Manganese X Energy Corp. Provides Key Updates on Strategic Advancements Towards EV Compliant High Purity Manganese Commercialization
Manganese X Energy Corp. (MNXXF) has provided key updates on its progress towards commercializing High Purity Electric Vehicle (EV) compliant manganese. The company is advancing in several areas:
1. C4V MOU Update: Prequalification process for a potential offtake deal is in Phase Two, with initial tests meeting EV standards.
2. Non-Provisional Patent: Filed for protection on EV compliant manganese technology, with positive feedback from USPTO.
3. Pilot Plant Project: Evaluating technologies and upgrading metallurgical flow sheet for the upcoming Battery Hill pre-feasibility study.
4. Third Party Verification: Independent US lab analysis confirmed the company's HPMSM sample meets rigid EV battery standards.
CEO Martin Kepman highlighted the company's position to address the anticipated shortage of high-purity manganese by 2030, aligning with the Canadian government's EV transition plan.
Manganese X Energy Corp. (MNXXF) ha fornito aggiornamenti chiave sui suoi progressi verso la commercializzazione di manganese conforme agli standard dei veicoli elettrici (EV) ad alta purezza. L'azienda sta avanzando in diverse aree:
1. Aggiornamento MOU C4V: Il processo di prequalifica per un potenziale accordo di off-take è attualmente alla Fase Due, con i test iniziali che soddisfano gli standard EV.
2. Brevetto Non Provvisore: È stato presentato per la protezione sulla tecnologia del manganese conforme agli standard EV, con riscontri positivi dall'USPTO.
3. Progetto Impianto Pilota: Valutazione delle tecnologie e aggiornamento del ciclo metallurgico per il prossimo studio di pre-fattibilità di Battery Hill.
4. Verifica da Parte Terza: L'analisi di un laboratorio indipendente negli Stati Uniti ha confermato che il campione HPMSM dell'azienda soddisfa gli rigorosi standard delle batterie EV.
Il CEO Martin Kepman ha sottolineato la posizione dell'azienda nell'affrontare la prevista carenza di manganese ad alta purezza entro il 2030, in linea con il piano di transizione verso i veicoli elettrici del governo canadese.
Manganese X Energy Corp. (MNXXF) ha proporcionado actualizaciones clave sobre su progreso hacia la comercialización de manganeso de alta pureza conforme a los vehículos eléctricos (EV). La empresa está avanzando en varias áreas:
1. Actualización del MOU de C4V: El proceso de precalificación para un posible acuerdo de compra está en la Fase Dos, con pruebas iniciales que cumplen con los estándares de EV.
2. Patente No Provisional: Se ha presentado para la protección de la tecnología de manganeso conforme a los EV, con comentarios positivos de la USPTO.
3. Proyecto de Planta Piloto: Evaluando tecnologías y actualizando el flujo metalúrgico para el próximo estudio de pre-factibilidad de Battery Hill.
4. Verificación de Terceros: Un análisis de laboratorio independiente en EE. UU. confirmó que la muestra HPMSM de la empresa cumple con los rigurosos estándares de las baterías EV.
El CEO Martin Kepman destacó la posición de la empresa para abordar la anticipada escasez de manganeso de alta pureza para 2030, alineándose con el plan de transición a los vehículos eléctricos del gobierno canadiense.
망간 X 에너지 Corp. (MNXXF)는 고순도 전기차(EV) 규격 망간의 상용화 진행 상황에 대한 주요 업데이트를 제공했습니다. 회사는 여러 분야에서 진행 중입니다:
1. C4V MOU 업데이트: 잠재적 오프테이크 계약을 위한 사전 자격 과정이 2단계에 있으며, 초기 테스트가 EV 기준을 충족하고 있습니다.
2. 비임시 특허: EV 규격 망간 기술 보호를 위해 출원했으며, USPTO로부터 긍정적인 피드백을 받았습니다.
3. 파일럿 플랜트 프로젝트: 기술 평가 및 Battery Hill의 향후 사전 타당성 연구를 위한 금속 흐름도 업그레이드를 진행하고 있습니다.
4. 제3자 검증: 독립적인 미국 실험실 분석 결과, 회사의 HPMSM 샘플이 엄격한 EV 배터리 기준을 충족한다고 확인했습니다.
CEO 마틴 켑맨은 2030년까지 고순도 망간의 예상 부족 문제를 해결할 수 있는 회사의 입장을 강조하며, 캐나다 정부의 EV 전환 계획과 일치한다고 언급했습니다.
Manganese X Energy Corp. (MNXXF) a fourni des mises à jour clés sur ses progrès vers la commercialisation de manganèse conforme aux normes des véhicules électriques (EV) à haute pureté. L'entreprise avance dans plusieurs domaines :
1. Mise à jour du MOU C4V: Le processus de préqualificatif pour un potentiel accord d'achat est en phase deux, avec des tests initiaux répondant aux normes des EV.
2. Brevet Non Provisoire: Demande de protection sur la technologie du manganèse conforme aux EV, avec des retours positifs de l'USPTO.
3. Projet d'Usine Pilote: Évaluation des technologies et mise à jour du schéma métallurgique pour la prochaine étude de faisabilité de Battery Hill.
4. Vérification par un Tiers: Une analyse d'un laboratoire indépendant aux États-Unis a confirmé que l'échantillon HPMSM de l'entreprise répond aux normes strictes des batteries EV.
