Manganese X Energy Corp News Report for Investors in Plain Words from CEO Martin Kepman
Martin Kepman, CEO and director, launches news and views for Manganese X Energy to investors, using straight talk to explain the upcoming developments within the Manganese mining news world.
Manganese X Energy announced an arrangement agreement to complete a spin-out of Lac Aux Bouleaux (LAB) Graphite property located in Quebec, and the completion of the Graphano private placement.
“The Arrangement is expected to result in the creation of Graphano as an independent public company, which will initially be focused on the exploration of the LAB Graphite Property for graphite moving forward. Graphano is expected to have the ability to source its own funding independent of the Company.”
Martin Kepman, CEO and Director
What does the spin-out of the graphite asset mean for Manganese X Energy investors and the future of Manganese X Company?
“Spinning-out the graphite asset will enhance shareholder value. Manganese X shareholders will receive a dividend for every 8 MNX shares held (designated at a future specified date), they will receive 1 Graphano share which we believe will have tremendous potential.“
Martin Kepman, CEO and Director
Manganese X Energy Announces Warrant Listing
“January 20, 2021, -24,749,145 common share purchase warrants (the “Warrants“) will commence trading on the TSX Venture Exchange (“TSXV“) under MN.WT”
Why did Manganese X Energy Corporation issue “Warrants?” How does this financial instrument help investors?
“The warrants were issued on September 3rd 2020 as part of a private placement to raise additional exploration and working capital for our Battery Hill Woodstock NB project and our upcoming Lac Aux Bouleaux QC spin-out. Every investor who purchased shares was issued the equivalent of their initial investment of shares in the form of a matching share warrant at that moment. These warrants must be exercised no later than September 3rd 2023 at which time they will expire. This will allow Manganese X Energy Corp investors holding these warrants to exercise their warrants at 0.15 cents a share, or if they wish to trade them under the trading symbol MN.WT on the TSX Toronto Venture Exchange (TSXV).“
Martin Kepman, CEO and Director
Manganese Replaces Cobalt Helping Tesla Benefit from its New Technology – Report by Manganese X Energy Corp
“Manganese is poised to be one of the primary elements important in shifting the direction of those involved in manufacturing all new battery systems necessary in storing electricity harvested from clean energy produced from solar, wind, and tidal systems. Manganese will become the catalyst for all new Lithium-ion batteries and future backup energy storage products.”
The recent Tesla development breakthrough of increasing the percentage of Manganese and going Cobalt-free for their electric vehicles (EV) batteries is revolutionary. The current tab technology found in the Nickel Cobalt Manganese Lithium-ion batteries will be phased out and replaced with a Nickel Manganese Lithium-ion battery technology.
This new technological advancement was designed in a Tesla lab environment by Tesla researchers, “these new tabless cells, which Tesla is calling 4860 cells, will give the company’s EV batteries five times more energy capacity, make them six times more powerful, and enable a 16 percent range increase for Tesla’s vehicles.”
“While these batteries are 2-3 years away from being manufactured, the future looks very promising as the combination of significantly increased Manganese with Nickel, the elimination of Cobalt, thus improving the density of the battery, will potentially make future Nickel Manganese Lithium-ion EV batteries far more efficient and cost effective. This will be achieved by increasing Manganese’s previous composition considerably from 10 to 33.3%. We are poised to exploit the increasing future demands for manganese usage in EV batteries. Tesla has indicated they will be sourcing battery materials from a future North American chain. Our manganese asset is approximately 10 miles from the US border, and further, we are the only manganese resource company in North America on a fast track to commercialization, says Martin Kepman.”
If you want to know more about Manganese Sulphate MnSO4, with a future high standard of extraction at purity levels of 99.95% and very low contaminant rate, as well as the intricacies of how Manganese Sulphate performs a critical function when utilized as the precursor to the cathode, then don’t hesitate to pay us a virtual visit on the website of Manganese X Energy Corp.
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2)( OTC : MNXXF) FRANKFURT: 9SC2 with its head office in Montreal QC, owns 100% of the Battery Hill property project (1,228 hectares) located in New Brunswick Canada. Battery Hill is strategically situated 12 kilometers from the US (Maine) border, near existing infrastructures (power, railway and road). It encompasses all or part of five manganese-iron zones, including Iron Ore Hill, Moody Hill, Sharpe Farm, Maple Hill and Wakefield. According to Brian Way (2012) master’s thesis on the Woodstock manganese occurrences, that includes Battery Hill, the area “hosts a series of banded iron formations that collectively constitute one of the largest manganese resources in North America, approximately 194,000,000 tonnes.”
On Behalf of the Board of Directors
CEO and Director
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 press release.
Certain information in this press release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Such forward-looking statements include, but are not limited to, the Company’s expectations about (i) the value of, and benefits associated with, the Arrangement, to the Company and the Shareholders, (ii) the terms, and timing for the completion of, the Arrangement and the conversion of the Subscription Receipts issued under the Graphano Private Placement, (iii) the timing of the Meeting to approve the Arrangement, and (iv) the listing of the Graphano Shares on the Exchange.
Forward-looking statements necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, without limitation, risks relating to (i) the social and economic impacts of the COVID-19 pandemic, (ii) the Company’s dependence on management and the loss of key personnel, (iii) conflicts of interest, (iv) the receipt of the requisite shareholder, court, regulatory and stock exchange approvals in connection with the Arrangement and/or the Graphano Private Placement, and the listing of the Graphano Shares on the Exchange, as applicable, (v) changes in value of the LAB Graphite Property, and (vi) the Company’s business, including the mining industry in general, as described in the Company’s public filings on SEDAR, which readers are encouraged to review in detail prior to any transaction involving the securities of the Company. The foregoing list is not intended to be exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended.
Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that (i) the Company and Graphano will satisfy, in a timely manner, all conditions precedent to completion of the Arrangement, the Graphano Private Placement, and the proposed listing of the Graphano Shares on the Exchange (including receipt of all necessary regulatory and shareholder approvals), (ii) all necessary regulatory and shareholder approvals will be obtained in a timely manner, and on terms acceptable to the Company, (iii) the circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize and will not materially impede or affect the ability of the Company to consummate the Arrangement, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated value in and benefits of the Arrangement), although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements.
The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The securities proposed to be issued under the Arrangement have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements. It is anticipated that any securities to be issued under the Arrangement will be offered and issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act of 1933 provided by Section 3(a)(10) thereof.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy or sell, any securities (including any securities of the Company or Graphano), and may not be relied upon in connection with the purchase or sale of any such security.