Manganese X CEO
Manganese X, together with
In Phase One, using a series of bench-scale leach, purification, and crystallization processes, Kemetco successfully produced a high purity manganese sulphate product with a purity of up to 99.95%. This has been considered a transformational achievement, demonstrating the Company's Battery Hill mineralization can be compliant and suitable for battery manufacturing use in electric vehicles, energy storage systems and other high-tech applications.
Phase Two of Kemetco's overall testing consisted of the development of a more efficient, workable extraction process and flow sheet for the generation of high-grade manganese sulphate. The most recent bench-scale tests consisted of defining suitable unit operations for leach extraction, solid-liquid separation, primary purification, and crystallisation upgrading
Kemetco notes the most recent results are highly significant and very encouraging as they provide a potential route to eliminate a major step in the purification process that would result in major cost benefits as well as an increase in purification efficiency. Significant results include: The significant achievement of an overall recovery rate of 85%; Eliminating purification processes that will significantly reduce overall costs; Improved purification results with extremely low levels of base and alkali metal contaminants; Enhanced Opportunities for commercialization Test work is continuing with Kemetco. Manganese X looks forward to the final completion and reporting related to the Phase Two program, which is expected within the next two to four weeks. Upon completion, Manganese X will expediate work programs to support the Company's planned PEA (Preliminary Economic Assessment).
The Company is also pleased to announce that it has approved the grant of 800,000 stock options to purchase common shares of the Company to consultants of the Company. The options were issued with an exercise price of
All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.
About
Manganese's X mission is to acquire and advance high potential manganese mining prospects located in
Contact:
Tel: 1-514-802-1814
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. We seek safe harbor.
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