- Europe, North America and Asia represent worldwide markets for manganese in batteries, agriculture and steel production
- MTEHF moving to build an international industrial minerals company to address those markets
Maxtech Ventures Inc. (OTC: MTEHF) (CSE: MVT) (FRANKFURT: M1N), through its Maxtech Mining Zambia Limited subsidiary (“MMZL”), is eyeing global markets following its filing for two large scale exploration licenses for manganese in Zambia (http://ibn.fm/JdFZ7).
MTEHF is viewing growing global markets for high grade manganese ore and processed manganese in Europe, North America and Asia. Manganese is a diverse mineral, in demand for use in rechargeable power storage such as batteries, and for fertilizer in worldwide agriculture markets, as well as being key to steel production and a factor in aluminum manufacturing. Long term, the company is planning to build an international industrial minerals enterprise to sell into those markets.
Final documentation is being prepared for the filing of licenses in the Central Province of Zambia, which indicates the potential for high-grade manganese mineralization. The company is teaming up with GeoQuest, geological and exploration consultants, which will manage all MMZL ground operations in Zambia.
The licenses cover cobalt, vanadium, nickel and copper mining rights in the areas. Initially, the company plans to focus on the search for commercially viable quantities and grades of manganese ore. If warranted, the firm can then apply for mining licenses.
Maxtech is a Canadian junior exploration company that assembles and acquires mineral assets worldwide. It is seeking to be a pure play, low cost supplier of manganese.
In a news release, Peter Wilson, CEO of Maxtech, commented, “Zambia is a world class mining jurisdiction. Applying for our first wholly owned license areas is in step with creating a larger manganese footprint utilizing our global strategic relationships and potential offtake partners in foreign markets.”
For more information, visit the company’s website at www.Maxtech-Ventures.com
