Rare Earth Metals (Continued from page 23). Consider the lithium-ion batteries from the first-generation electric vehicles, being traded in at our used car lots. The cars may be junk, but the batteries in them are replete with manganese, cobalt, nickel, and of course lithium. These metals were in ultra-pure form when they went into the new battery. American Manganese has developed a patented process to extract these materials and restore them to that pristine purity for re-use in next-gen batteries, or other technology applications. The more we do that, the less likely it will be that another nation will hold the U.S. or Canada hostage over critical metals supply. Specifically, the RecycLiCo patented process for the recycling of lithium-ion batteries provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese and aluminum at battery-grade purity, with minimal processing steps. In August, analytical
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results obtained from independent contract lab, Kemetco Research, show that by using the RecycLiCo process, 99.94 percent purity from recovered NCA cathode material is attainable.
modern economy. In Canada, flow-through shares are approved for the mining, oil and gas, renewable energy, and energy conservation sectors. The U.S. could do the same for critical mineral development, and jump-start a new era of domestic resource development. The rare earth metals global supply situation should be a wake-up call. Tech-centric economies like the United States, Canada and their industrial democratic allies are going to need a stable supply of tech metals and minerals that are essential to our innovation economies. It’s time we got equally innovative about how we encourage capital investment in innovation to supply these minerals to the manufacturers who depend on them.
INCENTIVIZING INNOVATION
Incentivizing innovation in the capital markets needed to fund innovators is the next crucial step. We have a tool in Canada that works quite well. It’s called flow-through financing. The concept – unlike so much of modern tax codes – is simple: the dollar-value of an investment into a resource developing company can be deducted – by the investor – from capital gains. The receiving company surrenders its right to expense that dollar amount, which then “flows-through” to the investor. The company gets the capital, and the investor gets the tax benefit. Society, in turn, gets the metals and minerals that are essential to the
Larry Reaugh is CEO of American Manganese, Inc., based out of Surrey, B.C.
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