Manganese X Energy Corp (MNXXF)

[Everything-EV]

EXCITING NEWS!!!

Montreal, Quebec (Newsfile Corp. April 17, 2024) Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (the “Company” or “Manganese X”) is pleased to report its High Purity Manganese sample, being validated for commercial level qualification by US Battery Leader C4V for its Gigafactory joint ventures, passed the first step of C4V's Electric Vehicle (EV) Battery Cathode compliance standards' testing, leading to the next round of testing.

Manganese X’s High Purity Manganese sample is being qualified through C4V’s Digital DNA Supply Chain Qualification Program as part of the non-binding Memorandum of Understanding (MOU) the companies signed early 2024, (news release dated January 10th) leading to a potential offtake deal from Manganese X's Battery Hill High Purity Manganese project in Woodstock, New Brunswick, Canada.

The sample passed C4V’s Phase 1-A validation requirements and is currently in the next phase of testing, Phase 1-B, which consists of Coin Cell Testing. Phase 1-B validation work will evaluate the initial performance of the product in terms of capacity, stability, and functional capacity evaluation (FCE).

Manganese X CEO Martin Kepman commented, "We're making strides, progressing through C4V's multi-phased validation process, bringing us closer to securing a binding offtake deal for our Battery Hill project. We are confident in the quality of our High Purity Manganese product and its potential to meet C4V's EV-compliance standards for Gigafactory joint ventures.

C4V is a US battery technology company and a global leader in renewable battery technology as well as involved in some of the world’s largest Gigafactory developments.