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American Manganese Inc (TSXV:AMY)

Summary

American Manganese Inc. (AMY) is a critical metal company with a patent pending hydrometallurgical process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. By using a novel combination of reagents and unit operations to provide 100% extraction, high purity, and minimum use of water, AMY’s lithium-ion battery recycling process is robust, sustainable, and environmentally friendly.

Market Overview

$0.165 (0.000%)
Vol 51,400.00
10 Days Avg Vol 0.00
3 Mo Avg Vol 165,029.43
52 Wk Lo/Hi $0.135 - $0.350
YTD Price Gain % -40%
12 Wks Moving Avg 0.172444
200 Days Moving Avg 0.205875
Market Cap 26,704,326

Company Background

American Manganese Inc. (AMY) is a critical metal company with a patent pending hydrometallurgical process for recovering metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. By using a novel combination of reagents and unit operations to provide 100% extraction, high purity, and minimum use of water, AMY’s lithium-ion battery recycling process is robust, sustainable, and environmentally friendly.

Highlights

  • Lithium-Ion Battery Recycling Tests Recover 100% of Cathode Metals (Lithium, Cobalt, Nickel, Manganese, and Aluminum)
  • Publication of Patent for Lithium-Ion Battery Cathode Recycling Process (Patent Pending)
  • Raised US$ 2.3 Million for Pilot Plant project
  • Signed Kemetco Research as a contractor for Pilot Plant testing and continued IP development
  • Joined Responsible Cobalt Initiative
  • Working with Blockchain technology to source lithium-ion battery supply

Share Structure:

As of September 1, 2018

Shares Issued 166,039,403

Warrants

20,544,337

Options

15,750,000

Fully Diluted 202,333,740

Other Information

Projects
  • Patent Pending Lithium-Ion Battery Recycling Process
  • Manganese Ore Property in Arizona (Artillery Peak)
  • Gold, Silver, Copper, Cobalt, and Tungsten Ore Property in British Columbia (Rocher Deboule Under Option with Australian Mining Company)
  • Rare Earth Property in British Columbia (Lonnie-Virgil Property)

Management Profiles

Larry W. Reaugh

President & CEO, Director

Larry Reaugh has 55+ years’ experience in the mining industry and for the past forty years he has been the CEO and President of several exploration, development and production companies including 12 years in internet and technology breakthroughs listed on the TSX, TSX Venture and NASDAQ exchanges. Several of his companies have made significant discoveries, three of which (gold/silver) went on to be producing mines. Mr. Reaugh founded American Manganese Inc. in 1998 and has served as its President and CEO since that time. Through his career, Mr. Reaugh has raised in excess of $300 million.

Zarko Meseldzija

Chief Technical Officer

Zarko brings a range of industry experience, acquired by working with one of Canada’s largest energy companies and an innovation driven process systems company. Zarko has deep insight into project management of multi-million-dollar projects as well as technical knowledge of hydrometallurgical process development projects, particularly in the field of e-waste and lithium ion battery recycling. Zarko Meseldzija’s early introduction into the Urban Mining sector inspired him to build his career on emerging technologies and open an independent consulting firm focused on lithium ion battery supply chain management and the recycling of battery metals such as cobalt, lithium, nickel and manganese. He holds a Bachelor’s in Mining Engineering from the University of Alberta and is a registered engineer with the Engineers and Geoscientists of British Columbia.

Shaheem Ali

BBA, Chief Financial Officer

Shaheem Ali is a finance and business management professional with 10 years’ experience in operations management, full cycle accounting, systems development and people management. Proven record of implementing financial and operational processes reducing operations costs and improved internal controls with Alderwoods Group Inc. where his experience includes governance and regulatory fund compliance with various states.

Teresa Piorun

Senior Corporate Officer

Teresa Piorun has been with the Reaugh group of companies for thirty-three years. Ms. Piorun is a senior corporate officer with wide-ranging responsibilities, serving as a focal point for communication with the board of directors, senior management and the company’s shareholders, and occupies a key role in the administration of critical corporate matters. She is the confidant and advisor to the CEO and other members of senior management, particularly on corporate governance affairs.

Norman L. Tribe

B.A.Sc., P.Eng., Director

Norman Tribe is the president and principal of N. Tribe & Associates Ltd a geological contractor serving the mining industry for fifty-eight years. Mr. Tribe has a total of 58 years’ experience in most phases of mining and reporting to the various government entities and stock exchanges.

Andris Kikauka

P.Geo, Director

Andris Kikauka is a graduate of Brock University, St. Catharines, Ont., with an Honours Bachelor of Science Degree in Geological Sciences, 1980. He is a member of the Geological Association of Canada. He is registered in the Province of British Columbia as a Professional Geoscientist.

