Manganese X Energy Corp. is pleased to announce that it has acquired a 100% interest in its flagship Battery Hill Houlton Woodstock Manganese property located in the top-tier global mining jurisdiction of New Brunswick, by making cash payments of $200,000, issuing 4.0 million common shares and spending $1.0 million on exploration over a 2 year period. The property is subject to a 3% Gross Metal Royalty on production [...]
Montréal, Québec-- - Manganese X Energy Corp. ") is pleased to announce that it has closed on a tranche of a non-brokered private placement financing of flow-through shares for gross proceeds of up to $200,000 through issuance of 1,000,000 flow-through shares in the share capital of the Company at $0.20 per Share. The terms of the Offering remain the same as disclosed in the Company's news release dated [...]
Manganese X Energy Corp. is pleased to announce that Manganese X has agreed in principal to purchase an additional 500,000 shares by way of a private placement at $1 a share .This will represent an additional ownership of 10% of Mountain Spring Oil and Gas Limited by Manganese X amounting to a grand total of 1,250,000 shares or 25% ownership of MSOG. Peter Lake Cu-Ni-Co Project Update Line cutting and soil geochemical [...]
Manganese X Energy Corp. is pleased to announce that on Tuesday October 9th 2018 the board of directors of Manganese X approved the purchase of 750,000 shares by way of a private placement at $1 a share. This represents ownership of 15% of Mountain Spring Oil and Gas Limited by Manganese X. Subsequent to this event Manganese X was given the opportunity to purchase additional shares into MSOG. Talks are ongoing. Manganese [...]
Manganese X Energy Corp. is pleased to provide an update on its fall exploration program underway on the Peter Lake Property, located near the town of Sainte-Anne du Lac, Quebec. Results from nine blast pit samples collected from the Peter Lake North and South Occurrences returned assays of 5.38% Copper, 0.96% Nickel and 922 ppm Cobalt; as well as other anomalous samples. The work was conducted -- The North and South [...]
Manganese X Energy Corp. has received written confirmation from Mountain Springs Oil and Gas Limited that MSOG expects the final definitive 15 % agreement will be received by Manganese X next week. The delay was caused due to the fact that MSOG's legal team is presently in Singapore this week engaged in prior work commitments. Manganese X will update the market by way of a news release by the end of next week. Manganese X [...]
Manganese X Energy Corp. is pleased to announce that it has been advised by Mountain Springs Oil and Gas Limited that it has completed its first oil and gas acquisition at the cost of $13 million dollars located in Western Canada that currently yields approximately $235,000 per month or $2.8 million per year pre- implementation of Schlumberger Heal Systems Technology. MSOG has also informed Manganese X that it is near [...]
Manganese X Energy Corp. announces that it has signed a Property Option Agreement with a group represented by Mr. Francois Marcotte prospector as well as Guy Le Bel, Michel Delise and Rémi Charbonneau . The Vendors will continue to assist the Company by managing the exploration program guided by their significant knowledge of the Property in conjunction with our vice president of exploration Roger Dahn P. Geo. The [...]
Manganese X Energy Corp. The Company is pleased to report that it recently received from the National Research Council a research proposal: "The potential of ore upgrading and purification techniques to produce battery grade material." The proposed project objectives and scope of work are based on email exchanges and documentation provided by MN. The proposed project objectives are to: i) identify a potential upgrading [...]
Manganese X Energy wishes to clarify its latest News Release dated June 14th 2018. Mountain Springs Oil and Gas Limited purchase price of their first oil and gas acquisition is $17.5 million dollars. Current annual positive cash flow from this project is estimated at $3,500,000. In addition Schlumberger's technology will also be utilized on this acquisition to increase the daily output of production. Mountain Springs is [...]
Manganese X Energy Corp. Michael Duggan, President of Mountain Springs Oil and Gas Ltd , on Tuesday, June 12th, has informed Manganese X that Mountain Springs are in the final stages of their due diligence to acquire an oil and gas property located in Central Alberta yielding net approximately $3.5 million per year. Due Diligence and, if successful, possession of the property are expected to be completed in 30 - 45 days [...]
Manganese X Energy is pleased to announce that negotiations with Calgary based Mountain Springs Oil and Gas Ltd. to acquire a 15 % equity interest in Mountain Springs are progressing well. Mountain Springs has advised that funding for the expected acquisitions by Mountain Springs will be secured through Integrated Asset Management Corp. and Stonebridge Financial. Manganese X has also been approved by the National Research [...]