Indian Patent Office Grants Patent to American Manganese for Lithium-ion Battery Recycling
American Manganese Inc. (AMYZF) has received Patent No. 380826 from the Indian Patent Office for its lithium-ion battery recycling technology.
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Rhea-AI Summary
American Manganese Inc. (AMYZF) has received Patent No. 380826 from the Indian Patent Office for its lithium-ion battery recycling technology. This patent covers essential processes in the RecycLiCo process, allowing up to 100% extraction of lithium, cobalt, nickel, and manganese from lithium-ion battery cathode materials. The Indian automotive market is a significant opportunity, expected to be the third-largest globally by 2030 with ambitious electric vehicle targets. This highlights the potential for establishing a circular battery recycling business model in India.
Positive
- Indian Patent Office granted Patent No. 380826 for RecycLiCo process.
- Patent allows for up to 100% extraction of critical battery materials.
- India's automotive industry expected to be a major EV market by 2030.
Negative
- None.
Details
News Market Reaction – AMYZF
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SURREY, BC / ACCESSWIRE / December 7, 2021 / American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company") is pleased to announce that the Indian Patent Office has issued Patent No. 380826 for the Company's first patent invention regarding lithium-ion battery recycling. The patent covers core process functions in the Company's RecycLiCo process that can achieve up to
The newly granted Indian patent is separate from the Company's second battery recycling patent invention recently filed into national phase for Europe, South Korea, Canada, India, Australia, Japan, and China.
India's automotive industry is the fifth largest in the world and is slated to be the third largest by 2030, coupled with India's plans to have
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
Email: lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
SOURCE: American Manganese Inc.
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https://www.accesswire.com/676261/Indian-Patent-Office-Grants-Patent-to-American-Manganese-for-Lithium-ion-Battery-Recycling
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