Latest news with #BatteryHill
The Market Online
04-07-2025
- Business
- The Market Online
Manganese X Energy energized by G7 Critical Minerals Action Plan
Manganese X Energy Corp. (TSXV:MN) has announced a significant boost for its flagship Battery Hill Manganese Project following the release of Canada's G7 Critical Minerals Action Plan The Action Plan, introduced by the Prime Minister's Office, seeks to position Canada as a global leader in securing responsible and sustainable supply chains for critical minerals Battery Hill's choice location in New Brunswick and its alignment with national and international clean energy goals make it a compelling candidate for future investment and development Manganese X Energy stock (TSXV:MN) last traded at $0.06 This content has been prepared in collaboration with Manganese X Energy Corp., a third-party issuer, and is intended for informational purposes only. Manganese X Energy (TSXV:MN) has announced a significant boost for its flagship Battery Hill Manganese Project following the release of Canada's G7 Critical Minerals Action Plan, unveiled during the G7 Summit in Kananaskis, Alberta. The Action Plan, introduced by the Prime Minister's Office, seeks to position Canada as a global leader in securing responsible and sustainable supply chains for critical minerals — the building blocks of clean energy, battery technologies, and economic resilience. Among the minerals spotlighted is manganese, a key component in next-generation battery production and a central focus of Manganese X's operations. 'This Action Plan specifically encourages investment in mining and processing projects like ours,' Martin Kepman, CEO of Manganese X said in a news release. 'It's a clear signal that Battery Hill is on the right track and aligned with both Canada's and the G7's vision for critical minerals'. The G7 Critical Minerals Action Plan outlines several strategic priorities: Mobilizing investment to overcome permitting and financing barriers in mining and processing to overcome permitting and financing barriers in mining and processing Supporting local value creation and environmentally responsible mining practices and environmentally responsible mining practices Encouraging collaboration among governments, Indigenous communities, industry, and local stakeholders among governments, Indigenous communities, industry, and local stakeholders Promoting innovation in mineral processing, recycling, and sustainable supply chains For Manganese X, the timing couldn't be better. The company is preparing to launch its Pre-Feasibility Study (PFS) for Battery Hill, a project that could position it as the first publicly traded company in Canada and the U.S. to commercialize EV-compliant high-purity manganese. Battery Hill's choice location in New Brunswick and its alignment with national and international clean energy goals make it a compelling candidate for future investment and development. As the global demand for electric vehicles and renewable energy storage accelerates, so too does the need for secure, domestic sources of critical minerals like manganese. With Canada's renewed commitment to critical mineral development, the question now becomes: Could Battery Hill emerge as a key contributor to the North American critical minerals supply chain? Manganese X Energy Corp. intends to supply high-purity manganese to the lithium-ion battery and other alternative energy industries. Manganese X Energy stock (TSXV:MN) last traded at $0.06. Join the discussion: Find out what everybody's saying about this manganese stock on the Manganese X Energy Corp. Bullboard and check out Stockhouse's stock forums and message boards.
Yahoo
06-03-2025
- Business
- Yahoo
Manganese X Energy Corp. Announces Conversion of Subscription Receipts from $2.1 Million Private Placement, Including Investment from New Control Person Eric Sprott
Montreal, Quebec--(Newsfile Corp. - March 6, 2025) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) ("Manganese X" or the "Company") is pleased to announce that following the closing of its $2,100,000 offering (the "Offering") of 60,000,000 subscription receipts (each, a "Subscription Receipt"), at a price of $0.035 per Subscription Receipt, on January 28, 2025, the Escrow Release Conditions (as defined below) related to the Subscription Receipts have been satisfied. This has resulted in (i) the Subscription Receipts being automatically converted into units of the Company (the "Units"), and (ii) the Escrowed Funds (as defined below) being released to the Company. In connection with the Offering, 57,142,857 Subscription Receipts were issued to 2176423 Ontario Ltd., a corporation beneficially controlled by Eric Sprott, for gross proceeds of $2,000,000. Each Unit consists of one common share of the Company (a "Share") and one-half of a share purchase warrant. Each whole warrant (a "Warrant") entitles the holder to purchase one additional Share (a "Warrant Share") at a price of $0.06 per Warrant Share for a period of 36 months from the date of issuance. The gross proceeds from the sale of the Subscription Receipts, together with any interest earned thereon, (the "Escrowed Funds"), were placed into escrow on January 28, 2025 and have now been released to the Company, following the satisfaction of the escrow release conditions (collectively, the "Escrow Release Conditions"). This included, among other things, the Company having obtained the requisite approval of its shareholders and the TSX Venture Exchange to authorize Eric Sprott to become a "Control Person" (as defined in the policies of the TSX Venture Exchange) of the Company, upon conversion of the Subscription Receipts. The Company secured shareholder approval during its annual and special meeting held on February 28, 2025. All securities issued under the Offering are subject to a statutory hold period of four months and one day from the issuance date of the Subscription Receipts, as required under applicable securities laws and the policies of the TSX Venture Exchange. Use of Proceeds The proceeds from the Offering are expected to support the advancement of the Company's Battery Hill Project in New Brunswick, including the completion of a pre-feasibility study, with a portion allocated to general working capital. The Company confirms that no proceeds from the Offering will be used for payments to non-arm's length parties or