Euro Manganese Reports Shipment of the Final Demonstration Plant Modules

Rhea-AI Summary

Euro Manganese Inc. announced the shipment of the final consignment of its demonstration plant modules from Shanghai to Hamburg, marking a key milestone for the Chvaletice Manganese Project. The first consignment was sent on April 30, with both expected to arrive in June and July. Assembly will begin upon arrival, aiming for commissioning in September and sample deliveries in Q4 2022. Positioned as a significant battery materials provider, the project leverages recycled tailings in the Czech Republic, supporting the European Union's EV supply chain.

Positive

• Completion of shipment for demonstration plant modules indicates progress towards project development.
• Strategic positioning as the sole sizable manganese resource in the European Union.
• Potential to provide critical materials for the electric vehicle industry, supporting a low-carbon economy.

Negative

• No production decision made yet; future operations contingent on feasibility study outcomes.
• Potential delays in project timelines due to regulatory or operational challenges.

VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce that the second and final consignment of the Company’s demonstration plant modules was shipped today by ocean freight from Shanghai, China to Hamburg, Germany. The first consignment was shipped on April 30.

Upon arrival in Hamburg, each consignment will be delivered to the Chvaletice Manganese Project site by rail. Delivery is expected in June and July respectively, with assembly commencing on arrival of each consignment. Commissioning is targeted for September and first delivery of samples to customers expected in Q4 2022.

About Euro Manganese Inc.

Euro Manganese Inc. is a battery materials company focused on becoming a leading, competitive, and environmentally superior producer of high-purity manganese for the electric vehicle (EV) industry and other high-technology applications. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic, which is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. The Chvaletice Project is 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.

Authorized for release by the 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.

Inquiries

Dr. Matthew James
President & CEO
+44 (0)747 229 6688

Louise Burgess
Senior Director Investor Relations & Communications
+1 (604) 312-7546
lburgess@mn25.ca

Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: www.mn25.ca

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 projects, 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 relate to future events or future performance about the Company and its business and operations, which includes, without limitation, the timing, installation of the delivery and operation of the demonstration plant. Further, it should be noted that no production decision has been made with respect to the Project and that such a decision will only be made based on completion of a positive feasibility study, permitting and financing having been secured.

Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A, as well as the inability to obtain regulatory approvals in a timely manner; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the Company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

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. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth in the “Risks Notice” section and elsewhere in the Company’s MD&A for the year ended September 30, 2021 and its Annual Information Form.

FAQ

What is Euro Manganese Inc.'s recent shipment update?

Euro Manganese Inc. shipped the second and final consignment of its demonstration plant modules from Shanghai to Hamburg, expected to arrive in June and July 2022.

When will the Chvaletice Manganese Project begin operations?

Commissioning of the demonstration plant is targeted for September 2022, with sample deliveries anticipated in Q4 2022.

What is the significance of the Chvaletice Manganese Project?

It is the only sizable resource of manganese in the European Union, aimed at supporting the electric vehicle industry's supply chain.

What challenges could affect Euro Manganese Inc.'s project timelines?

Project timelines may face delays due to regulatory approvals or operational challenges, as no production decision has been finalized.