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RETRANSMISSION: Manganese X Energy Reviews 2022 and Looks Forward to 2023
Montreal, Quebec--(Newsfile Corp. - January 10, 2023) - Manganese X Energy Corp. (TSXV: MN) (FSE...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"RETRANSMISSION: Manganese X Energy Reviews 2022 and Looks Forward to 2023Montreal, Quebec--(Newsfile Corp. - January 10, 2023) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the \"Company\" or \"Manganese X\") is pleased to reflect that 2022 was another year of significant progress for the Company, highlighted by the advancement of its Battery Hill manganese project located near Woodstock, New Brunswick. The Company is methodically fulfilling its mission to become the first publicly traded mining Company in Canada and the US to commercialise high-purity EV compliant manganese.Martin Kepman, CEO of Manganese X, states:Experts are predicting that starting next year there will be a shortage of high purity manganese. This shortage will continue and, by 2030, with electric vehicles gaining greater market share, high-purity manganese demand should increase 10-fold. This demand would represent a forecast deficit of needed production of high purity manganese exceeding supply by many times.Major international EV and cathode makers, as well as Canadian Federal/Provincial government funding agencies, are now making commitments in opening major multi-faceted EV/battery production facilities in both Ontario and Quebec to meet the need of high-purity manganese in battery chemistries.Manganese continues to be recognised as an integral mineral within the EV battery cathode chemistries. Manganese is very cost effective as well as having the qualities that have the potential to improve density, capacity, rechargeability, safety and battery longevity to achieve the holy grail of 1,000 mile vehicle range.The Company is poised to take advantage of this situation and intends to become a major supplier to the North American EV and back-up energy storage supply chain by its methodical progress towards commercial production.Manganese X 2023 Strategies and GoalsPilot Plant and End User VerificationSuccessfully complete pilot plant project managed by Kemetco Research Inc. in the first quarter 2023 that will validate the Company's patent pending technology on a larger scale. Upon completion of the pilot plant project, send EV compliant 99.5% High Purity Manganese Sulphate Monohydrate (HPMSM) samples to EV, OEMs and cathode companies which have already requested samples and also to tour the pilot plant project at Kemetco's...