American Manganese Inc.(TSXV:AMY) announced that it has received funding for the development of lithium ion battery materials. If the company research is successful, it will add a second source of revenue for American Manganese.
As quoted in the press release:
it will receive a new contribution agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). With this contribution agreement in place, the Company has retained Kemetco Research Inc. (“Kemetco”) of Richmond, BC to undertake research in the production of an improved lithium manganese dioxide.