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Manganese X Recognizes Newly Introduced US Onshoring Rare Earths ("ORE") Act
Montreal, Quebec--(Newsfile Corp. - July 23, 2020) - Manganese X Energy Corp. (TSXV: MN) (FSE...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Recognizes Newly Introduced US Onshoring Rare Earths (\"ORE\") ActMontreal, Quebec--(Newsfile Corp. - July 23, 2020) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (\"Manganese X\" or the \"Company\") Montréal, Québec, Canada, is pleased to recognize the strategy behind the newly introduced US Onshoring Rare Earths (\"ORE\") Act. The ORE Act introduced by Senator Ted Cruz on May 12, 2020, recognizes six important key critical materials - rare earths, scandium and the \"battery related materials\" lithium, cobalt, graphite, and manganese. Manganese X notes that it owns a 100% interest in two properties that contain critical battery materials (manganese and graphite) identified in the ORE Act, the LAB Graphite and the Woodstock Battery Hill Manganese properties. Brief details concerning these properties are below along with links to the Company's most recent National Instrument 43-101 Technical Reports.Lac Aux Bouleax Graphite Property (LAB Graphite Property):Former graphite producer located near the town of Mont-Laurier in the southern part of the province of Quebec.Lies contiguous to the south of TIMCAL's Lac des Iles graphite mine which had the production capacity of 25,000 tonnes of graphite annually.2020 technical report notes the large upside potential of the property for further graphite exploration and highlights that the property has good road access, with water and electricity available on site. 2015 metallurgical of the LAB graphite property produced three distinctly sized graphite concentrates, with the combined concentrates having overall graphite recovery rates of between 89.6 per cent and 96.2 per cent at grades of 91 per cent to 88.3 per cent graphitic carbon. More than 50 per cent of the total graphite in these tests was recovered in the jumbo- and large-flake concentrates, both of which are targeted for premium market prices.NI 43-101 Technical Report dated Feb. 18, 2020 is available on the Company's website and on SEDAR (link to the report: https://c50fafef-ee78-4aff-80cb-75e6c1a770a0.filesusr.com/ugd/29499b_cdd99f2228ea4584b423aea042e7a6cc.pdf)Woodstock Battery Hill Manganese Property:The Battery Hill project located in central New Brunswick is strategically situated 12 kilometers from the US (Maine) border, near existing power transmission lines, rai...