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Montréal, Québec, Canada, June 23, 2020 , Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (“Manganese X” or the “Company”) Montréal, Québec, Canada, is pleased to announce favourable metallurgical results from Kemetco Research Inc. (“Kemetco”) phase two flow sheet development process that demonstrated greater efficiency and improved economics.
We successfully completed phase one yielding manganese sulphate with a purity exceeding 99.95 % and low levels of base and alkali metals using material from our Battery Hill property. This has been a transformational achievement demonstrating our resource material can be compliant with EV and other requirements.
Phase Two metallurgical bulk tests are underway and results are very encouraging as we continued to advance the development of a workable extraction process and flow sheet. We are also investigating the potential to reduce purification steps, which if successful could lead to major cost benefits.
The company, together with Kemetco, is developing a commercializable flow sheet in order to produce ultra-high-purity battery-grade manganese products for the growing electric vehicle and energy storage sectors, using the ethical and sustainable North American mineralization at Battery Hill.
Quoted in DOE Science News Source June 6 th 2020. “The demand for energy storage is too great for one technology to satisfy it, so we’re looking for environmentally friendly, safe, inexpensive alternatives,” said Jason Croy, a physicist in Argonne’s Chemical Sciences and Engineering division. “Manganese is a good option for that.”
Martin Kepman, CEO of Manganese X stated, “timing could not be better for showcasing manganese as it is certainly leading the technology revolution in the battery space. We continue to be excited by the progress of Kemetco in their cost reduction development of our flow sheet. Further, validation from The U.S. Department of Energy Argonne National Laboratory use of manganese for energy storage proves we are on the right path and we have the necessary assets for shareholder value creation.”
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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 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.
CEO and Director
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.
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