Manganese X Energy Corp. · TSXV:MN
Manganese X Energy — Investor Presentation (February 2026)
27 slides from Manganese X Energy's investor presentation, February 2026
Slide 1: Investing In The Future
Investing In The Future Manganese X Mission To become the first publicly traded mining company in Canada and the US to commercialize high-purity EV-compliant manganese ManganeseJune X2025 Energy Corp. FSE:MANGANESE 9SC X ENERGY TRADEGATE: CORP. 9SC TXSV: MN OTCQB: MNXXF
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation are forward-looking statements which may include, but are not limited to, statements with respect to the future financial or operating performance of Manganese X Energy Corp. and its projects, the market conditions, business strategy, corporate plan
Slide 3: Strategic Investor
Strategic Investor CEO Martin Kepman outlined the Company’s strategic vision, emphasizing a pivotal $2,000,000 investment from Mr. Eric Sprott. This investment positions Mr. Sprott as a Strategic Investor with Manganese X Energy Corp. and has received widespread support from shareholders and the pub
Slide 4: High Purity Manganese Supply & Demand
High Purity Manganese Global high purity Manganese demand will increase by tenfold to 2030 Supply & Demand Manganese is becoming the EV critical mineral of choice Global Demand 10x Less expensive to process Provides greater energy Greater density Global production Larger life-cycles needs to increas
Slide 5: Price Premium for HPMSM
Price Premium for HPMSM Non-Chinese supply is expected to retain a market premium over Chinese supply. To incentivize new high-grade manganese production outside China, ay 2025 prices near or above US $2,500/tonne are needed. 5
Slide 6: New EV Trends
New EV Trends By 2026, the EV battery revolution is EV Battery advancements: expected to take off in North America, Chinese automakers, including 1,000 km range with major automakers embracing this BYD, now have batteries with new battery technology. 1,000 km range and <5 min Simple transmissions an
Slide 7: Most Important Battery Chemistries
Most Important LMFP (Lithium Manganese Iron Phosphate) combines LFP’s safety with manganese’s energy boost. It offers Battery Chemistries: better performance, longer life, and strong thermal stability—ideal for EVs and energy storage. LMFP and LMR (60% High Purity Mn) LMR (Lithium Manganese-Rich) de
Slide 8: Higher Manganese Content In EV Battery Chemistry
Higher Manganese Content In EV Battery Chemistry (60% to 80% High Purity Mn in Cathode) Announced its LMFP L600 Tesla validated use. April 2025: cell, which boasts a range Improved battery packs Announced delivering a of up to 1,000km which is now drastically game-changing LMR cell. recharging in 3-
Slide 9: Battery Minerals And Technology Assets
Battery Minerals And Technology Assets Primary Corporate Assets Innovative patent purification technology Process ★ Flagship Asset - Battery Hill Manganese Deposit (47 year mine life based on PEA) • High Purity Manganese extraction processing technology in progress • Compatible with current and deve
Slide 10: Responsible and Ethical Source of Manganese
Responsible and Ethical Source of Manganese The Battery Hill project in New Brunswick • Consists of: 55 claims totalling 1228 hectares, located in New Brunswick, Canada • Encompasses all or part of 5 Manganese zones: Iron Ore Hill, Moody Hill, Sharpe Farm, Maple Hill and Wakefield • Excellent locati
Slide 11: PEA Highlights
PEA Highlights 25 Robust Economics NPV (10% discount rate): Capital costs (“CAPEX”) of $486M 25 % $350M USD USD internal rate of return (“IRR”) with a payback of 2.8 years Average annual Life of mine (“LOM”) gross revenue of operating cost (“OPEX”) of $177M USD 122/t USD material processed per year
Slide 12: PEA Highlights
PEA Highlights HPMSM Market Price Long Mine Life • Base case market price of USD2,900/t for battery- Potential to expand production. If market is there, can grade high-purity manganese sulphate (“HPMSM”) double production to meet the demand. is well below the long-term forecast price of 40 Total LOM
Slide 13: Pilot Plant Project
Pilot Plant Project Completed Recently Completed plant pilot project produced HPMSM EV compliant samples on larger and economic scale at a $1.5M cost, validating our technology. Independent 3rd party lab validation of compliant purity levels for EV battery chemistry ! HPMSM samples from plant pilot
Slide 14: Manganese X Energy Signs MOU With US Battery Technology Leader C4V
