Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMY” or the “Company”), (TSX.V: AMY | OTC-US: AMYZF | FSE: 2AM), is pleased to announce that the Company is working with Circulor Ltd. (“Circulor”) of London, England, to pilot blockchain technology in order to create a traceable and ethically sourced circular economy for electric vehicle (EV) battery metals, such as cobalt.
American Manganese Inc. CEO, Larry Reaugh says, “AMY and Circulor will be mapping the lifecycle of an EV battery and understanding the value flow through the production process and lifecycle. As well as providing a road map for AMY to source valuable lithium-ion batteries.”
The blockchain technology will create traceability of EV battery metals from the mine through their first use and then as they are recycled.
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