Manganese X subsidiary in talks with Quebec outfit

Apr 22, 2020

2020-04-21 11:29 ET – News Release

Mr. Martin Kepman reports

MANGANESE X PROVIDES UPDATE ON BATTERY INITIATIVES

Manganese X Energy Corp. has provided an update on various projects, accomplishments and goals. Please note that, even though things have literally slowed down to a standstill due to the COIVID-19 pandemic, the company is working at progressing on a number of initiatives. It is very encouraged and looks forward to advancing the following projects listed herein.

Kemetco Research Inc.

On Feb. 27, 2020, Kemetco reported that it achieved MnSO4 (manganese (II) sulphate) (electric vehicle compliant) purity of greater than 99.95 per cent with low contamination factors in the final manganese sulphate product. The high purity levels achieved along with the low contamination levels attained has met the specs required by the EV and backup storage industries. The company has just received notification from Kemetco that it is presently in the process development and will now be focusing on upgrading the flow-sheet development to combine the steps identified into a complete process that is efficient and cost-effective. In the meanwhile, the company will be sending out to various companies the finished MnSO4 product to be evaluated as a precursor for EV batteries and backup storage units. The company is accelerating its efforts in this regard. Martin Kepman, chief executive officer of Manganese X, stated: “We are very pleased to be working and progressing on these specific projects despite the global tumult caused by the COVID crisis. We believe this crisis will fuel technological advancement and Manganese X wants to share in this evolution by promoting greener and relevant manganese-based solutions.”

Disruptive Battery Corp.

The company’s standalone subsidiary, Disruptive Battery, created for the purposes of accelerating a manganese thesis as it relates to fuel cells, is continuing discussions with a Quebec entity to participate in assisting to develop and supply battery-grade manganese materials for the North American lithium-ion battery market. The Quebec entity seeks to establish a national supply chain for cathode materials from the mine to the battery. To do so, it will develop partnerships with various battery-themed companies and Manganese X has been selected to participate in the development and supply of lithium-ion batteries. Further updates will follow.

In addition, Disruptive is also in preliminary discussions with a Canadian-based battery company nearing third-generation completion while utilizing manganese as its thesis and is looking to disrupt the multibillion-dollar industrial-battery segment. Disruptive Battery is presently performing its due diligence and intends to bring in a third party expert for evaluation. This is a high-value opportunity for the company and Manganese X remains optimistic at creating shareholder value.

Battery Hill Mn property, Woodstock, N.B., property

The company has sent out tenders to update its National Instrument 43-101 Technical Report. The company anticipates a drill program in the fall, depending on market conditions, to upgrade the mineralization to the inferred resource status in support of a future planned preliminary economic assessment.

Lac Aux Bouleaux (LAB) graphite property

The board of directors unanimously approved a dividend spinout of a NewCo from the LAB property to be traded on the TSX Venture Exchange in either September or October, depending on market conditions. The dividend will consist of, for every eight Manganese X shares owned by a shareholder, one NewCo share will be issued to the Manganese X shareholder. More updates to follow.

The preparation of the technical information in this news release of Battery Hill, LAB graphite property and update of the Kemetco metallurgical project has been reviewed and approved by Roger Dahn, PGeo. Mr. Dahn is a qualified person as defined by NI 43-101.

About Manganese X Energy Corp.

Manganese X’s 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.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/