Manganese X Energy Signs MOU With US Battery Technology Leader C4V C4V is a U.S. battery technology company and a global leader in renewable battery technology, as well as involved in some of the world’s largest Gigafactory developments, We signed a non-binding Memorandum of including C4V’s Gigafact
Slide 15: Positive C4V Prequalification Phase 2 Results
Positive C4V Prequalification Phase 2 Results 70% Capacity Retention After 4,600 Cycles Advancing Towards Final Phase 3 Testing with C4V • Phase 2 results: Outperformed standard EV batteries by more than 2x • Represents over double the cycle life of conventional NMC EV batteries • Significantly outp
Slide 16: Positive Phase 2 Ore-Sorting Results
Positive Phase 2 Ore-Sorting Results Battery Hill Project – Woodstock, NB (August 2025) Key Highlights • 80% Increase in Mill Feed Grade – Higher manganese per tonne after ore sorting through waste rock reduction • Projected CAPEX & OPEX Savings – Smaller facilities, Ore sorting confirms reduced ene
Slide 17: Innovative purification technology process flow-sheet
Innovative purification technology process flow-sheet (Ore to final product) Leaching Ore Sorting Solid-Liquid Manganese X will become Mining / Separation Crushing one of very few companies in world producing Multi-stage MnSO4 directly from ore, Purification New process eliminates one of avoiding co
Slide 18: Battery Hill Prefeasibility Study
Battery Hill Prefeasibility Study Project Overview Location: Near Woodstock, New PFS Started, Completion Brunswick, 15 km from U.S. Border Targeted for Q4 2026 1,225 hectares, 54 claims Goal: EV & Energy Storage Readiness One of North America's Largest Manganese Carbonate Deposits Project De-Risking
Slide 19: Battery Hill Sustainable Manganese Project
Battery Hill Sustainable Manganese Project Low-impact, secure North American supply for EV batteries Battery Hill aims to be the leading environmentally responsible producer of High Purity Manganese for the North American EV battery industry Designed to deliver a secure, traceable domestic supply —
Slide 20: 2026 Strategies And Goals
2026 Strategies And Goals Based on the successful Battery Hill PEA we have initiated our pre-feasibility study to be completed by the 4th quarter 2026 to aggressively advance the Battery Hill project Pursue negotiations with a multi-national companies to explore future development and sales of our v
Slide 21: Key Milestones
Key Milestones 2026 2027 2028 2029 • PFS to be completed by Q4 2026 • Demonstration plant • Prepare mining • Final Construction and construction for Commercial Production • Initiate Lifecycle Study Project • Commence Feasibility modular production Evaluation Study • Finalized permitting • Continuing
Slide 22: Financial Details
Financial Details Number of Shares 215,072,436 Options 8,400,000 Warrants 31,533,240 Shares fully diluted 255,005,676 Market cap (01.2026) C$31 million Ownership High worth 16% investors 57% 27% Retailers Management & insiders 22
Slide 23: Management Team
Management Team Martin Kepman, Martin Kepman and Associates Inc., Roger Dahn, As Chairman of the Board, Mr. Dahn provides Chief Executive founded in 1982, is a business development Chairman of the guidance and direction to management in Officer & Director and management consulting firm owned Board &
Slide 24: Management Team
Management Team Jay Richardson, Jay Richardson is a Canadian Chartered Perry MacKinnon, Perry MacKinnon, PGeo, graduated in 1982 Chief Financial Accountant (CA CPA), a Singapore Certified Vice-President from Acadia University in Wolfville, N.S. (BSc, Officer & Director Public Accountant (CPA) and a
Slide 25: Management Team
Management Team Jay Luisa Richardson, Moreno, Dr. Moreno possesses unparalleled Perry Robert MacKinnon, Tjandra, Mr. Tjandra brings with him a unique blend of Ph.D., Chief Financial Director expertise in strategic minerals and related Vice-President Director professional management, leadership, and
Slide 26: Management Team
Management Team Desmond Tranquilla, Mr. Tranquilla, a native of New Brunswick Perry MacKinnon, P.Eng., Director and a graduate of the University of New Vice-President Brunswick, is a seasoned mining executive of Exploration with over 32 years of experience in project management, mine construction, o
Slide 27: Martin Kepman, CEO of Manganese X Energy Corp.
Our mandate remains unchanged: to become North America’s first publicly traded company to advance and commercialize a high-purity manganese deposit, supplying secure, ethically sourced, EV-compliant manganese to the battery supply chain. We continue to make tangible progress. Our completed pilot pro
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