Ticker : TSX-V: AMY | Pinks: AMYZF | Frankfurt: 2AM
American Manganese Inc. Corporate Profile
American Manganese Inc. (TSX.V: AMY; FRANK: 2AM; PINKS: AMYZF.pk) is a junior resources company with its headquarters in White Rock, part of the Greater Vancouver region of B.C. Canada. Originally incorporated as Ameridex Minerals Corp., since changing its name in September 2006 American Manganese Inc. has developed into a multi mineral resources company. Its focus is on mineral properties and commodities used in the Steel Industry, expanding from its Rocher Deboule property in British Columbia with the addition of Manganese properties in Arizona and British Columbia as well as 2 Niobium properties in B.C.
Manganese is a commodity in demand, with the price per ton having seen a rise from $1,225 to over $4,000 during 2007. American Manganese Inc. is poised to capitalize on the potential of this market with the acquisition in June 2007 of the Artillery Peak Manganese Properties in Arizona.
IOCG (Iron-Oxide-Copper-Gold) mineralization has become a focus of attention in mineral commodities since the discovery and development of enormous IOCG resources such as Olympic Dam (Australia), Candelaria (Chile) and Kiruna (Finland). The IOCG Target on the Rocher Deboule Property brings tremendous market potential into the company’s portfolio of mineral resource holdings, and exploration is underway to confirm and define the scope of the IOCG resource, in addition to it’s historical high-grade targets.