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Manganese X Energy Corp ( (TSE:MN) ) just unveiled an update.
Manganese X Energy Corp. has announced significant progress on its Battery Hill manganese project, emphasizing a $2,000,000 investment from Eric Sprott, which positions him as a Control Person of the company. This investment strengthens the company’s financial stability and accelerates its pre-feasibility study, aligning with its strategy to address the anticipated shortage of high-purity manganese by 2030, thus leading in the North American EV and energy storage markets. The company plans to initiate a pre-feasibility study in Q2 2025 to fast-track development and permitting, conduct various studies to support this, and continue engaging with First Nations communities.
More about Manganese X Energy Corp
Manganese X Energy Corp. operates within the mining industry, focusing on the commercialization of high-purity, EV-compliant manganese. The company is positioned to be the first publicly traded mining firm in Canada and the US to achieve this goal, with its Battery Hill project in New Brunswick, aligning with the electric vehicle and energy storage markets.
YTD Price Performance: 50.0%
Average Trading Volume: 185,617
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$11.59M
Find detailed analytics on MN stock on TipRanks’ Stock Analysis page.
