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Manganese X Energy Pursues Pilot Plant Program
Montréal, Québec--(Newsfile Corp. - May 17, 2022) - Manganese X Energy Corp. (TSXV:...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Energy Pursues Pilot Plant ProgramMontréal, Québec--(Newsfile Corp. - May 17, 2022) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF) (\"Manganese X\", \"MN\" or the \"Company\") is pleased to provide an update after announcing the Battery Hill Manganese Project PEA (Preliminary Economic Assessment) results.In view of the positive PEA (press release dated May 12, 2022) that demonstrated robust economics and a long mine life, the company confirms a number of ongoing discussions with potential strategic partners looking to source high purity manganese products.As the next step to fast track the development of our Battery Hill project, the company has started the development of the pilot plant program. The CEO of Manganese X Energy already made a personal visit with Kemetco in Vancouver to discuss various options to advance the program.The Company intends to engage an engineering firm to design the work for its field pilot plant, which will utilize the company's innovative solution to produce high purity manganese sulphate without the use of selenium. The goal of the field pilot plant will be to demonstrate the company's proprietary process under near commercial scale operating conditions, using a modular design.Martin Kepman, CEO of Manganese X Energy, comments: \"We have received great feedback after publishing our strong PEA. Currently, there is zero manganese mining in Canada and the US. We aim to change this, and we are working diligently to facilitate a new North American production. At the current rate of EV production, a significant manganese deficit is being forecasted. Our Battery Hill manganese property and its corresponding long economic life cycle will help to mitigate this deficit down the road.\"The company also confirms it has applied to uplist to the OTCQX® Best Market, the highest quality tier of OTC markets in the US and will continue to trade under the symbol MNXXF.About the OTCQX® Best MarketThe OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qua...