Wednesday 15th July 2020

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American Manganese Inc (AMY:CA)

Company Overview

American Manganese (TSX.V: AMY/U.S. Pinks: AMYZF) is a junior Development company that is focused on electrolytic manganese production from the Artillery Peak NI-43101 Resource which contains 13.830 billion lbs. (Indicated) and 3.531 billion pounds (Inferred) of Manganese. American Manganese Inc. has contracted a Prefeasibility Study with Wardrop Engineering on the Artillery Peak project located in the Mohave County, Arizona. There is no domestic supply in North America and because the element is necessary to produce steel, manganese is critical to the steel industry. A NI 43-101 Preliminary Assessment indicates that AMY could be the world's lowest-cost electrolytic manganese (EMM) producer at $0.44/lb.—half the price of that produced in China. *China controls 97% of the Electrolytic Manganese market.

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