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Manganese X Energy (OTCQB: MNXXF) Gets Strong Ore Sorting Results Ahead of Pre-Feasibility Study

Ian Leigh

This morning Manganese X Energy (OTCQB: MNXXF) could be one of the companies to watch closely in light of the announcement it made today. In a new development, the company shot into focus after it announced the positive results from the Phase 1 ore sorting study. In this feature, we will take a closer look.

The Announcement

The preliminary study, conducted by AHB Engineering, had been conducted on the sample material sourced from the Battery Hill manganese deposit of Manganese X Energy located near Woodstock in New Brunswick, Canada. In the news release, the company also noted that the study had been conducted in order to prepare for the PFS (Pre-Feasibility Study) that would begin in the second fiscal quarter of 2025.

Key Details

Thanks to the strong results from the Phase 1, the company had decided to go for a more expansive Phase 2 study, which was in progress in conjunction with the Battery Hill PFS. The company noted that the study revealed that the ore sorting process had proven to be cost effective and could have significant financial benefits in the longer term for Manganese X Energy.

CEO Quote

CEO Martin Kepman said, “We believe that these results are very promising and as a result, we are undertaking more intensive tests in Phase 2 so as to prove the economic potential of the sorting technology being used.”

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.