We are very encouraged to have achieved some major milestones and look forward to an even better third quarter.
The company completed phase 1 yielding manganese sulphate with a purity exceeding 99.95 per cent and low levels of base and alkali metals using material from its Battery Hill property. This has been a transformational achievement, demonstrating its resource material can be compliant with electric vehicles and other requirements.
Phase 2 metallurgical bulk tests are proceeding and results will be released within the next couple of weeks.
Battery Hill Property (
We are planning a fall drill program to complete a National Instrument 43-101 technical report, with the intention of upgrading our current classification of mineralization to inferred or higher resource status. The program will focus on near surface, higher grade areas of the deposit such as the Moody Hill zones. Upon successful completion of the programs recommended in the earlier NI 43-101 technical report, work will be initiated toward the completion of a preliminary economic assessment (PEA).
Discussions continue with potential battery tech companies with the intent to form partnerships inclusive of equity participation.
The Company is also looking to add globally renowned battery tech specialists to its
Closing of PP: The company has closed
Martin Kepman comments, 'Investor attention is focused on global green initiatives and in particular the EV and Battery space. We believe we have all the right assets to exploit this seismic shift to a more carbon friendly world. Creating a North American supply chain is of paramount importance to North American car companies and in particular Tesla. Further, the air we breathe in a contained environment has become a top priority during this current global crisis and we are accelerating our efforts to provide a product for HVAC with a strong, compliant safety profile.'
About
Manganese's X mission is to acquire and advance high potential manganese mining prospects located in
Contact:
Martin Kepman
Tel: 1-514-802-1814
Email: martin@kepman.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains 'forward-looking information' including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.
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