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Manganese X Energy Corp ( (TSE:MN) ) has issued an update.
Manganese X Energy Corp. announced positive results from an initial ore sorting study conducted by ABH Engineering Inc. on its Battery Hill manganese deposit in New Brunswick, Canada. These promising results, which showed over 95% effectiveness in sorting valuable rocks from waste, pave the way for a more extensive Phase 2 study and the upcoming Pre-Feasibility Study. The successful implementation of this sorting technology could lead to numerous benefits, including improved project economics, reduced resource consumption, and increased mine life, positioning the company advantageously in the manganese mining industry.
More about Manganese X Energy Corp
Manganese X Energy Corp. is focused on advancing its Battery Hill project to become the first publicly traded manganese mining company in Canada and the US to commercialize EV-compliant high purity manganese. The company aims to supply value-added materials to the lithium-ion battery and other industries, potentially supporting the North American supply chain.
YTD Price Performance: 60.0%
Average Trading Volume: 135,558
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$12.37M
See more data about MN stock on TipRanks’ Stock Analysis page.