Manganese X Receives Metallurgical Results Demonstrating High Recovery Rate, Improved Efficiency and Economics for EV Batt...
14 Janeiro 2021 - 10:00AM
InvestorsHub NewsWire
Manganese X Receives Metallurgical Results
Demonstrating
High Recovery Rate, Improved
Efficiency and Economics for EV Battery Usage.
Montréal, Québec,
Canada,
January
14
,
2021 -- InvestorsHub NewsWire -- Manganese X Energy Corp.
(TSXV: MN) (FSE: 9SC2) (OTC : MNXXF) ("Manganese X" or
the "Company") Montréal,
Québec, Canada, is
pleased to announce
favorable metallurgical results from the
Battery
Hill Phase
Two
program,
that
demonstrate even
greater
efficiency and improved economics.
Manganese X CEO
Martin Kepman
stated, "The news keeps getting better in the processing of the
Battery Hill manganese ore. Recovery rates are impressive and
the applied process for purification has been refined to achieve
greater efficiency and improved economics. Manganese continues to
be spotlighted as a greener and more ethically friendly metal that
could replace cobalt. We are making excellent progress towards our
goal of producing ultra high-purity
battery-grade manganese products for the growing electric vehicle
and energy storage sectors."
Manganese X,
together with Kemetco
Research Inc.
("Kemetco"),
are
completing the
ongoing test work
to
develop
a
commercially
viable flow
sheet to
produce battery-grade
manganese products using the
sustainable and
ethical North American
mineralization at the
Battery
Hill property
located near
Woodstock,
New
Brunswick, Canada.
In
Phase One,
using a series of bench-scale leach,
purification,
and
crystallization processes, Kemetco
successfully
produced a high purity manganese sulphate product with a purity of
up to 99.95%.
This
has been considered a transformational
achievement, demonstrating the Company's
Battery Hill mineralization can be compliant
and suitable for battery manufacturing use in electric vehicles,
energy storage systems and other high-tech
applications.
Phase
Two
of
Kemetco's
overall
testing
consisted
of
the
development
of
a
more
efficient,
workable
extraction
process and flow sheet for the generation of high-grade manganese
sulphate. The
most
recent bench-scale
tests consisted of defining
suitable unit operations for leach extraction,
solid-liquid separation, primary purification,
and
crystallisation
upgrading
Kemetco
notes
the
most
recent results are
highly significant and very encouraging as they provide a potential route
to eliminate a major step in the purification process that
would result in
major cost benefits as well as an increase in purification
efficiency.
Significant
results
include:
-
The
significant
achievement of
an
overall recovery
rate of
85%;
-
Eliminating
purification
processes that will
significantly reduce overall
costs;
-
Improved
purification results with extremely low levels of base and alkali
metal contaminants;
-
Enhanced
Opportunities for commercialization
Test
work is continuing
with Kemetco.
Manganese X looks forward to the final completion and reporting
related to the Phase Two program, which is expected within the
next two
to four
weeks. Upon
completion, Manganese X will expediate work programs to support the
Company's planned PEA (Preliminary
Economic
Assessment).
The
Company
is
also
pleased to announce
that it has approved the grant of
800,000 stock options to
purchase common
shares of the Company to consultants of the Company. The options
were issued with an exercise price of $0.25 per common share.
The options granted
to the Company's directors and consultants have a term of three (3)
years with vesting immediately. The
issuance of the options is subject to all necessary approvals by
the TSX Venture Exchange.
All securities
issued are subject to a statutory hold period of four months plus
one day from the date of issuance, in accordance with applicable
securities legislation.
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Manganese's X 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 and geographically
ethical and friendly green/zero emissions technologies, 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. We seek safe harbor.
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