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Manganese X Energy Corp ( (TSE:MN) ) has provided an update.
Manganese X Energy Corp has announced the successful completion of Phase 2 battery testing with Charge CCCV (C4V), achieving a notable 70% capacity retention after 4,600 cycles, which is more than double the cycle life of conventional NMC-based EV batteries. This breakthrough highlights the potential of their high-purity manganese as a game-changing material in the global EV and Battery Energy Storage System markets, paving the way for commercial adoption and potential strategic partnerships.
Spark’s Take on TSE:MN Stock
According to Spark, TipRanks’ AI Analyst, TSE:MN is a Neutral.
Manganese X Energy Corp faces major financial hurdles with no revenue and negative cash flows. While recent investments and project advancements offer potential future benefits, current technical indicators show mixed signals, and valuation concerns persist due to financial instability.
To see Spark’s full report on TSE:MN stock, click here.
More about Manganese X Energy Corp
Manganese X Energy Corp is focused on advancing its Battery Hill project, aiming to become the first publicly traded manganese mining company in Canada and the US to commercialize high-purity manganese for the electric vehicle (EV) market. The company seeks to supply value-added materials to the lithium-ion battery and alternative energy industries, while also working towards more efficient and carbon-friendly processing methodologies.
Average Trading Volume: 119,741
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$12.88M
For an in-depth examination of MN stock, go to TipRanks’ Overview page.