Martin Keppman, CEO of Manganese Futurist and Manganese X Energy, also commented on the proprietary disposal process that justifies a premium for the market value of Manganese X.
Saint-Laurent, May 20, 2022 (Globe Newswire) –
Martin Keppman, CEO of Manganese, says PEA marks the most significant milestone ever for manganese X and pioneered the first publicly traded company in Canada and the United States to commercialize high-precision electric vehicles (EVs) for quality manganese. .
Manganese X Energy Corporation (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF) (“Manganese X”, “MN”Or “Organization”) Woodstock, New Brunswick is pleased to announce positive results from the Independent Preliminary Economic Assessment (“PEA”) for the wholly-owned Battery Hill project (“Project”). PEAT was developed by Wood Canada Limited (“Wood”), an independent engineering services group with extensive experience in mining and mineral processing.
The full PEA report is now available here:
- Strong economy
- HPMSM market price
- Price sensitivity
- Long mine life
- Low environmental impact
- The purpose of the project
- Sensitivity analysis
Martin Keppman, CEO of Manganese X, said: “We are very pleased with the positive economic performance of our PEA.
Our Battery Hill mineral resource has the potential to be one of the most impressive manganese properties in North America and has several features that make it attractive for development and commercialization. Battery Hill has a strong economy, strong value metrics, and a relatively short payout period for relatively low capital investment.
PEA marks the most significant milestone ever for manganese X and pioneers the first publicly traded company in Canada and the United States to commercialize high-purity electric vehicles (EVs) for quality manganese. “
Martin Keppman, a manganese futurist, also commented on the proprietary liquidation process that justifies a premium for the market value of manganese XK.
In addition, Martin Keppman said, “The company is working diligently on corporate development outside of PEA and is currently in discussions with a number of interested parties as it relates to battery chemistry and the EV revolution.”
Learn about Manganese X Energy Corporation.
With the intention of supplying value-added materials to the lithium-ion batteries and other alternative energy industries, Manganese X aims to advance its battery heel project into production. The company strives to acquire new environmentally friendly and more efficient methods of processing manganese at a less competitive cost. The company is the only publicly traded manganese company in North America that is rapidly moving toward commercializing manganese deposits.
The subsidiary Disruptive Battery Corporation aims to develop an HVAC (heating, ventilation and air conditioner) air purification delivery system for cleaner and healthier air, with the aim of eliminating Covid-19 and other contaminants. See website for more information www.manganesexenergycorp.com.
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On behalf of the Board of Directors
Manganese X Energy Corp.
CEO and director
Email: [email protected]
This press release contains some information that may constitute “advanced information” under applicable Canadian Provincial Securities Act. Foresight data includes, but is not limited to, PEA results, including statements on net current prices, future production, future development and commercialization, cash cost estimates, proposed mining plans and methods, cash flow forecasts, and HPMSM. Recovery, permitting time and environmental assessment, ability to acquire surface rights at reasonable cost, mineral resource estimation, capital and operating cost estimation, project and mine estimation lifetime, permitting capacity as per target, time and estimated future production volume, exploration cost and potential uplift And alternatives, the efficiency and effectiveness of the proprietary extraction process of manganese X, including the ability to make a higher manganese product and its suitability for use in battery production. Readers should not rely on the front statement unnecessarily.
The foregoing statement involves known and unknown risks, uncertainties, and other factors that may differ materially from the actual results, performance, or achievements of Manganese X by future statements, performance, or accomplishments. PEA results are based on estimates only and many assumptions, any of which, if incorrect, can materially change the observed result. There is no guarantee that the project will be put into production. Factors that may affect outcomes include: actual outcomes of development activities; Project delay; Inability to raise funds to complete development; General business, economic, competitive, political and social uncertainty; The future cost or project cost of HPMSM can vary significantly and make any commercialization economical; The availability of alternative manganese sources or alternatives; Real manganese recovery; Conclusion of economic assessment; Changes in project parameters as plans are modified; Accidents, labor disputes, availability of skilled labor and productivity and other risks to the mining industry; Political instability, terrorism, insurgency or war; Delays in government approval, necessary permits or completion of development or construction activities; Mineral resource estimates related to the project can be proven wrong for any reason; Additional but currently unexpected work may be required to advance to the feasibility stage; Even if the project goes into production, there is no guarantee that the operations will be profitable; And Globex Mining Enterprises Inc. In addition to the risks related to the interpretation of Gross Metal Royalty (“GMR”) mentioned in the Company’s Alternative Agreement dated 22 April 2016 (“Alternative Agreement”, which includes: May be; (ii) reference pricing used to pay for metals and products produced from the project; and (iii) processing of metals supplied within a manufacturing facility and production stage in the price chain where GMR is payable, all of which have a significant effect on GMR pricing. May affect ৷ the alternative agreement is not the subject ৷ to date no outcome has been decided by any court or arbitrator on any lawsuit and the precise interpretation of the alternative agreement accordingly.
While Manganese X seeks to identify important factors that may make physical actions, events, or outcomes materially different from those described in the preceding statements, there may be other factors that may cause actions, events, or outcomes to differ from expected, estimated, or results. Intended. The forward-looking statements contained herein are made as of the date of publication of this newsletter and Manganese X denies any obligation to update any prudent statement as a result of new information, future events or results or otherwise, except as required by the applicable. Securities Act.
Neither the TSX Venture Exchange nor its regulation service provider (as defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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