InvestmentPitch Media Video Discusses Manganese X Energy’s Preliminary Economic Assessment, Showing Average Annual Gross Revenue of US$220 Million over first 7 years, and Average Annual Gross Revenue of US$177 Million over 47-year Project Life
2022年5月16日 - 7:00PM
Manganese X Energy (TSXV:MN) (OTCQB:MNXXF) (FSE:9SC) announced
positive results from the independent Preliminary Economic
Assessment, prepared by Wood Canada Ltd., for its wholly owned
Battery Hill project, located approximately 6 km northwest of the
town of Woodstock and is accessible to the east via a new two-lane
road.
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company along with video comments by Martin
Kepman, President and CEO. The video is available for viewing on
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Key site infrastructure includes security and
administration, crushing facility, process plant and ancillaries,
sulphuric acid plant, mining facilities, waste rock storage
facilities, run of mine mill feed stockpile, sedimentation ponds,
power, water and fuel supply and distribution. Filtered residue
from the process plant will be trucked to the filtered residue
storage area for the first 24 years of mine production after which
residue will be trucked to the Moody Hill Pit 2 and backfilled.
After tax net present value is US$486 million,
using a 10% discount rate, with a 25% IRR and a CAPEX of US$350
million and a payback in 2.8 years. Life of mine is 40 years of
production and another 7 years of stockpile reclaiming.
Average annual gross revenue of US$220 million of
the first 7 years, with an average annual gross revenue of US$177
million over the 47-year project life. The life of mine operating
cost is just US$122 per tonne processed. The PEA used a base case
market price of US$2,900 per tonne for battery-grade, high-purity
manganese sulphate, well below the long-term forecast price of
US$4,200 estimated by CPM Group.
The company’s subsidiary, Disruptive Battery
Corp., is working on the development of an HVAC air purification
delivery system for cleaner and healthier air, aiming to mitigate
COVID-19 and other contaminants on surfaces and in the air.
The shares are currently trading at $0.39. For
more information, please visit the company’s latest news release
and website at www.ManganeseXEnergyCorp.com, contact Martin Kepman,
CEO, at 514-802-1814 or email martin@kepman.com.
Disclaimer
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video is for the viewers information only. Manganese X Energy has
paid a fee not exceeding $2,000 in cash to have its current news
release produced and distributed in video format. The corporate
information is based on information that is publicly available. Any
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Manganese X Energy (TSXV:MN)
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