Manganese X Applauds the Electoral Approval of a Pro Environmental/Domestic Chain Government in the US
Montreal, November 9, 2020 - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: MNXXF) ("Manganese" or the "Company") Manganese X is pleased to congratulate Joe Biden on winning the US election.
According to a Financial Post article:
"Joe Biden's campaign has privately told U.S. miners it would support boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan, according to three sources familiar with the matter, in a boon for the mining industry."
Martin Kepman, CEO Manganese X comments, "This is fantastic news for Manganese X as we possess the only manganese property in North America moving to commercialization. Elon Musk has indicated that manganese will enjoy substantial and heightened profile in Tesla's EV battery plans going forward. The intent of Manganese X is to be a supplier of manganese to the North American chain for EV manufacturers. This will decrease the current dependence on foreign imports for critical metals essential to North American production."
Mr. Biden plans to spend $2 trillion on EV infrastructure as well as other green projects. This includes building over half a million charging stations by 2030 and restoring the full EV tax credit.
A team of Bloomberg New Energy Finance analysts, led by Aleksandra O'Donovan, shared some of their thoughts in a report that was published last week: "A Biden win, coupled with Democrats taking control of the Senate, has the potential to shift the trajectory of electric vehicle adoption for years while reversing some of the damage inflicted by the current administration."
About Manganese X Energy Corp.
Manganese's X mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition, our company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green/zero emissions technologies, while processing manganese at a lower competitive cost. For more information visit the website at www.manganesexenergycorp.com.
On behalf of the Board of Directors of
Martin Kepman
CEO and Director
Email: martin@kepman.com
Tel: 1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67751
