MANGANESE X Energy Selects Wood for Preliminary Economic Assessment (PEA) on Battery Hill
April 22 2021 - 8:00AM
InvestorsHub NewsWire
MANGANESE
X Energy
Selects
Wood for
Preliminary
Economic
Assessment (PEA)
on Battery
Hill
Looking
to Production
of Ultra-High-Purity
Battery-Grade Manganese to
Supply Growing
Electric Vehicle and Energy Storage Sectors
Montréal, Québec, Canada, April
22 -- InvestorsHub NewsWire -- 2021 Manganese
X Energy Corp.
(TSXV: MN) (FSE: 9SC2) (OTC:
MNXXF)
("Manganese X" or
the "Company")
is
pleased
to
announce
the selection
of global
consulting and engineering company Wood
for
the purpose
of conducting a Preliminary
Economic Assessment
(PEA)
in order
to evaluate the economic
viability of its Battery Hill Manganese Project located
in
Woodstock,
New
Brunswick,
Canada.
The
PEA will
measure Battery Hill's
full
economic and
commercialization potential to produce
premium
ultra-high-purity battery-grade
manganese products for the burgeoning North
American EV and energy storage
sectors.
Manganese X
CEO Martin Kepman
comments, "We are
extremely excited to have
the highly
acclaimed Wood
conducting
our PEA
and
working very
closely with our metallurgical team
at Kemetco
Research Inc. We anticipate
this technical study
will validate our
new cost-saving metallurgical
processes and our upcoming patent application to economically
produce a competitive, safe, sustainable,
high
grade, EV compliant manganese product. With the demand for the
creation of a USA-Canada supply chain
lessening
the need
for foreign imports. along with
the continuing expansion
of EV
and back
up energy storage
units utilizing manganese, we
are very
optimistic for the future."
With
completion
of the latest
drill program
on
February
16th
2021 of
28
holes,
totalling 4509
meters,
the
Company expects
completion
of the
NI-43-101
compliant mineral resource
estimate
in
the near future.
Wood is a global leader in
consulting and engineering across energy
and the built environment, providing consulting expertise for
project and
operation solutions in more than 60 countries, employing around
40,000 people.
For the second
year in a row,
Wood has been
ranked the #1 Top
International
Design Firm in Engineering
News-Record's
2020 ranking.
Wood's
industry-recognised experts
in every facet of project assessment, development and
optimisation provide global mining
solutions across the full life cycle from initial concept studies
and design to project delivery,
operations and asset support.
Wood will utilize its
New
Brunswick-based team to address water, tailings,
environmental and social aspects of the study, and to support the
collection and estimation of local costs.
About Manganese X Energy
Corp.
Manganese
X's mission is to advance its Battery
Hill project into production, with the intent of supplying
value-added materials to the lithium-ion battery and other
alternative energy industries.
The
company is also striving to achieve new carbon-friendly more
efficient methodologies, while processing
manganese at a lower competitive cost. The company is
moving toward
commercialization of a manganese deposit in Canada.
Subsidiary
Disruptive Battery's mission is to develop an HVAC air purification
delivery system for cleaner and healthier air, aiming to
mitigate COVID-19 and other contaminants on surfaces and in the
air.
For more information visit the website at www.manganesexenergycorp.com
On behalf of
the Board of Directors of
MANGANESE X ENERGY CORP.
Martin
Kepman
CEO and
Director
Email: martin@kepman.com
Tel: 1-514-802-1814
Cautionary
Note Regarding Forward-Looking Statements:
Neither
TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news
release contains "forward-looking information" including statements
with respect to the
future exploration performance of the Company. This forward-looking
information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from
any future results, performance or achievements of the Company,
expressed or implied by such forward-looking statements. These
risks, as well as others, are disclosed within the Company's filing
on SEDAR, which investors are encouraged to review prior to
any transaction involving the securities of the Company.
Forward-looking information contained herein is provided as of the
date of this news release and the Company disclaims any obligation,
other than as required by law, to update any
forward-looking
information for any reason. There can be no assurance that
forward-looking information will prove to be accurate and the
reader is cautioned not to place undue reliance on such
forward-looking information. We seek
safe harbor.
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