Welcome to our dedicated page for Euro Managanese news (Ticker: EUMNF), a resource for investors and traders seeking the latest updates and insights on Euro Managanese stock.
Euro Manganese Inc. (EUMNF) specializes in sustainable production of high-purity manganese for electric vehicle supply chains through its innovative Chvaletice tailings reprocessing project. This page provides authorized updates on operational milestones, financial disclosures, and strategic developments critical to stakeholders in the battery materials sector.
Access official press releases covering production targets, environmental remediation progress, and partnership announcements with automotive manufacturers. Investors will find quarterly financial results, offtake agreement details, and market expansion updates. All content undergoes strict verification to ensure accuracy and compliance with financial disclosure standards.
Key updates include insights into Europe's only major manganese resource development, technology advancements in metal recycling, and regulatory compliance achievements. The curated news feed serves as a decision-making tool for tracking this critical supplier to the green energy transition.
Bookmark this page for direct access to Euro Manganese's evolving role in sustainable battery material supply chains. Check regularly for verified updates on production timelines and corporate announcements affecting the high-purity manganese market.
Euro Manganese (TSXV: EMN) has upsized its previously announced financing from C$5.9m to C$9.8m (A$10.8m) due to strong investor demand. Notable participants include Eric Sprott, investing C$3.0m through 2176423 Ontario , and the European Bank for Reconstruction and Development (EBRD) increasing its investment to C$3.9m.
The financing includes a Placement of 54,578,350 New Securities and Warrants, with an exercise price of C$0.225 per New Security. The Share Purchase Plan (SPP) for eligible ASX shareholders has been revised to A$1.5m, with Orion Resource Partners committing to fund any shortfall.
Proceeds will support the development of the Chvaletice Manganese Project, recently designated as a Strategic Deposit by the Czech Republic government and recognized under the EU's Critical Raw Materials Act. The company has rescheduled its Annual and Special General Meeting to May 15, 2025, where shareholders will vote on the issuance of New Securities and Warrants.
Euro Manganese's Chvaletice Project has been designated as a Strategic Project under the EU's Critical Raw Materials Act (CRMA). This designation provides potential access to funding from various sources including the European Investment Bank and European Bank for Reconstruction and Development.
The project benefits from streamlined permitting processes according to CRMA deadlines, reducing scheduling risks. Key recent achievements include:
- Environmental and Social Impact Assessment approval (March 2024)
- Determination of Mining Lease permit secured (January 2025)
- Czech government's declaration of Chvaletice Manganese Deposit as strategic (March 2025)
The CRMA, effective May 2024, classifies high-purity manganese as a strategic raw material. The project aims to establish Euro Manganese as Europe's sole integrated producer of high-purity manganese for the battery value chain.
Euro Manganese (EUMNF) has announced a 5:1 share consolidation effective March 31, 2025. The consolidation will reduce the company's outstanding shares from 402,669,227 to 80,533,845, including CDIs listed on ASX decreasing from 206,135,115 to 41,227,023.
Trading on post-consolidation basis will commence on April 2, 2025 on TSXV and April 3, 2025 on ASX, subject to exchange approvals. Fractional shares will be rounded up if 0.5 or greater, and down if less than 0.5. The company's outstanding options will be adjusted proportionally, with exercise prices adjusted inversely to the consolidation ratio.
The consolidation applies equally to all shareholders and will not affect individual percentage holdings or substantive rights. The company's new CUSIP is 29872T209 and ISIN is CA29872T2092.
Euro Manganese's Chvaletice Project has been designated as a Strategic Project under the EU's Critical Raw Materials Act (CRMA). This significant milestone grants the project access to various funding sources, including the European Investment Bank and European Bank for Reconstruction and Development.
The designation ensures streamlined permitting processes according to CRMA deadlines, reducing scheduling risks. The project has already secured key approvals, including the Environmental and Social Impact Assessment in March 2024 and the Determination of Mining Lease permit in January 2025. Additionally, the Czech government declared the Chvaletice Manganese Deposit as strategic in March 2025.
