American Manganese Inc ("Company"), (TSX.V:AMY)(OTCQB:AMYZF)(FSE:2AM), doing business as RecycLiCo Battery Materials, is pleased to report the results of its 2022 Annual General and Special Meeting. At the meeting, shareholders re-elected Larry W. Reaugh, Andris Kikauka, Edward Skoda, Paul Hildebrand, and Zarko Meseldzija as directors of the Company for the ensuing year. DeVisser Gray, Chartered Accountants were reappointed as auditors of the Company
Norman Tribe, who did not stand for re-election at the meeting,has served as a director of the Company since 2014. Mr. Tribe has been a valuable resource for American Manganese, with his expertise in the field of geophysics. AMY thanks Norm for his many years of assistance and guidance and wishes him good health and prosperity in the future.
In addition, a special resolution was passed at the meeting resolving that the name of the Company be changed to "Recyclico Battery Materials Inc.", subject to the acceptance of the TSX Venture Exchange.
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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It’s no secret that lithium-ion batteries power the modern world, and all signs point to them being an absolute necessity for future technology. The global market for lithium-ion batteries is anticipated to register a CAGR of 20.1 percent between 2021-2026, resulting in a market size of US$168 billion in 2026, a substantial increase from US$46.8 billion in 2019. The stationary energy storage market is expected to drive the market growth, with applications reaching across many industries, from telecoms to solar power generation systems. Lithium-ion batteries are so important to the future that US President Biden issued an executive order declaring a list of metals that are critical to the United States, signaling the vital importance of these metals.
Scientists and engineers around the world are racing towards the development of various lithium-ion battery recycling techniques. The projected surge in demand for these batteries creates an accompanying surge in batteries that need to be recycled 5-8 years later. Much of the research into recycling lithium-ion batteries focuses on reclaiming batteries and giving them second-life applications. However, there are other opportunities to create profitable upcycling processes that make use of production scrap and other waste materials. These recycling and upcycling processes focus on extracting valuable materials from lithium-ion batteries that can be directly used in the production of new batteries.
American Manganese Inc. (TSXV:AMY,OTCQB:AMYZF,FSE:2AM) is a technology and critical metals-driven company that is focused on advanced lithium-ion battery upcycling. The company owns two patents (US Patent No. 10,246,343 and US Patent No. 10,308,523) that power its innovative upcycling process. It also owns patents for this process in Japan and Korea. This closed-loop process takes battery manufacturing waste and end-of-life batteries and upcycles them into a high-value cathode precursor material. The company also has three mining projects located in the United States and Canada.
Lithium-ion batteries are a 31 percent active cathode material, which is a combination of lithium, nickel, manganese and cobalt. For example, modern cathodes such as lithium nickel manganese cobalt oxide and lithium nickel cobalt aluminum oxide are used in electric vehicles today. The cost of the active cathode material represents 25 percent of the total costs of lithium-ion batteries. This makes the active cathode material an important aspect of lithium-ion battery manufacturing. American Manganese has pioneered a process, called RecycLiCo, that takes battery cathode production waste and black mass from end-of-life batteries and upcycles it into high value cathode precursor material that can be directly integrated into the battery manufacturing process.
RecycLiCo is the company’s flagship project and a clear indicator of the renewed direction of the company. While American Manganese began as a mining company, they’ve since pivoted to developing and commercializing its patented upcycling process. The process is focused on “black mass” a dark substance that’s created by mechanical size reduction of end-of-life batteries and battery production wastes. Black mass is used in the RecycLiCo process to recover 99 percent of lithium, cobalt, nickel and manganese, which is astounding compared to the alternative which recovers no lithium and only 40-60 percent of nickel and cobalt.
“Generally, you can mechanically break down a battery into its individual components but we differentiate [between recycling and upcycling] by creating a higher-value product. That’s exactly what we’re doing with the production of the cathode precursor. We highlight the importance of reducing the amount of steps and going directly into a higher-value product,” said Zarko Meseldzija, chief technology officer, in a recent interview.
