Annuncio • Oct 31
Manganese X Energy Corp. Announces the Appointment of Desmond Tranquilla to Its Board of Directors, Effective October 29, 2025 Manganese X Energy Corp. announced the appointment of Desmond Tranquilla, P.Eng., to its Board of Directors, effective October 29, 2025. Mr. Tranquilla, a native of New Brunswick and a graduate of the University of New Brunswick, is a seasoned mining executive with over 32 years of experience in project management, mine construction, operations, and strategic development. He has held senior leadership roles with major mining and engineering firms, including Canada Nickel Company Inc., SNC-Lavalin North America, Ausenco Canada, AMEC Americas, and Detour Gold Corporation. Presently serving as Vice President, Projects for Canada Nickel Company, Mr. Tranquilla played a key role in advancing the Crawford Nickel Project. His career highlights include leadership in delivering major capital projects such as Vale's CAD 1.6 billion Atmospheric Emission Reduction Project, Detour Gold Corporation's CAD 1.5 billion Detour Lake Project, Potash Corporation of Saskatchewan's Cory Red Product Expansion and Piccadilly Mine Projects. He brings broad expertise across all stages of the project lifecycle from early scoping and feasibility through design, construction, commissioning, and operations across both greenfield and brownfield developments in North America. Mr. Tranquilla's extensive technical and operational background will be invaluable as Manganese X advances its Battery Hill High-Purity Manganese Project toward completion of its Pre-Feasibility Study ("PFS") and continues to strengthen its position within the North American EV battery supply chain. The appointment of Desmond Tranquilla to the Board of Directors of the Company is subject To Approve the TSX Venture Exchange. New Risk • Jun 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$13.9m market cap, or US$10.2m). New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.32m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.9m market cap, or US$9.32m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Annuncio • Apr 11
Manganese X Energy Corp. Reports Final Battery Hill Drill Results in Advance of Pre-Feasibility Study Manganese X Energy Corp. announced the final results of its recently completed Battery Hill pre-feasibility manganese diamond drilling program, marking a key milestone before commencing its Pre-Feasibility Study ("PFS"). Manganese X CEO Martin Kepman said, "The Pre-Feasibility Study is a strategic step in advancing mine permitting, de-risking the project, and guiding forward planning. latest drill program, along with upcoming community engagement and environmental and geotechnical studies, plays a key role in this process". Assays from 12 drill holes totaling 1,393 metres have been received, bringing total drilling at the Company's 100%-owned Battery Hill project near Woodstock, New Brunswick, to 104 drill holes totaling approximately 17,000 metres since 2016. The program focused on infill and expansion drilling to upgrade inferred resources to measured and indicated categories, supporting the upcoming PFS. Significant resource increases are anticipated, driven by the newly discovered Moody Northwest Zone and the extended Sharpe Farm Zone, which returned mineralization up to 72.6 metres (238 ft) in core thickness. A new National Instrument ("NI 43-101") compliant mineral resource estimate by Mercator Geosciences is underway. Drilling Results. Assays have been received from all 12 drill holes spanning 1,393 metres in the Moody Hill and Sharpe farm sectors. The results confirm strong mineralization in key areas: Key Highlights: SF24-96: 12.5m @ 13.62% MnO from 41.5m and 13.3m @ 14.9% MnO. SF24-98: 72.6m @ 11.29% MnO from 11m, including 42.1m @ 13.3% MnO from 5m. SF24-101: 16m @ 13% MnO from 8m, and 51.5m @ 12.57% MnO from 136m. SF24-102: 24.2m @ 9.3% MnO from 6.8m, 16.8m @ 10.89% MnO from 53.4m, and 35.6m @ 14.6% MnO from 87.2m. SF24-103: 32m @ 11.6% MnO from 27m. New Risk • Mar 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$17.2m market cap, or US$11.9m). Annuncio • Jan 29
Manganese X Energy Corp. announced that it has received CAD 2.1 million in funding On January 29, 2025, Manganese X Energy Corp., closed the transaction. The securities issued under the offering are subject to statutory and TSX-V hold periods, both expiring on May 29, 2025. Annuncio • Jan 07
Manganese X Energy Corp., Annual General Meeting, Feb 28, 2025 Manganese X Energy Corp., Annual General Meeting, Feb 28, 2025. Annuncio • Jan 02
