Manganese X Energy Joins World-Renowned International Manganese Institute
Montreal, Quebec--(Newsfile Corp. - February 21, 2023) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the "Company" or "Manganese X") is pleased to announce that Manganese X has joined the world-renowned International Manganese Institute (IMnI) of Paris, France and will be an active participant in the IMnl High Purity Mn Committee, whose mission is to promote, advance, improve and increase utilization of High Purity Manganese within EV Battery chemistries.
Manganese X CEO Martin Kepman commented, "We are extremely pleased to have joined such a prestigious organization, and to be an integral participant in the Committee, meaning Manganese X will continue to be part of the movement to advance High Purity Manganese in the EV world. It's perfect timing because at the same time that we're meeting with companies which notably share the same vision as Manganese X, our high purity manganese Pilot Plant Project is near completion. This project intends to validate our patent-pending high purity manganese technology on a larger scale so as to fulfill our mission of Battery Hill's manganese being used to supply high purity manganese in the North American EV battery supply chain."
The IMnI is the association representing the global Manganese industry with more than 100 Member companies producing, trading and consuming Manganese in all its forms. Founded in 1975, IMnI's mission is to provide vision and guidance to the Manganese industry by promoting economic, social and environmental responsibility and sustainability to all stakeholders. With a staff of six experts based in Europe, India and China, the IMnI is the best source of market research and sustainability information on Manganese.
Manganese X's Pilot Plant Project is being managed by Kemetco Research Inc., a well-known metallurgical engineering company, headquartered in Richmond, BC, Canada. The Company's Battery Hill manganese deposit is being used in the project to produce EV compliant 99.5% high purity manganese sulphate monohydrate (HPMSM) samples. Upon conclusion of the project, slated for the end of 2023's first quarter, Manganese X will distribute the HPMSM samples to EV and cathode makers and OEMs; a growing number of companies have already requested samples to tour the pilot plant project.
The manganese contained in the samples is sourced from the Company's Battery Hill Project in New Brunswick, Canada which is one of the largest manganese deposits in North America. The Company released a robust economic PEA last year (https://www.manganesexenergycorp.com/wp-content/uploads/2022/06/final-pea-revised.pdf) and is in process of preparing for Battery Hill's Prefeasibility Study, slated to be commenced in 2023's third quarter.
Manganese is already a dominant component used in steel production and because of that industry's steady growth, manganese remains as one of the most widely used minerals in the world. On the technology side, EV batteries, off-the-grid power systems, and other energy storage applications will require significant amounts of high purity manganese. CPM Group is forecasting a nine-fold increase by 2030 in demand for high purity manganese, and that this will result in a large deficit of this critical battery material.
About Manganese X Energy Corp.
Manganese X's mission is to advance its Battery Hill project into production, thereby becoming the first public actively traded manganese mining company in Canada and US to commercialize EV Compliant High Purity Manganese, to supply the North American supply chain. The Company intends to supply value-added materials to the lithium-ion battery and other alternative energy industries, as well as striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost.
Subsidiary Disruptive Battery Corp.'s mission is to develop an HVAC (heating, ventilation and air conditioning) air purification delivery system for cleaner and healthier air, aiming to mitigate 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
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Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. 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 any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR (www.sedar.com), which investors are encouraged to review prior to any transaction involving the securities of the Company. We seek safe harbour.
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