The current roadmap for the RecycLiCo process is to grow the project from a pilot plant and R&D into a demonstration plant. The company has committed $2.7 million towards the construction and testing of its demonstration plant which plans to further de-risk the process scale-up. Assuming the success of a demonstration plant, the next step is to create a commercial plant, which will cost an estimated $15-20 million. At this time, the company will explore licensing and joint development partnerships to further expand. In October 2021, American Manganese closed a $20 million financing with institutional investors to go towards its road to commercialization.
The RecycLiCo™ Patented Process: Innovative Lithium-ion Battery Recycling
RecycLiCo is a patented process for the upcycling of lithium-ion battery black mass and scrap materials. Black mass is created by mechanical size reduction of end-of-life lithium-ion batteries that contains valuable and critical materials such as lithium, nickel, manganese, and cobalt.
The RecycLiCo process extracts over 99% of lithium, cobalt, nickel and manganese from lithium-ion battery cathode materials. It is planned to directly integrate the upcycled materials into the re-manufacturing of lithium-ion batteries in gigafactories located around the world.
The existing alternative to RecycLiCo’s process is smelting. This process generates 2 tonnes of CO2 per tonne of metal, making it environmentally unsound. From a strictly financial perspective, smelting only recovers about 40-60% of the nickel and cobalt in lithium-ion batteries and does not recover any lithium. There are also specific additional steps and further refining that must take place before a usable product is created.
The RecycLiCo process is patented in the United States, Japan and Korea. American Manganese has already proven that their process works in a pilot plant. The next phase of the operation is to build a demonstration plant with a 500 kilogram/day capacity of lithium-ion battery cathode scrap material. Once this demonstration plant has fully illustrated the economic feasibility of the process, the next step is to develop a commercial plant capable of processing 5 tonnes/day.
In October 2020, the United States Defense Logistics Agency (DLA) awarded American Manganese a grant to perform lab-scale work on the United States Government’s manganese ore stockpile located near Wenden, Arizona, with the goal of confirming the viability of using the Company’s patented hydrometallurgical process to produce electrolytic manganese metal (EMM) from the stockpile.
Manganese is listed by the U.S. Government as a critical mineral, one of 14 minerals or metals for which the U.S. is 100% import dependent. EMM is on the acquisition list for the U.S. National Defense Stockpile. The global manganese market is greater than 41 billion pounds per year, with manganese the world’s fourth most-traded metal. There is no substitute for manganese in the production of steel.
Larry Reaugh has 55+ years’ experience in the mining industry and for the past thirty-seven years he has been the CEO and President of several exploration, development and production companies including 12 years in internet and technology breakthroughs listed on the TSX, TSX Venture and NASDAQ exchanges. Several of his companies have made significant discoveries, three of which (gold/silver) went on to be producing mines. Reaugh founded American Manganese Inc. in 1998 and has served as its President and CEO since that time. Through his career, Mr. Reaugh has raised in excess of $300 million.
Shaheem Ali is a finance and business management professional with 10 years’ experience in operations management, full cycle accounting, systems development and people management. Proven record of implementing financial and operational processes reducing operations costs and improved internal controls with Alderwoods Group Inc. where his experience includes governance and regulatory fund compliance with various states.
Zarko Meseldzija has a range of industry experience working with one of Canada’s largest energy companies and an innovation-driven process systems company. Meseldzija has deep insight into project management of multi-million-dollar projects and hydrometallurgical process development projects. He is also an owner of an independent consulting firm that focuses on the entire life cycle of the lithium-ion battery supply chain, including the recycling of critical materials. Meseldzija holds a BSc. in Mining Engineering from the University of Alberta and is a registered engineer with the Engineers and Geoscientists of British Columbia. He obtained his Management of Technology MBA from the Beedie School of Business with a focus on sustainability and innovation.
Teresa Piorun has been with the Reaugh Group of Companies for thirty years. Piorun is a senior corporate officer with wide-ranging responsibilities, serving as a focal point for communication with the board of directors, senior management and the company’s shareholders, and occupies a key role in the administration of critical corporate matters. She is the confidant and advisor to the CEO and other members of senior management, particularly on corporate governance affairs.
