MANGANESE X
Announces Battery Metals Association of Canada (BMAC)
Membership
Montréal,
Québec, Canada, October 21 2021 -- InvestorsHub NewsWire --
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF)("Manganese X", "MN", or
the
"Company")
is pleased to announce that it has
joined newly-formed trade
organization Battery Metals Association of
Canada ("BMAC") whose
mission is to grow the domestic lithium-ion battery chain and to
expand the domestic supply chain.
BMAC's membership consists of
battery metals' entrepreneurs, explorers, developers and producers
working together to support a rapidly changing energy
landscape. This trade organization is dedicated to
building a strong and enduring battery metals industry in Canada,
as well as a Canadian supply chain. This is significant to
Manganese X as it would help to create a domestic market for its
high purity EV compliant manganese materials while completing its
Preliminary Economic Assessment (PEA) on the Battery Hill manganese
deposit strategically located in New Brunswick, Canada.
"We believe that in the upcoming
years there will be a huge demand for a Canadian and US supply
chain and especially for manganese which is an integral and growing
mineral within the EV battery chemistry. We are pleased to have
joined the BMAC and appreciate all their efforts to advance this
situation", commented Martin Kepman, CEO of Manganese X
.
Manganese X hopes to collaborate
with the BMAC community to address regulatory hurdles, obtain
government grants and streamline approval processes to accelerate
development times and lower costs.
On the mining side, there are five
battery minerals that are critical for lithium-ion batteries:
cobalt, graphite, lithium, manganese
and nickel. The BMAC notes that
"all the major battery minerals are found in Canada; however, many
are not actively produced. As a supplier of battery metals and
components, Canada's advantages include geological richness,
location, an established mining industry and a clean electrical
grid."
Liz Lappin, BMAC President states, "We are extremely
pleased to have Manganese X join our membership. Canada's focus in
this critical and increasingly strategic area should be
inclusive of the entire value chain from raw materials, production
and chemical processing all the way to EV manufacturing and
recycling."
Manganese X is also proud to be a
member of Propulsion Quebec, whose mission is to position Quebec
among the world leaders in the development and deployment of land
transport modes, favouring intelligent and electric transport. The
Company appreciates their assistance and recommendations of
potential purchasers of its 99.95% purity, EV compliant Manganese Sulphate
Monohydrate (HPMSM) pertaining to the EV and back up energy
sectors.
About BMAC
https://www.bmacanada.org/mission/
BMAC's
mission is to grow the battery industry in Canada and to expand the
domestic supply chain through connection. From supporting key
research and development initiatives to building a strong
interconnected industry, while promoting new policy options – BMAC
is dedicated to building a strong and enduring battery metals
industry in Canada.
About Propulsion Quebec
https://propulsionquebec.com/
Propulsion
Québec is Québec's cluster for electric and smart transportation.
Its team works to mobilize the entire sector around joint projects
aimed at positioning Quebec as a global leader in developing and
implementing smart and electric modes of ground
transportation.
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 the only publicly traded manganese
company in Canada and US
striving
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 harbour.