Twitter Facebook LinkedIn YouTube

Manganese X advances PEA of Battery Hill Manganese Project with Improved flowsheet optimisation demonstrating significant cost savings in the production of high grade battery material for the EV and stored energy space

Video Platform Video Management Video Solutions Video Player

Manganese X, together with Kemetco Research Inc., are completing the test work as part of the Preliminary Economic Assessment which will characterize and assess the economic and commercial viability of producing high purity, battery grade manganese products from the Battery Hill manganese project.

Additional Information:

Company: Manganese X
Website: http://www.ManganeseXEnergyCorp.com
Stock Symbol: TSXV: MN
Date Published: Aug 5, 2021
Transcript: Available

Video Transcript:

I’m Katriina Cotton for Investmentpitch Media

Manganese X Energy has updated shareholders on results of its ongoing processing and metallurgical studies on its Battery Hill manganese project.

Manganese X, together with Kemetco Research Inc., are completing the test work as part of the Preliminary Economic Assessment which will characterize and assess the economic and commercial viability of producing high purity, battery grade manganese products from the Battery Hill manganese project.

Improved flowsheet optimisation demonstrates significant cost savings in the production of high grade battery material for the EV and stored energy space.

The company’s 100% owned Battery Hill property, located in Carlton County, New Brunswick, consists of 56 claims totaling 896 hectares.

The manganese deposits are located approximately 5 kilometers northwest of the town of Woodstock and are easily accessible from the Trans-Canada highway via all-weather roads.

The property encompasses all or part of four manganese zones, being the Iron Ore Hill, Moody Hill, Sharpe Farm and Maple Hill zones.

In July, the company issued the first Mineral Resource Estimate for its Battery Hill project which consisted of 34.86 million tonnes in the Measured and Indicated categories, grading 6.42% manganese, plus an additional 25.91 million tonnes in the Inferred category, grading 6.66% manganese, using a 2.5% cut-off grade that reflects total operating costs having "reasonable prospects for economic extraction".

Leach optimization has been identified as a high priority for evaluating economic factors such as reagent consumptions and expected extraction rates.

Kemetco continues to reduce steps in the processing flowsheet and has achieved further upgrades in both the leaching and purification processes.

Here’s Martin Kepman, the company’s CEO, with a brief comment about today’s news.

The shares are currently trading at $0.23.

For more information, please visit the company’s website at www.ManganeseXEnergyCorp.com, contact Martin Kepman, CEO, at 514-802-1814 or email martin@kepman.com.

I’m Katriina Cotton for Investmentpitch Media