- Manganese X Energy (MN) has announced the results of the Phase 3 processing work underway at its Battery Hill project
- The company continues to find ways to reduce the cost of producing high-grade battery materials
- The company is working with Kemetco Research Inc. to complete this processing and metallurgical work
- Manganese X and Kemetco Research expect the Phase 3 work to reach completion by October 25
- Manganese X Energy is a publicly traded manganese company advancing its Battery Hill project to production
- Manganese X Energy Corp. (MN) is currently down 1.89 per cent, trading at $0.26 per share
Manganese X Energy (MN) has announced the results of the Phase 3 processing work underway at its Battery Hill project.
Battery Hill, located in Woodstock, New Brunswick, is being developed towards commercialization.
The company is working with Kemetco Research Inc. to complete this processing and metallurgical work in support of the preliminary economic assessment (PEA) that is currently underway.
Phase 3 continues to produce improvements to reduce the costs of producing high-grade battery materials for electric vehicles and stored energy material.
Martin Kepman, CEO of Manganese X, commented on the progress.
“We continue to improve the economics of our flowsheet,” he said, adding, “We are well positioned for supplying the North American supply chain given our strategic location in New Brunswick close to the US border.”
Recently, Kemetco reached a major milestone in its process development testing at Battery Hill, delivering a complete process flowsheet and starting locked-cycle testing to confirm the high projected recovery rate of leached manganese into a high purity manganese product.
Manganese X and Kemetco Research expect the Phase 3 work to reach completion by October 25.
“The key will be to ensure cost effective production that will allow scalability,” said Mr. Kepman.
Manganese X Energy is a publicly-traded manganese company advancing its Battery Hill project to production.
Its goal is to achieve new environment-friendly more efficient methodologies while processing manganese at a lower competitive cost.
Manganese X Energy Corp. (MN) is currently down 1.89 per cent, trading at $0.26 per share as of 10:29 am ET.