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Manganese X Energy Notes and Applauds President Biden's Executive Order to Secure America's Critical Supply Chains for Manganese and Electric Vehicle Batteries
Montreal, Quebec--(Newsfile Corp. - March 1, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: MNXXF) (the "Company") Manganese X Energy is pleased
About this update from Manganese X Energy Corp.
[{"type":"text","content":" Montreal, Quebec--(Newsfile Corp. - March 1, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: MNXXF) (the \"Company\") Manganese X Energy is pleased to announce that it applauds President Biden's new Executive Order aiming to secure America's Critical Supply Chains by mandating a 100-day review of critical product supply chains in the US. The Executive Order (the \"Order\"), signed February 24th, focuses on identifying and prioritizing critical and essential goods and materials, including computer chips, large capacity batteries, active pharmaceutical ingredients and critical and strategic materials, as well as rare-earth minerals. The Order sets out the intention of working with US allies and partners, specifically \"assessing allied and partner actions\", as a part of the process and offering \"possible avenues for international engagement\". The US government critical minerals list consists of commonly used Lithium-ion battery materials, including manganese and graphite, both of which the Company is vitally involved in. The Order is: https://www.whitehouse.gov/briefing-room/presidential-actions/2021/02/24/executive-order-on-americas-supply-chains/ Manganese X Energy CEO Martin Kepman commented, \"The Executive Order is extremely favorable to the Company's efforts to commercialize our manganese production. The US Administration's effort to secure domestic supply chains puts our company at the center of a North American bullseye. Our Battery Hill, New Brunswick manganese property is in close proximity to the US border. Further, as duly noted, there is currently zero North American manganese production. Manganese X Energy is positioning to cure this domestic vulnerability by accelerating our commercialization efforts to be a supplier to the growing North American Electric Vehicle (EV) sector. Additionally, our subsidiary, Graphano Energy, soon to be spun out and separately listed as GEL, is aiming to be one of North America's largest graphite producers.\" A report produced by Deloitte Touche Tohmatsu forecasts that globally there will be an annual growth rate in EV sales of 29 percent, from 2.5 million in 2020 to 11.2 million in 2025, and reaching 31.1 million by 2030. CEO Martin Kepman stated, \"Tesla recently had a research development breakthrough by removing cobalt and increasing the percentage of manganese use...