Recyclico Battery Materials Inc. (AMYZF)

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Dear Shareholders and Friends,


In a recent interview with Streetwise Reports, Dr. Michael Berry, publisher of Morning Notes, and Chris Berry, founder of House Mountain Partners, commented on American Manganese Inc. Years of supply mismanagement have left the U.S. dependent on foreign sources for critical metals like graphite, vanadium and manganese. In this exclusive interview with The Critical Metals Report, the Berrys discuss what early-stage mines close to home could be the first to bolster supply in the U.S.



Dr. Michael Berry served as a professor of investments at the Colgate Darden Graduate School of Business Administration at the University of Virginia from 1982-1990, during which time he published a book, Managing Investments: A Case Approach. His publication, Morning Notes, analyzes emerging geopolitical, technological and economic trends. He travels the world with his son, Chris, looking for discovery opportunities for his readers.

Chris Berry founded House Mountain Partners in 2010. The firm focuses on the evolving geopolitical relationship between emerging and developed economies, the commodity space and junior mining and resource stocks positioned to benefit from this phenomenon. Widely quoted in the press and a frequent speaker at conferences throughout the world, Berry holds a MBA in finance with an international focus from Fordham University.

We thought you'd be interested in reading their comments on American Manganese Inc. Scroll Down to see these comments.

Regards,

Larry W. Reaugh
President and Chief Executive Officer





Michael Berry & Chris Berry's Comments:
"American Manganese Inc. is trying to position itself to be the first producer of electrolytic manganese outside of China and South Africa by 2014. It is developing the Artillery Peak deposit in northwest Arizona, which is 13.8 Blb low-grade (2.84%) manganese in the indicated category and about 3.5 Blb in the inferred category (also at 2.84%). American Manganese is aiming to institute a patent-pending process that it developed with Kemetco Research Inc. where it will produce electrolytic manganese for about $0.70/lb. Electrolytic manganese sells on world markets right now from between $1.80 and $1.50, which creates about a $1 margin. Given that China produces roughly 98% of world Electrolytic Manganese Metal (EMM) supply and costs of production appear to be increasing there, American Manganese is well positioned to compete in this market. . .

One of the themes I think you'll see in mining is the drive for sustainability and efficiency. The lowest cost producer almost always wins and these two factors can lead to attaining lowest cost status. This is what American Manganese is aiming for in instituting this process. The process the company proposes to use will use less water and electricity in the production of EMM. Recycling factors prominently here. Also, the low cost of electricity in Arizona adds to the strong economics of the project. The biggest win for the company has been that it was able to produce EMM with this process on a pilot scale." View Article





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aneseinc.com