Business
American Manganese Inc. Signs Memorandum of Understanding with Battery Safety Solutions B.V.
Partnership on Providing a Complete Closed Loop Circular Economy Solution for the Upcycling ...
About this update from Recyclico Battery Materials Inc
[{"type":"text","content":"American Manganese Inc. Signs Memorandum of Understanding with Battery Safety Solutions B.V.Partnership on Providing a Complete Closed Loop Circular Economy Solution for the Upcycling of Lithium-Ion BatteriesCommercialization Goal Set for Late 2019SURREY, BC / ACCESSWIRE / December 11, 2018 / Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (\"American Manganese\" or \"AMY\" or the \"Company\"), (TSX-V: AMY / OTC US: AMYZF / FSE: 2AM), is pleased to announce that the company has signed a Memorandum of Understanding (\"MOU\") with Battery Safety Solutions B.V. (\"BSS\") for the purpose of forming a Partnership to create and commercialize a closed-loop circular economy solution for the upcycling of lithium-ion battery cathode materials. The parties will initially focus their efforts on lithium-ion battery subtypes such as LCO, NMC, NCA, and/or LMO. BSS, a private Dutch company, specializes in the collection, discharging, and dismantling of lithium-ion batteries and will contribute their expertise in European marketing, access to customers, collection and transportation, safe handling, electrical discharge, safe storage, sorting, and mechanical treatment to generate cobalt and manganese concentrates from waste lithium-ion batteries.BSS has developed a unique process that completely discharges a lithium-ion battery in a fraction of the time needed by conventional methods, and then stores 100% of the discharged energy. Once the battery is discharged, BSS can safely disassemble and sort lithium-ion battery components. Meetings were conducted at Kemetco Labs, where due diligence of the BSS technology was completed.AMY received samples of disassembled batteries from BSS which, after several weeks of bench scale testing, yielded positive results using AMY's patent pending process. AMY will continue to receive disassembled battery components from BSS to develop and optimize the process for conversion into a high value final product at very high recycling efficiencies. AMY will contribute intellectual property and expertise on the scientific aspects, engineering aspects, and plant design.\"We received and analyzed several samples of disassembled battery materials from around the globe and believe that the BSS process is the most advanced and unique process available,\" said Mr. Reaugh. \"This strategic part...