RETRANSMISSION: Manganese X Energy Corp. Reports Key Achievements and Outlines 2025 Strategies
Manganese X Energy Corp (OTCQB: MNXXF) has announced significant progress on its Battery Hill manganese project near Woodstock, New Brunswick. The company received a pivotal $2,000,000 investment from Eric Sprott, who subscribed to 57,142,857 Subscription Receipts, pending shareholder approval at the February 28, 2025 AGM.
Key 2025 strategies include: initiating a pre-feasibility study (PFS) in Q2, advancing environmental and social studies, continuing discussions with First Nations, and pursuing partnerships and offtake agreements. The company has already made progress with C4V, a US battery technology leader, through a non-binding MOU for potential offtake agreements.
Notable 2024 achievements include successful pilot plant operations, distribution of HPMSM samples for EV-compliant testing, and filing for non-provisional patent protection. The company aims to become the first publicly traded mining company in Canada and the US to commercialize high-purity, EV-compliant manganese, addressing the anticipated shortage of high-purity manganese by 2030.
Manganese X Energy Corp (OTCQB: MNXXF) ha annunciato progressi significativi nel suo progetto di manganese Battery Hill, vicino a Woodstock, New Brunswick. L'azienda ha ricevuto un investimento fondamentale di $2.000.000 da Eric Sprott, che ha sottoscritto 57.142.857 ricevute di sottoscrizione, in attesa dell'approvazione degli azionisti nell'assemblea generale del 28 febbraio 2025.
Le strategie chiave per il 2025 includono: l'avvio di uno studio di prefattibilità (PFS) nel secondo trimestre, l'avanzamento degli studi ambientali e sociali, il proseguimento dei colloqui con le Prime Nazioni e la ricerca di partnership e accordi di acquisto. L'azienda ha già compiuto progressi con C4V, un leader statunitense nella tecnologia delle batterie, attraverso un MOU non vincolante per potenziali accordi di acquisto.
I risultati notevoli del 2024 includono operazioni di impianto pilota di successo, distribuzione di campioni di HPMSM per test conformi ai veicoli elettrici e deposito per protezione brevettuale non provvisoria. L'azienda mira a diventare la prima società mineraria quotata in borsa in Canada e negli Stati Uniti a commercializzare manganese di alta purezza, conforme ai veicoli elettrici, affrontando l'attesa carenza di manganese di alta purezza entro il 2030.
Manganese X Energy Corp (OTCQB: MNXXF) ha anunciado avances significativos en su proyecto de manganeso Battery Hill, cerca de Woodstock, New Brunswick. La empresa recibió una inversión clave de $2,000,000 de Eric Sprott, quien suscribió 57,142,857 Recibos de Suscripción, pendientes de la aprobación de los accionistas en la AGM del 28 de febrero de 2025.
Las estrategias clave para 2025 incluyen: iniciar un estudio de prefactibilidad (PFS) en el segundo trimestre, avanzar en estudios ambientales y sociales, continuar las discusiones con las Primeras Naciones y buscar asociaciones y acuerdos de compra. La empresa ya ha progresado con C4V, un líder en tecnología de baterías en EE.UU., a través de un MOU no vinculante para posibles acuerdos de compra.
Logros notables de 2024 incluyen operaciones exitosas de planta piloto, distribución de muestras de HPMSM para pruebas compatibles con vehículos eléctricos, y la presentación de una solicitud de protección de patente no provisional. La empresa aspira a convertirse en la primera compañía minera que cotiza en bolsa en Canadá y EE.UU. que comercializa manganeso de alta pureza, conforme a vehículos eléctricos, abordando la esperada escasez de manganeso de alta pureza para 2030.
Manganese X Energy Corp (OTCQB: MNXXF)는 뉴브런즈윅주의 우드스톡 근처에 있는 배터리 힐 망간 프로젝트에서 중요한 진전을 발표했습니다. 이 회사는 2025년 2월 28일 주주 총회에서의 승인 대기 중인 57,142,857개의 구독 영수증을 구독한 Eric Sprott로부터 $2,000,000의 중요한 투자를 받았습니다.
2025년 주요 전략은 2분기에 타당성 조사(PFS)를 시작하고, 환경 및 사회 연구를 진행하며, 원주율과의 논의를 이어가고, 파트너십 및 구매 계약을 추구하는 것을 포함합니다. 이 회사는 또한 미국 배터리 기술 리더인 C4V와의 비구속적인 양해각서를 통해 구매 계약의 잠재력을 위한 진전을 이룬 바 있습니다.
2024년의 주요 성과로는 성공적인 파일럿 플랜트 운영, 전기차 테스트에 적합한 HPMSM 샘플 배포, 비준형 특허 보호 신청 등이 있습니다. 이 회사는 캐나다와 미국에서 상장된 첫 번째 광업 회사가 되어 2030년까지 예상되는 고순도 망간의 부족 문제를 해결하고, 전기차에 적합한 고순도 망간을 상업화할 계획입니다.
Manganese X Energy Corp (OTCQB: MNXXF) a annoncé des avancées significatives dans son projet de manganèse Battery Hill, près de Woodstock, au Nouveau-Brunswick. La société a reçu un investissement crucial de $2,000,000 de la part d'Eric Sprott, qui a souscrit à 57,142,857 reçus de souscription, sous réserve de l'approbation des actionnaires lors de l'AGM du 28 février 2025.