Dr. Hildebrand has been a practicing lawyer in British Columbia for over 40 years and has a doctorate in economics in addition to his law degree and Master of Science degree in mathematics. He was previously a director of AMY from 2007 to 2013.
LCA was Conducted in Accordance with ISO Standards and Critically Reviewed by Independent Experts
American Manganese Inc (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("Company"), doing business as RecycLiCo Battery Materials, is pleased to announce the results of a life cycle assessment (LCA) completed by Minviro Ltd. ("Minviro"), a UK-based and globally recognized sustainability and life cycle assessment consultancy, on the Company's lithium-ion battery recycling-upcycling process
An LCA is a standardized, scientific method for quantifying the direct and embodied environmental impacts associated with a particular product or process. By considering all material and energy inputs such as scope 1, 2 and 3 CO2 emissions. The LCA was conducted in accordance with ISO-14040:2006 and ISO-14044:2006 standards and a critical review was conducted on the LCA by independent experts. The LCA was carried out with a combination of data provided by RecycLiCo and public databases.
The report assesses the Company's process against competing hydrometallurgical recycling methods, on the basis of producing one kilogram of NMC precursor material, as follows:
"Global Warming Potential" refers to the potential CO2 equivalent emissions made by a particular recycling method, in producing one kilogram of NMC precursor material. As shown in the table, competing hydrometallurgical recycling methods will likely produce 166% more CO2 equivalent emissions when compared to the RecycLiCo process. To put this into context, such a variance is about the same as 17,000 tons of CO2 per GWh of NMC battery material recycled, which is roughly equivalent to the amount of emissions made by 3,700 vehicles in a year on average.1
Minviro also found that the RecycLiCo process, when compared against the industry average for primary extraction methods (i.e. mining), results in a 35% reduction in CO2 equivalent emissions for NMC precursor production and a 74% reduction for lithium hydroxide production.
"I am pleased to report that the LCA results confirm RecycLiCo's lower environmental impact to produce NMC precursor and lithium hydroxide, when compared to primary raw material extraction methods or competing hydrometallurgical recycling," said Larry Reaugh, the Company's President and CEO. "To collectively achieve true decarbonization as an industry, we must not cut corners at any stage of the lithium-ion battery supply chain and should instead recognize the most efficient and environmentally friendly technologies as an industry benchmark."
Minviro is a London-based and globally recognized consultancy and technology company specializing in carrying out life cycle assessments in the technology metal space. The company provides quantitative environmental and climate impact data for mineral resource projects, battery manufacturers and OEMs to make environmentally informed decisions (www.minviro.com).
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
On behalf of Management American Manganese Inc.
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
1 Calculations are made by the Company and based on statistics found at https://www.epa.gov/greenvehicles/greenhouse-gas-emissions-typical-passenger-vehicle
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American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company"), a pioneer in advanced and environmentally friendly lithium-ion battery cathode recycling-upcycling, is pleased to provide an update on its technology and partnership development strategy
American Manganese has produced and delivered NMC-811 (nickel manganese cobalt oxide) cathode precursor material samples to its active third-party collaborators in North America, Europe, and Asia. The feedstock material for the cathode precursor was black mass originating from waste electric vehicle batteries.
The cathode precursor is a high-value and specifically engineered material that commonly contains nickel, cobalt, and manganese, which turns into a cathode with the addition of lithium. The cathode precursor material will be independently analyzed and built into battery cells to benchmark against cathode precursors from virgin mined materials. AMY's internal analysis indicates that the cathode precursor specifications are within desired industry ranges.
"We are maintaining an active collaboration with players in the growing battery industry with our continuous lab-scale research, while we work in parallel to prepare our demonstration plant for scaled-up and continuous operation," said Larry Reaugh, President and CEO of American Manganese. "We believe our lithium-ion battery recycling and upcycling technology enables a circular solution for the battery supply chain, and we aim to strengthen our relationship with the various collaborators."
