American Manganese : MDA July 31, 2021 - marketscreener.com

Management's Discussion and Analysis For the year ended July 31, 2021 and 2020

American Manganese Inc.

Management's Discussion and Analysis

For the Year Ended July 31, 2021

This management's discussion and analysis of American Manganese Inc. (the "Company") contains an analysis of the Company's operational and financial results for the fiscal year ended and three-month period ended July 31, 2021. The following should be read in conjunction with the company's audited consolidated financial statements for the year ended July 31, 2021, and 2020, which were prepared in accordance with the International Financial Reporting Standards ("IFRS") as adopted by the International Accounting Standards Board ("IASB"). All figures are in Canadian dollars unless otherwise stated.

FORWARD-LOOKING STATEMENTS

This MD&A contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the Company's future business plans and strategy, exploration plans, and environmental protection requirements. Generally, forward-looking information can be identified by the use of forward- looking terminology such as "plans", "expects" (or "does not expect"), "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" (or "does not anticipate"), or "believes", and other similar words and phrases, or which states that certain actions, events, or results "may",...

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