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American Manganese Inc. Announces Conceptual Commercial Recycling Plant Layout for Lithium-ion Battery Cathode Material
Estimated Capital Expense of US$12 Million for Proposed 3 Tonne Per Day Lithium-ion Battery ...
About this update from Recyclico Battery Materials Inc
[{"type":"text","content":"American Manganese Inc. Announces Conceptual Commercial Recycling Plant Layout for Lithium-ion Battery Cathode MaterialEstimated Capital Expense of US$12 Million for Proposed 3 Tonne Per Day Lithium-ion Battery Cathode Recycling Plant SURREY, BC / ACCESSWIRE / May 1, 2020 / American Manganese Inc. (TSXV:AMY)(OTC PINK:AMYZF)(FSE:2AM) (\"AMY\" or the \"Company\") is pleased to announce that the company's contractor, Kemetco Research, has developed a conceptual layout for American Manganese's first commercial lithium-ion battery cathode recycling plant with a 3 tonne per day processing capacity. From Kemetco's analysis and experience with comparative projects, the capital expense is estimated to be US$ 12 million accounting for the design and construction of specialized equipment. American Manganese's confidence in the operation of the commercial plant is attributed to the scale-up and testing of the pilot plant project, assessing and mitigating risks associated with the transition to a commercial scale operation.American Manganese has expressed interest in commercialization via licensing or joint venture agreements and plans to locate the recycling plant in a strategic location within North America, where it will prepare recycled products suitable for battery manufacturing. During these unprecedented times, the foreign dependency of rare earths and critical metals has turned resource security into national security and the RecycLiCo™ patented battery recycling technology is an opportunity for governments to advance research and assist in commercialization in order to secure a domestic supply of critical metals while promoting an environmentally responsible circular economy in the 21st century's tech metals race.\"We have always been confident in Kemetco given their experience and recent achievements with ioneer's lithium-boron project. Our conceptual plant layout brings together the last three and a half years of planning, theory, lab research, pilot plant tests, and optimization,\" said Larry Reaugh, President and CEO of American Manganese. \"Our methodological approach was not an overnight success like some competitors may allude and our first recycling plant will be a demonstration of the RecycLiCo patented process on a commercial scale as we continue to expand our global reach.\"American Manganese looks to upgrade capac...