinsider.com/news/stocks/american-manganese-receives-funding-to-advance-lithium-ion-battery-recycling-project-in-collaboration-with-italvolt-1030730011

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