Manganese X Energy Reviews 2021 and Looks Forward to 2022
MANGANESE X ENERGY REVIEWS 2021 AND
LOOKS FORWARD TO 2022
Montreal, Quebec – December 30, 2021 – Manganese X Energy Corp. (TSXV: MN)
(FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the “Company”, “Manganese X
Energy” or “MN” ) is pleased to announce that 2021 was another year of significant
growth for the Company, highlighted by the advancement of its Battery Hill manganese
project located near Woodstock, New Brunswick.
Martin Kepman, CEO of Manganese X Energy, states,
• The man ganese metal price has increased 100% during the year and has
performed very well among the minor metal sectors.
• Experts are predicting that starting next year there will be a shortage of high purity
manganese. This shortage will continue and by 2030 present production will only
be fifth of the projected demand.
• Manganese X Energy Corp. is poised to take advantage of this situation and to
become a major supplier to North American EV and back-up energy storage
requirements within the near future.
Manganese X Energy 2022 Strategies and Goals
• Successfully complete the Battery Hill project PEA and fast track directly into pre-
feasibility or feasibility study.
• Pursue negotiations with a multi-national company to explore future development
and sales of our value-added manganese materials to the North American markets
• Continue to aggressively advance the development of its Battery Hill manganese
property and the innovative, cost -effective metallurgical process developed to
produce high purity manganese products to the fast -growing North American
lithium-ion battery market.
• JV partner Purebiotic Air Corp anticipates application for FDA Ce rtification of
products. Development of a pilot plant is envisioned. Upgrading of the HVAC
patent disbursement unit is planned.
Highlights of 2021 Activities
Wood PLC selected to implement a Preliminary Economic Assessment (PEA) on
our Battery Hill Project
• The Company selected Wood PLC to complete a Preliminary Economic
Assessment (PEA) on our Battery Hill project located near Woodstock, New
Brunswick. The PEA will evaluate the commercial viability of producing premium,
high purity manganese products for the electric vehicle (EV) and back up energy
storage sectors.
• The PEA is anticipated to be completed within 60 to 90 days. All early indications
are positive, and we continue to be very optimistic for outstanding results.
• Martin Kepm an, CEO of Manganese X Energy, state d, “The Company could
become a significant world player in the high purity manganese markets. The
economic study has taken longer than we initially projected, but we have worked
with and allowed Wood PLC and Kemetco Research adequate time to investigate
all aspects of the PEA to ensure the project’s bottom line is fully maximized”.
Released our NI-43-101 Compliant Mineral Resource Estimate, in preparation of the
PEA
Manganese X Energy retained Mercator Geological Services to complete the mineral
resource estimate for the Battery Hill project.
• The large mineral resource base underlines the project's potential to sustain long-
term production.
• The mineral resource estimate was prepared in accordance with the CIM Definition
Standards for Mineral Resources and Mineral Reserves (2014) and identified
34.86 million tonnes of measured and indicated mineral resources grading 6.42 %
Mn, plus an additional 25.91 million tonnes of inferred mineral resources grading
6.66% Mn. The mineral resource estimate utilizes a 2.5% Mn cut -off grade that
reflects total operating costs having “reasonable prospects for economic
extraction.”
• Sensitivity analysis of the Ba ttery Hill deposit to cut -off grade indicates 12.25
million tonnes of Measured and Indicated mineral resources at 8.77% Mn and
10.61 million tonnes of Inferred mineral resources grading 9.05% Mn utilizing a
cut-off grade of 7% Mn.
Manganese X Energy continued to improve Battery Hill processing plans for
scalable and cost-effective production of high-grade battery material critical for EV
/ Stored Energy Markets
• The phase 3 metallurgical work by Kemetco Research Inc . has led to a state -of-
the-art processing technology with significant cost reductions in the production of
high-grade battery material for EV and stored energy applications. This milestone
was a critical part of completing the Company’s PEA, since cost -effective
metallurgical processing is a key economic component of the project.
Manganese X Energy spun out LAB graphite assets to its shareholders through a
new subsidiary known as Graphano Energy Ltd. under trading symbol GEL (TSX.V).
• Graphano Energy Ltd. commenced trading on Thursday, September 30, 2021.
The Lac Aux Bouleaux Graphite (“LAB”) Property consists of 14 mineral claims
in one contiguous block totalling 738.12 hectares near the town of Mont Laurier
in southern Québec.
Manganese X Energy subsidiary and JV partner Purebiotic Air Corp receive d
positive updated data on Virginia State University testing on an important range of
pathogens and biofilm, including COVID-19
• With these new studies and earlier research re-confirming the effectiveness of the
PureBiotics technologies, VSU is adding additional testing sites to its continuing
study. These tests will determine how economically viable the PureBiotics
formulations are in eliminating the risk of infections, with the additional benefits of
providing safer, cleaner and odour-free facilities.
• In testing against a wide group of chemical disinfectants currently used in
hospitals, the PureBiotics formulations proved to be from 78 to 92 per cent more
effective,
• The company will soon be announcing a series of registrations, certifications, and
regulatory product applications of significant interest. The company is not making
any express or implied claim that it has developed a COVID -19 air management
solution at this time.
About Manganese X Energy Corp.
Manganese X Energy’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 public actively traded manganese company in Canada and US
striving forward toward commercialization of a manganese deposit. As well as potentially
becoming a North American supply chain supplier
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 co ntaminants 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: [email protected]
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 responsib ility 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.