NMC-811 Precursor Cathode Active Material from Recycled Battery Waste
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
American Manganese Inc. Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company") has rescheduled its annual general and special meeting of shareholders (the "Meeting") to July 8, 2022, at 11:00 a.m. Further details on the meeting will be contained in a new Notice of Meeting and the management information circular that will be mailed to shareholders and filed on SEDAR
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
On behalf of Management American Manganese Inc.
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: Lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company") is pleased to have been selected as 1 of 15 finalists, among more than 120 companies, to meet with decision-makers of different business lines at Evonik Industries AG ("Evonik"), a leading specialty chemicals company. American Manganese will be presenting its patented lithium-ion battery recycling technology, RecycLiCo, at the upcoming Evonik Battery Solutions Day hosted by the Massachusetts Institute of Technology (MIT
Evonik, in collaboration with Blumorpho, is exploring potential collaboration and investment opportunities with organizations that demonstrate a high level of differentiation and strong value proposition across multiple battery solutions. Evonik is facilitating round table meetings on business discussions that will take place at MIT on May 4th and 5th, 2022.
"We are proud to be selected as 1 of 15 finalists focused on battery solutions, and we are told that American Manganese's application has raised high interest from multiple teams within Evonik," said Larry Reaugh, President and CEO of American Manganese Inc. "We will look to meet and generate high-value synergies between our RecycLiCo technology and Evonik's innovation activities and investment opportunities."
Evonik Industries AG is a chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world. Evonik is also a founder member of the Together for Sustainability initiative, which focuses in promoting sustainability practices across the chemical industry's supply chains.
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
American Manganese Inc. Larry W. Reaugh, President and Chief Executive Officer Phone: 778-574-4444 Email: Lreaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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(This release corrects and replaces the release distributed March 29, 2022 at 6:20 pm ET. The previous release was missing the seventh paragraph and is corrected below.)
American Manganese receives Drill Permits for Rocher Deboule from Ministry of Energy, Mines and Low Carbon Innovation
American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) reports Vent Zone IP Geophysics Identifies High Chargeability and coincident and Significant Rare Earth Values on Rocher Deboule Cu-Au-AgProject
The Vent Zone alteration consists of chlorite-quartz-carbonate-garnet-clay hosted in and esiticflows/tuffs (porphyritic) of Upper Cretaceous Kasalka Group Brian Boru Formation. SGH (spatiotemporal geochemical hydrocarbon) surveys carried out in 2017 resulted in redox cell (6.0 out of 6.0 rating), and copper-gold anomalous zones (5.0 out of 6.0 rating) that coincide with the redox cell anomaly.In 2021, pole-dipole array IP Geophysics on "Vent Zone" target identified elevated chargeability (>30mV/V), which correlates with the redox-cell soil hydrocarbon anomaly. Widespread, disseminated sulphides (mostly fine grain pyrite) are present in the portions of the Vent Zone. IP survey high chargeability and coincident low resistivity on west portion of grid area are interpreted extent of Vent Zone. In the central part of the IP survey area, relatively strong chargeability and low resistivity increases at depths of approximately 100-200 meters (328-656 feet). The Vent Zone has positive Cu- Au-Ag-Co-REE soil geochemical anomalies and is interpreted as an Iron-Oxide Copper-Gold (IOCG) occurrence.
A total of 5 rock chip samples (ranging from 0.55-1.44 kgs in weight) were taken from outcrop (sampled intervals ranging from 15-35 centimeters) near the Rocher Mine area (proposed drilling of "Main Zone" No 4 & 3 Veins) and shipped to ALS Canada Ltd for ME-MS61r four acid multi-element ICP-MS + REE, and AuICP21Au 30-gram Fire Assay ICP-AES finish (certificate VA 21172433). The following significant results are listed:
Rock chip sample geochemical analysis results indicate massive and semi-massive chalcopyrite-pyrite mineralization (with minor bornite and molybdenite) contain significant rare earth elements (REE elements Ce- La-Nd-Pr are listed above). The Rocher Mine No 2 & 4 Veins are considered primarily as vein type (tabular shaped)copper resources accompanied by silver, gold and rare earth element bearing minerals. The distribution of rare earth elements (La-Ce-Sc-Y-Pr-Nd-Pm-Sm-Eu-Gd-Tb-Dy-Ho-Er-Tm-Yb-Lu) are associated with silicified fault zones that have magnetite and massive sulphide.Sulphides & REE do not correlate well. It is unclear whetherrare earth bearing minerals are associated with sulphide minerals or re-distributed (re-mobilized) from earlier geological (e.g., pegmatitic phase) events, or a combination of both. Rare earth elements weakly correlate with increased P, and U/Th. Note- U values ranging between 1.1-19.7 ppm uranium and Th values ranging between 0.12-13.9 ppm thorium are well below threshold values of 100 ppm U.
