Manganese X Provides Update on Battery Initiatives
Manganese X Provides Update on Battery Initiatives
Montreal, Quebec--(Newsfile Corp. - April 21, 2020) -
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2)
(TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese X"
or the
"Company")
is pleased to present an update on
various projects, accomplishments and goals. Please note that even though things have literally slowed down to a standstill due
to the COIVID-19 pandemic we are working at progressing on a number of initiatives. We are very encouraged and look forward
to advancing the following projects listed below:
Kemetco Research Inc:
On February27, 2020 Kemetco Research Inc ("Kemetco") reported that they achieved MnSO4 (EV compliant) purity of
>99.95% with low contamination factors in the final manganese sulfate product, The high purity levels achieved along with the
low contamination levels attained has met the specs required by the EV and back up storage industries. We have just
received notification from Kemetco that they are presently in the process development and will now be focusing on upgrading
the flowsheet development to combine the steps identified into a complete process that is efficient, and cost effective. In the
meanwhile the Company will be sending out
to various Companies the
finished MnSO4 product to be evaluated as a pre-
cursor for EV batteries and back up storage units.We are accelerating our efforts in this regard. Martin Kepman, Chief
Executive Officer of Manganese X, stated: "We are very pleased to be working and progressing on these specific projects
despite the global tumult caused by the covid crisis. We believe this crisis will fuel technological advancement and
Manganese X wants to share in this evolution by promoting greener and relevant manganese based solutions."
Disruptive Battery Corp.
Our standalone subsidiary, Disruptive Battery Corp., created for the purposes of accelerating a manganese thesis as it
relates to fuel, cells is pleased to announce that it is continuing
discussions with a Quebec entity to participate in assisting to
develop and supply battery grade manganese materials for the North American lithium-ion battery (lib) market. The Quebec
entity seeks to establish a national supply chain for cathode materials from the mine to the battery. To do so, they will develop
partnerships with various battery themed companies and Manganese X has been selected to participate in the development
and supply of lithium-ion batteries. Further updates will follow.
In addition Disruptive Battery Corp is also in preliminary discussions with a Canadian based battery Company nearing third
generation completion while utilizing manganese as its thesis and is looking to disrupt the multi billion dollar industrial battery
segment. Disruptive Battery Corp is presently performing
its due diligence and intends to bring in a third party expert for
evaluation. This is a high value opportunity for the company and we remain optimistic at creating shareholder value
Battery Hill Property Mn Woodstock New Brunswick Property
The Company has sent out tenders to update our NI-43-101Technical Report. We anticipate a drill program in the fall,
depending on market conditions, to upgrade the mineralization to the inferred resource status in support of a future planned
preliminary economic assessment (PEA).
Lac Aux Bouleaux (LAB) Graphite Property
The board of directors unanimously approved a dividend spinout of a NewCo. from the LAB property
to be traded on
the TSX
Venture Exchange in either
September
or October , depending on market conditions .The dividend will consist of, for every
eight
Manganese X shares owned
by a shareholder one
NewCo. share will issued to the Manganese X shareholder .More
updates to follow.
The preparation of the technical information in this news release of Battery Hill, Lac Aux Bouleaux (LAB) Graphite Property
and
update of the Kemetco Research Inc. metallurgical project has been reviewed and approved by Roger Dahn, P. Geo. Roger
Dahn is a Qualified Person as defined by National Instrument 43-101.
Manganese's X 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 and
geographically ethical and
friendly green/zero emissions technologies, while processing
manganes .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
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. We seek safe harbor.
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
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