American Manganese Inc. (TSX-V:AMY, OTCQB:AMYZF), doing business as RecycLiCo Battery Materials, has announced that its founder, president and chief executive officer Larry W Reaugh has passed away.
Reaugh was “an accomplished and well-known figure in the mining industry”, who was instrumental in turning the company's proprietary hydrometallurgical process from a manganese recovery technique to an innovative battery recycling-upcycling solution, known as the RecycLiCo patented process, the company said.
It has appointed Zarko Meseldzija, currently a director and its chief technology officer, as interim CEO, while director Paul Hildebrand will become interim chair of the board. Chief financial officer Shaheem Ali has been appointed a director to fill the vacancy on the board.
"Throughout his career, Larry demonstrated great perseverance and resolve," said Hildebrand in a statement. "His efforts have given the company an exciting opportunity at the forefront of an emerging green energy field. On behalf of the board of directors, I wish to express our condolences to the Reaugh family, and our gratitude for Larry's hard work for so many years."
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Meseldzija added: "Having worked side by side with Larry for several years, I can confidently say that Larry was a great leader and mentor to many of us."
“Under his direction, we have grown as a pioneer in the lithium-ion battery recycling industry and our team stands ready to ensure that his vision is carried out, and that the interests of the company's shareholders are looked after. Larry will be sincerely missed, and we extend our deepest condolences to the entire Reaugh family," he concluded.
American Manganese is a battery materials company focused on recycling and upcycling lithium-ion battery waste.
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