ATLANTA, April 7, 2010 (GLOBE NEWSWIRE) -- OTC Stock Review announces that it has initiated coverage of American Manganese Inc. (TSX-V:AMY) (Pink Sheets:AMYZF), headquartered in White Rock, British Columbia.
American Manganese Inc. (TSX-V:AMY) (Pink Sheets:AMYZF) is a mineral resources company engaged in the acquisition, exploration and development of a diverse portfolio of metals in high demand. The primary focus is on minerals needed in the Steel manufacturing industry, such as Manganese which is critical to the production of steel. Aggressive growth recently in its property portfolio has poised American Manganese Inc. to capitalize on the rising price for commodities tied to Steel, making the company an attractive target for steel companies.
In our opinion, the big opportunity for investors in American Manganese is that there is currently no production of Manganese in North America. Without Manganese, North America remains dependent on outside sources, like China, to make Steel. In fact, 97.5% of all electrolytic manganese is produced in China.
In our opinion, investors could see huge profits on shares of American Manganese as it focuses on the growing market opportunities in the Steel Industry. Recently, American Manganese made a bold play into the rising Manganese market with its acquisition of the Artillery Peak Manganese Properties in Arizona. Artillery Peak is recognized as the largest known manganese deposit in the U.S. at a time when this strategic metal faces declining supply resources. Drilling, leach testing, and mine planning are underway.
The complete report is available at http://www.otcstockreview.com/Files/AMY/AMY_Review.pdf.
Additionally, more information on American Manganese Inc. is available at www.americanmanganeseinc.com.
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