The two main deposit types are observed at the Rocher Mine No 4 & 2 Veins:
A drill program is planned on the Rocher Mine 2 & 4 Veins and Vent Zones for 2022.
"The BC Mineral Permit application has been laborious to complete, but is another potential catalyst for advancing the company's agenda in critical metals, such as rare earths and copper," said Larry Reaugh, President and CEO of American Manganese. "This does not take away any of the focus on the company's lithium-ion battery recycling technology, RecycLiCo."
Andris Kikauka (P. Geo.), Director for American Manganese Inc, has prepared, reviewed, and approved technical information in this press release. Mr. Kikauka is a non-independent Qualified Person adhering to National Instrument 43-101 reporting standards.
On behalf of Management American Manganese Inc.
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email:reaugh@amymn.com
www.americanmanganeseinc.com www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose,statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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ScreenPro Security Inc. (CSE: SCRN) (OTCQB: SCRSF) ("ScreenPro" or the "Company") is pleased to announce its monthly COVID-19 testing operations have increased by 10% since January 2022. The Company started its year with approximately 19,000 tests administered and has now reached approximately 21,000 tests in June 2022.
The testing growth and demand is fueled by the seventh wave Canadians are now facing as experts suggest the new submerged Omicron variant, BA.5 has caused the newest spike in infections. (Source: https://globalnews.ca/news/8994313/long-term-care-covid-outbreak-spike-7th-wave-canada/)
The Science Table reports that the wave likely began early June with cases soon to peak. With an increase of 52 percent of people hospitalized due to COVID-19, testing for the virus is vital now more than ever. Ontario's Chief Medical Officer of Health, Dr. Kieran Moore reports that Omicron variants, including BA.5, have impacted the sensitivity of a standard rapid antigen test, reducing sensitivity and accuracy to 50 to 60 per cent. The PCR test is now the most accurate test to detect COVID-19 and the newest variants. (Source: https://www.cp24.com/news/everything-you-need-to-know-about-the-subvariant-now-driving-a-seventh-wave-of-covid-19-in-ontario-1.5987934)
"As the latest data shows that rapid antigen testing is not as sensitive for detecting the virus compared to PCR testing, we are pleased to share that we have access to the most precise PCR testing to detect new variants. As Canadians face a seventh wave of Covid with stronger mutations, ScreenPro is equipped to detect accuracy and deliver results to maintain safety," said Lena Kozovski, CEO of the Company.
ScreenPro is a medical technology company that provides turnkey screening solutions with its proprietary medical alerting software. ScreenPro's unique access to multiple manufacturers of high-quality test kits and its strategic partnership with labs in British Columbia, Ontario and Quebec allows ScreenPro to be a full-service nationwide provider of COVID testing and breast cancer screening solutions across Canada. In addition, ScreenPro's subsidiary, Concierge Medical, is a group of board-certified physicians who provide private, discreet, and personalized healthcare to Canadians. ScreenPro prides itself in having its own medical doctors and nursing professionals with on the ground support staff and transportation, with access to high quality PPEs to ensure that clients are protected in all aspects of their testing needs. For additional information on ScreenPro and other corporate information, please visit the Company's website at www.screenprosecurity.com
For more information about the Company, please refer to the Company's profile on SEDAR at www.sedar.com.
