Source: Manganese X Energy
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  • Manganese X Energy Corp. (MN) retained Mercator Geological Services to complete a mineral resource estimate (MRE) for its Battery Hill project
  • Its mineral resource estimate consists of 34.86 million tonnes of measured and indicated mineral resources and 25.91 million tonnes of inferred mineral resources
  • The mineral resource estimate is an important step in the company’s creation of a preliminary economic assessment
  • Manganese X Energy is the only manganese company in Canada and the United States
  • Manganese X Energy Corp. (MN) is currently up 7.02 per cent, trading at $0.305 per share

Manganese X Energy Corp. (MN) has retained Mercator Geological Services to complete a mineral resource estimate (MRE) for its Battery Hill project.

In addition to the MRE, a detailed technical report summarizes all exploration work on the property, including historical and recent diamond drilling by Manganese X.

The Battery Hill project includes Mineral Claim 5816, which consists of 55 mineral claim units near Woodstock, New Brunswick, and Mineral Claim 5745, consisting of 8 mineral claim units 10 kilometres to the southwest.

Its mineral resource estimate consists of 34.86 million tonnes of measured and indicated mineral resources grading 6.42 per cent manganese, plus an additional 25.91 million tonnes of inferred mineral resources grading 6.66 per cent manganese.

“The completion of the technical report and mineral resource estimate for our Battery Hill property confirming a significant mineral resource is a major step in the development of this deposit,” said VP of exploration Perry Mackinnon.

The mineral resource estimate is an important step in the company’s creation of a preliminary economic assessment (PEA).

The PEA will evaluate the economic and commercial viability of the project to produce premium, ultrahigh-purity, battery-grade manganese products for the emerging North American electric vehicle and energy storage sectors.

Martin Kepman, CEO of Manganese X, commented on the development.

“We are all extremely encouraged by this important step towards our Battery Hill Project becoming a unique North American supplier to these vital industries,” he said.

Manganese X Energy is the only manganese company in Canada and the United States.

The company is advancing its Battery Hill project into production, aiming to supply materials to the lithium-ion battery and other alternative energy industries.

Manganese X Energy Corp. (MN) is currently up 7.02 per cent, trading at $0.305 per share as of 11:31 am ET.

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