American Manganese Inc.: Patent Application Submitted for Artillery Peak Manganese Extraction Process
30 August 2011 - 8:00PM
Marketwired
Larry W. Reaugh, President and Chief Executive Officer of American
Manganese Inc., (TSX VENTURE: AMY)(PINK SHEETS: AMYZF)(FRANKFURT:
2AM) ("American Manganese" or the "Company") is pleased to report
the Company has submitted its full patent application for the
hydro-metallurgical process the Company developed to extract
manganese from its Artillery Peak Manganese deposit.
Mr. Reaugh states that, "The process combines a series of
conventional technologies in a unique configuration that is
designed to be energy and water efficient. The continuous bench
scale pilot plant test program that is currently underway is
corroborating the conceptual process previously described in the
report, "The Recovery of Manganese from Low Grade Resources: Bench
Scale Test Program Completed", prepared by Kemetco Research Inc. of
Richmond, BC. This intellectual property is one of the cornerstones
of the Company's business plan."
Mr. Reaugh goes on to say: "The Company is financially strong
with $7 million in the bank, more than enough to complete the
ongoing pilot plant test, pre-feasibility study and environmental
and regulatory permitting as well as begin the final feasibility
report."
The current NI 43-101 compliant resource estimate of the
Artillery Peak Manganese deposit includes an Indicated resource of
about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs
contained Mn), and an Inferred resource of about 107.2 million
tonnes grading 3.76% Mn (8.9 billion lbs contained Mn).
About Kemetco Research Inc.
Kemetco Research Inc. is a privately owned contract research and
development company specializing in extractive metallurgy, chemical
processing and specialty chemical analysis. It was formed after the
acquisition of the industrial process division of B.C. Research;
which had been in operation for over 60 years as a research and
development contractor in British Columbia.
About Manganese
China controls electrolytic manganese production (EMM) supplying
and producing 98.44% of the world's needs (3.0 billion pounds per
year).
There is no substitute for manganese in steel (total manganese
market greater than 31 billion pounds per year, fourth largest
traded metal).
Manganese is the most critical metal at risk to supply and
restriction in the United States as there is no US production.
EMM's greatest uses are the upgrading of specialty steel (47%), and
the manufacture of aluminum alloys (32%) and electronics (14%).
Electrolytic manganese dioxide (EMD) for the battery industry is
expected to be the fastest growing segment of the manganese
market.
China has a 20% export duty on EMM and the US has a 14% import
duty; (US Price $1.81/lb) the current world price for Electrolytic
Manganese Metal is about $1.54/lb. Manganese resources are
declining in China especially carbonate ores for production of EMM,
forcing Chinese companies to seek production offshore.
China is currently shutting down production of EMM in several
provinces for environmental reasons.
China production of EMM predicted to fall 500 - 700,000 T's out
of 1.4 million T's in next 3 - 5 years.
About American Manganese Inc.:
American Manganese Inc. is a diversified specialty and critical
metal Company focusing on potentially becoming the lowest cost
producer of electrolytic manganese from its Arizona Manganese
Project. The Company is well financed to execute its contemplated
work programs.
This release has been reviewed by John W. Fisher, P. Eng., a
qualified person pursuant to National Instrument 43-101.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh, President and Chief Executive Officer
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX-Venture
Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: American Manganese Inc. Larry W. Reaugh President and
Chief Executive Officer 604-531-9639 604-531-9634 (FAX)
www.americanmanganeseinc.com
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