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Martin Kepman, CEO of Manganese Says – The PEA represents the most significant milestone to date for Manganese X and makes us the forerunner of becoming the first publicly traded company in Canada and the US to commercialize high-purity electric vehicle (EV) quality compliant manganese.
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF) ("Manganese X", "MN", or the "Company") is very pleased to announce positive results from the independent Preliminary Economic Assessment ("PEA") for its wholly owned Battery Hill project (the "Project") located near Woodstock, New Brunswick. The PEA was prepared by Wood Canada Ltd. ("Wood"), an independent engineering services group with extensive experience in mining and mineral processing.
PEA Highlights:
Robust Economics
HPMSM Market Price
Price Sensitivity
Long Mine Life
Low Environmental Impact
Project Objectives
Sensitivity Analysis
Martin Kepman, CEO of Manganese X, states, "We are extremely pleased with the positive economics demonstrated by our PEA.
Our Battery Hill Mineral Resource has the potential to be the most impressive manganese properties in North America and has several attributes that make it attractive for development and commercialization. Battery Hill has robust economics, strong value metrics and a short payback period for a relatively low capital investment.
The PEA represents the most significant milestone to date for Manganese X and makes us the forerunner of becoming the first publicly traded company in Canada and the US to commercialize high-purity electric vehicle (EV) quality compliant manganese.”
Manganese Futurist Martin Kepman, also commented on the proprietary extraction process that makes the project Manganese X justify a premium to the market price.
Furthermore, Martin Kepman…
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