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Manganese X Energy Reviews 2021 and Looks Forward to 2022
Montreal, Quebec--(Newsfile Corp. - December 30, 2021) - Manganese X Energy Corp. (TSXV: MN) ...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Energy Reviews 2021 and Looks Forward to 2022Montreal, Quebec--(Newsfile Corp. - December 30, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB : MNXXF) (the \"Company\" or \"MN\") is pleased to announce that 2021 was another year of significant growth for the Company, highlighted by the advancement of its Battery Hill manganese project located near Woodstock, New Brunswick.Martin Kepman, CEO of Manganese X states,The manganese metal price has increased 100% during the year and has performed very well among the minor metal sectors.Experts are predicting that starting next year there will be a shortage of high purity manganese. This shortage will continue and by 2030 present production will only be fifth of the projected demand. Manganese X Energy Corp is poised to take advantage of this situation and to become a major supplier to North American EV and back-up energy storage requirements within the near future.Manganese X Energy 2022 Strategies and GoalsSuccessfully complete the Battery Hill project PEA and fast track directly into pre-feasibility or feasibility study. Pursue negotiations with a multi-national company to explore future development and sales of our value-added manganese materials to the North American marketsContinue to aggressively advance the development of its Battery Hill manganese property and the innovative, cost-effective metallurgical process developed to produce high purity manganese products to the fast-growing North American lithium-ion battery market.JV partner Purebiotic Air Corp anticipates application for FDA Certification of products. Development of a pilot plant is envisioned. Upgrading of the HVAC patent disbursement unit is planned.Highlights of 2021 ActivitiesWood PLC selected to implement a Preliminary Economic Assessment (PEA) on our Battery Hill ProjectThe Company selected Wood PLC to complete a Preliminary Economic Assessment (PEA) on our Battery Hill project located near Woodstock, New Brunswick. The PEA will evaluate the commercial viability of producing premium, high purity manganese products for the electric vehicle (EV) and back up energy storage sectors.The PEA is anticipated to be completed within 60 to 90 days. All early indications are positive, and we continue to be very optimistic for outstanding results.Martin Kepman, CEO of Manganese X Energy, stated, \"...