Vancouver, British Columbia – December 14th 2017 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) is pleased to announce Maxtech has signed the membership agreement with the International Manganese Institute (IMnI) of Paris, France.
“The International Manganese Institute (IMnI) is a not-for-profit industry association that represents manganese ore and alloy producers, manufacturers of metallurgical products or chemical compounds, trading houses, industry service providers, companies involved in Mn business development, universities and research organizations around the world. Founded in 1975, with headquarters in Paris, France, IMnI’s mission is to provide vision and guidance to the Mn industry by promoting economic, social and environmental responsibility and sustainability to all stakeholders. IMnI produces monthly and annual market research reports, available to members (by annual subscription). Public research reports are also available free of charge. The reports offer the industry’s best detailed regional and country-level analysis of the manganese ore and alloy markets, and how they relate to the steel industry. In addition, the reports provide analysis of production, consumption, trade data, inventory changes, and unit consumption for both manganese ore and alloys.” (www.manganese.org)
Manganese (Mn) is an essential plant mineral used in fertilizers, with key functions in a number of photosynthetic processes. Manganese is a dominant component in steel production, and because of the industry’s steady growth, it ensures that manganese remains as one of the most widely used elements in the world. On the technology side, electric vehicles, off-the- grid power systems and other energy storage applications will require significant amounts of high-quality manganese. Battery demand for Manganese sulfate will increase from 9.7 kilotons in 2017 to 32 kilotons in 2020 to 106 kilotons in 2026.
(Cairn Energy Research Advisors)
“Joining the IMnI and aligning Maxtech with global leaders in discussions about the usages of manganese and its effects on the Green Revolution is integral to the company’s future successes. After our participation in the latest conference in Miami, we determined membership in the IMnI was necessary. As one of the few Canadian members, we look forward to contributing to the organization and supporting their manganese coalition and initiatives,” stated Peter Wilson, CEO, Maxtech Ventures Inc.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company’s web site at http://www.maxtech-ventures.com
Certain statements contained in this release may constitute “forward–looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.