PFE now drilling for manganese - with a tiny enterprise value
Next Investors Nov 04, 2022
Today PFE confirmed that it has started a new exploration drilling campaign, this time for manganese - a crucial battery metal. PFE has already found a number of high grade rock chips (up to 44% Mn), and is now drill testing an 800m long, 5m thick outcropping of high grade manganese. PFE is currently capped at $7.4M — a fraction of its regional manganese peer Element 25, a company actually producing manganese in the area, which is capped at $162M.