TSXV:DV - Post Discussion
Post by
GraviTee on Jan 14, 2025 12:18am
Eric Sprott who owns 30,499,483 shares of DV
Or
9.70% of this company - has just made an acquisition:
Its in the highly volatile critical minerals category namely manganese.
That company is: Manganese X Energy Corp V.MN
Critically important in steel and in lithium production , there is no substitute for manganese.
North America is 100 percent dependent on manganese imports for its steel and battery production.
With advancements in the lithiom ion battery improving battery life by many years as well as in cost reduction and weight factors, the EV market is only getting started.
China is the almost exclusive supplier of manganese at 97% of it.
Considering Donald Trump's Tarriffs of up to 100 percent that he wants to impose on countries like China that opt for trade in other than the US dollar, manganese becomes an even more critical mineral out of reach.
North America is without a domestic manganese supply chain, and that poses significant problems for economic growth on the continent.
This Canadian company can alleviate much of the critical supply problem and Eric Sprott is in on it.
Eric Sprott throws weight behind Manganese X Energy | 2025-01-02 | Investing News | Stockhouse
Manganese Supply Chain Challenges in North America | INN
MANGANESE X ADVOCATES CANADIAN GOVERNMENT PRIORITIZE MANGANESE ON CRITICAL MINERAL LIST – Manganese X Energy Corp.
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