Montreal, Quebec--(Newsfile Corp. - July 23, 2020) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese X" or the "Company") Montréal, Québec, Canada, is pleased to recognize the strategy behind the newly introduced US Onshoring Rare Earths ("ORE") Act. The ORE Act introduced by Senator Ted Cruz on May 12, 2020, recognizes six important key critical materials - rare earths, scandium and the "battery related materials" lithium, cobalt, graphite, and manganese.
Manganese X notes that it owns a 100% interest in two properties that contain critical battery materials (manganese and graphite) identified in the ORE Act, the LAB Graphite and the Woodstock Battery Hill Manganese properties. Brief details concerning these properties are below along with links to the Company's most recent National Instrument 43-101 Technical Reports.
Lac Aux Bouleax Graphite Property (LAB Graphite Property):
Woodstock Battery Hill Manganese Property:
Martin Kepman, CEO comments, "the ORE Act is further validation that Manganese X is on the right pathway. We have 2 of the critical elements in our resource stable, namely, manganese and graphite. The intent of the US ORE Act is to bring back rare earths mining and processing to the US. Additionally, the Act includes the 'battery materials' that will drive the evolution of electric vehicles and energy storage. Rare earths enjoy multi-application diversity and are used for modern electronics, magnets, solar & wind projects as well as military applications. We will leverage our recognized critical elements assets to create shareholder value.".
The preparation of the technical information in this news release of the Battery Hill, and the Lac Aux Bouleaux (LAB) graphite properties has been reviewed and approved by Roger Dahn, PGeo. Mr. Dahn is a qualified person as defined by National Instrument 43-101.
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Manganese's X mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition our company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green/zero emissions technologies, while processing manganese at a lower competitive cost. For more information visit the website at www.manganesexenergycorp.com.
On behalf of the Board of Directors of
MANGANESE X ENERGY CORP.
Martin Kepman
CEO and Director
Email: martin@kepman.com
Tel: 1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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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