TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.
Investors are constantly on the hunt for new, undiscovered or undervalued opportunities.
In my opinion, the American Manganese story would easily fit this description.
American Manganese Inc. (AMI) trades on the TSX Venture under the symbol AMY and in the U.S. markets on the pink sheets as AMYZF.
The company currently has a market capitalization of approximately C$30.5 million with 150 million shares outstanding. So by many standards a very small company.
Many investors tend to shy away from small companies, particularly if they are trading on the Venture Exchange, but, in my opinion, that would be a big mistake with AMI.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of American Manganese Inc. toward the examination of applying its patented technology for other purposes and materials. American Manganese Inc. aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese.
“American Manganese inc., has successfully completed proof of concept testing and filed for the US Provisional Patent Application and is presently studying potential downstream benefits to guide the Company’s next phase of work. The Company has successfully recycled lithium cobalt cathode material, and is working with Kemetco Research Inc to complete recycling bench tests on nickel, aluminum and manganese cathode chemistries and cobalt ores. Work to date suggests high recovery rates of materials at industry-standard purity levels, ready for reuse.”
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