Manganese X Signs MOU with US Battery Technology Leader C4V
MANGANESE X SIGNS MOU WITH US BATTERY TECHNOLOGY LEADER C4V
Montreal, Quebec.(Newsfile Corp.-January 10, 2024) Manganese X Energy Corp. (TSXV:
MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the “Company” or “Manganese X”)
is pleased to announce that Manganese X has signed a Memorandum of Understanding (MOU)
with US battery technology leader C4V, leading to a potential offtake deal from the Company’s
Battery Hill High Purity Manganese project in Woodstock, New Brunswick, Canada.
The non-binding agreement is based on the potential supply of Electric Vehicle (EV) compliant
High Purity Manganese Sulfate Monohydrate (HPMSM), a sample of which is currently being pre-
qualified by C4V for its Gigafactory joint ventures. The sample was produced as part of the
Manganese X’s Pilot Plant Project, using its patent pending ground -breaking manganese
purification technology to process Battery Hill manganese carbonate into EV (Electric Vehicle)
compliant High Purity Manganese Sulfate Monohydrate (HPMSM) as a pre-curser to the cathode.
Manganese X CEO Martin Kepman commented, “This is a significant step in Manganese X’s
mission to become a sustainable and reliable North American supplier of HPMSM and could even
potentially lead to being a worldwide supplier, thanks to C4V which also repr esents additional
Gigafactories around the world. Through this MOU, we can ensure our HPMSM meets C4V
specifications with the goal of progressing towards a binding offtake deal for our Battery Hill
manganese.”
Kepman continued, “Our timing is excellent as EV car manufacturers ramp up their efforts to
secure long term supplies of High Purity Manganese. Manganese is consistently in the news as
a battery chemistry of choice. Not only is it less expensive to proce ss, manganese provides the
EV battery with greater energy density and rechargeability, as well as a longer life cycle.”
C4V is a US battery technology company and a global leader in renewable battery technology as
well as involved in some of the world’s largest Gigafactory developments, including Recharge
Industries’ Gigafactory in Geelong, Australia and iM3NY’s Gigafactory in the United States.
Shailesh Upreti C4V CEO remarked, “We are very excited to be part of a journey paving a robust
path for domestic manufacturing and a sustainable North American supply chain . Our
collaboration with Manganese X Energy is a testament to C4V’s aggressive and comprehensive
supply chain program to identify cutting edge technologies and resource partners to achieve our
net zero emission goals in a timely manner. We strongly believe manganese is a metal that has
a significant role in this journey.”
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 A merican 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.
About C4V
C4V™ is a lithium -ion battery technology company possessing critical insight related to the
optimum performance of lithium -ion batteries and Gigafactories. C4V’s discoveries have been
fruitful in vastly extending battery life, safety and charge performance, however more important is
the Gigafactory offering that allows emerging countries to establish their own robust
manufacturing ecosystem. C4V works with industry-leading raw material suppliers and equipment
supply chain to bring to market fully optimized batteries possessing key economic advantages
providing the ultimate “best in class” performance for various applic ations and end -to-end
solutions to produce them on a Gigawatt hour scale. Among four different Gigafactory projects
across the globe under development, iM3NY is C4V’s maidan lithium -ion cell manufacturer
Gigafactory located at Endicott New York, the birthplace of IBM. With its highly scalable business
model C4V aims to achieve 100GWh cell production capacity globally by 2030.
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 Information:
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, among other
things, the Company’s exploration plans, assay analysis and results therefrom, and the upcoming
Pre-Feasibility Study. Forward -looking statements are frequently, but not always, identified by
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accurate, and actual results and future events could differ m aterially 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 uncertainties 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
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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.