- Developing world-class mineral assets supported by global strategic partnerships
- Maxtech is focused on becoming a pure-play, low-cost manganese supplier for the agricultural, industrial and green technology markets
- Clean energy applications using manganese include electric vehicles, off-the-grid power systems and other energy storage applications
- Estimated global demand for manganese is projected at 28.2 million metric tons by 2022 while production has historically lagged far behind
- Manganese has recorded a 42% gain in price since 2016
Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRANKFURT: M1N), headquartered in Canada, is a junior exploration company assembling and acquiring mineral assets worldwide with a view to becoming a pure-play, low-cost supplier of manganese to the agricultural, industrial and green technology markets. Maxtech has assembled several high-grade manganese assets that it intends to develop with its established partners on the ground in strategic global regions.
Manganese is a diverse battery metal increasingly in high demand as an irreplaceable mainstay of steel production, an essential element of fertilizer in the agricultural sector, and as a vital resource in renewable battery technology. Maxtech Ventures is positioning itself to become a force in the green energy revolution where manganese is a critical element used in rechargeable batteries that power cars, hybrid vehicles, power tools and home appliances. LMD batteries, which typically use a 61 percent manganese in its mix and 4 percent lithium, are currently used in the Chevrolet Volt, Nissan Leaf, Hyundai Sonata and some Tesla-produced products. LMD batteries have numerous benefits including higher power output, thermal stability and improved safety compared to regular lithium-ion batteries.
“The price and demand for high-grade manganese is again on an upward trend. There are only a handful of junior pure play manganese explorers. This is an advantage Maxtech is looking to capitalize on as it expands its claims and strategic relationships in more mining jurisdictions,” said Maxtech Ventures CEO Peter Wilson.
Maxtech Ventures holds strategic partnerships; one of which is Grupo Maringa Ferro-Liga SA. Maringa is the second largest producer of high-grade manganese in South America with over 2,000 employees and over US$200 million in 2016 revenues.
Maxtech Ventures is currently advancing work on several high-grade manganese projects in Brazil with its first large land package in Juína in the State of Mato Grosso. This 40,000-plus hectare land package has assayed high-grade manganese results of 51.4 percent to 55.9 percent Mn. Detailed prospecting and geological studies are being continued on the Juína claims and a trial mining license (‘Guia de Utilização’) (GU) has been filed with the Departamento Nacional de Produção Mineral (DNPM) on one of the claims and the company is awaiting approval.
The company plans to expand its Brazilian operation into other states of the country including Pará and Goiás. Maxtech has signed a joint venture in the state of Pará on the exploration of 40,000 hectares as well as one in Goiás focused on the joint exploration, evaluation, and potential acquisition of manganese mineral deposits.
Maxtech is also currently preparing applications for licenses to explore potential high-grade manganese deposits in Zambia. The company will work closely with partner GeoQuest in its mandate to identify, joint-venture and acquire assets with high-grade manganese mineralization. GeoQuest is led and managed by Julian D.Green BSc., MSc., D.I.C., CGeol., EURGeol, FGS, FSAIMM. Julian has worked as a Professional Exploration Geologist in Eastern Europe, Australia and particularly Central and Southern Africa for a variety of mining and exploration companies including Tesla, KGHM, Rio Tinto and Caledonia.
Maxtech’s long-term strategy is to build an international industrial minerals company to produce and sell manganese ore and processed manganese into the global markets of Europe, North America and Asia. Maxtech Ventures has assembled a group of veterans in mining and exploration, acquisitions and field management to guide the development of its mineral interests.
CEO Peter Wilson has been the lead financier for public and private companies, raising over $300 million in equity and bond financings in the mineral and energy fields over the past two decades. As an experienced corporate executive, Wilson has extensive relationships in project acquisition, corporate structure and finance specializing in, but not limited to, the global resource sector.
John Harper, consulting geologist, is an international mineral exploration geoscientist and consultant with over 30 years of industry experience in base and precious metals, manganese, uranium and diamond exploration. He is a member in good standing of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Ontario (APGO). His international experience has taken him to projects in Africa and Brazil where he managed comprehensive programs for Cancana’s manganese claims.
For more information, visit the company’s website at www.Maxtech-Ventures.com
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
