High tech minerals company Manganese X Energy Corp (Manganese X Energy Stock Quote, Charts, News, Analysts, Financials TSXV:MN) continues its journey towards commercializing production of high-grade manganese, with the aim of supplying the in-demand element for the still-expanding lithium ion battery industry.
Quebec-based Manganese X provided on Tuesday an update on metallurgical work being conducted at its Battery Hill project near Woodstock, New Brunswick, saying that flowsheet improvements are being recorded which will amount to significant cost reductions in manganese production used in the lithium ion battery, electric vehicle and stored energy material sectors.
“We continue to improve the economics of our flowsheet,” said Manganese X Energy’s CEO Martin Kepman CEO in a press release. “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,” Kepman said.
The company said its Phase 3 processing and metallurgical work at the Battery Hill site should be completed around October 25, 2021, part of a Preliminary Economic Assessment (PEA) at Battery Hill.
Manganese X, which is carrying out the PEA with Kemetco Research, said the Phase 3 metallurgical program focuses on an innovative...
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