Manganese X releases Battery Hill phase 2 met results

Jan 14, 2021

2021-01-14 00:31 ET – News Release

Mr. Martin Kepman reports

MANGANESE X RECEIVES METALLURGICAL RESULTS DEMONSTRATING HIGH RECOVERY RATE, IMPROVED EFFICIENCY AND ECONOMICS FOR EV BATTERY USAGE

Manganese X Energy Corp. has released favourable metallurgical results from the Battery Hill phase 2 program that demonstrate even greater efficiency and improved economics.

Manganese X chief executive officer Martin Kepman stated: “The news keeps getting better in the processing of the Battery Hill manganese ore. Recovery rates are impressive, and the applied process for purification has been refined to achieve greater efficiency and improved economics. Manganese continues to be spotlighted as a greener and more ethically friendly metal that could replace cobalt. We are making excellent progress towards our goal of producing ultrahigh-purity battery-grade manganese products for the growing electric vehicle and energy storage sectors.”

Manganese X, together with Kemetco Research Inc., is completing the continuing testwork to develop a commercially viable flow sheet to produce battery-grade manganese products using the sustainable and ethical North American mineralization at the Battery Hill property located near Woodstock, N.B., Canada.

In phase 1, using a series of bench-scale leach, purification and crystallization processes, Kemetco produced a high-purity manganese sulphate product with a purity of up to 99.95 per cent. This has been considered a transformational achievement, demonstrating the company’s Battery Hill mineralization can be compliant and suitable for battery manufacturing use in electric vehicles, energy storage systems and other high-tech applications.

Phase 2 of Kemetco’s overall testing consisted of the development of a more efficient, workable extraction process and flow sheet for the generation of high-grade manganese sulphate. The most recent bench-scale tests consisted of defining suitable unit operations for leach extraction, solid-liquid separation, primary purification and crystallization upgrading.

Kemetco noted the most recent results are highly significant and very encouraging as they provide a potential route to eliminate a major step in the purification process that would result in major cost benefits, as well as an increase in purification efficiency. Significant results include:

The significant achievement of an overall recovery rate of 85 per cent;
Eliminating purification processes that will significantly reduce overall costs;
Improved purification results with extremely low levels of base and alkali metal contaminants;
Enhanced opportunities for commercialization.

Testwork is continuing with Kemetco. Manganese X looks forward to the final completion and reporting related to the phase 2 program, which is expected within the next two to four weeks. Upon completion, Manganese X will expediate work programs to support the company’s planned PEA (preliminary economic assessment).

The company is also pleased to announce that it has approved the grant of 800,000 stock options to purchase common shares of the company to consultants of the company. The options were issued with an exercise price of 25 cents per common share. The options granted to the company’s directors and consultants have a term of three years with vesting immediately. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange.

All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.

Manganese’s X mission is to acquire and advance high-potential manganese mining prospects located in North America with the intent of supplying value-added materials to the lithium ion battery and other alternative energy industries. In addition, the company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green/zero-emission technologies while processing manganese at a lower competitive cost.

We seek Safe Harbor.

https://www.manganesexenergycorp.com/