investor relations activities. About Manganese X Energy Corp. Manganese X's mission is to advance its Battery Hill project into production, thereby becoming the first public actively traded manganese mining company in Canada and US to commercialize EV compliant high purity manganese, potentially supplying the North American supply chain. The Company intends on supplying value-added materials to the lithium-ion battery and other alternative energy industries, as well as striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost. For more information visit the website at On behalf of the Board of Directors ofMANGANESE X ENERGY CORP. Martin KepmanCEO and DirectorEmail: martin@ 1-514-802-1814 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Manganese X, are forward-looking statements. Forward-looking statements in this news release relate to the expected use of proceeds of the Offering, and the Company's goals and plans for 2025, including, among other items, its PFS. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Manganese X, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. These risks, as well as others, are disclosed within the Company's filings on SEDAR+, which investors are encouraged to review prior to any transaction involving the securities of the Company. Readers should not place undue reliance on the forward-looking statements. Manganese X does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. // THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES // To view the source version of this press release, please visit
Yahoo
29-01-2025
- Business
- Yahoo
Manganese X Energy Corp. Announces Closing of $2.1 Million Non-Brokered Private Placement with Participation of Eric Sprott
Montreal, Quebec--(Newsfile Corp. - January 29, 2025) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) ("Manganese X" or the "Company") is pleased to announce the successful closing of its non-brokered private placement (the "Offering"), raising aggregate gross proceeds of $2,100,000 through the issuance of a total of 60,000,000 subscription receipts (the "Subscription Receipts") at a subscription price of $0.035 per Subscription Receipt. The Offering was initially announced on January 2, 2025. The gross proceeds from the Offering are currently held in escrow and will be released to the Company upon receiving all necessary shareholder and regulatory approvals (the "Approvals"), including shareholder approval for the creation of a new "Control Person" under TSX Venture Exchange (the "TSXV") policies. The Offering remains subject to the final acceptance of the TSXV. Following the Approvals, each Subscription Receipt will automatically convert into one unit of the Company ("Unit") without additional consideration. Each Unit consists of one common share ("Share") and one-half of a share purchase warrant. Each whole warrant ("Warrant") entitles the holder to purchase one additional Share ("Warrant Share") at $0.06 per Warrant Share within 36 months of issuance. If the Approvals are not obtained by March 31, 2025, the Subscription Receipts will be cancelled and the escrowed funds will be refunded to subscribers. The securities issued under the Offering are subject to statutory and TSXV hold periods, both expiring on May 29, 2025. Notable Investment by Eric Sprott Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, invested $2,000,000 by subscribing for 57,142,857 Subscription Receipts. Upon conversion, Mr. Sprott will own 57,142,857 Shares and 28,571,428 Warrants, representing 26.63% of the then outstanding Shares (non-diluted) and 35.25% (partially diluted) assuming full Warrant exercise. Shareholder Meeting for Approval The Company will hold an annual and special shareholders' meeting on February 28, 2025, to approve, among other things, Mr. Sprott, through 2176423 Ontario Ltd., as a new Control Person of the Company. Additional meeting details, including the record date, location, and time, are set forth in the Notice of Meeting and Management Information Circular for the meeting, which are both available on the Company's SEDAR+ profile at Use of Proceeds The net proceeds are expected to primarily advance the Battery Hill Project in New Brunswick, including the completion of a pre-feasibility study, with a portion allocated for general working capital. The Offering utilized the TSXV's Minimum Price Exception, permitting issuances below $0.05 per Subscription Receipt. The Company confirms no proceeds will be used for payments to non-arm's length parties or investor relations activities. About Manganese X Energy Corp. Manganese X's mission is to advance its Battery Hill project into production, thereby becoming the first public actively traded manganese mining company in Canada and US to commercialize EV compliant high purity manganese, potentially supplying the North American supply chain. The Company intends on supplying value-added materials to the lithium-ion battery and other alternative energy industries, as well as striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost. For more information visit the website at On behalf of the Board of Directors ofMANGANESE X ENERGY CORP. Martin KepmanCEO and DirectorEmail: martin@ 1-514-802-1814 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Manganese X, are forward-looking statements. Forward-looking statements in this news release relate to the acceptance of the Offering by the TSXV, the ability of the Company obtain the necessary Approvals, the conversion of the Subscription Receipts to Units, the upcoming annual and special shareholders' meeting, the creation of a new Control Person, the expected use of proceeds of the Offering, and the Company's goals and plans for 2025, including, among other items, its pilot plant project and PFS. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Manganese X, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. These risks, as well as others, are disclosed within the Company's filings on SEDAR+, which investors are encouraged to review prior to any transaction involving the securities of the Company. Readers should not place undue reliance on the forward-looking statements. Manganese X does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. //THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES // To view the source version of this press release, please visit Sign in to access your portfolio
