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Monday, November 25, 2024

American Manganese updates on progress of its demonstration plant; major equipment expected to arrive throughout rest of 2021 - Proactive Investors USA & Canada

Last updated Wednesday, October 20, 2021 07:51 ET , Source: NewsService

The company, along with partner Kemetco Research, has developed a technology, which upcycles lithium-ion battery waste into high-value battery cathode materials

American Manganese Inc has updated investors on the progress of building its recycling demonstration plant in Greater Vancouver, saying it expects to receive major equipment for the project throughout the rest of 2021.

The company, along with partner Kemetco Research, has developed a technology, which upcycles lithium-ion battery waste into high-value battery cathode materials using its so-called 'RecycLiCo' process.

Planning for the plant began in March this year, following a C$2.7 million contract signed between the two firms and work to date has included process flow sheet design and equipment orders to match the planned 500 kg/day processing capacity of lithium-ion battery cathode waste.

"With multiple patents, technical publications, and rigorous testing, American Manganese sets itself apart with its methodical approach in developing RecycLiCo as an advanced lithium-ion battery cathode upcycling process, and it gives me confidence in future scale-up efforts," Larry Reaugh, CEO of American Manganese said in a statement.

"The demonstration plant provides a tool for licensing or joint developing our RecycLiCo patented process with potential industry leaders," Reaugh added.

The American Manganese CEO also noted that "most of the existing commercial recycling facilities treat end-of-life batteries using rudimentary...



Read Full Story: https://www.proactiveinvestors.com/companies/news/963756/american-manganese-updates-on-progress-of-its-demonstration-plant-major-equipment-expected-to-arrive-throughout-rest-of-2021-963756.html

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