RecycLiCo Batter Stock Price, News & Analysis

American Manganese Inc. held its annual general meeting on June 9, 2021, where all proposed resolutions were approved by shareholders. Key outcomes included the re-election of directors Larry Reaugh, Andris Kikauka, Edward Skoda, Norman Tribe, Kurt Lageschulte, and Zarko Meseldzija. Additionally, DeVisser Gray LLP was appointed as auditors for the upcoming year. The company also increased the number of stock options available for grant to 20% of its issued and outstanding shares as of the meeting date.

American Manganese Inc. (AMYZF) has commented on the White House's report regarding the U.S. battery supply chain and recycling, released in response to President Biden's executive order. The report highlights the opportunity to recycle spent lithium-ion batteries, reducing waste and improving supply chains. AMY's RecycLiCo process is recognized as a vital component of sustainable practices in battery recycling. The company is engaged with the U.S. DOE and DoD as part of a new Battery Recovery and Recycling Task Force, emphasizing the need for domestic recycling capacities to support its initiatives.

American Manganese (TSXV:AMY, OTCQB:AMYZF) has produced high-quality NMC cathode precursor material from recycled NMC cathode waste using its patented RecycLiCo™ process. This new material, which possesses similar specifications to conventional cathode materials, signals a significant advancement in battery recycling. Furthermore, the company plans to enhance its process flexibility by adjusting leached metal ratios to recycle older cathode chemistries into modern variants in a single closed-loop system. This innovation is expected to integrate recycling directly within Gigafactories, addressing battery production waste.

American Manganese Inc. (AMYZF) has announced the successful shipment of its recycled NCA cathode sample for testing by an international cathode manufacturer. The preliminary analysis showcases that the recycled material exceeds the purity of commercial grade NCA cathode precursors, particularly in terms of undesirable elements. This indicates the effective capabilities of the RecycLiCo™ patented recycling process, potentially paving the way for future collaborations with leading manufacturers in the lithium-ion battery sector.

American Manganese Inc. (OTCQB:AMYZF) announced its participation in Benchmark EV FEST from June 1-4, 2021, showcasing its RecycLiCo™ patented process for sustainable lithium-ion battery recycling. The presentation will take place on June 2 at 6:00 AM PST, focusing on the importance of battery recycling in the supply chain and its environmental benefits. The event aims to provide insights into the electric vehicle and lithium-ion battery sectors.

American Manganese Inc. (AMY) announced preparations for a new drill program at its Rocher Deboule copper-gold property in British Columbia. The Company has completed a NI43-101 technical report, applied for necessary drilling permits, and established partnerships with local First Nations. Historical production data reveals significant past yields of silver, gold, and copper. Additionally, AMY will not proceed with a previously proposed spin-out of its BC mineral assets, believing it would not enhance shareholder value due to compliance challenges with the TSX Venture Exchange.

American Manganese Inc. (AMYZF) announced that the Korean Intellectual Property Office granted Patent No. 10-2246670 for its RecycLiCo™ lithium-ion battery cathode recycling process. This patent enhances its international intellectual property position, especially in the innovative field of battery recycling. The RecycLiCo™ process claims 100% extraction rates for cobalt, nickel, manganese, aluminum, and lithium from various cathode chemistries. This recognition promotes AMY's goal of a circular battery supply chain amidst rising demand for sustainable battery solutions.

American Manganese Inc. (AMYZF) announced the appointment of Dan McGroarty to the U.S. Department of Energy's Critical Materials Institute Advisory Board for a two-year term. This development reflects McGroarty's significant contributions to the company and the broader sector. Under his guidance, the company aims to enhance its role in addressing critical mineral supply challenges. Since joining the CMI as an industry member in 2019, American Manganese has focused on advanced recycling processes for lithium-ion batteries.

American Manganese Inc. (AMYZF) announced the preparation of pregnant leach solution from NMC cathode waste, aimed at producing cathode precursor materials through its patented RecycLiCo™ process. This high-value product targets the lithium-ion battery supply chain, particularly for electric vehicles. Additionally, the company is sourcing equipment for its demonstration plant, with a $2.7 million contract awarded to Kemetco Research. The plant will facilitate third-party evaluations and enhance commercialization efforts, supporting the growing demand for sustainable battery recycling solutions.