American Manganese Inc.: Boeing 787 Dreamliner Lithium Ion Batteries
Based on Cobalt Not Manganese
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/22/13 -- Larry W.
Reaugh, Chief Executive Officer of American Manganese Inc. ("American
Manganese" or the "Company"), (TSX
VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM), reports that the
Company has received numerous shareholder queries and calls regarding
the type of Lithiated Ion battery utilized by the Boeing Dreamliner
787 which resulted in battery fires and grounding by the Federal
Green Car Report states lithium ion batteries are a family of
products having very different performance characteristics resulting
from incorporating specific alloying metals into the battery
chemistry. Lithium plus manganese or/and nickel (or other metals)
typically carry less energy per volume than lithium plus cobalt, but
are widely viewed as less susceptible to overheating. The battery
chemistry utilized by the Dreamliner was Lithium Cobalt Dioxide
(LiCoO2); similar to that used in laptop computers and cell phones.
American Manganese Inc.'s ("AMY") product would be Lithium Manganese
Dioxide (LiMn2O4), or spinel, similar to rechargeable batteries used
in the Chevy Volt. Both of these battery chemistries come under the
generic heading "lithium Ion Batteries".
AMY's focus has been to produce high purity Electrolytic Manganese
Dioxide ("EMD") or Chemical Manganese Dioxide ("CMD") for the
Rechargeable Lithium Manganese Battery Industry utilizing their
patent pending process. Bloomberg Business Week reports short
circuits caused by rogue metal particals in the battery material that
may cause shorts once in a very long time.
Norm Chow, P.Eng. - President and Chief Executive Officer of Kemetco
Research Inc. says: "while researchers have made significant advances
in materials used to improve performance of the lithium ion
batteries, often overlooked are the importance of mining processes to
produce raw materials which are later refined to battery grade
materials. A critical issue is that conventional mining processes
introduce metallic impurities in raw materials. These metallic
impurities are known to cause internal short circuits resulting in
thermal run-away, which by-passes protection circuits implemented for
safety. This unfortunately leads to explosions and fires in some
cases. The tolerances for these impurities are so low that there are
no known methods to reliably test their presence.
In 2012, American Manganese was the only mining company that
presented at the Battery 2012 conference in Denver, Colorado and is
currently one of the leaders developing mining technology for
improved raw materials for lithium ion batteries. American Manganese
has made significant progress in advancing their hydrometallurgical
process to make these critical raw materials by avoiding steps that
are known to introduce metallic impurities. Prototype batteries have
been produced and R&D will be advancing to the next stage."
Currently AMY is seeking strategic partnerships and research and
development grants to further efforts on producing cleaner high
purity products to supply the Lithium Ion Battery market.
About Kemetco Research Inc.
Kemetco Research is a privately owned contract Research and
Development Company specializing in extractive metallurgy, chemical
processing and specialty chemical analysis. Kemetco was formed after
the acquisition of the Industrial Process Division of BC Research. BC
Research had been in operation for over 60 years as an R&D contractor
in British Columbia, Canada.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal
Company focusing on potentially becoming a producer of high purity
EMD and CMD for the battery industry.
This release has been reviewed by John W. Fisher, PEng, 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.
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer
American Manganese Inc.
604-531-9639 ext. 110
firstname.lastname@example.org or email@example.com
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