Dear
Subscribers,
We believe
that manganese is becoming a critical mineral within
the electric
vehicle (EV) battery revolution.
The entire
market is turning in the direction of EV. During their
last Battery Days, VW and
Tesla said
that
manganese is the future.
VW's Frank
Blume Head of Battery Cells and Systems talks about VW's battery
technology,
Check it out:
https://www.youtube.com/watch?v=HEJBSZlsnR0
Tesla, GM, VW
are stating they will need manganese for the EV
cathode
battery.
School buses
and trucks are now being built with batteries in Canada. Manganese
X has a very large resource near the US and a very advanced
metallurgical work. The next important milestone for us will be the
upcoming Preliminary Economic Assessment (PEA).
The industry
demand for a new Manganese rich battery has been elevated, not by
chance, but out of necessity. The many important benefits of
Manganese as a raw material is
that it can
be extracted ethically, withstand
high temperatures and with Manganese trading at a value of $1,700
US dollars per ton compared to Cobalt at $52,000 dollars a ton, it
makes Manganese today the only alternative option for these new and
cost efficient batteries, digging a grave for the Nickel Manganese
Cobalt Lithium-ion battery.
Cobalt free
Manganese batteries are an enlightened choice for the
environment. At
less than one tenth the cost of Cobalt, along with the unethical
sourcing that surrounds the mining of Cobalt in West Africa, Nickel
Manganese Lithium-ion batteries, Cobalt free, will become a far
more cost efficient and socially responsible solution.
The increased
percentage of Manganese in the Nickel Manganese lithium-ion
battery
has recently
had a development breakthrough, by removing the tab. These
experiments were performed in a Tesla lab environment by Tesla
researchers, these
new tabless
cells,
which Tesla
is calling 4860 cells, will give the company's EV batteries five
times more energy capacity, make them six times more powerful, and
enable a 16 percent range increase for Tesla's
vehicles.
While these
batteries are 2-3 years away from being manufactured, the future
looks very promising as the combination of significantly increased
Manganese with Nickel, the elimination of Cobalt, thus improving
the density of the battery, will potentially make future Nickel
Manganese Lithium-ion EV batteries far more efficient and cost
effective. This will be achieved by increasing Manganese's previous
composition considerably from 10 to 33.3%.
A
report produced by Deloitte Touche
Tohmatsu
forecasts that globally there will be an annual growth rate in EV
sales of 29 percent, from 2.5 million in 2020 to 11.2 million in
2025, and reaching 31.1 million by 2030.
Currently
there is zero manganese production in North America which creates a
severe disadvantage for domestic EV manufacturers. Consequently,
Manganese X is accelerating our
efforts at
moving quickly to commercialization.
It is imperative that we close this domestic gap so we can
potentially supply companies like Tesla with much needed 'local'
manganese.
Manganese X
Energy is on a quest to become the first North American Company to
commercialize Manganese production of a manganese deposit from a
safe, environmentally appropriate resource.
We would like
to thank our shareholders for their patient support as we continue
to build on an electric metal foundation that is future centric and
provides leverage for creating
enhanced shareholder
value.
Best
Regards,
Martin
Kepman
CEO,
Manganese X
Energy Corp