Manganese X Energy Corp. announced that it expects to receive CAD 2.1 million in funding Manganese X Energy Corp. announced a non-brokered private placement on January 2, 2025. The company will issue up to 60,000,000 units at a price of CAD 0.035 for gross proceeds of CAD 2,100,000. Eric Sprott has agreed to subscribe for 57,142,857 of the units for an investment of CAD 2,000,000. Each unit shall consist of one common share of the company and one-half of one share purchase warrant, whereby each whole share purchase warrant shall entitle the holder to acquire an additional share at an exercise price of CAD 0.06 per warrant share for a period of 36 months from the date of closing of the offering. The securities to be issued in connection with the offering will be subject to a statutory four-month hold period in accordance with applicable securities legislation and a concurrent exchange hold period. In the event that the approvals are not obtained by March 31, 2025, each subscription receipt will be cancelled, and the subscription funds will be returned to the subscribers. Completion of the transactions contemplated by the offering remains subject to certain conditions, including, but not limited to, the receipt of the approval of the disinterested shareholders of the company and the acceptance by the TSX-V. Annuncio • Dec 24
Manganese X Energy Corp. announced that it has received CAD 0.371 million in funding On December 2, 2024, Manganese X Energy Corp closed the transaction. The company issued 10,600,000 common shares at issue price of CAD 0.035 for proceeds of CAD 371,000. In connection with the private placement, the company paid cash commissions totalling CAD 33,500 and issued a total of 957,142 finder warrants to certain finders, namely Marquest Asset Management Inc. and GloRes Securities Inc. James Richardson, a director and officer of the company, purchased 300,000 FT shares for total consideration of CAD10,500; and (ii) Roger Dahn, a director of the company, purchased 200,000 FT shares for total consideration of CAD7,000. Annuncio • Nov 26
Manganese X Energy Corp. announced that it expects to receive CAD 0.4 million in funding Manganese X Energy Corp. announced a non-brokered private placement to issue 11,428,571 common shares at issue price of CAD 0.035 for proceeds of CAD 399,999.985 on November 26, 2024. Each common share shall qualify as a flow-through share. All securities issued in connection with the offering will be subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of closing of the offering. The offering is subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange. The offering will be close in mid-December, 2024. Finders' fees payable to certain qualified finders will be applicable. New Risk • Nov 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 8.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.60m market cap, or US$2.58m). Minor Risk Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Annuncio • Jun 08
Manganese X Energy Corp.'s High Purity Manganese Passes Phase 1 of US Battery Leader C4V Supply Chain Qualification Program Manganese X Energy Corp. reported its High Purity Manganese (HPMSM) sample has met US Battery Leader C4V's Phase 1 commercial level qualification compliance standards for the Electric Vehicle (EV) Battery Cathode, and is moving immediately to the next round of rigorous testing in C4V's Supply Chain Qualification Program. Manganese X's HPMSM Phase 1 testing was conducted in-house at lab scale through C4V's Digital DNA Supply Chain Qualification Program. The Supply Chain Qualification Program consists of three phases and is an important aspect of the non-binding Memorandum of Understanding the companies signed in early 2024, leading to a potential offtake deal from Manganese X's Battery Hill Manganese mining project in Woodstock, New Brunswick, Canada. Battery Hill contains one of the largest manganese carbonate deposits in Canada and the US. To summarize the results of C4V's Phase 1 testing, Manganese X's sample demonstrated that electrodes could be calibrated and that while testing its rate, performance and capacities, these met the standards required. Capacities and performance of the sample also appeared stable during long cycling. The next Phase to be conducted, Phase 2, will be to validate that Manganese X's sample meets standards for long cycling performance and capacity retention of the cells. New Risk • Jun 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.1m market cap, or US$7.40m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). New Risk • Mar 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.55m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.0m market cap, or US$9.55m). Minor Risk Shareholders have been diluted in the past year (6.1% increase in shares outstanding). New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Market cap is less than US$100m (CA$13.7m market cap, or US$10.2m). Annuncio • Dec 23
