Manganese X Energy Corp. Update with Technical Insights
Manganese X Energy Corp. Update with Technical Insights
March 2, 2017: Montreal, Quebec, Ca nada. Manganese X Energy Corp. (the “ Company”) (TSX-V: MN)
(FSE: 9SC2)(TRADEGATE:9SC2)(OTC PINK: SNCGF) is pleased to announce it has entered into its
next phase consisting of an innovative metallurgic al project funded by the Company’s recent $1.45
million oversubscribed financing.
“This innovative metallurgical project is developing a process in order to produce a manganese
concentrate to be utilized for production of Elect rolytic Manganese Dioxide which is also known as
EMD. EMD is a high value manganese product which is utilized within various applications especially
for lithium ion battery cathode material for electric ve hicles. Manganese is the critical link in the lithium
ion storage chain” stated Martin Kepman, CEO and Director of Manganese X Energy. “The reason we
refer to it as innovative is that the Company is focu sed on producing a cost effective, environmentally
friendly concentrate for the lithium ion battery market which is currently in high demand within the North
American.”
In order to expedite our metallurgical project, Ma nganese X Energy has recently sent two batches of core
samples from our Iron Ore Hill zone to SGS. This renowned Lakefield Ontario based laboratory has
begun QemScan testing which is an acronym for “Qua ntitative Evaluation of Minerals by Scanning
Electron Microscopy”. SGS will also undertake chemical analysis of the samples; this will enable the
Company to measure in microns the various percenta ges of other minerals present on its property. We
anticipate from SGS the QemScan test results within the next two w eeks. With the commencement of
QuemScan testing, Manganese X Energy’s metallurg ical team will begin to assess the viability of
integrating and upgrading specific processes such as floatation, gravity, magnetic and electrostatic
separations, as well as, ore sorting techniques to produce high grade manganese concentrate while
separating other minerals efficiently. In addition, Manganese X Energy will be sending additional core
samples from our Sharpe Farm and Moody Hill areas of our Houlton Woodstock Property in order to
determine which mineralized zone of our three mine ral bodies will be the most efficient and viable to
process.
In conjunction with the ongoing advancement of our QemScan and chemical analysis, the Company has
requested proposals from several leading research fi rms to assist Manganese X Energy in investigating
state of the art processes and technology procedur es. The Company hopes to enhance and upgrade our
manganese bearing mineral known as rhodochrosite into a viable concentrate for the North American
EMD market. We anticipate receiving responses to our requests for proposals shortly. We will also
contact various government agencies for financial assistance to augment our current program which
includes a metallurgical concept study on Electrolytic Manganese Dioxide (EMD) metallurgy processes.
We have received from Kingston Process Metallurgy Inc. (KPM) an initial process and test work review,
as well as the cost portions of the Concept Study. “ With this additional information, it will open many
testing options and opportunities. We will be innovative and take the work forward” stated by Dr. Luisa
Moreno, director of the Company. The objective of the Kingston Process Metallurgy concept study is to
investigate all options to maximize the added va lue potential of the Company’s Houlton Woodstock
manganese property located in Carleton County, New Brunswick, Canada.
Manganese X Energy Corp. will aggressi vely continue to explore the various opportunities leading to
producing a manganese concentrate for the EMD North American market.
Granting of Options
The Company is pleased to announce that the Compa ny has granted 500,000 incen tive stock options to a
consultant. The options are exercisable at $0.215 per op tion for a period of 1 year from the date of grant.
The options are being issued under the terms of th e Company's Stock Option Plans which were approved
by shareholders at the Company's Annual General and Special Meeting on April 21, 2016. The Option
Plan has been submitted, in the normal course to th e TSX Venture Exchange fo r approval and no options
can be exercised prior to the receipt of this approval
About Kingston Process Metallurgy Inc.
Kingston Process Metallurgy Inc. (KPM) was establishe d in 2002 to provide process development and
optimization, through contract research and developm ent services to chemical, mining, and metallurgical
industries. KPM's project portfolio is diverse but ce nters around integrating its experimental work with
techno-economics to develop processes that are both financially and technically sound. Their team has the
expertise, multidisciplinary skills, and fundamental knowledge to develop c oncepts and solve unique
challenges.
About Manganese X Energy
Manganese X Energy’s mission is to acquire and advance high potential manganese prospects located in
North America with the intent of supplying value added materials to the lithium ion battery and other
alternative energy industries as well as the steel indust ry. In addition, our company is striving to achieve
new methodologies emanating with environmentally friendly green/zero emissions and producing
manganese at a lower competitive cost.
For more information, visit the website at www.manganesexenergycorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Martin Kepman
Interim CEO and Director
1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Se rvices 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 whic h may cause the actual results, performance or
achievements of the Company to be materially di fferent 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 securiti es 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 inform ation will prove to be accurate and the reader is
cautioned not to place undue reliance on such forward-looking information.