Euro Manganese's Chvaletice Project Designated a Strategic Project under the EU's Critical Raw Materials Act
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.
Il Progetto Chvaletice di Euro Manganese è stato designato come Progetto Strategico ai sensi della Legge dell'UE sulle Materie Prime Critiche (CRMA). Questa designazione offre potenziale accesso a finanziamenti da varie fonti, tra cui la Banca Europea per gli Investimenti e la Banca Europea per la Ricostruzione e lo Sviluppo.
Il progetto beneficia di processi di autorizzazione semplificati in conformità con le scadenze della CRMA, riducendo i rischi di programmazione. I principali risultati recenti includono:
- Approvazione della Valutazione di Impatto Ambientale e Sociale (marzo 2024)
- Determinazione del permesso di concessione mineraria ottenuto (gennaio 2025)
- Dichiarazione del governo ceco del giacimento di manganese di Chvaletice come strategico (marzo 2025)
La CRMA, in vigore da maggio 2024, classifica il manganese ad alta purezza come materia prima strategica. Il progetto mira a stabilire Euro Manganese come l'unico produttore integrato di manganese ad alta purezza in Europa per la catena del valore delle batterie.
El Proyecto Chvaletice de Euro Manganese ha sido designado como un Proyecto Estratégico bajo la Ley de Materias Primas Críticas (CRMA) de la UE. Esta designación proporciona acceso potencial a financiamiento de diversas fuentes, incluyendo el Banco Europeo de Inversiones y el Banco Europeo para la Reconstrucción y el Desarrollo.
El proyecto se beneficia de procesos de autorización simplificados de acuerdo con los plazos de la CRMA, reduciendo los riesgos de programación. Los logros recientes clave incluyen:
- aprobación de la Evaluación de Impacto Ambiental y Social (marzo de 2024)
- obtención del permiso de concesión minera (enero de 2025)
- declaración del gobierno checo del yacimiento de manganeso de Chvaletice como estratégico (marzo de 2025)
La CRMA, que entrará en vigor en mayo de 2024, clasifica el manganeso de alta pureza como una materia prima estratégica. El proyecto tiene como objetivo establecer a Euro Manganese como el único productor integrado de manganeso de alta pureza en Europa para la cadena de valor de las baterías.
유로 망간의 차발레티체 프로젝트는 EU의 중요 원자재법(CRMA) 하에 전략적 프로젝트로 지정되었습니다. 이 지정은 유럽 투자은행 및 유럽 부흥 개발은행을 포함한 다양한 출처의 자금 접근 가능성을 제공합니다.
이 프로젝트는 CRMA 기한에 따라 간소화된 허가 프로세스의 혜택을 받아 일정 위험을 줄입니다. 최근 주요 성과로는:
- 환경 및 사회적 영향 평가 승인 (2024년 3월)
- 광업 임대 허가 확보 (2025년 1월)
- 체코 정부의 차발레티체 망간 매장지 전략적 선언 (2025년 3월)
2024년 5월 발효되는 CRMA는 고순도 망간을 전략적 원자재로 분류합니다. 이 프로젝트는 유럽의 배터리 가치 사슬을 위한 고순도 망간의 유일한 통합 생산자로 유로 망간을 설정하는 것을 목표로 합니다.
Le Projet Chvaletice d'Euro Manganese a été désigné comme un Projet Stratégique en vertu de la loi de l'UE sur les matières premières critiques (CRMA). Cette désignation offre un accès potentiel à des financements provenant de diverses sources, y compris la Banque européenne d'investissement et la Banque européenne pour la reconstruction et le développement.
Le projet bénéficie de processus d'autorisation simplifiés conformément aux délais de la CRMA, réduisant ainsi les risques de planification. Les principales réalisations récentes incluent :
- Approbation de l'évaluation d'impact environnemental et social (mars 2024)
- Obtention du permis de concession minière (janvier 2025)
- Déclaration du gouvernement tchèque du gisement de manganèse de Chvaletice comme stratégique (mars 2025)
La CRMA, qui entrera en vigueur en mai 2024, classe le manganèse de haute pureté comme matière première stratégique. Le projet vise à établir Euro Manganese comme le seul producteur intégré de manganèse de haute pureté en Europe pour la chaîne de valeur des batteries.
