Martin Kepman, CEO and director, launches news and views for
Manganese X Energy to investors, using straight talk to explain the
upcoming developments within the Manganese mining news
world.
Saint-Laurent, Feb. 25, 2021 - InvestorsHub
NewsWire -- Manganese X Energy announced
an arrangement agreement to complete a spin-out of Lac Aux Bouleaux
(LAB) Graphite property located in Quebec, and the completion of
the Graphano private placement.
"The Arrangement is expected to result in the creation of
Graphano as an independent public company, which will initially be
focused on the exploration of the LAB Graphite Property for
graphite moving forward. Graphano is expected to have the ability
to source its own funding independent of the Company."
Martin Kepman, CEO and Director
What does the spin-out of the graphite asset mean for
Manganese X Energy investors and the future of Manganese X
Company?
" Spinning-out the graphite asset will enhance shareholder
value. Manganese X shareholders will receive a dividend for every 8
MNX shares held (designated at a future specified date), they will
receive 1 Graphano share which we believe will have tremendous
potential. "
Martin Kepman, CEO and Director
Manganese X Energy Announces Warrant
Listing
"January 20, 2021, -24,749,145 common share purchase warrants
(the "Warrants") will commence trading on the TSX
Venture Exchange ("TSXV") under MN.WT"
Why did Manganese X Energy Corporation issue "Warrants?"
How does this financial instrument help investors?
"The warrants were issued on September 3rd 2020 as part of a
private placement to raise additional exploration and working
capital for our Battery Hill Woodstock NB project and our upcoming
Lac Aux Bouleaux QC spin-out. Every investor who purchased shares
was issued the equivalent of their initial investment of shares in
the form of a matching share warrant at that moment. These warrants
must be exercised no later than September 3rd 2023 at which time
they will expire. This will allow Manganese X Energy Corp investors
holding these warrants to exercise their warrants at 0.15 cents a
share, or if they wish to trade them under the trading symbol MN.WT
on the TSX Toronto Venture Exchange (TSXV). "
Martin Kepman, CEO and Director
Manganese Replaces Cobalt Helping Tesla Benefit
from its New Technology - Report by Manganese X Energy
Corp
"Manganese is poised to be one of the primary elements important
in shifting the direction of those involved in manufacturing all
new battery systems necessary in storing electricity harvested from
clean energy produced from solar, wind, and tidal systems.
Manganese will become the catalyst for all new Lithium-ion
batteries and future backup energy storage products."
The recent Tesla development breakthrough of increasing the
percentage of Manganese and going Cobalt-free for their electric
vehicles (EV) batteries is revolutionary. The current tab
technology found in the Nickel Cobalt Manganese Lithium-ion
batteries will be phased out and replaced with a Nickel Manganese
Lithium-ion battery technology.
This new technological advancement was designed in a Tesla lab
environment by Tesla researchers, "these new tabless cells, which Tesla
is calling 4860 cells, will give the company's EV batteries five
times more energy capacity, make them six times more powerful, and
enable a 16 percent range increase for Tesla's vehicles."
"While these batteries are 2-3 years away from being
manufactured, the future looks very promising as the combination of
significantly increased Manganese with Nickel, the elimination of
Cobalt, thus improving the density of the battery, will potentially
make future Nickel Manganese Lithium-ion EV batteries far more
efficient and cost effective. This will be achieved by increasing
Manganese's previous composition considerably from 10 to 33.3%. We
are poised to exploit the increasing future demands for manganese
usage in EV batteries. Tesla has indicated they will be sourcing
battery materials from a future North American chain. Our manganese
asset is approximately 10 miles from the US border, and further, we
are the only manganese resource company in North America on a fast
track to commercialization, says Martin Kepman. Source:
Manganese X Energy Corp
If you want to know more about Manganese Sulphate MnSO4, with a
future high standard of extraction at purity levels of 99.95% and
very low contaminant rate, as well as the intricacies of how
Manganese Sulphate performs a critical function when utilized as
the precursor to the cathode, then don't hesitate to pay us a
virtual visit on the website of Manganese
X Energy Corp.
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2)( OTC : MNXXF) FRANKFURT: 9SC2 with its head office in
Montreal QC, owns 100% of the Battery Hill property project (1,228
hectares) located in New Brunswick Canada. Battery Hill is
strategically situated 12 kilometers from the US (Maine) border,
near existing infrastructures (power, railway and road). It
encompasses all or part of five manganese-iron zones, including
Iron Ore Hill, Moody Hill, Sharpe Farm, Maple Hill and Wakefield.
According to Brian Way (2012) master's thesis on the Woodstock
manganese occurrences, that includes Battery Hill, the area "hosts
a series of banded iron formations that collectively constitute one
of the largest manganese resources in North America, approximately
194,000,000 tonnes."
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Media contact:
R. William
514-816-4446
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News via: KISS PR
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###
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This forward-looking information involves known and unknown risks,
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Energy Corp.
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