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 - Stockhouse

Montreal, Quebec--(Newsfile Corp. - October 12, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (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...

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