- Manganese X Energy (MN) has released a corporate update as 2021 draws to a close
- The company completed a mineral resource estimate for its Battery Hill project in preparation for a preliminary economic assessment
- A predicted manganese shortage will allow Manganese X to become a major supplier of energy storage in North America in the next several years
- Manganese X will continue to develop the Battery Hill project in 2022 while developing new technologies for cost-effective manganese production
- Manganese X Energy is a Canadian junior mineral exploration and development company
- Manganese X Energy Corp. (MN) opened trading at $0.13 per share
Manganese X Energy (MN) has released a corporate update as 2021 draws to a close.
The company continued to grow this year by advancing its Battery Hill manganese project in New Brunswick.
Manganese X Energy completed a mineral resource estimate (MRE) for Battery Hill as it prepares to release a preliminary economic assessment (PEA) for the project.
The MRE identified 34.86 million tonnes of measured and indicated mineral resources grading 6.42 per cent manganese, plus an additional 25.91 million tonnes of inferred mineral resources grading 6.66 per cent manganese.
Phase 3 metallurgical work allowed the company to implement a state-of-the-art processing technology that will lead to lower costs when producing battery materials, another crucial milestone in preparation for the PEA.
According to Manganese X CEO Martin Kepman, “Experts are predicting that starting next year there will be a shortage of high purity manganese.
“This shortage,” added Mr. Kepman, “will continue and by 2030 present production will only be fifth of the projected demand.”
The predicted shortage will allow Manganese X to capitalize on the manganese market and become a major supplier of energy storage in North America.
In 2022, the company expects to complete its PEA at Battery Hill and fast-track to a pre-feasibility or feasibility study.
Manganese X will continue to develop the Battery Hill project while also working with its joint venture partner Purebiotic Air Corp to develop air purification technologies for hospitals. Purebiotic anticipates that it will soon be submitting a series of registrations, certifications, and applications for the technology.
Manganese X Energy is a Canadian junior mineral exploration and development company advancing its Battery Hill project into production.
The company is also striving to achieve new carbon-friendly more efficient methodologies while processing manganese at a lower competitive cost.
Manganese X Energy Corp. (MN) opened trading at $0.13 per share.