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Maxtech Ventures Featured in Baystreet Article on Rising Manganese Demand
Jan. 29, 2018 10:03AM PST
Battery Metals
MaxTech Ventures (CNSX:MVT, FWB:M1N, OTC:MTHEF) was featured in a Baystreet article regarding Tesla adopting Manganese in New Lithium Batteries and why it’s driving the demand for Manganese. Tesla might be preparing to switch to nickel-manganese-cobalt (NMC) batteries in the near future. These batteries have a lower raw material cost, faster charging times and longer lifespans than NCA …
MaxTech Ventures (CNSX:MVT, FWB:M1N, OTC:MTHEF) was featured in a Baystreet article regarding Tesla adopting Manganese in New Lithium Batteries and why it’s driving the demand for Manganese.
Tesla might be preparing to switch to nickel-manganese-cobalt (NMC) batteries in the near future. These batteries have a lower raw material cost, faster charging times and longer lifespans than NCA variants. Manganese is much cheaper compared to cobalt; -$1 vs $12 per pound thus saving Tesla a lot of cost.
The article describes MaxTech Ventures as a Canadian based junior mining company with a pure play in the manganese market. The article further talks about its major project in Brazil which is expected to be one of the world’s highest-grade, lowest cost manganese operations.
The article positions MaxTech Ventures as an emerging player in the Manganese market.
Click here to read the the full article.
Click here to connect with MaxTech Ventures (CNSX:MVT, FWB:M1N, OTC:MTHEF) for an investor presentation
Source: www.baystreet.ca
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