Manganese X Energy Corp. announced that it has received CAD 0.9053 million in funding Manganese X Energy Corp. announced a non-brokered private placement of 8,230,000 flow-through common shares at a price of CAD 0.11 per share for the gross proceeds of CAD 905,300 on December 22, 2023. As a part of the transaction, the company paid cash commissions totaling of CAD 63,371 and issued a total of 576,099 finder warrants to certain finders. All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period expiring April 23, 2024. The Private Placement remains subject to receipt of applicable regulatory approvals, including final acceptance by the TSX Venture Exchange. New Risk • Aug 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.2m (US$9.03m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.2m market cap, or US$9.03m). Minor Risk Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Annuncio • Jun 08
Manganese X Progresses Battery Hill to Pre-Feasibility Stage with Successful Drill Program and Environmental Studies Commencement Manganese X Energy Corp. announces significant advancements at its 100% owned Battery Hill Manganese Deposit, marking a crucial step towards the pre-feasibility stage. The completion of the Company's pre-feasibility diamond drilling program, focused on expanding measured and indicated resources, has yielded exceptional results. Furthermore, the Company has initiated environment studies in collaboration with WSP E&I Canada Ltd. ("WSP"), further reinforcing the commitment to responsible mining practices. Key highlights from the final 26 holes of the 36-hole program, conducted at the Moody Hill and Sharpe Farm sectors of the Battery Hill deposit are truly impressive. Notably, Manganese X has expanded the overall mineralization with the discovery of two new zones, Sharpe Farm West Peripheral and Moody Hill Northwest, west of the main deposits. Key Highlights. 29.1 metres (m) of 14.4% manganese oxide ("MnO") starting at 90.5m in SF23-73. 80.3m of 11.5% MnO including 32.2m of 16.9% MnO starting at 7.8 metres in SF23-76. 60.6 metres of 11.0% MnO starting at 29.4 m, including 47.5m of 20.4% MnO in SF23-80. 73.6 metres of 10.7% MnO starting at 67.5 m, including 29.1 m of 13.8% MnO in SF23-90. 45.9m of 12.9% MnO starting at 33.1m and 31.1m of 11% MnO starting at 104.3m in SF23-91. 44.2m of 11.1% MnO starting at 23.8m in SF23-92. Most of the targets are near vertical and all but one hole was drilled at 45 degrees. True widths are estimated to range from 65-80% of core length. Standard protocols and industry standard practices were employed in logging and sampling the core. QA/QC practices included insertion of Certified Standards, blanks and duplicates, each consisting of 5% of the total samples. Check assays of 5% of the samples are being sent to a second laboratory. Samples averaged 2 metres in width. All initial half-core samples were taken by Company personnel to the Actlabs prep lab in Fredericton, New Brunswick where they were prepped and the pulps forwarded to Actlabs in Ancaster, Ontario, where XRF-Fusion Whole Rock Analysis (Code 4C) was performed. Actlabs is an accredited analysis laboratory. Annuncio • Jun 03
Manganese X Energy Corp. Appoints Janet Francis as Corporate Secretary Manganese X Energy Corp. announced following the annual general and special meeting of shareholder held on June 1, 2023, the directors appointed Janet Francis as Corporate Secretary of the Company. Annuncio • Jan 26
Manganese X Energy Corp. Approaches Midway Point of 2023 Battery Hill Pre-Feasibility Drilling Program Manganese X Energy Corp. announced that it is approaching the midway point of the pre-feasibility study in-fill and step-out drilling program at its wholly owned Battery Hill Project located near Woodstock, New Brunswick. An aggregate of 16 NQ diamond drill holes totaling 2,208 metres have been completed of the planned 4,725 metre, 31-hole program. The goal of the drill program is to in-fill and expand the Measured and Indicated resources in preparation for the pre-feasibility study (PFS) by upgrading the Inferred category resource included in the Preliminary Economic Assessment (PEA) mine plan. The planned PFS drill program is following recommendations of the National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) PEA of the Battery Hill Manganese Project. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Luisa de Fatima Moreno was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 28