Neither the Canadian Securities Exchange (the "CSE") nor it's Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Priya Monique Atwal, Director of Communications
Certain statements contained in this news release may constitute forward‐looking information, including statements relating to expectations regarding the acquisition and business of Concierge Medical Consultants Inc. and the future development of ScreenPro's business. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The actual results of ScreenPro could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which ScreenPro operates, prevailing economic conditions, changes to ScreenPro's strategic growth plans, and other factors, many of which are beyond the control of ScreenPro. Management of ScreenPro believes that the expectations reflected in the forward‐looking information herein are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents ScreenPro's expectations as of the date hereof and is subject to change after such date. ScreenPro disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131224
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~Montfort's TIMIA Capital and Pivot Financial book record origination and distribution of private credit financing facilities in the first half of 2022~
Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, today provided an update on its consolidated loan book activity for the first half of 2022. Montfort is made up of two operating entities: TIMIA Capital (TIMIA) which offers revenue-based tech loans to fast growing, business-to-business Software-as-a-Service (or SaaS) businesses in North America and Pivot Financial (Pivot) which specializes in asset-based private credit targeting mid-market borrowers in Canada . The Company deploys funds on behalf of limited partnerships, institutions, retail investors, high net worth individuals, its management team and shareholders. The Company acquired Pivot Financial in September 2021 .
For the first half of 2022, Montfort's consolidated loan book activity included the following:
During the same period, Montfort reports that TIMIA's loan origination multiple, a method of measuring the efficiency of closing loan transactions with the cost to underwrite and manage the new loans, has increased to its highest level since the company was founded in 2015. This record level of efficiency is an indication of the performance of the underlying loan origination platform, driving an increase in loan origination transactions while keeping costs in check.
"TIMIA and Pivot are experiencing substantial organic growth in their respective private credit markets," said Mike Walkinshaw , CEO of TIMIA. "Our investment in both our loan origination and management platform and our people is paying off as we continue to see an acceleration in deal generation. TIMIA has generated more investment transactions in the first six months of 2022 than all of 2021. Pivot has also continued to grow organically adding over $33 million of asset-based private loans in the first half of 2022. As we execute our growth strategy we are working diligently to close two previously announced acquisitions including Brightpath Capital, one of Canada's leading private providers of residential mortgages focused on Ontario and British Columbia ."
The Company also reports that eight previously reported non-dilutive financing facilities for growing US-based SaaS companies have been paid out. The exit of these eight financings are expected to return $18.6 million of capital and generate, in addition to interest earned, a combined gain of approximately $650,000 which will positively impact the Company's consolidated results. Pivot recorded $21.6 million in loan maturities.
The previously announced proposed acquisition of Brightpath Capital and a specialty finance company are currently subject to non-binding letters of intent. Since signing the non-binding letters of intent, the Company has undertaken due diligence and has proceeded with negotiation of definitive transaction agreements, which are expected to close in July for Brightpathand in the near term for the specialty finance company.
Montfort manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee related performance. Montfort facilitates transparency for all of its investors through public company reporting. For further information, please visit www.montfortcapital.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the company, the Company's future financial performance and the completion of the Company's previously announced acquisitions.
Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company; assumptions regarding the Company's ability to complete its previously announced acquisitions on terms favourable to the Company.
Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Montfort's business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to: the conditions of the proposed acquisitions not being satisfied; that the Company's proposed acquisitions will not be completed; that the targets of the Company's proposed acquisitions will not achieve their growth and profitability objectives; the Company having insufficient financial resources to achieve complete the proposed transaction and achieve its objectives; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Montfort has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Montfort . Accordingly, readers should not place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.
View original content: http://www.newswire.ca/en/releases/archive/July2022/18/c6520.html
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American Manganese Inc ("Company"), (TSX.V:AMY)(OTCQB:AMYZF)(FRA:2AM), doing business as RecycLiCo Battery Materials, announced today that Zarko Meseldzija, CTO and Director, will participate in an energy transitional conference call series hosted by Jon Windham, CFA, UBS Alternative Energy & Environmental Services Equity Research Analyst, on Thursday, July 21st at 11:00 am ET
Mr. Meseldzija will discuss RecycLiCo Battery Material's technology and strategy in the lithium-ion battery recycling industry along with current trends, challenges, and opportunities, followed by questions from UBS call series participants.
