Manganese X Energy reviews 2021 and plans to 2022
Montreal, Quebec – (Newsfile Corp. – December 30, 2021) – Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF) (the “Company” or “MN”) is pleased to announce that 2021 has been another year of significant growth for the Company, highlighted by the advancement of its Battery Hill manganese project located near Woodstock, New Brunswick.
Martin Kepman, CEO of Manganese X says,
The price of manganese metal increased 100% during the year and performed very well among the minor metals sectors.
Experts predict that from next year there will be a shortage of high purity manganese. This shortage will continue and by 2030 current production will only represent one-fifth of projected demand.
Manganese X Energy Corp is poised to take advantage of this situation and become a major supplier for electric vehicles and emergency energy storage needs in North America in the near future.
Manganese X Energy 2022 strategies and objectives
Successfully complete the Battery Hill Project PEA and proceed directly to the Pre-Feasibility or Feasibility Study.
Continue negotiations with a multinational company to explore the future development and sales of our value-added manganese materials in North American markets
Continue to aggressively advance the development of its Battery Hill manganese property and the innovative and cost-effective metallurgical process developed to produce high purity manganese products for the rapidly growing North American lithium-ion battery market.
JV partner Purebiotic Air Corp anticipates a request for FDA certification of the products. The development of a pilot plant is planned. The upgrade of the HVAC patent disbursement unit is planned.
Highlights of 2021 activities
Wood PLC selected to carry out a Preliminary Economic Assessment (PEA) on our Battery Hill project
The Company selected Wood PLC to perform a Preliminary Economic Assessment (PEA) on our Battery Hill project located near Woodstock, New Brunswick. PEA will assess the commercial viability of producing premium, high purity manganese products for the electric vehicle (EV) and emergency energy storage sectors.
The PEA is expected to be completed within 60-90 days. All the first indications are positive and we remain very optimistic about the exceptional results.
Martin Kepman, CEO of Manganese X Energy, said: “The company has the potential to become a significant global player in high purity manganese markets. The economic study took longer than expected, but we have worked with and authorized Wood PLC and Kemetco Research sufficient time to study all aspects of the PEA to ensure that the results of the project are fully maximized. “
Publication of our mineral resource estimate in accordance with NI-43-101, in preparation for the PEA
Manganese X Energy retained the services of Mercator Geological Services to complete the mineral resource estimate for the Battery Hill project.
The large mineral resource base underscores the potential of the project to support long-term production.
The Mineral Resource Estimate was prepared in accordance with the ICM Defining Standards for Mineral Resources and Mineral Reserves (2014) and identified 34.86 million tonnes of Measured and Indicated Mineral Resources grading 6 , 42% Mn, plus an additional 25.91 million tonnes of inferred mineral resources grading 6.66. % Mn. The mineral resource estimate uses a cut-off grade of 2.5% Mn which reflects total operating costs with “reasonable prospects for economic extraction”.
Cut-off sensitivity analysis of the Battery Hill deposit indicates 12.25 million tonnes of Measured and Indicated Mineral Resources at 8.77% Mn and 10.61 million tonnes of Inferred Mineral Resources at a grade of 9 .05% Mn using a cut-off content of 7% Mn.
Manganese X Energy continued to improve Battery Hill’s processing plans for scalable, cost-effective production of high-quality battery materials essential for the electric vehicle and stored energy markets.
Kemetco Research Inc.’s Phase 3 metallurgical work has resulted in advanced processing technology with significant cost reductions in the production of high quality battery materials for electric vehicles and stored energy applications. This step was a critical part of the completion of the Company’s PSE, as cost-effective metallurgical processing is a key economic component of the project.
Manganese X Energy has transferred the graphite assets of LAB to its shareholders through a new subsidiary known as Graphano Energy Ltd. under the symbol GEL (TSX.V).
Graphano began operations on Thursday, September 30, 2021. The Lac Aux Bouleaux Graphite (“LAB”) property consists of 14 mining claims in a contiguous block totaling 738.12 hectares near the town of Mont Laurier in southern Quebec.
Manganese subsidiary X Energy and joint venture partner Purebiotic Air Corp have received positive update data on Virginia State University testing on a significant range of pathogens and biofilms, including COVID-19
With these new studies and previous research once again confirming the effectiveness of PureBiotics technologies, VSU is adding additional test sites to its ongoing study. These tests will determine how economically viable the PureBiotics formulations are in eliminating the risk of infections, with the added benefits of providing safer, cleaner and odor-free facilities.
When tested against a large group of chemical disinfectants currently used in hospitals, PureBiotics formulations were found to be 78-92% more effective,
The company will soon announce a series of product registrations, certifications and regulatory applications of great interest. The company makes no express or implied representation that it has developed a COVID-19 air management solution at this time.
About Manganese X Energy Corp.
Manganese X’s mission is to advance its Battery Hill project into production, with the goal of providing value-added materials to the lithium-ion battery and other alternative energy industries. manganese processing at a lower competitive cost. The Company is the only actively publicly traded manganese company in Canada and the United States that endeavors to commercialize a manganese deposit. In addition to potentially becoming a supplier to the North American supply chain
The mission of the subsidiary Disruptive Battery Corp. is to develop an HVAC (Heating, Ventilation and Air Conditioning) air purification system for cleaner, healthier air, aimed at mitigating COVID-19 and other contaminants on surfaces and in the air. For more information, visit the website at www.manganesexenergycorp.com.
On behalf of the board of directors of
MANGANESE X ENERGY CORP.
CEO and director
Email: [email protected]
Phone. : 1-514-802-1814
Caution regarding forward-looking statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information”, including statements regarding the Company’s future exploration performance. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements of the Company, expressed or implied. by this forward-looking information. forward-looking statements. These and other risks are disclosed in the Company’s file on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company.
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