Manganese X Energy Kicks Off Pilot Plant for Ev Battery Project Manganese X Energy Corp. announced that it has kicked off its high-purity manganese sulphate monohydrate (HPMSM) pilot plant which has begun at Kemetco Research Inc. (Kemetco) in Richmond, BC, Canada. Kemetco has now received a 1500-kilogram bulk sample from the Company's Battery Hill manganese property located in Woodstock, NB, Canada. The bulk sample is a drill-core composite representing the first five years of Battery Hill's planned production. Kemetco will prepare this sample for use in the pilot plant testing. Kemetco has already initiated the first phase of work to confirm and optimize the purification flowsheet. The pilot plant will demonstrate and validate, at pilot scale, Manganese X's innovative patent- pending process to produce high-purity manganese sulphate monohydrate (HPMSM) EV compliant materials suitable for cathode manufacturing. This is, most importantly, being done without the use of selenium while significantly reducing the cost of processing. One of the major objectives of the pilot plant is that of demonstrating that the Company's Battery Hill New Brunswick manganese feedstock is capable of producing HPMSM on a larger commercial scale. This pilot project will also validate and de-risk the metallurgical process through verification of theprocess flowsheet and engineering design. anganese X has received several HPMSM sample requests for pre-approval of EV battery cathode testing from various EV suppliers a d potential end use EV producers. The Company intends to work with these suppliers to validate their quality specifications in order to expeditethese processes in preparation for achieving its mission of being a major supplier of HPMSM in the North American supply chain. Annuncio • Oct 12
Manganese X Energy Announces Fall Drill Program Manganese X Energy Corp. announced plans to commence the pre- feasibility study in-fill and step-out drilling program at its wholly owned Battery Hill Project located near Woodstock, New Brunswick. Tendering for the proposed drilling program is underway with commencement tentatively scheduled for late October 2022. The goal of the drill program is to in-fill and expand the Measured and Indicated resources in preparation for the pre-feasibility study ("PFS") by upgrading the inferred category resource included in the Preliminary Economic Assessment ("PEA") mine plan. The program will include an estimated 25 NQ drillholes totaling approximately 3,500 meters. The current mineral resources included in the mine plan of the PEA includes 12.2 million tonnes in the Measured and Indicated categories and 4.7 million tonnes in the Inferred category. A component of the program will also include step-out drilling to target high grade resources for inclusion in the mine plan for the PFS. In addition to this drilling program Manganese X is scoping the engineering, environmental and social studies to support the PFS work program. Geotechnical and hydrogeological drilling is planned for open pit mine design and to advance the understanding of ground conditions in proposed infrastructure sites. In preparation for this geotechnical work, scheduled for the spring of 2023, site visits and field work by the Company's engineering consultants will be completed this fall. Additional environmental baseline data will continue to be collected through 2022 and 2023. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Luisa de Fatima Moreno was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 06
Manganese X Energy Corp. Plans for Filing Provisional Patent for Processing Economical Ultra High Grade Battery Material for North American EV Sector Manganese X Energy Corp. announced it is entering Phase Three of its metallurgical study with Kemetco Research Inc. which will include Manganese X Energy Corp. filing a provisional patent on the manganese purification process and further refinement of the ultra-high manganese product flow sheet in preparation for its Preliminary Economic Assessment (PEA) and for their upcoming environmental study. This latest phase of metallurgical studies focuses on the evaluation of alternative approaches to leaching and novel aspects of the purification process. This includes the enhancement of the flow sheet leading to greater efficiencies and a major reduction in costs, as well as development of the Company's PEA and the filing of its provisional patent. The Company's mission is to commercialize its Battery Hill manganese project for North America's growing EV and energy storage sectors. Phases One and Two were also conducted with Kemetco. In Phase One, Kemetco used a series of bench-scale leach, purification and crystallization processes and produced a high purity manganese sulphate product. The product's 99.95% purity, also with very low contaminants, was considered a transformational achievement as this demonstrated that Manganese X Energy's Battery Hill manganese could be compliant and suitable for battery manufacturing use in EVs, energy storage and other high- tech applications. Phase Two consisted of the development of a more efficient workable and novel extraction process, the achievement of a recovery rate of 85% and the genesis of a flow sheet for the production of high- grade manganese sulphate. Significant recent results included potentially eliminating a major step in the purification process, as well as improved purification results, meaning a significant reduction in overall costs and enhanced opportunities for the commercialization of Manganese X Energy's Battery Hill project. Annuncio • Feb 17
