The metals sector is quite big but within the sector, there is a small niche of companies that are regarded as critical metal companies and many of those companies could prove to be quite interesting for investors. One of the critical metal companies that investors could do well to follow at this point in time is American Manganese Inc (OTCMKTS:AMYZF) (TSX:AMY.V).
About American Manganese
The company is involved in both upcycling and recycling battery waste from lithium ion and turning it into battery cathode materials. The materials in question are high in value. In order to conduct the whole thing, American Manganese uses RecycLiCo, which is a closed-loop process. The number of processing steps are minimal and helps in the extraction of as much as 99% of the waste, which, in turn, can be used for integrating into the re-manufacturing process of the lithium-ion batteries.
Interest investors however need to take a look at some of the latest developments in order to have a better idea about the company and the stock.
Receives Additional Advisory Services and Funding to Advance Demonstration Plant Project
Earlier on in the month of January 5 the company announced that it managed to get more funding and also advisory services from the National Research Council of Canada Industrial Research Assistance Program.
The additional support is going to be provided to the development project, titled, ‘Demonstration of Continuous Recycling of Cathode Material from Lithium-ion Battery Production Scrap’, that had been launched by American Manganese back in August last year.
American Manganese Reviews 2021 Highlights
On the other hand, back on December 22, 2021, the company had also provided a review of its activities for the year 2021. In the review, the company mentioned some of the milestones that had made the position of American Manganese strategically stronger. One of the major highlights for the company in 2021 was the production of lithium sulphate with a purity level of as much as 99.99%.
On the other hand, American Manganese also started the preparation, modeling, and design with regard to the demonstration plant for RecycLiCo. It is clear to see that the company is possibly moving in a promising direction at this point and it may be a good time to start tracking it a bit more closely.