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- Manganese X Energy (OTCQB:MNXXF) has signed a Memorandum of Understanding with U.S. battery technology company C4V, leading to a potential offtake deal from the company's Battery Hill High Purity Manganese project in Woodstock, New Brunswick, Canada.
- The non-binding agreement is based on the potential supply of Electric Vehicle compliant High Purity Manganese Sulfate Monohydrate, a sample of which is currently being pre-qualified by C4V for its Gigafactory joint ventures.
- Manganese X CEO Martin Kepman commented, "This is a significant step in Manganese X's mission to become a sustainable and reliable North American supplier of HPMSM and could even potentially lead to being a worldwide supplier, thanks to C4V which also represents additional Gigafactories around the world."
- Source: Press Release