American Manganese Wins Green Light to Test Batteries

American Manganese Wins Green Light to Test Batteries

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, July 30, 2020

Anything suggesting a return to normality is providing relief to markets and folks in general, as the current pandemic enters its seventh month. 

The bright light came Thursday from Surrey, B.C.-based American Manganese Inc. (TSX-Venture:AMY), who informed investors its contract research lab, Kemetco Research, has received the required specialty equipment to continue Pilot Plant optimization tests for recycling lithium-ion battery material. 

CEO Larry Reaugh was quoted in Thursday’s news release as saying, "Given the initial and encouraging optimization results, we believe that continued testing is critical to American Manganese's go-to market strategy and a major differentiating factor amongst competitors in the growing recycling industry," 

"It is important that we go the extra mile on optimization testing, while costs are relatively low, so that we may put our best foot forward when it comes to the commercial recycling plant.” 

It is expected that the plant should be back up and running as early as next week. 

Shares in AMY acquired one cent, or 5.3%, to 20 cents, on volume of 72,000 shares.


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