Manganese X Continues To Evolve Battery Initiatives
Montréal,
Québec, Canada -- September 8, 2020 -- InvestorsHub NewsWire --
Manganese X Energy Corp. (TSXV:
MN) (FSE: 9SC2) (OTC:
MNXXF ) ("Manganese" or the "Company")
is pleased to
present an update of our projects, goals and accomplishments. We
are very encouraged to have achieved some major milestones and look
forward to an even better third quarter.
Kemetco
Research
Inc:
The company
is advancing
and streamlining
our metallurgical process
for greater
economics.
The company
completed phase 1 yielding manganese sulphate with a purity
exceeding 99.95 per cent and low levels of base and alkali metals
using material from its Battery Hill property. This has
been a
transformational achievement, demonstrating its resource material
can be compliant with electric vehicles and other
requirements.
Phase 2
metallurgical bulk tests are proceeding and results will be
released within the next couple of weeks
Battery
Hill Property (New Brunswick):
The company is
tendering drill contracts for our upcoming drill
program.
We are planning a
fall drill program to complete a National Instrument 43-101
technical report, with the intention of
upgrading our current classification of mineralization to
inferred or
higher resource status. The program will focus on near surface,
higher grade areas of the deposit such as the Moody Hill
zones. Upon successful completion of
the programs recommended in the earlier NI 43-101 technical report,
work will be initiated toward the completion of a preliminary
economic assessment (PEA).
Disruptive
Battery Corp.
Disruptive Battery
Corp. is continuing to
refine and upgrade our US patented system for air sterilization
with a US partner. This disinfection system is
designed to circulate air disinfection agents (ADAs) through a
building's HVAC (heating, ventilation and air conditioning)
distribution system. Current
government compliant lab testing is also being conducted
to confirm
pathogen mitigation
Discussions
continue with potential battery tech companies with the intent to
form partnerships inclusive of equity participation.
The Company is
also looking to add globally renowned battery tech specialists to
its Advisory Board.
Lac
Aux Bouleau
Graphite
Project (Quebec)
Manganese X
Energy Corp. intends to complete a spin out of its Lac Aux
Bouleaux
graphite
property, located in the province of Quebec, into a separate,
yet-to-be-formed publicly traded company (Pubco). The spinout transaction,
which is expected to be completed in the third quarter of 2020, is
intended to enable the company to maximize its focus and provide it
with the flexibility to meet its unique business needs and further
its development strategy, while providing a dividend to its
shareholders.
"Separating
the LAB graphite
property to create an independent publicly traded company will
bring greater value to shareholders, enable faster, efficient
decision making and enable the new company to devote much needed
focus on the development of the LAB graphite property, which is a
fairly advanced exploration project," said Dr. Luisa Moreno,
proposed Chief Executive Officer of Pubco.
Closing of PP:
The company
has closed $ 2 million and is now well funded to pursue an
ambitious agenda in battery technology development and other green
initiatives
Martin
Kepman
comments,
"Investor attention is focused
on global green
initiatives and in particular the EV and Battery space. We believe
we have all the right assets to exploit this seismic
shift
to a more carbon
friendly world. Creating a North American supply chain is of
paramount importance to North American car companies and in
particular Tesla. Further, the air we breathe in a contained
environment has become a top priority during this current global
crisis and we are accelerating our efforts to provide a product for
HVAC with a strong, compliant safety profile."
Manganese's
mission is to acquire and advance high potential manganese mining
prospects located in North America with the intent of supplying
value added materials to the lithium ion battery and other
alternative energy industries. In addition
our
company is striving to achieve new methodologies emanating
from
environmentally
geographically ethical and friendly green/zero
emissions, while
processing manganese.at a
lower competitive
cost For
more information visit the website at www.manganesexenergycorp.com
On behalf of the
Board of Directors of
Manganese X Energy Corp.
Martin
Kepman
CEO and
Director
Email:
martin@kepman.com
Tel:
1-514-802-1814
Please follow us on Twitter
https://twitter.com/XManganese?s=08
Please
follow us on Facebook
https://www.facebook.com/Manganese-X-Energy-Corp-102953664741689/
Cautionary
Note Regarding Forward-Looking Statements:
Neither
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 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, which investors are encouraged to
review prior to any transaction involving the securities of the
Company. Forward-looking information contained herein is provided
as of the date of this news release and the Company disclaims any
obligation, other than as required by law, to update any
forward-looking information for any reason. There can be no
assurance that forward-looking information will prove to be
accurate and the reader is cautioned not to place undue reliance on
such forward-looking information.
Manganese X Energy (TSXV:MN)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Manganese X Energy (TSXV:MN)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025
