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Renewables & cleantech

American Manganese receives funding to advance lithium-ion battery recycling pilot project

The National Research Council of Canada Industrial Research Assistance Program will provide the funding in collaboration with Italvolt

American Manganese Inc has received advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a lithium-ion battery recycling pilot project.

The company said the funding will be delivered through NRC IRAP's Fast Pilot in Foreign Markets program, designed to help innovative Canadian small and medium-sized businesses overcome barriers to global market entry and facilitate direct adoption of technology in foreign markets.

In collaboration with Italvolt, American Manganese said it will model, commission, and test a lithium-ion battery cathode material recycling demonstration plant to include continuous operation with specific cathode waste processing objectives, such as capacity, extraction efficiency, and material purity.

READ: American Manganese moves closer to potential electrolytic manganese production using Wenden stockpile material

American Manganese noted that Italvolt plans to build one of Europe's largest lithium-ion battery Gigafactory in Scarmagno, Italy. In March 2021, the company signed a Memorandum of Understanding with Italvolt to collaborate on developing a commercial recycling plant using its patented RecycLiCo technology, alongside Italvolt's Gigafactory.

"The collaboration with American Manganese is about to significantly accelerate our goals to become fully sustainable battery manufacturer," said Lars Carlstrom, founder and CEO of Italvolt, in a statement.

"We are very impressed with the innovation and skills the collaboration can add to Italvolt, the circular economy is no longer just a vision it's about to become a reality, AMY will set new standards for the industry and we at Italvolt are very proud to be a part of this project."

Larry Reaugh, CEO of American Manganese, added: "Lithium-ion battery waste is a global concern, and we are thankful for the FPFM program and the opportunity to collaborate with Italvolt and validate our RecycLiCo process to the global market. We are extremely pleased with the support from NRC IRAP."

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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