InvestmentPitch Media Video Discusses Manganese X Energy’s Drill Results, including 84 m of 12.8% MnO, from its 100% owned Battery Hill Project in New Brunswick, Canada

Rhea-AI Summary

Manganese X Energy (MNXXF) has announced promising results from its diamond drilling program at the Battery Hill project in New Brunswick, Canada. The highlight includes 84 meters of 12.8% manganese oxide (MnO) from hole 66. The program, comprising 35 holes, aims to upgrade inferred resources for an upcoming Pre-Feasibility Study (PFS). In addition to significant manganese findings, the company is progressing with its pilot plant project and plans to send out high-purity manganese sulfate products to the EV battery sector. Manganese X Energy is focused on advancing its project into production, targeting the North American supply chain for lithium-ion batteries.

Positive

• Highlight of 84 meters of 12.8% MnO from hole 66 during drilling program.
• Progress on the 35-hole drilling program aims to upgrade resources for Pre-Feasibility Study.
• Pilot plant project for high-purity manganese sulfate products is advancing.
• Manganese X is positioned to supply materials to the EV battery sector.

Negative

• None.

VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Manganese X Energy (TSXV:MN) (OTCQB:MNXXF) (FSE:9SC) announced initial results, including 84 m of 12.8% MnO, from its recently completed diamond drilling program at its 100% owned Battery Hill project in New Brunswick, Canada. The Battery Hill manganese project, which covers 1,228 hectares, is located approximately 5 km northwest of the town of Woodstock and is accessible via a new two-lane road.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company along with video comments by Martin Kepman, CEO. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Manganese X” in the search box.

The program consisted of infill and expansion drilling designed to upgrade existing inferred resources to the measured and indicated categories in support of the project's upcoming Pre-Feasibility Study. Assays have been received from 10 holes of the 35-hole program, drilled on the Moody Hill and Sharpe Farm sectors of the Battery Hill deposit. Once all results have been received, an updated National Instrument 43-101 compliant mineral resource estimate will be completed.

Highlights include:

• Hole 66 reporting 84 metres of 12.8% manganese oxide “MnO” starting at surface,
• Hole 65 reporting 75.4 metres of 11.2% MnO starting at 8 metres,
• Hole 63 reporting 57.8 metres of 14.6% MnO starting from 4.2 metres
• Hole 64 reporting 56.5 metres of 12.3% MnO starting at 5.5 metres
• Hole 59 reporting 26 metres of 13.3% MnO starting at 65 metres, and
• Hole 60 reporting 20 metres of 14.7% MnO starting at 93 metres

Martin Kepman, CEO, stated: "We are very pleased with the progress made on our Battery Hill prefeasibility drilling program, having just completed 35 infill drill holes measuring 4,690 meters, especially given the harsh winter conditions. The remainder of the infill drill holes are currently at the laboratory for analysis. It's important to note that the PFS is key to the decision making and forward planning of the mine permitting process, as well as the de-risking and advancement of our Battery Hill project. A major part of preparing for the PFS is our current drill program, as well as the environmental, community and geotechnical studies, which will commence in the spring. In addition, our pilot plant project at Kemetco Research Inc. located in Richmond, BC, is proceeding well. We anticipate that we will be able to send out high purity EV compliant manganese sulfate monohydrate products to interested parties from the EV battery sector in the coming weeks to initiate the validation process.”

Holes SF22-63 to 65 were vertical holes, drilled at a low angle to the strata, and provided material for testing in the ongoing Pilot Plant testing at Kemetco Research, in Richmond, British Columbia. Holes SF22-59 to 62, and 67, were drilled at 45 degrees and have an estimated true thickness of 80-85% of reported values.

Manganese X's mission is to advance its Battery Hill project into production, with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries. The company is also striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost.

It is the only public actively traded manganese company in Canada and the US moving towards commercialization of a manganese deposit, as well as potentially becoming a North American supply chain supplier.

The company’s Disruptive Battery Corp. subsidiary is developing an HVAC air purification delivery system for cleaner and healthier air, aiming to mitigate COVID-19 and other contaminants on surfaces and in the air.

The company is well financed to achieve its 2023 program goals with it shares currently trading at $0.19. 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.

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

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Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Manganese X Energy has paid a fee not exceeding $2,000 in cash to have its current news release produced and distributed in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd, through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What were the drilling results for Manganese X Energy's Battery Hill project (MNXXF)?

The drilling results include significant findings such as 84 meters of 12.8% manganese oxide (MnO) from hole 66.

How many holes were drilled in the recent program by Manganese X Energy (MNXXF)?

The recent drilling program consisted of 35 holes.

What is the purpose of the drilling program at Battery Hill for Manganese X Energy (MNXXF)?

The drilling program aims to upgrade existing inferred resources for an upcoming Pre-Feasibility Study.

What is the significance of the pilot plant project for Manganese X Energy (MNXXF)?

The pilot plant project is crucial for producing high-purity manganese sulfate for the EV battery sector.

Is Manganese X Energy (MNXXF) pursuing supply agreements with the EV battery sector?

Yes, Manganese X Energy aims to send high-purity manganese sulfate to interested parties in the EV battery sector soon.