The CRMA, effective since May 2024, classifies high-purity manganese as a strategic raw material. The Chvaletice Project aims to become Europe's sole integrated producer of high-purity manganese, contributing to the EU's strategic raw materials supply independence and sustainable battery value chain.
Euro Manganese announced that its Chvaletice Manganese Project in the Czech Republic has been designated as a Strategic Deposit by the Czech government. This significant milestone brings several advantages including expedited approval processes, reduced administrative burden, and access to special procedures similar to key infrastructure projects.
The Strategic Deposit status will help accelerate permitting by prioritizing official approvals, streamlining coordination between authorities, and potentially reducing obstacles from certain institutions. This designation is also a important prerequisite for receiving state investment incentives in the form of grants.
The announcement follows two major recent achievements: the Environmental and Social Impact Assessment (ESIA) approval in March 2024 and securing the Determination of Mining Lease permit in January 2025. These represent significant steps toward full project permitting.
Euro Manganese (EUMNF) has secured firm commitments for a C$5.9 million placement, with the European Bank for Reconstruction and Development (EBRD) increasing its ownership to 19.99%. The company is also offering an additional Share Purchase Plan (SPP) to raise up to C$3.6 million.
The financing, priced at C$0.036 per share (pre-consolidation), includes warrants with an exercise price of C$0.045 and 18-month expiry. The deal is conditional on raising minimum C$8.0 million aggregate and shareholder approval. Proceeds will support the Chvaletice Manganese Project development and customer engagements for offtake agreements.
The company announced veteran battery metals executive Rick Anthon will join as Chairman upon completion. A 5:1 share consolidation is planned before closing.
Euro Manganese has secured a significant milestone with the Determination of Mining Lease permit for its Chvaletice Manganese Project in the Czech Republic. The permit, issued by the District Mining Authority for multiple regions, grants exclusive and unrestricted rights for mineral extraction with no expiration date.
The permit, effective January 23, 2025, replaces all prior authorizations and provides robust legal protection of the project area, enabling the company to proceed with next project phases. According to Interim CEO Martina Blahova, this achievement demonstrates successful collaboration between Euro Manganese, regulators, and host communities, bringing the company closer to establishing a commercial-scale facility for high-purity manganese production, essential for green economy transition.
Euro Manganese has amended its US$100 million funding package with Orion Resource Partners for the Chvaletice Manganese Project in the Czech Republic. Key changes include:
- Interest accruing from January 1, 2025, will be deferred and added to principal balance at 14.00%, saving US$2.8 million annually in cash
- Extension of milestone obligation dates
- Right to repay convertible loan at par before conversion
- Option to terminate US$50 million Royalty Financing for US$1 million fee
- Potential issuance of warrants to Orion, subject to TSX Venture Exchange approval
The package consists of a US$50 million Convertible Loan Royalty Agreement (US$20 million already advanced) and a US$50 million royalty on Project revenues.
Euro Manganese announces leadership changes effective November 12, 2024. Martina Blahova, the current CFO, has been appointed as Interim CEO, replacing Dr. Matthew James who resigned as CEO and director. Dean Larocque joins as the new CFO. Blahova, who joined the company in 2018, brings extensive financial experience from roles at SSR Mining, Rheinmetall Group, and PricewaterhouseCoopers. Larocque, a seasoned finance professional with over 30 years of experience, including 18 years as Senior Assurance Partner at PwC, brings expertise in IPOs, M&As, and mining-specific accounting.
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF) has successfully completed a 5-day continuous operation program at its Chvaletice Manganese Project's Demonstration Plant in the Czech Republic. The plant, which includes six main process stages, achieved key technical targets for producing high-purity electrolytic manganese metal (HPEMM).
The continuous operation ran from October 7 to October 12, 2024, with a target of producing at least 132 kg of HPEMM. The plant exceeded expectations, producing 172 kg of HPEMM with 100% reliability and no stoppage time. This achievement is important for accessing the next draw-down from the Orion financing package announced in November 2023.
The Demonstration Plant's success positions Euro Manganese as the only new high-purity manganese project outside China with a fully operational facility, potentially benefiting from the growing demand for high-purity manganese in battery production.
