Manganese X
Notes and
Applauds President Biden's Executive Order to Secure
America's
Critical Supply Chains for Manganese and Electric Vehicle
Batteries
Montréal,
Québec, Canada, March
1,
2021
Manganese X
Energy Corp. (TSXV: MN) (FSE: 9SC2)(OTC:
MNXXF ) (the
"Company")
Manganese
X Energy
is
pleased to announce that
it applauds
President
Biden's new
Executive
Order aiming
to secure
America's
Critical Supply Chains by
mandating a
100-day review of critical product supply chains in the
US.
The
Executive
Order (the
"Order"), signed
February 24th,
focuses
on identifying and prioritizing critical and
essential goods and materials,
including
computer
chips, large capacity batteries, active pharmaceutical ingredients
and critical and
strategic
materials,
as
well as rare-earth
minerals.
The
Order
sets out the
intention of working with
US allies and partners, specifically
"assessing allied and partner actions", as a part of the process
and offering "possible avenues for international
engagement".
The US government critical
minerals' list consists of
commonly
used Lithium-ion battery
materials,
including manganese and
graphite, both of which
the Company is
vitally involved in. The Order is:
https://www.whitehouse.gov/briefing-room/presidential-actions/2021/02/24/executive-order-on-americas-supply-chains/
Manganese
X Energy
CEO
Martin Kepman
commented, "The
Executive Order
is extremely favorable to the
Company's efforts to
commercialize our
manganese
production.
The US
Administration's
effort to secure domestic supply chains puts our
company at the center
of a North American bullseye.
Our Battery
Hill, New Brunswick
manganese
property is in close proximity to the US border. Further,
as
duly
noted,
there is
currently zero North American manganese production. Manganese
X Energy
is
positioning to cure
this domestic
vulnerability by
accelerating our commercialization efforts to be
a supplier to the growing
North
American Electric
Vehicle (EV)
sector.
Additionally,
our subsidiary, Graphano Energy, soon to be spun out
and separately
listed as GEL, is aiming to be one of North
America's largest
graphite producers."
A report produced by Deloitte
Touche Tohmatsu forecasts that globally there will be an annual
growth rate in EV sales of 29 percent, from 2.5 million in 2020 to
11.2 million in 2025, and reaching 31.1 million by 2030.
CEO Martin Kepman stated,
"Tesla
recently had a research development
breakthrough by removing cobalt and
increasing the
percentage of manganese used in the Nickel Manganese lithium-ion EV
battery. Tesla's researchers discovered that this resulted in
their
company's
EV batteries having five times
more
energy capacity, making them six times more powerful,
and enabling a 16 percent range increase
for Tesla's vehicles."
"While utilizing
these
EV
batteries,
the future in
general looks very promising for manganese in the Lithium-ion battery
world. Manganese is poised to become one
of the primary elements and the catalyst
in the
manufacturing of all new Lithium-ion batteries and future backup energy
storage products, harvested from clean energy produced by solar,
wind and
tidal systems."
Graphano
Energy
Limited.:
Manganese
X Energy
also owns a significant graphite asset
in Quebec under its subsidiary
Graphano
Energy
Limited ("Graphano") and, as already noted, since graphite is used in
Lithium-ion batteries, it is listed as a critical mineral in President Biden's Executive
Order.
Manganese X Energy
shareholders can look forward to an attractive and compelling share
dividend to be spun out under
Graphano, receiving one share of Graphano
for every eight
shares of Manganese X Energy shares held.
Manganese X
Energy
has scheduled
a special Shareholders' meeting
on
April
12,
2021 to
approve this special share dividend.
About Manganese X Energy Corp.
Manganese X's mission is to advance its Battery Hill project into
production, with
the intent of supplying value-added
materials to the lithium-ion battery and other alternative energy
industries ,
The Company is also striving to achieve new carbon-friendly more
efficient methodologies, while processing manganese at a lower
competitive
cost. The company is the only manganese
company in North America moving forward toward
commercialization of
a manganese deposit
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.
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.
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