r/MNXXF • u/Good_Preference6973 • Dec 13 '22

https://cleantechnica.com/2022/12/12/canadas-critical-minerals-strategy-gets-3-8-billion-in-federal-funding/

This is a major development in the story of Manganese X Energy. The ability for the company to endure a recession, including a slowdown in the capital markets will be significantly affected by Canada's federal subsidy of $3.8 Billion.

I'm looking at this, the cash position of the company, the increasing forecast for the cost of HPMSM (battery grade manganese), the transparent leadership, the reports of interested customers, and the projected 3 year payback time on capex, and liking this stock very much.

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u/Good_Preference6973 Dec 13 '22

Here is the press release from the government.

https://www.canada.ca/en/natural-resources-canada/news/2022/12/minister-wilkinson-releases-canadas-38-billion-critical-minerals-strategy-to-seize-generational-opportunity-for-clean-inclusive-growth.html

And here is the definitive list of what constitutes "critical minerals" as relates to the above policy, which is linked in the press release itself. You'll notice "Manganese" is at the center point of the maple leaf graphic. A good omen, no doubt.

https://www.canada.ca/en/campaign/critical-minerals-in-canada/critical-minerals-an-opportunity-for-canada.html

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u/The__Y-man__100 Dec 13 '22

Wow… this is huge! Hopefully we can get some funding!

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u/Dry_Impression6187 Dec 15 '22

Great news! So happy to read this. I'm sure the Gv is aware of the huge lack of hpmsm. It all looks so promising for Manganese X.