Tesla Battery Day Validates Manganese For Use In EV Batteries
23 Setembro 2020 - 9:30AM
InvestorsHub NewsWire
Tesla Battery Day Validates Manganese For Use In EV
Batteries
Montréal,
Québec, Canada -
September
23,
2020
-- InvestorsHub NewsWire -
Manganese X
Energy Corp. (TSXV: MN) (FSE: 9SC2)(OTC:
MNXXF)
("Manganese" or the "Company")
confirms that
manganese received favorable mention from Elon Musk in his Tesla
Battery Day presentation regarding the future of electric vehicles
and energy storage.
With Tesla's
battery technology advancements and efficiency improvements, the
new cell design will give the company's vehicles a 16% increase in
range and
a
5x
increase in energy. Battery chemistry for higher-end vehicles will
use nickel-manganese thanks to its increased energy
density.
Tesla also
ultimately wants to eliminate cobalt in the cathode, saying it will
make batteries significantly cheaper. This, along with the
company's other innovations, will result in the reduction in the
price per kw for the batteries by 56%. Musk said this cheaper
battery will enable the company to produce a $25,000 EV.
We
must produce more EVs," Musk said. "They need to be affordable and
[have] a lot more energy storage, while building factories faster
and with far less investment."
To
highlight the importance of manganese in Tesla's battery strategy,
we have provided a short video link whereby Elon Musk calls for a
cathode chemistry mixture of 1/3 manganese, 2/3 nickel:
https://www.youtube.com/watch?v=GR2JB_0kmXY
Martin Kepman,
CEO
Manganese X
comments, "it is gratifying to see Tesla using a high percentage of
manganese in their battery chemistry. We have been diligently
pursuing our agenda to be a provider to the EV battery space and
have successfully produced 99.95% purity of Manganese Sulfate
("MnSO4") which is EV compatible as confirmed in a report by
Kemetco Research Inc. We will accelerate our actions to move
towards a PEA (preliminary
economic assessment) for our
manganese mining resource in New Brunswick which is in close
proximity to the US border. Our ultimate goal is to be a provider
of battery material to the North American chain."
About Manganese X Energy
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
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 Nov 2024 até Dez 2024
Manganese X Energy (TSXV:MN)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024