Event: RecycLiCo Battery Materials on UBS Energy Transition Call Series
Pre-registration Required to Participate:Register Here
American Manganese Inc, doing business as RecycLiCo Battery Materials, is a battery materials company focused on recycling and upcycling lithium-ion battery waste. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Larry W. Reaugh President and Chief Executive Officer Telephone: 778 574 4444 Email: lreaugh@amymn.com www.americanmanganeseinc.com / www.recyclico.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
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ScreenPro Security Inc. (CSE: SCRN) (OTCQB: SCRSF) ("ScreenPro" or the "Company") is pleased to announce that the Company has administered approximately 21,500 Covid-19 tests for the month of June and provided testing services to twenty-three (23) film and production companies in June from some of the most prominent companies in the North American film industry.
As new details emerge about the severity of the Covid subvariants in Canada, latest information states that Ontario's Covid-19 test positivity rate grew to 13.5%. Canadian's have now entered a seventh wave and volume of testing on film sets and the community are expected to increase due to the spike of Covid cases. (Source: https://www.cbc.ca/news/canada/toronto/covid-19-ontario-july-7-2022-1.6513337).
"We are pleased to continue our partnerships within the film and production industry for administering their Covid testing needs. As Canadians face a seventh wave of Covid, ScreenPro is there to provide a solution for testing and contact tracing needs with our nursing and lab staff. As the Company continues to expand, our core business in testing continues to hold great momentum," Lena Kozovski, CEO of the Company.
ScreenPro is a medical technology company that provides turnkey screening solutions with its proprietary medical alerting software. ScreenPro's unique access to multiple manufacturers of high-quality test kits and its strategic partnership with labs in British Columbia, Ontario and Quebec allows ScreenPro to be a full-service nationwide provider of COVID testing and breast cancer screening solutions across Canada. In addition, ScreenPro's subsidiary, Concierge Medical, is a group of board-certified physicians who provide private, discreet, and personalized healthcare to Canadians. ScreenPro prides itself in having its own medical doctors and nursing professionals with on the ground support staff and transportation, with access to high quality PPEs to ensure that clients are protected in all aspects of their testing needs. For additional information on ScreenPro and other corporate information, please visit the Company's website at www.screenprosecurity.com.
For more information about the Company, please refer to the Company's profile on SEDAR at www.sedar.com.
Neither the Canadian Securities Exchange (the "CSE") nor it's Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Lena Kozovski, CEO (647) 878-6674 lena@screenprosecurity.com
Priya Monique Atwal, Director of Communications (416) 901-5611 x 204 priya@screenprosecurity.com
Certain statements contained in this news release may constitute forward‐looking information, including statements relating to expectations regarding the acquisition and business of Concierge Medical Consultants Inc. and the future development of ScreenPro's business. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The actual results of ScreenPro could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which ScreenPro operates, prevailing economic conditions, changes to ScreenPro's strategic growth plans, and other factors, many of which are beyond the control of ScreenPro. Management of ScreenPro believes that the expectations reflected in the forward‐looking information herein are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents ScreenPro's expectations as of the date hereof and is subject to change after such date. ScreenPro disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130771
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TSXV: JK OTCQB: JKHCF FRA: 68Z
The Company's CTSP Location is Expected to Serve Approximately 2,000 Meals per Day, with Proximity to More Than 150 Companies With Over 50,000 Employees Overall
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) a technology-focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce the planned opening of its next business-to-business (" B2B ") ghost kitchen location (the " CTSP Location ") in the Central Taiwan Science Park (the " CTSP ") by the beginning of August. The CTSP Location follows on JustKitchen's previously announced opening of B2B ghost kitchens serving the Hsinchu Science Park and the Taoyuan Environmental Science and Technology Park. The Company is aiming to establish four ghost kitchens in the CTSP and serve approximately 2,000 daytime meals per day to employees at the CTSP.
