Manganese X, Kemetco outlining next phase of project

Jul 22, 2019

2019-07-22 07:08 ET – News Release

Mr. Martin Kepman reports

MANGANESE X ENERGY CORP. ANNOUNCES QUARTERLY UPDATE

Manganese X Energy Corp. has released a quarterly review and update of its projects, goals and accomplishments. The company is very encouraged and looks forward moving forward on its projects listed below during the third quarter.

Kemetco Research Inc.

As previously announced, Manganese X Energy, in collaboration with Kemetco Research Inc., was able to produce manganese sulphate with a purity exceeding 99.6 per cent and with very low levels of base and alkali metals. The company and Kemetco Research are moving forward with the purification process and are currently outlining the next phase of the project aimed at producing high-purity (greater than 99.9 per cent) battery-grade manganese compounds for use in different types of battery chemistries (that is, lithium ion and alkaline). The company looks forward in accelerating its Kemetco Research project in August due to previous scheduling commitments by Kemetco Research.

Disruptive Battery Corp.

Manganese X has formed a stand-alone subsidiary within the parent company called Disruptive Battery Corp. for the purposes of accelerating a manganese thesis as it relates to fuel cells, with the intent to advance the movement of manganese for greener power production and penetrating the electric vehicle market. The company’s intentions are to network and promote a manganese-based solution for lithium-ion batteries. Manganese X is assessing potential participation, or possible partnership in business and academia, and is pursuing various opportunities

Battery Hill property (New Brunswick)

The company is planning a fall drill program to complete a National Instrument 43-101 resource estimate with the intention of upgrading its current classification of mineralization. The program will focus on near-surface, higher-grade areas of the deposit such as the Moody Hill sector.

Mountain Spring Oil and Gas Ltd. (MSOG)

Having been advised of an extension to July 11 in acquiring its anticipated oil and gas property located in Western Canada, Manganese is awaiting news from MSOG.

This established cash-bearing oil and gas property located in Western Canada has complete infrastructure on all of the existing and future production and is under a closed production contract. Manganese X presently owns 15 per cent of MSOG and has an option of increasing ownership with an additional 10-per-cent interest, upon MSOG completing its current acquisition and with Manganese X board approval.

The company’s strategy is to leverage the potential cash flow from dividends generated by its interest in MSOG’s oil and gas production wells, to advance the Battery Hill manganese, Peter Lake copper-nickel-cobalt and Lac Aux Bouleaux (LAB) graphite projects, as well as other potential opportunities.

Peter Lake copper-nickel project (Quebec)

The company is pleased to announce the completion of an extensive exploration program which started May 15. The company has just completed evaluating priority surface anomalies (induced polarization (IP), copper-nickel-cobalt soil anomalies, and indicated extensions of the known north and south occurrences) through detailed prospecting and geologic surveys in which several drill targets have been identified. It has applied for permits and upon acceptance of permits it will proceed with trenching and dynamiting. This initial work will be quickly followed by a significant drill program (if results are positive)

Lac Aux Bouleaux (LAB) graphite property (Quebec)

On July 11, 2019, Manganese X announced that it has entered into an agreement to acquire 100-per-cent beneficial interest in Lac Aux Bouleax graphite property (LAB graphite property) in Quebec. The property consists of 14 mineral claims in one contiguous block totalling 738.12 hectares near the town of Mont-Laurier, on NTS 31J05 in Southern Quebec. The transaction is subject to Toronto Stock Exchange approval.

Strategic location

The LAB graphite property lies contiguous to the south of TIMCAL’s Lac des Iles graphite mine in Quebec which has the production capacity of 25,000 tonnes of graphite annually. There are several graphite showings and past-producing mines in its vicinity. Graphite is commonly found in the Grenville province rocks throughout this region and has been commercially mined from a number of deposits located between Mount Laurier in the north to the Ottawa River in the south. The company has completed an updated NI 43-101 technical report July 8, 2019, which describes historical exploration work on the property and will be filed on SEDAR. Manganese X intends to begin an exploration program or possible JV within the next couple of months (details to follow).

The preparation of the technical information in this news release of Battery Hill, Peter Lake Cu-Ni-Co, Lac Aux Bouleaux (LAB) graphite property and update of the Kemetco Research Inc. metallurgical project has been reviewed and approved by Roger Dahn, PGeo. Mr. Dahn is a qualified person as defined by National Instrument 43-101.

About Manganese X Energy Corp.

Manganese X Energy’s mission is to acquire and advance high-potential manganese, as well as additional mineral prospects, located in North America with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries, as well as the steel industry. In addition, the company is striving to achieve new methodologies, emanating with environmentally friendly green/zero-emission processes and producing manganese at a lower competitive cost.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/