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Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRA: M1N) Moves Closer to Obtaining Trial Mining License, Commencing Operations at Brasnorte Project

  • Company receives final geological review of the Juina claims, a key element of the application process
  • Environmental control plan and associated fees submitted to the local authorities in view of obtaining a preliminary environmental license
  • Maxtech Ventures has four claims totaling 40,000 hectares in Mato Grosso, Brazil

Canadian-based Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (FRANKFURT: M1N), a diversified industries corporation with a focus on manganese mineral assets, has moved one step closer to commencing initial mining operations at its flagship properties in Juina, Mato Grosso, Brazil. The company recently announced that it has received a final geological review for its Brasnorte Project in Juina, a key element of the trial mining license application process, also known as the Guia process, of the Brazilian mining authority. The review, conducted by SGS Geosol Laboratorios LTDA., Belo Horizonte, Brazil, showed values of 51.4 percent to 55.9 percent manganese metal at these claims.

The Guia application has already been filed, and associated fees have been lodged with the country’s mining department, Departamento Nacional de Produção Mineral (DNPM), Maxtech Ventures announced in a company update (http://nnw.fm/1GnFv). Additionally, the company completed and submitted an environmental control plan (Plano de Controle Ambiental – PCA) in view of obtaining a preliminary environmental license for the four claims. The PCA has been submitted to the Mato Grosso State Environmental Agency (SEMA) for review. The company’s Brazil team has also filed an operations license in Cuiaba with the State Environmental Agency so as to speed up the Guia process. Once all of the documentation is reviewed, state authorities will notify Maxtech of government agent visits to vet the trial mining application for final approval.

“We are very close to obtaining final approval to commence initial mining operations in Mato Grosso, where we currently have four claims totaling 40,000 hectares,” Maxtech Ventures CEO Peter Wilson said in a news release. “These claims contain numerous manganese occurrences, discovered through reconnaissance prospecting, and we are progressing well within the timeframe we have set to ramp up a full mining plan.” In conjunction with its strategic partner in the area, Grupo Maringá – one of the largest manganese ferroalloy producers in South America, Maxtech has begun a due diligence phase at additional claims with high-grade potential.

To fast-track the application process for trial mining licenses at its Brasnorte Project claims, Maxtech is working together with the University of Brasilia and the Instituto de Geosciencias to use state-of-the-art technology for data acquisition, geological mapping and identification of field anomalies at the project. The collaboration allows for the creation of masters and doctorate jobs for students as part of Maxtech’s commitment to supporting the efforts of Brazilian universities, as well as geological institutes. The company plans to expand its Brazilian operations into other states, including Rondonia and Goias, and it has already signed a letter of interest with a Goias-based manganese mining operation.

Separate operations have been kicked off in Central Province, Zambia, where the company has engaged geological and exploration consultants GeoQuest to oversee ground operations. Via dedicated subsidiary Maxtech Mining Zambia Limited, the company has filed for two large scale exploration licenses for manganese in the African country. The division will mostly focus on the uses of manganese for the battery manufacturing industry, with plans to supply large markets such as India and China.

Maxtech is focused on three key markets with high demand for manganese: agriculture – where it is used in fertilizer for higher yields and greener crops; industrial – where it is a critical component in steel production; and technology – where high-grade manganese is a key element of rechargeable power cells and in the manufacturing of lithium manganese dioxide (LMD) batteries, which have a higher capacity, higher energy density and overall longer lifecycles. LMD batteries are already used to power several types of electric vehicles.

With the electric vehicle market expected to continue its rapid growth to reach more than 50 million EVs by 2021, and with China being the world’s largest consumer and manufacturer of electric vehicles, Maxtech Ventures will be uniquely positioned to become a leading provider of manganese and a driving force in the green energy revolution surrounding the growing use of rechargeable LMD batteries. The company’s long-term strategy is to grow into an international industrial minerals producer that will provide manganese in both ore and processed form to global markets in North America, Europe and Asia.

For more information, visit the company’s website at www.Maxtech-Ventures.com

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