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Last C$0.02 CAD
Change Today -0.005 / -25.00%
Volume 13.5K
As of 12:57 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

american manganese inc (AMY) Snapshot

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09/4/14 - C$0.04
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american manganese inc (AMY) Details

American Manganese Inc. acquires, explores for, and develops mineral resource projects in Canada and the United States. It focuses on the production of electrolytic manganese for the steel and rechargeable battery markets. The company holds interest in the Artillery Peak manganese property in Arizona; and other manganese properties in British Columbia. It also holds interest in the Rocher Deboule property, an iron-oxide-copper-gold project; and the Brent and Lonnie niobium properties in British Columbia. The company was formerly known as Rocher Deboule Minerals Corporation and changed its name to American Manganese Inc. in January 2010. American Manganese Inc. was incorporated in 1987 and is headquartered in Surrey, Canada.

american manganese inc (AMY) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$100.3K
Chief Financial Officer
Total Annual Compensation: C$38.4K
Chief Operating Officer, Director and Member ...
Total Annual Compensation: C$47.9K
Compensation as of Fiscal Year 2013.

american manganese inc (AMY) Key Developments

American Manganese Inc Auditor Raises 'Going Concern' Doubt

American Manganese Inc filed its Annual on Nov 28, 2014 for the period ending Jul 31, 2014. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

American Manganese Inc Reports Review of its Artillery Peak Manganese Project, Located in Mohave County, Arizona

American Manganese Inc. reported that management has completed a review of its Artillery Peak Manganese Project, located in Mohave County, Arizona. American Manganese Inc. controls most of the known manganese resources within the Artillery Peak district. The Artillery Peak manganese district is one of the better known districts in the United States and management believes is the only advanced pure manganese project within the United States. Management has made the following recommendation for the advancement of the Artillery Peak Project: The focus will be on potential production of Chemical Manganese Dioxide (CMD); a patented direct hydrometallurgical process that does not require electro-winning or heavy use of electricity. The focus will be on potential production of Chemical Manganese Dioxide (CMD); a patented direct hydrometallurgical process that does not require electro-winning or heavy use of electricity. Defining higher grade resources in the Macgregor Pit area could reduce the overall project footprint. The NI 43-101 compliant pre-feasibility study on electrolytic manganese metal utilized indicated resources grading 2.20% Mn. Some of the better intercepts from the Macgregor Pit area, grading from 4.02% Mn over 27.44 meters (90 feet) to 7.23% Mn over 6.09 meters (20 feet) suggests the existence of higher grade resources. Changing the production from 50,000 tonnes/year of electrolytic manganese metal to 30,000 tonnes/year of CMD, could further reduce the project foot print by up to 60%, as CMD consumes only 18,965 tonnes/year of manganese. Management's strategy for advancing the Artillery Peak Project includes initially drilling to define higher grade resources; after which a preliminary economic assessment (PEA) will be undertaken.

American Manganese Inc. Acquires Silica Deposit for Emerging Lithium Ion Battery Technology

American Manganese Inc. reported that the company has acquired by staking the Koot mineral claims: a high grade silica (SiO(2)) 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. 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 3,600 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. 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 SiO(2) 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 SiO(2) 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).


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