American Manganese Announces Artillery Peak inSITE Video, Project Update
16 5월 2011 - 11:00PM
American Manganese Inc. (TSX-V:AMY) and Resource Intelligence Inc.
are pleased to announce the completion of an inSITE video featuring
the Artillery Peak manganese project. Watch the video now by
pasting the link below into your browser window:
http://www.resourceintelligence.net/?p=18401
Resource Intelligence's Executive Editor Doug Hadfield traveled
to Arizona to investigate American Manganese's prospects for
becoming the first and only electrolytic manganese producer in the
United States.
During the second world war, Time Magazine called manganese
America's number one strategic metal. Not much has changed: Few
investors are aware that manganese is the fourth most produced
metal in the world. It's absolutely vital and irreplaceable:
Without it, there would be no steel, aluminum alloys, cell phones
or cars as they are made today. That makes a large manganese
deposit like Artillery Peak particularly interesting. And here's
the crunch about the Artillery Peak project: 97% of all
electrolytic manganese metal (EMM) is produced in China, and China
is tightening its belt — not just on manganese exports, but on the
export of many strategic metals. Meanwhile, according to Manganese
Metal Company of South Africa, demand for EMM grew 26% per year
between 2003 and 2009. So whether the company sells to the US or
globally, there's no shortage of demand.
In order to take advantage of the nature of the ore at artillery
peak, American Manganese had Kemetco Research out of Canada develop
a new, patent pending, ultra low cost process for producing
Manganese. Watch the inSITE video to see our hosts demonstrate the
nature of the ore at Artillery Peak: brittle, friable rock that is
inexpensive to mine and process.
As a result — and here's what you have to remember about this
deposit — Artillery Peak will produce EMM for as low as $0.44 per
pound. Recent 2011 prices for EMM are $1.87 per pound. That's
amazing considering that the deposit has 6.69 billion pounds
indicated and another 8.9 billion pounds inferred manganese.
In the latest developments, American Manganese has contracted
Kemetco once again — this time to develop a low-cost method of
producing electrolytic manganese dioxide (EMD) for use in high tech
batteries. President and CEO Larry Reaugh expects results by
September 2011.
To find out more, visit www.AmericanManganeseInc.com
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Find out more at www.resourceintelligence.net
CONTACT: Grant Geall: 778-995-8138
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