Jan Eigenhuis

Director

Jan Eigenhuis is a former senior executive at Manganese Metal Company of South Africa (MMC). He currently acts as a consultant to the electrolytic manganese industry worldwide. It is notable that he counts MMC as well as the Chinese manganese producers as clients. Mr. Eigenhuis is a graduate of the University of Pretoria; B.Sc. (Chem. & Math.) and the University of South Africa; MBL (Master Business Leadership). He has 30 years of business experience in mineral beneficiation and in the electrolytic manganese metal industry.

Ed Skoda

Director

Edward Skoda obtained a Diploma in Mining Engineering Technology from the Haileybury School of Mines in Ontario in 1971 and a Diploma in Business Management from the British Columbia Institute of Technology in 1979. Mr. Skoda has over 30 years of experience in the mining industry in which time he has worked on many national and international projects.

Kurt Lageschulte

Director

Kurt Lageschulte is a Partner and Senior Analyst at Broadbill Investment Partners, LLC in New York. Broadbill Partners is an investment firm with offices in New York, Florida and California and currently has $130 million of assets under management across four managed funds. Kurt is a founding partner at Broadbill, and was previously employed as a Senior Analyst with Aspen Advisors from 2002 to 2010. Kurt has worked as an advisor and active member of a number of committees. Most recently, he has advised the Special Committee of the Penn Treaty American Company board in a complex negotiation with industry regulators. Kurt’s experience in the energy, renewable and mining industries, coupled with significant expertise in the capital markets will enable Kurt and the Broadbill team to help American Manganese in the reaching of its goals in the coming years.

Shailesh Upreti

Advisory Board

Shailesh Upreti is a well-respected lithium-ion technology expert and inventor of multiple breakthrough technologies. An IIT Delhi graduate, Mr. Upreti has worked closely with Professor Stan Whittingham in the past and holds multiple US patents and their foreign equivalents in more than 30 countries. In addition to his technical degree he has a second masters in international business management in combination with extensive experience as an entrepreneur. Shailesh has successfully brought more than 5 different technologies to market including one in the material recycling space. His 16 years of extensive experience includes bringing new products to market, business development, lithium-ion supply chain & industry networking, downstream processing and investigating organizational performance gaps. He is well integrated into the global battery industry and serves on various advisory boards. Shailesh is particularly adept in defining corporate commercial objectives, business support programs and achieving organizational goals while bringing new technology to market.

David Langtry

Technical Advisor

David Langtry has been a businessman since 1964 when he joined Langtry Agencies, a company which expanded nationally to become Langtry Industries and was sold in 2011 to ITOCHU, a Japanese conglomerate specializing in commodities. Mr. Langtry currently owns and operates Raider Hansen Inc., an industrial supplies company having 10 locations throughout British Columbia, as well as GRE Manufacturing, a glass recycling company. He also holds 10 worldwide patents. Mr. Langtry has a life time of experience in technology and financial markets.

Daniel McGroarty

Strategic Advisor

Daniel McGroarty has consulted for nearly two decades to firms in the resource sector, with a focus on strategic and critical metals. He is principal of the non-profit American Resource Policy Network, a resource development think tank. He has served as a critical materials subject-matter expert for the U.S. GAO; testified before the energy and natural resource committees of the U.S. House and Senate; consulted to the Institutes for Defense Analyses, which provides research and analytical work to the U.S. Department of Defense for its National Defense Stockpile reports; and currently serves as Adjunct Professor at The George Washington University Graduate School of Political Management. Prior to establishing his consultancy, Dan served as Special Assistant to the President in the White House and as presidential appointee to two Secretaries of Defense.

James J. (Jim) Hahn

Advisory Board

Jim comes from a career of 40+ years in the Specialty Tool and Fastener Industry. He has held management positions in patented product development to include Powder Actuated Fasteners, Adhesives, and Coatings. Additionally, he has worked domestically and internationally in the development of Concrete Anchoring Systems leading to successful market introductions. These introductions were attained through independent product testing to meet strict industry codes and final evaluation agency approvals. At Hilti, Inc. Jim achieved the highest level of sales locally, regionally and nationally. He was awarded multi-million-dollar sales club recognition for his work with a previously poor-performing territory and was recognized multiple times as a President Club’s winner at national conventions, having set regional and national sales records annually. Jim received a special award from ITW Corporation for the development of a national training program for certain industrial products. He was a founding member of the Concrete Anchoring Manufacturing Association in 1996. Last but not least, Jim was a PGA professional golfer after he graduated from college where he earned an AA degree in Applied Marketing and a BA in Business Administration.

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