Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) ( “MN” or the “Company”). The Company is pleased to report that it recently received from the National Research Council (“NRC/CNRC”) a research proposal: “The potential of ore upgrading and purification techniques to produce battery grade material (high purity 99.999%).”
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (“Manganese X”) Michael Duggan, President of Mountain Springs Oil and Gas Ltd (“Mountain Springs”), on Tuesday, June 12th, has informed Manganese X that Mountain Springs are in the final stages of their due diligence to acquire an oil and gas property located in Central Alberta yielding net approximately $3.5 million per year. Due Diligence and, if successful, possession of the property are expected to be completed in 30 – 45 days. Upon completion and possession of the property Mountain Springs has also indicated that a definitive agreement will be executed to sell Manganese X 15% interest in Mountain Springs as previously indicated in non-binding letter of intent.
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2)(OTC Pink: SNCGF) ( “Manganese X” ) is pleased to announce that it is in the process of completing its due diligence investigation and is progressing to acquire a 15 % equity interest in Calgary based Mountain Springs Oil and Gas Ltd. (“Mountain Springs”). The purchase price will be $500,000 cash and 2,500,000 Manganese X Energy Corp. common Shares.
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: SNCGF) (the “Company“) is pleased to announce that the Company has granted 950,000 incentive stock options to various Directors, Officers and Consultants. The options are exercisable at $0.20 per option for a period of 2 years from the date of grant and have no vesting conditions. The options are being issued under the terms of the Company’s Stock Option Plans which were approved by shareholders at the Company’s Annual General and Special Meeting on April 21, 2016.
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: SNCGF) (the “Company” or Manganese X ) committed itself in early 2017 to achieve a fundamental understanding of the mineralogical composition of the various manganese bearing zones within its Battery Hill deposit to assist in its metallurgical evaluations. With the use of scanning electron microscopy, or Qemscan, X-Ray Diffraction and other techniques, the company was able to build an extremely detailed portrait of the various ore types contained in the major zonal deposits, to a far greater level of comprehension than had been obtained since the first discovery of manganese in southern New Brunswick in 1836.