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Manganese X Announces Battery Metals Association of Canada (BMAC) Membership
Montreal, Quebec--(Newsfile Corp. - October 21, 2021) - Manganese X Energy Corp. (TSXV: MN) (...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Announces Battery Metals Association of Canada (BMAC) MembershipMontreal, Quebec--(Newsfile Corp. - October 21, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF) (\"Manganese X\", \"MN\", or the \"Company\") is pleased to announce that it has joined newly-formed trade organization Battery Metals Association of Canada (\"BMAC\") whose mission is to grow the domestic lithium-ion battery chain and to expand the domestic supply chain.BMAC's membership consists of battery metals' entrepreneurs, explorers, developers and producers working together to support a rapidly changing energy landscape. This trade organization is dedicated to building a strong and enduring battery metals industry in Canada, as well as a Canadian supply chain. This is significant to Manganese X as it would help to create a domestic market for its high purity EV compliant manganese materials while completing its Preliminary Economic Assessment (PEA) on the Battery Hill manganese deposit strategically located in New Brunswick, Canada. \"We believe that in the upcoming years there will be a huge demand for a Canadian and US supply chain and especially for manganese which is an integral and growing mineral within the EV battery chemistry. We are pleased to have joined the BMAC and appreciate all their efforts to advance this situation,\" commented Martin Kepman, CEO of Manganese X.Manganese X hopes to collaborate with the BMAC community to address regulatory hurdles, obtain government grants and streamline approval processes to accelerate development times and lower costs.On the mining side, there are five battery minerals that are critical for lithium-ion batteries: cobalt, graphite, lithium, manganese and nickel. The BMAC notes that \"all the major battery minerals are found in Canada; however, many are not actively produced. As a supplier of battery metals and components, Canada's advantages include geological richness, location, an established mining industry and a clean electrical grid.\"Liz Lappin, BMAC President states, \"We are extremely pleased to have Manganese X join our membership. Canada's focus in this critical and increasingly strategic area should be inclusive of the entire value chain from raw materials, production and chemical processing all the way to EV manufacturing and recycling.\"Manganese X is also proud to be...