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- Manganese X Energy (OTCQB:MNXXF) has announced the signing of a Memorandum of Understanding with U.S. battery technology company C4V. This collaboration holds the potential for an offtake deal from the company’s Battery Hill High Purity Manganese project in Woodstock, New Brunswick, Canada.
- The non-binding agreement revolves around the potential supply of Electric Vehicle compliant High Purity Manganese Sulfate Monohydrate. A sample of this product is presently undergoing pre-qualification by C4V for its Gigafactory joint ventures.
- Martin Kepman, CEO of Manganese X, expressed, “This marks a significant step in Manganese X’s mission to emerge as a sustainable and reliable North American supplier of HPMSM. It could even pave the way for worldwide supply, thanks to C4V, which also represents additional Gigafactories around the world. “
- Source: Press Release
