Euro Manganese Achieves Major Permitting Milestone, Further Advancing Chvaletice Project
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 ha raggiunto un'importante pietra miliare con la Determina del permesso di concessione mineraria per il suo progetto di Manganese a Chvaletice nella Repubblica Ceca. Il permesso, rilasciato dall'Autorità Mineraria Distrettuale per più regioni, concede diritti esclusivi e illimitati per l'estrazione mineraria senza data di scadenza.
Il permesso, in vigore dal 23 gennaio 2025, sostituisce tutte le autorizzazioni precedenti e fornisce una solida protezione legale dell'area del progetto, consentendo all'azienda di procedere con le fasi successive del progetto. Secondo l'Amministratore Delegato ad interim Martina Blahova, questo risultato dimostra una collaborazione di successo tra Euro Manganese, enti regolatori e comunità ospitanti, avvicinando l'azienda all'istituzione di un impianto di produzione di manganese di alta purezza su scala commerciale, essenziale per la transizione verso un'economia verde.
Euro Manganese ha alcanzado un hito significativo con la Determinación del permiso de concesión minera para su Proyecto de Manganeso en Chvaletice, República Checa. El permiso, emitido por la Autoridad Minera Distrital para múltiples regiones, otorga derechos exclusivos y sin restricciones para la extracción de minerales sin fecha de caducidad.
El permiso, que entrará en vigor el 23 de enero de 2025, reemplaza todas las autorizaciones anteriores y proporciona una sólida protección legal del área del proyecto, permitiendo a la empresa avanzar en las siguientes fases del proyecto. Según la CEO interina Martina Blahova, este logro demuestra una colaboración exitosa entre Euro Manganese, reguladores y comunidades anfitrionas, acercando a la empresa a establecer una instalación a escala comercial para la producción de manganeso de alta pureza, esencial para la transición hacia una economía verde.
유로 망간은 체코 공화국 찰레티체에서의 광업 허가증 결정으로 중요한 이정표를 세웠습니다. 지역 여러 곳의 광업 당국에서 발급한 이 허가증은 만료일 없이 광물 채굴에 대한 독점적이고 무제한적인 권리를 부여합니다.
이 허가증은 2025년 1월 23일부터 시행되며, 모든 이전 허가를 대체하고 프로젝트 지역에 대한 강력한 법적 보호를 제공합니다. 이는 회사가 다음 프로젝트 단계로 나아갈 수 있도록 합니다. 임시 CEO 마르티나 블라호바에 따르면, 이 성과는 유로 망간, 규제 기관 및 호스트 커뮤니티 간의 성공적인 협력을 보여주며, 회사가 고순도 망간 생산을 위한 상업적 규모 시설을 설립하는 데 한 걸음 더 다가가고 있습니다. 이는 녹색 경제로의 전환에 필수적입니다.
Euro Manganese a atteint une étape importante avec la Détermination du permis d'exploitation minière pour son projet de Manganèse à Chvaletice en République tchèque. Le permis, délivré par l'Autorité minière du district pour plusieurs régions, accorde des droits exclusifs et illimités pour l'extraction de minéraux sans date d'expiration.
Le permis, qui prendra effet le 23 janvier 2025, remplace toutes les autorisations précédentes et fournit une protection juridique solide de la zone du projet, permettant à l'entreprise de passer aux prochaines phases du projet. Selon la PDG par intérim Martina Blahova, cet accomplissement démontre une collaboration réussie entre Euro Manganese, les régulateurs et les communautés d'accueil, rapprochant l'entreprise de l'établissement d'une installation à grande échelle pour la production de manganèse haute pureté, essentielle pour la transition vers une économie verte.
Euro Manganese hat einen bedeutenden Meilenstein mit der Feststellung der Bergbaulizenz für sein Manganprojekt in Chvaletice, Tschechische Republik, erreicht. Die Lizenz, die von der Bezirksbergbaubehörde für mehrere Regionen ausgestellt wurde, gewährt exklusive und uneingeschränkte Rechte zur Mineralgewinnung ohne Ablaufdatum.
Die Lizenz, die am 23. Januar 2025 in Kraft tritt, ersetzt alle vorherigen Genehmigungen und bietet einen robusten rechtlichen Schutz des Projektgebiets, der es dem Unternehmen ermöglicht, mit den nächsten Projektphasen fortzufahren. Laut der Interim-CEO Martina Blahova zeigt dieser Erfolg eine erfolgreiche Zusammenarbeit zwischen Euro Manganese, den Regulierungsbehörden und den Gastgebergemeinschaften und bringt das Unternehmen näher an die Etablierung einer kommerziellen Anlage zur Produktion von hochreinem Mangan, das für den Übergang zur grünen Wirtschaft entscheidend ist.
- Secured permanent mining lease permit with no expiration date
- Obtained exclusive mineral extraction rights
- Cleared major regulatory hurdle for project development
- None.
VANCOUVER, British Columbia, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company") announced today that it’s wholly owned subsidiary, Mangan Chvaletice s.r.o. (“Mangan Chvaletice”), has secured the Determination of Mining Lease permit (the “Permit”), marking the next critical milestone towards the development of the Chvaletice Manganese Project (the "Project") in the Czech Republic.
The Permit, issued by the District Mining Authority for the regions of Hradec Králové, Pardubice, Liberec, and Vysočina, represents one of the most significant approvals in the Company’s journey towards full project permitting. Effective 23 January 2025, the Permit replaces all prior authorizations and has no expiration date. It provides Mangan Chvaletice with exclusive, unrestricted rights to mineral extraction within the designated area and ensures robust legal protection of the project area, enabling the Company to proceed with the Project’s next phases on an exclusive basis.
Martina Blahova, Interim CEO of Euro Manganese, commented:
"The granting of the Mining Lease for the Project marks another significant milestone for Euro Manganese. This achievement highlights a successful collaboration between Euro Manganese, federal and regional regulators and host communities, underscoring a shared commitment to the Project’s progress. A key asset for Company, the Permit grants exclusive, unrestricted legal rights to extract mineral resources with no expiration date. This brings Euro Manganese closer to establishing a commercial-scale facility for the production of high-purity manganese—an essential material for the transition to a greener economy and the global effort to decarbonize our planet.”
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual listed on the TSXV and the ASX and is also traded on the OTCQX.
Authorized for release by the Interim CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Enquiries
Martina Blahova
Interim Chief Executive Officer
+1 (604) 681-1010
martina@mn25.ca
LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
neil.weber@loderockadvisors.com
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Forward-Looking Statements
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Such forward-looking information or statements include, but are not limited to, statements regarding the Company’s intentions regarding the development and advancement of the Chvaletice Project , ability of the Company to proceed with the Project’s next phases, achieve full project permitting, and construct its facility for producing high-purity manganese, and the Company's ability to finance the development of the Project.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
All forward-looking statements are made based on the Company's current beliefs including various assumptions made by the Company and information currently available to the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain necessary licenses, or permits; risks related to acquisition of surface rights; risks related to granting security; securing sufficient offtake agreements; the availability of acceptable financing for developing and advancing the Chvaletice Project and for continued operations; the availability and reliability of equipment, facilities, and suppliers necessary to complete development; the ability to develop adequate processing capacity with expected production rates; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended September 30, 2024, available on the Company's SEDAR+ profile at www.sedarplus.ca.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
FAQ
What is the significance of Euro Manganese's (EUMNF) new mining lease permit in January 2025?
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What rights does the new mining permit grant to Euro Manganese (EUMNF)?