Manganese X Energy Corp. Announces Assay Results from the Fall 2020 Diamond Drilling Program At Battery Hill Project Located Near Woodstock, New Brunswick, Canada Manganese X Energy Corp. announced assay results from the fall 2020 diamond drilling program at the Company's 100% owned Battery Hill project located near Woodstock, New Brunswick, Canada. The program of 28 holes totaling 4509 meters was designed to increase the mineral resource in the Moody Hill area and to provide sufficient data to establish a NI 43-101 compliant mineral resource estimate expected in late first quarter of 2021. Upon completion of the resource estimate, the Company will initiate programs for a preliminary economic assessment (PEA) of the Battery Hill project. Battery Hill Project and Drill Program Highlights: The recent drill program on Moody Hill, consisting of predominantly 50 m spaced holes, has confirmed significant widths of mineralization from surface to a maximum vertical depth of approximately 150 meters, over a strike length of 500 meters. Including the recent drill program, the Company has now completed 53 holes totaling 9,697 meters over a total strike length of approximately 2.0 kilometers. A new area of surface mineralization has been discovered in Maple Hill area approximately 4.4 kilometers north of Moody Hill. The average of five grab samples graded 20.8% MnO. Mercator Geological Services has commenced a mineral resource estimate and NI 43-101 technical report. Upon successful completion, this will form a critical part of a proposed Preliminary Economic Assessment (PEA). Highlights of selected drill holes (core width) from the Moody Hill program include: SF20-26: 11.62% MnO across 50.4 m from 72.6 m downhole, including 21.4 m of 14.17% MnO (Moody Central Zone) SF20-29: 11.85% MnO across 54.0 m from 147 m downhole, including 12.0 m of 20.50%; MnO (Moody Central Zone); SF20-42: 10.99% MnO across 44.0 m from 120 m downhole, including 20.0 m of 14.36% MnO (Moody Central Zone); SF20-43: 12.9% MnO across 51.3 m from 57.7 m down hole, including 26.5 m of 16.49% MnO (Moody Central Zone; contains program high 27.69% MnO); SF20-44: 13.33% MnO across 32.0 m from 88 m down hole (Moody Central Zone); SF20-34: 11.81 % MnO across 32.0m from 68.0 m down hole, including 24.0 m of 13.32% MnO (Moody West Zone). Is New 90 Day High Low • Feb 13
New 90-day high: CA$0.89 The company is up 202% from its price of CA$0.29 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Annuncio • Feb 12
Manganese X Energy Corp. announced that it has received CAD 1.63621 million in funding On February 11, 2021, Manganese X Energy Corp. (TSXV:MN) closed the transaction. The company has issued 4,958,212 unit at an issue price of CAD 0.33 per unit for gross proceeds of CAD 1,636,210. The company paid finder's fees of CAD 29,482.20 and issued 89,340 finder's warrants. Annuncio • Feb 02
Manganese X Energy Corp. announced that it expects to receive CAD 1.65 million in funding Manganese X Energy Corp. (TSXV:MN) announced a non-brokered private placement of up to 5,000,000 units at a issue price of CAD 0.33 per unit for gross proceeds up to CAD 1,650,000 on February 1, 2021. Each unit will be comprised of one common share and one common share purchase warrant exercisable into one common share at a price of CAD 0.44 per share for a period of two years from closing. The company may finders fee's to certain registered brokerage firms,with cash of 6% on gross proceeds and and the issuance of non-transferable compensation warrants equal to 6% of the number of units purchased by purchasers introduced by such brokers. The securities issued are subjected to four months and one day statutory hold period. The transaction is subjected to regulatory approvals, including the approval of the Exchange. The transaction is expected to close on February 5, 2021. There is s no assurance that the Company will complete the transaction upon the terms set out above, or at all. Annuncio • Jan 16
