Workflow
G7 critical minerals buyer's clubs
icon
Search documents
Manganese X Energy Corp. Supports G7 Critical Minerals Buyer's Clubs Strategy Addressed by Prime Minister Mark Carney at World Economic Forum in Davos
TMX Newsfile· 2026-01-26 05:15
Core Viewpoint - Manganese X Energy Corp. supports the formation of G7-anchored buyer's clubs for critical minerals to secure ethical and resilient supply chains for the global energy transition [1][2]. Group 1: G7 Buyer's Clubs - The G7 buyer's clubs aim to aggregate demand and support long-term offtake commitments, enhancing demand certainty and reducing financing risk for credible producers [2]. - This strategy signifies a shift from spot markets to long-term strategic contracting for critical mineral supply [2]. Group 2: Impact on Battery Materials Sector - The establishment of G7-anchored critical minerals buyer's clubs could significantly benefit the battery materials sector by accelerating the development of localized, traceable, and ESG-compliant battery-grade manganese [3]. - Manganese X is currently engaged in a prefeasibility study for its Canadian Battery Hill manganese project, aligning with this strategic initiative [3]. Group 3: Battery Hill Project - The Battery Hill project in New Brunswick, Canada, is strategically located with access to clean power and established infrastructure, containing one of the largest manganese carbonate deposits in North America [4]. - Battery-grade manganese is increasingly recognized as essential for electric vehicles and energy storage systems, with high-purity processing capacity being limited [5]. Group 4: Importance of Critical Minerals - Critical minerals, including manganese, are foundational to modern economies, supporting electric vehicles, energy storage, renewable power generation, and advanced manufacturing [6]. - Despite geological abundance, supply-chain risks are heightened due to concentrated refining and processing capacities often located outside G7 jurisdictions [6]. Group 5: Company Activities - Manganese X is advancing its exploration activities, engineering studies, process optimization, and strategic engagement with industry and government stakeholders [7]. - The company's mission is to advance the Battery Hill project into production, aiming to become the first publicly traded manganese mining company in Canada and the U.S. to commercialize EV-compliant high-purity manganese [8].