Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (OTCQB: MNXXF) “The bullet” has been watching Manganese X Energy Corp ($MN.V $MNXXF) for over a year now and Ceo Martin Kepman has been working hard to get this company to becoming the first publicly trading producing North American High Purity Manganese for the EV industry!
With a robust PEA by Woods and patent pending technology by Kemetco eliminating certain processes has advanced towards the midway point of the pilot project and has now joined the world renowned Manganese Institue on top of being a critical mineral protected by law and treaties between the USA and Canada, Manganese is also part of the USA’s production of critical mineral war act, Manganese X Energy Corp is on its way to becoming the first North American publicly traded high purity manganese company on the stock exchange, is certainly an eye opener.
So why is the Stock sitting at 0.1750$ we would have to wonder why it’s this low and if it should be trading at this level?
Let us also take into account Stonegate Capital Partners valuation as a look at where the stock is and where it should be. I am providing the link to the work here that they’ve done to get to their valuation.
Here are some facts and Key Highlights from Stonegtes Research:
Positive NPV: The Published PEA reports a positive after tax PEA of $486 Million USD with a Internal Rate of Return (IRR) 25%,…
Strategic Location: The Battery Hill project is located in New Brunswick Canada and highways and major shipping lanes to the USA and Europe…
Large Resource: One of the three main historic manganese zones, Battery Hill are estimated at 35.14 million tonnes of measured and 27.72 million tonnes of Inferred…
Collaboration with downstream companies: Manganese X Energy Corp. has entered NDA’s with EV Cathode material Producers.
Significant Market Opportunity: …Manganese plays a critical role in stabilizing the structure of nickel, manganese, and cobalt (NMC) cathode materials, thereby improving the performance of Lithium-Ion batteries. LFP (Lithium-Iron-Phosphate) batteries are the most common batteries in China and the LMFP (Lithium-Manganese-Iron-Phosphate) batteries have shown great promise, which is likely to lead to higher demand for manganese in batteries.
Pilot Plant for EV Battery Project: The Company recently filed for a provisional patent pending on a groundbreaking metallurgical process for the battery grade high purity manganese MnSO4 (HPMSM). One of the primary goals of this pilot plant is to show that the Company’s manganese feedstock from Battery Hill can produce HPMSM on a larger commercial scale. If the pilot run is successfully completed, Manganese X will become one of the very few companies in the world who can produce MnSO4 directly from their ore…
Valuation: When we look at current manganese producers at a similar stage of development, we find that most are trading at a median of 0.05x EV/NPV per their most recent assessments. This is compared to Manganese X which is currently trading at 0.02x. Given that a larger percentage of Manganese X’s resources are classified as indicated vs inferred we believe a range of 0.05x to 0.07x with a midpoint of 0.06x is reasonable, valuing MN at a slight premium to the comps. This leads to a current valuation range of $0.48-$0.66 with a midpoint of $0.57 per share.
MARKET STATISTICS: Exchange / Symbol TSXV: MN Price (C$): $0.19 Market Cap (C$M): $25.1 Enterprise Value (C$M): $22.2 Shares Outstanding (C$M): Float (%): 135.7 99.3% Volume (3-month avg.): 0.07M 52-week Range (C$): $0.17-$0.58.
IN CONCLUSION:
From what we have gathered from the importance of Manganese, the fact that Manganese is on the critical mineral list also included in the USA’s War Act adding the valuation given from Stonegate Capital Partners valuation range of $0.48-$0.66 with a midpoint of $0.57 per share as an average share price of 0.57$, Manganese X’s Management and Board of Directors, their positive PEA by Wood, the Patent Pending Process’s by Kemetco, the after tax NPV and IRR, midway point in the pilot project for the Pre feasibility study, high ESG standards, its strategic location, and the importance of the mineral itself as well as being on its way to becoming the first North American publicly traded high purity manganese producing company targeting the Electric Vehicle, #energy industry.
The Stock Market Bulletin AKA “the bullet” based on its research has given Manganese X Energy Corp. the rating of #stockstobuy!
The Stock Market Bulletin views the future of Manganese X Energy Corp in a positive light and recognizes that Manganese X Energy Corp. has positioned itself in a high demand sector supplying the Electric Vehicle and Energy Industry.
Bullet Rating: #Stockstobuy
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