American Manganese Inc. Acquires Silica Deposit for Emerging Lithium Ion Battery Technology
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
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 greater than 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
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer