RETRANSMISSION: Manganese X Energy Corp. Provides Key Updates on Strategic Advancements Towards EV Compliant High Purity Manganese Commercialization
Manganese X Energy Corp (TSXV: MN, OTCQB: MNXXF) provides key updates on its progress towards commercializing High Purity Electric Vehicle (EV) compliant manganese. The company is advancing several strategic initiatives:
1. C4V MOU Update: Pretesting prequalification process for potential offtake deal, with Phase One tests meeting EV standards.
2. Non-Provisional Patent Filing: Seeking protection for EV compliant manganese technology.
3. Pilot Plant Project: Evaluating technologies and upgrading metallurgical flow sheet for the Battery Hill pre-feasibility study.
4. Third-Party Lab Verification: Independent US lab analysis confirmed the company's HPMSM sample meets rigid EV battery standards.
CEO Martin Kepman emphasizes 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 (TSXV: MN, OTCQB: MNXXF) fornisce aggiornamenti chiave sui suoi progressi verso la commercializzazione del conforme agli Electric Vehicle (EV) di alta purezza. L'azienda sta portando avanti diverse iniziative strategiche:
1. Aggiornamento su C4V MOU: Processo di prequalifica per il test preliminare per un potenziale accordo di acquisto, con i test della Fase Uno che soddisfano gli standard degli EV.
2. Deposito di Brevetto Non Provvisorio: Richiesta di protezione per la tecnologia del manganese conforme agli EV.
3. Progetto di Impianto Pilota: Valutazione delle tecnologie e aggiornamento del flusso metallurgico per lo studio di pre-fattibilità di Battery Hill.
4. Verifica di Laboratorio da Parte di Terzi: L'analisi indipendente di un laboratorio statunitense ha confermato che il campione di HPMSM dell'azienda soddisfa i rigidi standard delle batterie EV.
Il CEO Martin Kepman sottolinea la posizione dell'azienda nell'affrontare la prevista carenza di manganese di alta purezza entro il 2030, in linea con il piano di transizione agli EV del governo canadese.
Manganese X Energy Corp (TSXV: MN, OTCQB: MNXXF) proporciona actualizaciones clave sobre su progreso hacia la comercialización de manganeso de alta pureza compatible con vehículos eléctricos (EV). La empresa está avanzando en varias iniciativas estratégicas:
1. Actualización del MOU de C4V: Proceso de precalificación de prepruebas para un posible acuerdo de compra, con las pruebas de la Fase Uno cumpliendo con los estándares de EV.
2. Solicitud de Patente No Provisional: Buscando protección para la tecnología de manganeso compatible con los EV.
3. Proyecto de Planta Piloto: Evaluación de tecnologías y actualización del flujo metalúrgico para el estudio de prefactibilidad de Battery Hill.
4. Verificación de Laboratorio de Terceros: Un análisis independiente de un laboratorio estadounidense confirmó que la muestra de HPMSM de la compañía cumple con los estrictos estándares de baterías EV.
El CEO Martin Kepman enfatiza la posición de la compañía para abordar la anticipada escasez de manganeso de alta pureza para 2030, alineándose con el plan de transición a los EV del gobierno canadiense.
Manganese X Energy Corp (TSXV: MN, OTCQB: MNXXF)는 고순도 전기차 (EV) 호환 망간을 상업화하기 위한 진행 상황에 대한 주요 업데이트를 제공합니다. 회사는 여러 전략적 이니셔티브를 추진하고 있습니다:
1. C4V MOU 업데이트: 잠재적인 오프테이크 계약을 위한 사전 테스트 자격 검사 과정에서 1단계 테스트가 EV 기준을 충족했습니다.
2. 비임시 특허 출원: EV 호환 망간 기술에 대한 보호를 요청하고 있습니다.
3. 파일럿 공장 프로젝트: Battery Hill의 사전 타당성 연구를 위한 기술 평가 및 야금 흐름도 업그레이드 진행.
4. 제3자 실험실 검증: 독립적인 미국 실험실 분석 결과, 회사의 HPMSM 샘플이 엄격한 EV 배터리 기준을 충족함을 확인했습니다.
CEO 마틴 켑먼은 회사가 2030년까지 고순도 망간의 예상 부족을 해결할 수 있는 위치에 있다고 강조하며, 이는 캐나다 정부의 EV 전환 계획과 일치합니다.
Manganese X Energy Corp (TSXV: MN, OTCQB: MNXXF) fournit des mises à jour clés sur ses avancées vers la commercialisation du manganèse de haute pureté conforme aux véhicules électriques (EV). L'entreprise fait progresser plusieurs initiatives stratégiques :
1. Mise à jour du MOU C4V : Processus de préqualification de prétest pour un potentiel accord d'achat, les tests de la phase un répondant aux normes des EV.
2. Dépôt de brevet non provisoire : Recherche de protection pour la technologie du manganèse conforme aux EV.
3. Projet de pilote d'installation : Évaluation des technologies et mise à niveau du schéma métallurgique pour l'étude de faisabilité préliminaire de Battery Hill.
4. Vérification en laboratoire par des tiers : L'analyse indépendante d'un laboratoire américain a confirmé que l'échantillon HPMSM de l'entreprise répond aux normes strictes des batteries EV.
Le PDG Martin Kepman souligne la position de l'entreprise pour faire face à la pénurie anticipée de manganèse de haute pureté d'ici 2030, en accord avec le plan de transition aux EV du gouvernement canadien.
Manganese X Energy Corp (TSXV: MN, OTCQB: MNXXF) gibt wichtige Updates zu seinen Fortschritten bei der Kommerzialisierung von hochreinem, elektrisch fahrzeugspezifischem (EV) Mangan. Das Unternehmen verfolgt mehrere strategische Initiativen:
1. Aktualisierung des C4V MOU: Vorabqualifikationsprozess für potenziellen Abnahmevertrag, wobei die Tests der ersten Phase die EV-Standards erfüllen.
2. Einreichung eines nicht vorläufigen Patents: Schutz für die EV-kompatible Mangan-Technologie wird angestrebt.
3. Pilotanlagenprojekt: Technologieanalyse und Aktualisierung des metallurgischen Flussdiagramms für die Machbarkeitsstudie von Battery Hill.
4. Drittanbieter-Laborverifikation: Unabhängige US-Laboranalysen bestätigten, dass das HPMSM-Proben des Unternehmens strengen EV-Batteriestandards entspricht.
CEO Martin Kepman betont die Position des Unternehmens, um dem erwarteten Mangel an hochreinem Mangan bis 2030 zu begegnen, was mit dem EV-Übergangsplan der kanadischen Regierung übereinstimmt.
- C4V's Phase One tests of HPMSM sample met required EV standards
- Non-provisional patent application for EV compliant manganese technology progressing
- Independent US lab verification confirmed HPMSM sample meets rigid EV battery standards
- Strategic position to address anticipated high-purity manganese shortage by 2030
- 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/221225
FAQ
What is the status of Manganese X Energy's (MNXXF) MOU with C4V?
Has Manganese X Energy (MNXXF) filed for patent protection of its EV compliant manganese technology?
What is the current status of Manganese X Energy's (MNXXF) Battery Hill project?
Has Manganese X Energy's (MNXXF) HPMSM sample been independently verified?