Manganese X Energy Corp. Announces Favorable Metallurgical Results from the Battery Hill Phase Two Program Manganese X Energy Corp. announced favorable metallurgical results from the Battery Hill Phase Two program, that demonstrate even greater efficiency and improved economics. The company together with Kemetco Research Inc, are completing the ongoing test work to develop a commercially viable flow sheet to produce battery-grade manganese products using the sustainable and ethical North American mineralization at the Battery Hill property located near Woodstock, New Brunswick, Canada. 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. The company 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, The company will expediate work programs to support the company's planned PEA. Is New 90 Day High Low • Jan 15
New 90-day high: CA$0.49 The company is up 40% from its price of CA$0.35 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Annuncio • Dec 12
Manganese X Energy Corp. Appoints Roger Dahn as Chair of the Board Manganese X Energy Corp. announced the promotion of Roger Dahn as Chair of the Board effective immediately. Since June 2016, Mr. Dahn has served as Vice President of Exploration and significantly advanced the company's Battery Hill project, right from its grassroots start to where it is now headed for a preliminary economic assessment. As well as managing and providing leadership to the Board of Directors, Mr. Dahn (with the full participation and support of the Board) will continue to provide guidance and direction to management in advancing Manganese X Energy Corp.'s Battery Hill project. He will act as a direct liaison between the Board and the Company's management, through its CEO. Mr. Dahn has over 38 years' experience in the mining and exploration industry. His experience includes over 16 years with Noranda Inc. and Hemlo Gold Mines Inc., as well as Exploration Manager-Eastern Canada for Battle Mountain Gold. Is New 90 Day High Low • Dec 04
New 90-day low: CA$0.21 The company is down 9.0% from its price of CA$0.23 on 04 September 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 8.0% over the same period. Annuncio • Oct 14
Manganese X Energy Corp. announced that it expects to receive CAD 1.53 million in funding Manganese X Energy Corp. (TSXV:MN) announced a non- brokered private placement of 6,000,000 units at a price of CAD 0.255 per unit for gross proceeds of CAD 1,530,000 on October 13, 2020. The transaction will include participation from an individual strategic investor. Each unit will be comprised of one common share and one common share purchase warrant exercisable into one common share at a price of CAD 0.40 per share for a period of two years from closing. The transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange. All securities to be issued will be subject to a statutory hold period expiring four months and one day after closing of the transaction. No finder's fees will be paid in connection with the transaction. The transaction is expected to close on or about October 21, 2020. Annuncio • Oct 07
Manganese X Energy Corp. Appoints Lino G. Morris to Subsidiary Advisory Board Manganese X Energy Corp. through its subsidiary, recently acquired a U.S. patent that provides for a system and method for air purification and disinfection. The company expanding on this timely and relevant technological theme will be appointed Lino G. Morris. For many years starting in 1971, Lino was the Responsible Head and an owner of FDA licensed facilities that produced both medical products for human use and ran R&D operations to develop and
manufacture a range of both medical therapeutic use and medical laboratory testing products for a wide variety of the major pharmaceutical companies. He grew the original USA facilities into production operations in several other countries and expanded his markets to a wide range of international markets. He is currently the CEO of the PureBiotics® Group which started investigating the applications of probiotics for external healthcare applications in 2007 and in 2008 acquired the exclusive rights for a European line of probiotic products for North America and a range of other countries and for several specific applications and expanded research for 'stabilized external use probiotics for environmental control applications. Annuncio • Oct 06