The CTSP Location is consistent with JustKitchen's current focus on strengthening corporate client relationships and pursuing opportunities that maximize operating margins with minimal upfront capital costs. It is expected to enable the Company to also leverage the strongest proprietary and partner food brands from its portfolio and continue to deploy its JKOS platform in new ways. Subject to the terms and conditions of the commercial arrangement applicable to the CTSP Location, it is being planned to be operated in a similar manner to the locations in the other two science parks.
The CTSP was founded in 2003 and is located in the center of Taiwan . It has become an important area for concentrated high-tech companies and consists of Taichung Park, Huwei Park, Houli Park, Erlin Park and Chung Hsing Park , covering a total area of 1,486 hectares. 1 The CTSP has developed quickly to become a major technology hub in Taiwan . By the end of December 2021 , 233 companies, nine incubation centers and five research units had been approved for residency at CTSP. Over NT$2.287 trillion has been invested in the CTSP with over 150 companies in operation resulting in approximately 52,000 jobs. 1 Some of the most notable companies with offices in the CTSP are Micron Technology, TSMC, AUO Corporation and Largan Precision Co.
"We are excited to open our next ghost kitchen location in the CTSP as it is yet another promising B2B opportunity for JustKitchen. This particular line of business is economically attractive and we hope to continue opening more locations like this one in other areas of our operating network," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "The daytime density level of the Central Taiwan Science Park is a great opportunity to serve high-quality meals to a lot of people in a short amount of time. It gives us the chance to continue to refine our B2B practices and perfect this evolving area of expertise even further," added Mr. Chen.
JustKitchen is primarily a technology-focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan , Singapore and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding the planned opening of its next business-to-business ghost kitchen location in the Central Taiwan Science Park by the beginning of August; its aim to establish four ghost kitchens in the CTSP and serve approximately 2,000 daytime meals per day to employees at the CTSP; its expectation to leverage the strongest proprietary and partner food brands from its portfolio and continue to deploy its JKOS platform in new ways; the planned operation of the CTSP Location in a similar manner to the locations in the other two science parks; and the line of business being economically attractive. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.
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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it has scheduled its Annual General and Special Meeting of Shareholders (the "Meeting") for Thursday, July 28, 2022 at 11:00 am PST ( 2:00 pm EST ). The Meeting will be held at the Company's Delta office at 7046 Brown Street, Delta, BC V4G 1G8. The Company also announces that it has filed its management information circular and proxy (the "Meeting Materials") for the Meeting on SEDAR. The Meeting Materials are also available for download from the Company's website.
The information circular in the Meeting Materials proposes the re-election of six directors for the ensuing year, the reappointment of the Company's auditors, and the approval of the Company's 2022 Equity Incentive Plan, including the approval of a 10% rolling plan for stock options and a fixed plan of 6,500,000 common shares for awards of restricted share units ("RSUs"), performance share units ("PSUs") and deferred share units ("DSUs").
As always, the Company encourages its shareholders to vote prior to the Meeting. All proxies submitted must be received by July 26, 2022 . Your vote is important regardless of the number of common shares you own. As a Northstar shareholder, it is very important that you carefully read the Meeting Materials and vote your common shares. Shareholders may vote online, by telephone, by mail, or by any other methods listed in the form of proxy or voting instruction form included with the Meeting Materials.
Pursuant to the Company's Long-Term Performance Incentive Plan, the Company announces that it has issued an aggregate of 355,925 RSUs and 3,559,278 PSUs to officers and key employees of the Company. The RSUs and PSUs will vest as to one-third on each of June 23, 2023 , March 31, 2024 , and March 31, 2025 . Each RSU and PSU represents the right to receive, once vested, one common share in the capital of the Company. The number of shares earned upon the vesting of the PSUs will be determined by the performance of each individual and will be subject to approval by the Board of Directors. The Company also announces it has granted an aggregate of 260,854 stock options to directors, officers, and employees at an exercise price of $0.35 per share for a five-year term. All options vest as to one-third on each of March 31, 2023 , 2024, and 2025.
Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America , extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.
For further information about Northstar, please visit www.northstarcleantech.com .
On Behalf of the Board of Directors, Aidan Mills President & CEO, Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.
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SOURCE Northstar Clean Technologies Inc.
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