Manganese X Energy Corp. Announces Significant Progress and Objectives FOR 2024
MANGANESE X ENERGY CORP. ANNOUNCES SIGNIFICANT
PROGRESS AND OBJECTIVES FOR 2024
Montreal, Quebec – March 27 2024 – Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC)
(TRADEGATE: 9SC) (OTCQB: MNXXF) (the “Company” or “Manganese X”) is pleased to present
its comprehensive corporate review, highlighting achievements and forthcoming goals. The
Company anticipates advancing each project outlined below in 2024, as it continues its mission
to become the first publicly traded mining company in Canada and the US to commercialize high-
purity EV-compliant manganese.
Kemetco Research Inc:
• Manganese X celebrates significant milestones in refining and upgrading EV specifications,
vital for EV cathode production, at its Kemetco Research pilot plant project in Richmond, BC.
• Additional samples are in production to meet potential demand.
Update on MOU C4V
• The synthesis of manganese sulfate samples for CAM process testing marks a pivotal step
in potential partnerships with major OEMs and gigafactories.
• Manganese X's recent Letter of Support to C4V underscores its commitment to bolster
domestic supply chains and advance battery material manufacturing.
OEM Invitation
• An invitation has been extended for participation in OEM Suppliers Days, signaling
prospective partnership opportunities for suppliers.
Partnerships and Offtake Agreement
• The Company is focused on confirming specifications with C4V, a leading US battery
technology firm, and securing binding offtake agreements.
• Invitation letters have been dispatched to prospective OEMs and cell manufacturers,
inviting them to pre-test Manganese X's samples.
Third Party Validation
• In pursuit of transparency and credibility, Manganese X has engaged a US accredited
metallurgical lab for independent validation analysis of its battery -grade manganese
sulfate (HPMSM) ensuring adherence to quality standards.
Drill Program
• A permit application has been made for a 12 -15 diamond drill hole program expected to
commence on the Battery Hill Deposit this spring. The program is designed to upgrade key
areas of near surface, high grade mineralization to the Measured and Indicated Resource
status prior to commencement of our Pre-Feasibility Study
.
Pre-Feasibility Study (“PFS”):
• The Company plans to initiate the PFS in Q3 to expedite the development and permitting
of the Battery Hill deposit, maintaining its strategy of rapid progress.
Environmental and Pre-Feasibility Related Studies:
• Ongoing environmental, social/community, and geotechnical studies will support the
forthcoming pre-feasibility study. Comprehensive life cycle assessment studies will guide
project development decisions and facilitate negotiations with potential partners.
Martin Kepman, CEO of Manganese X Energy Corp., remarked, "We are incredibly proud of the
strides we've made and the promising outlook for our projects in 2024. Our commitment to quality,
innovation, and sustainable practices positions us favorably for continued growth and success in
the burgeoning EV market."
About Manganese X Energy Corp.
Manganese X's mission is to advance its Battery Hill project into production, thereby becoming
the first public actively traded manganese mining company in Canada and US to commercialize
EV compliant high purity manganese, potentially supplying the North American supply chain. The
Company intends on supplying value -added materials to the lithium -ion battery and other
alternative energy industries, as well as striving to achieve new carbon -friendly more efficient
methodologies, 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: [email protected]
Tel: 1-514-802-1814
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.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain “forward -looking information” and “forward -looking
statements” (collectively “forward-looking statements”) within the meaning of applicable securities
legislation. All statements, other than statements of historical fact, included herein, without
limitation, statements relating to the future operations and activities of Manganese X, are forward-
looking statements. Forward -looking statements in this news release relate to the Company’s
goals and plans for 2024, including, among other items, its pilot plant project and PFS. There can
be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements. Forward -looking
statements reflect the beliefs, opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while considered reasonable by
Manganese X, are inherently subject to significant business, economic, competitive, political and
social u ncertainties and contingencies. Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward -looking
statements and the parties have made assumptions and estimates based on or related to many
of these factors. These risks, as well as others, are disclosed within the Company's filings on
SEDAR+, which investors are encouraged to review prior to any transaction involving the
securities of the Company. Readers should not place undue reliance on the forward -looking
statements. Manganese X does not assume any obligation to update the forward -looking
statements of beliefs, opinions, projections, or other factors, should they change, except as
required by applicable securities laws.