MN - Manganese X Energy Corp agrees to MOU with US battery technology leader C4V
(NewsDirect)
Manganese X Energy Corp CEO Martin Kepmanjoined Steve Darling from Proactive to share the news that the companyhas entered into a Memorandum of Understanding (MOU) with C4V, aprominent US battery technology leader, which holds immense promisefor a potential off-take agreement from Manganese X Energy Corp'sBattery Hill High Purity Manganese project located in Woodstock, NewBrunswick, Canada.
C4V, renowned forits leadership in renewable battery technology and its involvement inmajor Gigafactory developments worldwide, including those in Geelong,Australia, and the United States, has shown keen interest in thecollaboration.
This non-bindingagreement is predicated on the possible supply of Electric Vehicle(EV) compliant High Purity Manganese Sulfate Monohydrate, a sample ofwhich is currently undergoing pre-qualification by C4V for use intheir Gigafactory joint ventures.
The sample in question was produced as part of Manganese XEnergy Corp's Pilot Plant Project, which employs theirpatent-pending, groundbreaking manganese purificationtechnology.
This technology enablesthe transformation of Battery Hill manganese carbonate into ElectricVehicle compliant High Purity Manganese Sulfate Monohydrate (HPMSM),serving as a precursor to the cathode in battery manufacturing.
This strategic partnership holds thepromise of playing a pivotal role in the supply chain for EVbatteries, as high-purity manganese is a crucial component in theproduction of advanced batteries.
The MOU represents a significant step forward in thecompany's quest to contribute to the growing electric vehicleindustry while further solidifying its position as a key player in therenewable energy sector.
Thecollaboration between Manganese X Energy Corp and C4V exemplifiestheir shared commitment to sustainable energy solutions and highlightsthe importance of securing a stable supply of critical materials forthe EV revolution.
As the pre-qualification process advances andthe partnership takes shape, both companies are poised to make alasting impact on the clean energy landscape by fostering innovationand the development of cutting-edge batterytechnology.
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