Le PDG Martin Kepman a souligné la position de l'entreprise pour faire face à la pénurie anticipée de manganèse à haute pureté d'ici 2030, en accord avec le plan de transition vers les véhicules électriques du gouvernement canadien.
Manganese X Energy Corp. (MNXXF) hat wichtige Aktualisierungen über seine Fortschritte zur Kommerzialisierung von hochreinem, für Elektrofahrzeuge (EV) geeignetem Mangan bereitgestellt. Das Unternehmen schreitet in mehreren Bereichen voran:
1. C4V MOU-Update: Der Vorqualifizierungsprozess für einen potenziellen Abnahmevertrag befindet sich in Phase Zwei, mit ersten Tests, die den EV-Standards entsprechen.
2. Nicht-Provisorisches Patent: Schutz wurde für die Technologie des EV-konformen Mangan eingereicht, mit positivem Feedback von der USPTO.
3. Pilotanlagen-Projekt: Bewertung von Technologien und Aktualisierung des metallurgischen Fließschemas für die bevorstehende Machbarkeitsstudie von Battery Hill.
4. Drittanbieter-Verifizierung: Eine unabhängige Analyse eines US-Labors hat bestätigt, dass das HPMSM-Muster des Unternehmens die strengen EV-Batteriestandards erfüllt.
CEO Martin Kepman hob die Position des Unternehmens hervor, um dem erwarteten Mangel an hochreinem Mangan bis 2030 zu begegnen, was mit dem EV-Übergangsplan der kanadischen Regierung übereinstimmt.
- Potential offtake deal with C4V progressing, with Phase One tests meeting EV standards
- Non-provisional patent application for EV compliant manganese technology receiving positive feedback from USPTO
- Independent lab verification confirming HPMSM sample meets rigid EV battery standards
- Strategic position to address anticipated high-purity manganese shortage by 2030
- Advancement in pilot plant project and metallurgical flow sheet for Battery Hill pre-feasibility study
- None.
Montreal, Quebec--(Newsfile Corp. - August 27, 2024) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the "Company" or "Manganese X") is pleased to present a quarterly review and update of its projects and accomplishments as the Company makes strides to become the first publicly traded mining company in Canada and the US to commercialize High Purity Electric Vehicle (EV) compliant manganese.
Manganese X CEO Martin Kepman shared his outlook on the future, "As we continue to navigate the dynamic landscape of EV investments, the Canadian government's ambitious transition plan sets a compelling stage. The government's infusion of billions of dollars into significant EV battery production facilities further underscores the industry's momentum."
He added, "Looking ahead, the anticipated shortage of high-purity manganese by 2030 places Manganese X at the forefront. We stand poised to address this challenge, positioning ourselves as a major supplier to the North American EV and energy storage supply chain. This aligns seamlessly with our commitment to drive innovation and contribute significantly to the sustainable evolution of the electric vehicle sector."
Kepman stated, "We are very encouraged and look forward to the third quarter of 2024, as we advance on our projects noted below."
C4V MOU Update: Pretesting Prequalification Process
- At the end of 2023, the Company signed a non-binding MOU regarding a potential offtake deal with US battery technology leader C4V. A High Purity Manganese Sulphate Monohydrate (HPMSM) sample is currently being prequalified by C4V for its Gigafactory joint ventures. Notably, the results of C4V's Phase One tests demonstrated that electrodes could be calibrated and also, while testing its rate, performance and capacities, these met the required EV standards. Capacities and performance of the sample also appeared stable during long cycling.
- C4V is currently moving into Phase Two of the prequalification process, that of more stringent validation to determine if Manganese X's sample meets standards required for long cycling performance and capacity retention of the cells.
Filing of Non-Provisional Patent
- Manganese X filed for non-provisional patent protection on its EV compliant manganese technology which when granted, will provide full patent protection, as well as enabling the Company to license its technology. Progress is being made as evidenced by the US Patent and Trademark Office (USPTO) recently seeking more information by contacting Kemetco Research Inc., the technology innovation company which wrote the patent application and is located in Richmond, BC, Canada. The USPTO representative stated that he was satisfied with the discussion.
Pilot Plant Project
- The Company, along with Kemetco Research Inc., is continuing to evaluate multiple technologies, demonstrating the technical feasibility of Manganese X's technology, including that of its own proprietary technology. This includes upgrading the Project's metallurgical flow sheet project in preparation for the Company's upcoming Battery Hill pre-feasibility study.
- This Project represents a significant step forward in the Company's strategic plan to commercialize manganese. Battery Hill, strategically located in Woodstock, New Brunswick, Canada, is one of largest manganese carbonate deposits in Canada and the US. The Company filed its Preliminary Economic Assessment (PEA) on SEDAR in June 2022, the first step towards its end goal of commercialization of High Purity Manganese.
Third Party Independent Lab Verification of Company's High Purity Manganese
- Manganese X recently engaged an independent US lab to perform an analysis of its HPMSM sample in order to detect the degree of contaminant impurities and ultimately determine if the test results will meet rigid EV battery standards.
- This sample was produced by Kemetco Research Inc. with the manganese carbonate originating from the Company's Battery Hill Mining Project. The results proved to be very successful and passed the rigid requirements.
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: martin@kepman.com
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 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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221183
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