Les principales stratégies pour 2025 incluent : le lancement d'une étude de préfaisabilité (PFS) au 2e trimestre, l'avancement des études environnementales et sociales, la poursuite des discussions avec les Premières Nations et la recherche de partenariats et d'accords de prise à fermes. L'entreprise a déjà progressé avec C4V, un leader américain de la technologie des batteries, à travers un protocole d'accord non contraignant pour des accords de prise à fermes potentiels.
Parmi les réalisations notables de 2024 figurent des opérations réussies de l'usine pilote, la distribution d'échantillons de HPMSM pour des tests conformes aux véhicules électriques et le dépôt pour protection de brevet non provisoire. L'entreprise vise à devenir la première société minière cotée en bourse au Canada et aux États-Unis à commercialiser du manganèse de haute pureté, conforme aux véhicules électriques, afin de répondre à la pénurie anticipée de manganèse de haute pureté d'ici 2030.
Manganese X Energy Corp (OTCQB: MNXXF) hat bedeutende Fortschritte bei seinem Manganprojekt Battery Hill in der Nähe von Woodstock, New Brunswick, angekündigt. Das Unternehmen hat eine entscheidende $2.000.000 Investition von Eric Sprott erhalten, der 57.142.857 Zeichnungsscheine gezeichnet hat, wobei die Genehmigung der Aktionäre auf der Hauptversammlung am 28. Februar 2025 abgewartet wird.
Die wichtigsten Strategien für 2025 umfassen: den Beginn einer Vorverträglichkeitsstudie (PFS) im 2. Quartal, die Fortschritte bei Umwelt- und Sozialstudien, die Fortsetzung der Gespräche mit den First Nations sowie die Suche nach Partnerschaften und Abnahmeverträgen. Das Unternehmen hat bereits mit C4V, einem US-amerikanischen Technologieführer im Bereich Batterien, Fortschritte durch eine unverbindliche Absichtserklärung für mögliche Abnahmeverträge gemacht.
Bemerkenswerte Erfolge im Jahr 2024 umfassen erfolgreiche Pilotanlagenbetriebe, die Verteilung von HPMSM-Proben für Tests, die den Anforderungen von Elektrofahrzeugen entsprechen, und die Beantragung eines nicht vorläufigen Patentschutzes. Das Unternehmen hat das Ziel, das erste börsennotierte Bergbauunternehmen in Kanada und den USA zu werden, das hochreines, für Elektrofahrzeuge geeignetes Mangan vermarktet und damit die erwartete Knappheit an hochreinem Mangan bis 2030 anzugehen.
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Manganese X Energy Corp. Advances Battery Hill Project Toward EV-Compliant Manganese Commercialization
Montreal, Quebec--(Newsfile Corp. - February 5, 2025) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) ("Manganese X" or the "Company") is proud to announce significant progress on its Battery Hill manganese project near Woodstock, New Brunswick. The Company is on track to become the first publicly traded mining company in Canada and the US to commercialize high-purity, EV-compliant manganese.
Major Milestones
CEO Martin Kepman outlined the Company's strategic vision, emphasizing a pivotal
"This investment has received widespread support from shareholders and the public," Kepman stated. "We are inspired to welcome Mr. Eric Sprott to the Manganese X family. His expertise and significant investment enhance our financial stability, accelerate progress on the upcoming pre-feasibility study (PFS), and open doors to licensing and technology opportunities."
Looking ahead, Kepman added, "The anticipated shortage of high-purity manganese by 2030 positions us as a leader in supplying North America's EV and energy storage markets. Our efforts are driving innovation and advancing the sustainable evolution of the electric vehicle industry."
2025 Strategies and Goals
Pre-Feasibility Study (PFS)
Initiate the PFS in Q2 to fast-track development and permitting of the Battery Hill deposit.
Conduct environmental, social, community, and geotechnical studies to support the PFS.
Complete life-cycle assessments to guide environmentally responsible decisions.
Continue discussions and provide updates to First Nations in the project area.
Partnerships and Offtake Agreements
Continue pre-qualification confirmations with C4V, a US battery technology leader, that HPMSM meets specifications. In connection with signed non-binding MOU and leading to potential offtake agreement.
Secure additional non-binding offtake agreements and continue discussions with potential customers.
Non-Provisional Patent Filing
- Advance to successful completion of non-provisional patent protection for high-purity manganese technology to secure licensing opportunities and full patent protection.
Pilot Plant Validation
- Complete and refine Q1 validation of patent-pending technology for cost-effective
production.
End-User Testing
- Provide high-purity manganese samples for North American supply chain pre-approval.
Demonstration Plant Financing
- Secure funding for a larger-capacity demonstration/processing plant.
2024 Highlights
MOU with C4V
- Signed a non-binding MOU with C4V for a potential offtake agreement, with samples undergoing Gigafactory prequalification. Successfully completed phase one of three pre-qualification processes.
Patent Progress
- Filed for non-provisional patent protection, paving the way for licensing opportunities.
Pilot Plant Success
- Distributed HPMSM samples for EV-compliant testing.
Battery Hill Advancements
- Completed a successful drill program and initiated environmental studies to advance the pre-feasibility stage.
By leveraging strategic partnerships, innovative technology, and sustainable practices, Manganese X is positioned to address the growing demand for high-purity manganese in North America's EV and energy storage markets.
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 2025, 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/239675
FAQ
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