The Missing Link

Richard (Rick) Mills

Page 3 of 3


Battery Hill


Manganese X Energy Corp.’s  Battery Hill property (Globex Mining’s Houlton Woodstock Manganese Property) is approximately 6 km long on a north-south axis and approximately 1.7 km wide, east-west. The property (Exploration Licence 5816) is located beside the hamlet of Jacksonville and 5 km northwest of Woodstock, New Brunswick.


Three main historic manganese carbonate zones plus at least two additional showings identified in historic exploration are located on MN’s Battery Hill property (these are all historical figures and are not 43-101 compliant):

  • The Moody Hill zone with the potential to contain an estimated 10,000,000 tons (9,072,000 tonnes)
  • The Sharpe Farm zone with the potential to contain 8,000,000 tons (7,257,000 tonnes)
  • The Iron Ore Hill zone with the potential to contain 25,000,000 tons (22,680,000 tonnes)

These three zones have a range of grades from 7.5% to 10% Mn carbonate with an overall estimated average grade of 9% Mn carbonate.


Further showings of manganese carbonate have been identified on MN’s Battery Hill property north of the Iron Ore Hill occurrence. The Maple Hill showing is reported to have grades of 6.97% manganese carbonate and the Wakefield showing, at the far northern end of licence 5816, is reported to have yielded 8.86% manganese carbonate in sampling.


Manganese X optioned the Battery Hill property in June, 2016 from project generator, Globex Mining (TSX: GMX). MN may acquire 100% interest in the property from Globex Mining, subject to a 3% Gross Metal Royalty, by:

  • Over a two-year period, making $200,000 in cash payments ($100,000 already paid)
  • Issuing 4,000,000 post-consolidation shares (2,000,000 obligatory)
  • Undertaking an aggregate of at least $1mn in exploration expenditures
  • Delivering a Preliminary Economic Assessment to Globex Mining on or before the fourth anniversary of the option agreement

Manganese X is moving quickly. On Dec. 21, the company announced that it completed its initial diamond drill program. The drilling program consisted of 16 holes totaling 3,589 meters, and was completed as an initial test of three primary areas on the property, the Iron Ore Hill, Sharpe Farm and Moody Hill manganese carbonate occurrences. The drill targets were based on the results derived from gravity and magnetometer surveys completed in October, 2016.


A second drill program, for which the company is financed, will be needed to complete a 43-101 compliant resource report.




The main issue with renewable energy is its fleeting nature. When the wind is blowing or the sun is shining, the electricity that is produced must either be used or lost. On the other hand, when it’s cloudy or the wind isn’t blowing, power may not be available to meet demand. Energy storage addresses this problem by capturing excess energy during productive times and releasing it during leaner times.


Widespread adoption of clean renewable energy has been held back because of two major factors: the high cost of solar installations and the lack of economically efficient storage batteries. Solar and wind costs have fallen drastically. Because 52% of battery cost is in raw materials, using manganese can significantly bring down the manufacturing cost of lithium ion batteries – nickel and cobalt are much more expensive then manganese.


China controls the electrolytic manganese metal market. North America currently has zero domestic mines producing manganese.


According to Tesla CEO Elon Musk, energy storage is the last vital piece, the missing link needed to wean the global economy off fossil fuels and enable widespread adoption of renewable clean energy and electric cars.


But to get there we need a long term 'domestic' supply chain of manganese – from mine to battery – our supply of EMM and more advanced products such as EMD can no longer be based on the goodwill of China.


Manganese X Energy Corp. (TSX.V – MN) has identified a niche in supplying a strategic and energy critical mineral to help solve the last piece of the puzzle presented by renewable energy’s electrification of transportation and power generation systems.


And for that reason Manganese X Energy Corp., and it’s Battery hill manganese project, should be on all our radar screens. Is MN on your screen?


If not, it should be.


Richard (Rick) Mills


Richard lives with his family on a 160 acre ranch in northern British Columbia. He invests in the resource and biotechnology/pharmaceutical sectors and is the owner of




Legal Notice / Disclaimer


This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.


Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.


Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice.


Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.


Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.


Richard owns shares of Manganese X Energy Corp. (TSX.V – MN). Manganese X Energy  is an advertiser on Richard’s site –





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