Manganese X Continues To Evolve Battery Initiatives
Manganese X Continues To Evolve Battery
Initiatives
Montreal, Quebec--(Newsfile Corp. - September 8, 2020) -
Manganese X Energy Corp. (TSXV: MN)
(FSE: 9SC2)
(OTC Pink: 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 first quarter of 2021, 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:
Tel: 1-514-802-1814
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.
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/63366