AMY has Attention of U.S. Energy Secretary!

NIA has previously announced two technology stock suggestions related to EV batteries and the high cost of the raw materials required to produce them. NIA’s first EV battery technology stock suggestion was Nano One Materials Corp (TSXV: NNO) at $1.48 per share. Last week, NNO reached a new all-time high of $3.46 per share for a gain of 133.78% from NIA’s suggestion price.  NIA’s second EV battery technology stock suggestion was American Manganese (TSXV: AMY) and the company has been making tremendous progress in recent months!

AMY is working towards the commercialization of its patented lithium-ion battery cathode material recycling technology. Recent engineering upgrades to the pilot version of its lithium-ion battery cathode recycling plant have successfully increased its capacity by 150% from 64 kg/day up to 160 kg/day, without sacrificing the recovery potential of cobalt, lithium, nickel, manganese, and aluminum.  This gives AMY confidence in their ability to scale up to a planned commercial processing capacity of 3 tonnes/day.

AMY plans to commercialize its RecycLiCo™ Patented Process via licensing or joint venture agreements and plans to locate the recycling plant in a strategic location within North America, where it will prepare recycled products suitable for battery manufacturing.

The U.S. Secretary of Energy recently acknowledged the huge progress that AMY has been making. Secretary Brouillete wrote in an article that, "There are two promising developments on recycling out of our labs." He explained that one of the two promising developments involves, recovering nickel, cobalt, and manganese from disassembled electric vehicle battery packs. A recent American Manganese Inc. project, on which DOE partnered, generated recycled products with purities greater than 98-percent of the 3 critical minerals.”

AMY’s technology is protected by six issued patents and the company has an additional seven patents filed. Last year, AMY received U.S. patent US10308523B1 entitled, ‘Processing of cobaltous sulphate/dithionate liquors derived from cobalt resource’.

We are about to see an exponential increase in the number of EV batteries that need to be recycled each year and we expect AMY to become a leader in this brand new emerging growth industry.

On June 17th, AMY surpassed its $0.15 per share resistance level by gaining 13.33% to $0.17 per share. On July 2nd, AMY surpassed its 200-day moving average of $0.1792 per share by gaining 14.29% to $0.20 per share on volume of 1.382 million shares its highest volume day of 2020. After dipping on July 14th to $0.18 per share where it closed on eight straight trading days, AMY on Friday gained by 8.33% to $0.195 per share on its strongest volume in three weeks.

AMY has 180.74 million shares outstanding for a current market cap of CAD$35.24 million or USD$26.27 million. For comparison, our NNO peaked on Wednesday with a market cap of CAD$272.44 million or USD$203.12 million.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from AMY of USD$30,000 cash for a six-month marketing contract. NIA has received compensation from NNO of USD$20,000 cash for a one-month marketing contract which has since expired. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.