Manganese X Energy Corp. announced that it has received CAD 1.999932 million in funding On September 3, 2020, Manganese X Energy Corp. (TSXV:MN) closed the transaction. The company issued 24,999,145 units for gross proceeds of CAD 1,999,932. The company paid finder's fees of CAD 18,240 and compensation warrants for 148,000 common shares at a price of CAD 0.15 per share for a period of 3 years from the date of closing. The transaction included participation from insiders for 150,000 units. The company announced that TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 81 placees, including Shimmy Posen who subscribed for 150,000 units. The company paid Gravitas Securities Inc. finders fees of CAD 4,800 in cash and 60,000 warrants; Hampton Securities Ltd. CAD 1,920 in cash and 24,000 warrants; PI Financial Corporation CAD 5,120 in cash and 64,000 warrants; BMO Nesbitt Burns CAD 6,400 in cash; Ensign Capital Inc. CAD 1,920 in cash and 24,000 warrants. Annuncio • Oct 02
Manganese X Energy Corp. Starts Drilling for 'Electric Gold' at Battery Hill Manganese Deposit Manganese X Energy Corp. (Manganese or the Company) announced that drilling activity has started on the Battery Hill property in New Brunswick. The company will drill approximated 25 holes totaling a minimum of 3,200 meters The average depth per hole ranges between 100 to 250 meters The intent of the drill program is to significantly expand and upgrade the company’s current classification of mineralization to inferred or higher resource status. The program will focus on near surface, higher grade areas of the deposit such as the Moody Hill zones. The Company is exploring the property with the objective of future development through low cost open pit mining. Higher grade areas such as Moody Hill may represent candidate starter pit locations. Previous diamond drilling by the Company totals 5,188 meters in 25 holes and has been completed over a 1.8 kilometer strike length of the prospective manganese occurrence trend. Most holes intercepted significant grades and widths of manganese mineralization such as 10.75% Mn over 52.6 meters in SF-16-05, 12.96% Mn over 32.85 meters in SF-16-08 and 9.39% Mn over 74.0 meters in SF-17-18 (all core lengths). Moody Hill was highlighted as a priority area for resource expansion. Upon successful completion of the drill program and ongoing metallurgical studies recommended in the June 2020 NI 43-101 technical report, work will be initiated toward the completion of a preliminary economic assessment (PEA). Annuncio • Sep 24
Manganese X Energy Corp. Announces Executive Changes Manganese X Energy Corp. announced that Jay Richardson, CA, CPA, a director of the Company, has been appointed as CFO of the Company, effective immediately. The Company also announced that Jacques Arsenault has resigned as CFO of the Company. Mr. Richardson CPA, C.A., is a Chartered Accountant with 40 years of experience in financial management. Mr. Richardson is currently a director and officer of EnerSpar Corp. Mr. Richardson served as Interim CFO of Hollinger Inc. following its CFO's sudden disability in June 2004 and subsequently for many years as a Director of the Argus Corporation and its Chair. Recent Insider Transactions • Sep 22
Chief Financial Officer recently sold CA$450k worth of stock On the 18th of September, Jacques Arsenault sold around 600k shares on-market at roughly CA$0.75 per share. This was the largest sale by an insider in the last 3 months. This was Jacques' only on-market trade for the last 12 months. Annuncio • Sep 17
Manganese X Energy Corp. Announces Completion of Tendering of Drill Contracts Related to the Upcoming Drill Program At Battery Hill Project Manganese X Energy Corp. announced that it has completed the tendering of drill contracts related to the upcoming drill program at the Battery Hill project located near Woodstock, New Brunswick. The program is expected to commence within the next three weeks. Previous diamond drilling by the Company totals 5,188 meters in 25 holes and has been completed over a 1.8 kilometer strike length of the prospective manganese occurrence trend. Most holes intercepted significant grades and widths of manganese mineralization such as 10.75% Mn over 52.6 meters (core length) in SF-16-05, 12.96% Mn over 32.85 meters (core length) in SF-16-08 and 9.39% Mn over 74.0 meters in SF-17-18. The upcoming drill program will consist of approximated 20 holes totaling a minimum of 3,000 meters. The intent of the program is to upgrade the current classification of mineralization to inferred or higher resource status. The program will focus on near surface, higher grade areas of the deposit such as the Moody Hill zones. Upon successful completion of the drill program and ongoing metallurgical studies recommended in the June 2020 NI 43-101 technical report, work will be initiated toward the completion of a preliminary economic assessment (PEA). Annuncio • Jul 31
Manganese X Energy Corp. Auditor Raises 'Going Concern' Doubt Manganese X Energy Corp. filed its Annual on Jul 27, 2020 for the period ending Mar 31, 2020. In this report its auditor, Wasserman Ramsay, gave an unqualified opinion expressing doubt that the company can continue as a going concern.