Business
Manganese X Energy Corp. Announces the Formation of a Technical and Marketing Advisory Board Focused on the Lithium Ion Battery Market
Montreal, Quebec--(Newsfile Corp. - January 16, 2017) - Manganese X Energy Corp. (TSXV: MN) (F...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"\nManganese X Energy Corp. Announces the Formation of a Technical and Marketing Advisory Board Focused on the Lithium Ion Battery MarketMontreal, Quebec--(Newsfile Corp. - January 16, 2017) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: SNCGF) (the \"Company\") is pleased to announce the formation of a Technical and Marketing Advisory Board focused on the lithium ion battery market. The objective of the Technical and Marketing Advisory Board is to guide and assist the Company's Board of Directors and management with various opportunities related to the use of novel technologies to produce more environmentally friendly Manganese for the lithium ion battery market at a low cost. The Technical and Marketing Advisory Board will also assist in the proper preparation of marketing materials and distribution channels for value added manganese products.The Company is very pleased to welcome Ms. Jessica Dahn, Mr. Jay Richardson and Mr. Peter W. Godbehere to the Technical and Marketing Advisory Board. Martin Kepman, CEO commented that, \"we are honoured by these impressive individuals joining our company.\" Management believes their extensive expertise and experience in their respective fields will be a benefit in the Company's pursuit to becoming a leading supplier of value added manganese materials in the United States and Canada. The Company will be focusing on processing manganese into manganese oxide as well as Electrolytic Manganese Dioxide (EMD), which is defined as converting manganese into a very pure high quality electrolytic manganese dioxide of 99.7% purity. At present, to the best of management's knowledge, there are no operating Manganese mining producers servicing the lithium ion battery and other alternative energy markets in North America. The Company is striving to achieve new methodologies emanating from environmentally friendlier processes, while producing value added manganese at a lower cost.Between January 1, 2016 and December 31, 2016, according to Metalbulletin.com, Manganese (Mn) appreciated in value more than 65% in 2016 to an average of $2,350 per tonne within the minor metals leaderboard category. Manganese ranked second in appreciation in a broad list to include the other components associated with the lithium ion battery (please refer to link for 2016 Review: minor metals leaderboard: https://www.met...