Manganese X Energy (MN) has reached another two major milestones as it completes the Battery Hill preliminary economic assessment.
The milestones are part of a leading-edge purification process carried out by Kemetco Research Inc.
In the first milestone, test work evaluated the final high purity manganese sulphate monohydrate (HPMSM) crystallization through a novel and innovative purification process developed by Kemetco.
This new modified process was validated through repeated cycles of testing and eliminates one of two major purification steps that could create important economic advantages for the project.
Another milestone achieved was producing final crystal products with all contaminants below 100 ppm, which is a crucial threshold level for battery-grade HPMSM. Kemetco’s report identified the critical control factors for producing the high purity product in a commercial process and laid out the next steps to advance the technology to a larger scale.
With these two milestones reached, Manganese X has completed the third and final phase of metallurgical testing for the preliminary economic assessment (PEA) at the Battery Hill project.
The PEA is being undertaken by engineering and consulting firm Wood PLC as Manganese X continues to advance and produce high-grade battery material for the EV and storage energy markets.
“We are very optimistic heading into the final stages of our PEA,” said Manganese X CEO Martin Kepman. “The key will be to ensure cost effective production that will allow scalability.”
“Given that the new lab-proven process is very favorable for scaling up, we may transition into a pilot project immediately following our PEA,” added Mr. Kepman.
Manganese X Energy is a Canadian-based junior mineral exploration and development company.
Shares in Manganese X Energy Corp. (MN) are up 13.33 per cent, trading at $0.34 per share as of 3:26 pm EST.