Manganese X Energy Corp. (TSX-V: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) is pleased to announce that it has received $1,714,285.68 from the recent warrant exercise by 2176423 Ontario Ltd., a corporation that is beneficially owned by strategic investor Eric Sprott.

Eric Sprott exercised 28,571,428 warrants issued pursuant to the Company’s $2,100,000 non-brokered private placement that closed in January 2025. Prior to the exercise, Mr. Sprott beneficially owned, directly or indirectly, an aggregate of 57,142,857 shares of the Company, representing approximately 26% of the Company’s 215,222,436 issued and outstanding common shares.

Following the recent exercise, Mr. Sprott beneficially owns, directly or indirectly, 85,714,285 shares, representing approximately 35% of the Company’s 243,793,864 issued and outstanding common shares.

“On behalf of the Board, I sincerely thank Eric Sprott for his substantial early warrant exercise and continued strong vote of confidence in Manganese X. The early warrant exercise provides significant capital for our Battery Hill High-Purity Manganese Project in New Brunswick, Canada as we enter the final stretches of our Pre-Feasibility Study,” said Manganese X CEO Martin Kepman.

This early exercise strengthens Manganese X’s working capital position, advancing Battery Hill’s engineering and development activities, potentially positioning Manganese X closer to being a significant North America supplier of high-purity manganese products for the rapidly growing battery and energy storage sectors.

About Manganese X Energy Corp.

Manganese X’s mission is to advance its Battery Hill project toward production and become the first publicly traded manganese mining company in Canada and the United States to commercialize EV-compliant high-purity manganese for the North American battery supply chain. The Company aims to supply value-added materials to the lithium-ion battery and alternative energy sectors while pursuing more efficient, environmentally-conscious processing methodologies designed to lower overall production costs.

For more information, visit the Company’s website at www.manganesexenergycorp.com.