The press release dated August 27, 2024, provided an update on the activities and projects of a mineral exploration company. The company, referred to as Manganese X Energy Corp, aims to become the first publicly traded mining entity in Canada and the US to commercialize High Purity Electric Vehicle (EV) compliant manganese.
The CEO of Manganese X, Martin Kepman, expressed optimism about the future outlook of the company in light of the increasing investments in EV battery production facilities by the Canadian government. He highlighted the anticipated shortage of high-purity manganese by 2030, positioning Manganese X as a key player in supplying the North American EV and energy storage supply chain.
Key updates included the progress of a non-binding MOU with C4V for the potential offtake of High Purity Manganese Sulphate Monohydrate, the filing of a non-provisional patent for the company’s EV compliant manganese technology, advancements in the pilot plant project, and the verification of high purity manganese by a third-party US lab.
Manganese X Energy Corp aims to advance its Battery Hill project into production to become the first publicly traded manganese mining company in Canada and the US to commercialize high purity manganese for EV applications. The company is focused on supplying value-added materials to the lithium-ion battery and alternative energy industries while striving to achieve cost-effective and environmentally friendly processing methods.
For more information on Manganese X Energy Corp, please visit their official website. It is important to note that the TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy of this release.
The press release also contained a cautionary note about forward-looking statements, urging investors to review the risks disclosed in the company’s filings on SEDAR+ before engaging in any transaction involving the company’s securities. The company does not assume any obligation to update forward-looking statements based on changing circumstances, except as required by applicable securities laws.
To view the source version of this press release, please visit the provided link at the end of the content. Source attribution: Manganese X Energy Corp.
