Manganese X Energy Continues to Improve Battery Hill Processing for Scalable and Cost-Effective Production of High-Grade Battery Material Critical for EV / Stored Energy Markets
2021年10月12日 - 9:08PM
InvestorsHub NewsWire
Manganese X
Energy Continues to Improve Battery Hill Processing for Scalable
and Cost-Effective Production of High-Grade Battery Material
Critical for EV / Stored Energy Markets
Montréal,
Québec, Canada, October 12, 2021 -- InvestorsHub NewsWire --
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: MNXXF) ("Manganese X", "MN"
or
the "Company") is
pleased to provide
an update and results from its Phase 3 processing and metallurgical
work in support of the Preliminary Economic Assessment ("PEA")
currently underway. The Phase 3 metallurgical work continues to
produce flowsheet improvements that represent significant
cost reductions in the production of high-grade battery
material for the EV and stored energy
material applications. This work is an integral part of completing
our upcoming PEA, as the metallurgical processing is a key economic
component of the project. The PEA will characterize and assess the
economic and commercial viability of producing high-purity,
battery-grade manganese products from the Battery Hill project
located near Woodstock, N.B., Canada.
Martin Kepman CEO,
comments: "We continue to improve the economics of our flowsheet.
Manganese will be a high demand commodity for battery chemistry
going forward as more and more manufacturers shift from cobalt. The
key will be to ensure cost effective production that will allow
scalability. We are well positioned for supplying the North
American supply chain given our strategic location in New Brunswick
close to the US border."
Manganese X,
together with Kemetco Research Inc. ("Kemetco"), expects the Phase
3 work to be completed in or about the week of October
25th
2021. The
deliverables will also include producing samples of high purity
manganese sulphate monohydrate, (HPMSM) with EV compliant
contaminant levels, a product which is in demand as a pre-cursor
material for cathode manufacturing.
Highlights
-Kemetco has
completed a major milestone in its on-going Phase 3 process
development testwork with delivery of a complete process flowsheet
and initiation of locked-cycle testing to confirm the high
projected recovery rate of leached manganese into a high purity
manganese sulphate monohydrate (HPMSM) product.
-The current
metallurgical program is being conducted to support the PEA that is
currently underway. Leach optimization work has confirmed greater
than 80% leach recovery using composite material from the main
Moody Hill Central zone.
-During testing both acid consumption and
impurities were minimized. Subsequent testing has focused on an innovative
purification process to maximize recovermy of the extracted
manganese to the high purity manganese sulphate
monohydrate, (HPMSM) product, to reduce costs and improve the
environmental footprint.
-The projected
process balance has been delivered to Manganese X and its
engineering team, and these results will be confirmed and further
optimized through the current locked-cycle testing which simulates
the continuous process.
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 environment-friendly more efficient
methodologies, while processing manganese at a lower competitive
cost. The company is the only publicly traded
manganese
company in North America moving rapidly toward
commercialization of a manganese deposit.
Subsidiary Disruptive
Battery Corp.'s mission is to develop an HVAC (heating, ventilation
and air conditioning) air purification delivery system for cleaner
and healthier air, aiming to mitigate COVID-19 and other
contaminants on surfaces and in the air. For more
information visit the website at
www.manganesexenergycorp.com
On behalf of the
Board of Directors of
MANGANESE X
ENERGY CORP.
Martin
Kepman
CEO and
Director
Email: martin@kepman.com
Tel: 1-514-802-1814
Cautionary Note
Regarding Forward-Looking Statements:
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
This news
release contains "forward-looking information" including statements
with respect to the future exploration performance of the Company.
This forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements of
the Company, expressed or implied by such forward-looking
statements. These risks, as well as others, are disclosed within
the Company's filing on SEDAR, which investors are encouraged to
review prior to any transaction involving the securities of the
Company. Forward-looking information contained herein is provided
as of the date of this news release and the Company disclaims any
obligation, other than as required by law, to update any
forward-looking information for any reason. There can be no
assurance that forward-looking information will prove to be
accurate and the reader is cautioned not to place undue reliance on
such forward-looking information. We seek safe harbo
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