American Manganese Inc. Acquires Silica Deposit for Emerging Lithium Ion Battery Technology
April 15 2014 - 6:00AM
Marketwired
American Manganese Inc. Acquires Silica Deposit for Emerging
Lithium Ion Battery Technology
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 15, 2014) -
Larry W. Reaugh, President and Chief Executive Officer of American
Manganese Inc. ("American Manganese" or the "Company")
(TSX-VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM), is pleased to
report that the Company has acquired by staking the Koot mineral
claims: A high grade silica (SiO2) prospect. A research team at the
University of Southern California Viterbi School of Engineering
recently published their research results on silicon anodes in
Nano Letters, and as reported in the university's press
release (March 31, 2014): "Researchers at the University of
Southern California Viterbi School of Engineering of have improved
the performance and capacity of lithium batteries by developing
better-performing, cheaper materials for use in anodes and cathodes
(positive and negative electrodes, respectively). Traditionally,
lithium-ion batteries contain a graphite anode, but silicon has
recently emerged as a promising anode substitute because it is the
second most abundant element on earth and has a theoretical
capacity of 3600 milliamp hours per gram (mAh/g), almost 10 times
the capacity of graphite." Anodes made from ball-milled and
stain-etched metallurgical grade silicon nano-powder is an emerging
technology that could lead to cheaper and more efficient lithium
batteries.
Koot
Project:
Mr. Reaugh states, "The acquisition of this silica project
follows the Company's philosophy of finding superior value in
non-mainstream mineral projects in politically stable and
mining-friendly jurisdictions through the application of
state-of-the-art mineral science."
The Koot Project is located about 4 kilometers east-southeast of
Canal Flats, British Columbia, Canada in the Golden Mining
Division, about 2.5 kilometers east of Highway 95 and 3.5
kilometers east of the Canadian Pacific Rail line. The mineral
claims are underlain by the Lower Cambrian Cranbrook Formation. The
quartzite occurrence strikes north-south for a length of
approximately 400 meters (1312 feet). The property was owned and
explored by Cominco in the 1980's where 8 diamond drill holes
returned high grade SiO2 values over intervals ranging from 16.54
meters (54 feet) to 79.8 meters (262 feet) thick. Thirty-four 6.1
meter (20 foot) composites returned SiO2 values > 99% in 14
samples; between 99% and 98% in 18 samples; and between 98% and 97%
in 2 samples. The drill holes are sited on 2 knolls, and the
over-burden thickness range from 1.22 meters (4 feet) to 4.44
meters (14.5 feet), averaging 2.87 meters (8.8 feet).
Processing to convert high grade silica into a saleable product
includes: Quarrying, staged crushing, and thermal reduction of the
silica with carbon to produce high purity metallurgical grade
silicon (Si).
Mr. Reaugh states: "The Company remains committed to achieving
production of high purity Chemical Manganese Dioxide (CMD) and/or
Electrolytic Manganese Dioxide (EMD) from its Artillery Peak
Manganese project situated in Arizona. The potential of being a
secure supplier of materials for both the cathode (CMD or EMD) and
the anode (Si) is very advantageous for the Company.
According to Tesla's published timeline, the decision on the
location its proposed lithium ion battery Gigafactory should be
announced in the next few weeks. With the proposed Tesla
Gigafactory, and the recent General Motors announcement to invest
US $450 million in its Chevy Volt EV and battery manufacturing
facilities, I am confident in the growing consumer demand for
electric vehicles."
All of the historical estimates mentioned above may not be
compliant with National Instrument 43-101 and should not be relied
upon. A qualified person has not done sufficient work to classify
the historical estimates as current mineral resources or mineral
reserves and the Company is not treating the historical estimates
as current mineral resources or mineral reserves.
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 products from its Arizona
Manganese Project.
This release has been reviewed by Michael MacLeod, 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
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
"forward-looking statements", which are statements about the future
based on current expectations or beliefs. For this purpose,
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements by their nature involve
risks and uncertainties, and there can be no assurance that such
statements will prove to be accurate or true. Investors should not
place undue reliance on forward-looking statements. The Company
does not undertake any obligation to update forward-looking
statements except as required by law.
American Manganese Inc.Larry W. ReaughPresident and Chief
Executive
Officer604-531-9639lreaugh@amymn.comwww.americanmanganeseinc.com
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