Metals & Mining M&A » By The Online Investor Staff, updated Fri., Jul. 3, 5:59 PM
Recent mergers and acquisitions in the Metals & Mining M&A category.
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Slide #19. American Manganese Inc. — Silica Deposit for Emerging Lithium Ion Battery Technology
Acquirer:
American Manganese Inc. (CVE:AMY.CA)
Acquiree:
Silica Deposit for Emerging Lithium Ion Battery Technology
Details:
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. ("American Manganese" or the "Company") (TSX VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM), is pleased to report that the Company has acquired by staking the Koot mineral claims: A high grade silica (SiO2) prospect. A research team at the University of Southern California Viterbi School of Engineering recently published their research results on silicon anodes in Nano Letters, and as reported in the university's press release (March 31, 2014): "Researchers at the University of Southern California Viterbi School of Engineering of have improved the performance and capacity of lithium batteries by developing better-performing, cheaper materials for use in anodes and cathodes (positive and negative electrodes, respectively). Traditionally, lithium-ion batteries contain a graphite anode, but silicon has recently emerged as a promising anode substitute because it is the second most abundant element on earth and has a theoretical capacity of 3600 milliamp hours per gram (mAh/g), almost 10 times the capacity of graphite." Anodes made from ball-milled and stain-etched metallurgical grade silicon nano-powder is an emerging technology that could lead to cheaper and more efficient lithium batteries.
American Manganese is in the exploration stage of developing mineral property interests. Co. has exploration projects in British Columbia, Canada and Arizona, the United States.
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