Manganese X awaits TSX-V OK for Graphano to list

May 20, 2021

2021-05-20 00:37 ET – News Release

Mr. Martin Kepman reports

MANGANESE X PROVIDES UPDATE REGARDING THE GRAPHANO ENERGY SPIN-OUT TIMING AND RECORD DATE

Manganese X Energy Corp. has provided an update regarding the proposed timing of the previously announced statutory plan of arrangement with Graphano Energy Ltd. to spin out its Lac Aux Bouleaux graphite property, located in the province of Quebec. The Company and Graphano are awaiting approval from the TSX Venture Exchange (“TSXV”) for Graphano to list on the TSXV on a post-spin-out basis (tentative trading symbol GEL). Upon receipt from the TSXV, the Company will set a record date for the distribution of Graphano (“GEL”) shares to shareholders of Manganese X, on the basis of one GEL share for every eight Manganese X shares held on the specified record date.

Martin Kepman comments, “we are diligently working on value creation on multiple fronts. The Graphano spin-out is quickly coming up. Energy metals continue to remain a hot sector going forward as the strong global push to accelerate a cleaner battery driven electrification agenda continues unabated.”

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.

We seek Safe Harbor.

https://www.manganesexenergycorp.com/