09:48 AM EST - American Manganese Inc. : says that: "The recent announcement by Tesla Motors of the imminent construction of a Lithium Ion Battery Gigafactory has raised the bar for electric vehicle production." Initial production from the Gigafactory is scheduled for 2017, and full production scheduled for 2020. At full capacity, the facility would manufacture as many lithium ion batteries as the 2013 total world production. American Manganese has a patented hydrometallurgical process for the commercial production of Electrolytic Manganese Metal (EMM), Electrolytic Manganese Dioxide (EMD), and Chemical Manganese Dioxide (CMD) from manganese resources. EMD and CMD are used in dry cell and rechargeable batteries. American Manganese Inc.
shares T.AMY are trading unchanged at $0.03.