Das Chvaletice-Projekt von Euro Manganese wurde als Strategisches Projekt gemäß dem EU-Gesetz über Kritische Rohstoffe (CRMA) ausgewiesen. Diese Auszeichnung ermöglicht potenziellen Zugang zu Finanzierungen aus verschiedenen Quellen, einschließlich der Europäischen Investitionsbank und der Europäischen Bank für Wiederaufbau und Entwicklung.
Das Projekt profitiert von vereinfachten Genehmigungsverfahren gemäß den CRMA-Fristen, was die Terminrisiken verringert. Zu den wichtigsten jüngsten Erfolgen gehören:
- Genehmigung der Umwelt- und Sozialverträglichkeitsprüfung (März 2024)
- Erhalt der Bergbaulizenz (Januar 2025)
- Erklärung der tschechischen Regierung, dass das Chvaletice-Manganlager strategisch ist (März 2025)
Die CRMA, die im Mai 2024 in Kraft tritt, klassifiziert hochreines Mangan als strategisches Rohmaterial. Das Projekt zielt darauf ab, Euro Manganese als den einzigen integrierten Produzenten von hochreinem Mangan in Europa für die Batteriewertschöpfungskette zu etablieren.
- Strategic Project designation provides access to significant EU funding sources
- Streamlined permitting process reduces project timeline risks
- Secured key permits: ESIA approval and Mining Lease determination
- Strategic status enhances project credibility for potential investors
- Positioned as Europe's only integrated high-purity manganese producer
- Project still requires additional permits to achieve full permitting status
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (OTCQB: EUMNF) (FSE: E06) (the "Company") today announced that the Chvaletice Manganese Project (the "Chvaletice Project" or the "Project") has been designated a Strategic Project under the European Union's Critical Raw Materials Act ("CRMA").
Highlights
- Chvaletice Manganese Project designated a Strategic Project under the EU Critical Raw Materials Act
- Strategic Projects benefit from potential access to numerous private and public sources of funding, including the European Investment Bank, the European Bank for Reconstruction and Development and private financial institutions
- Permitting processes proceed according to deadlines set in the CRMA, decreasing scheduling risk related to permitting
- Milestone achievement represents significant endorsement of the importance of the Chvaletice Manganese Project to EU strategic and critical raw material supply independence
Strategic Project Designation
Strategic Projects under the EU CRMA gain access to guidance and potential funding from numerous private and public sources including the European Investment Bank ("EIB"), the European Bank for Reconstruction and Development ("EBRD") and private financial institutions and enables regional and national authorities to make use of funding from the European Development Fund and Cohesion Fund. Additionally, Strategic Project status ensures that permitting processes proceed according to the deadlines set in the CRMA, decreasing the scheduling risk related to permitting.
The CRMA, which took effect in May 2024, lists more than 30 raw materials and defines high-purity manganese (battery grade) as a strategic raw material, and manganese as a critical raw material. Strategic Projects are designated to make a meaningful contribution to the security of the EU's supply of strategic raw materials, to safeguard the functioning of the internal market and to diversify Europe's supplies from third countries.
In March 2024, Euro Manganese received approval of the Environmental and Social Impact Assessment ("ESIA") for the Chvaletice Project from the Czech Ministry of Environment, and in January 2025, the Company secured the Determination of Mining Lease permit, which represents one of the most significant approvals in the process towards full permitting. Additionally, in March 2025, the Czech government declared the Chvaletice Manganese Deposit as strategic.
Martina Blahova, Interim CEO of Euro Manganese, commented:
"Achieving Strategic Project status with the EU's CRMA enhances Euro Manganese's role in Europe's raw materials value chain, facilitating access to government-backed funding, collaboration with EU institutions, and expediting permitting. Euro Manganese aims to play a crucial role in establishing a sustainable and climate-friendly battery value chain in Europe. Today's announcement reaffirms our commitment to becoming the sole integrated European producer of high-purity manganese, an essential component in the transition to a greener economy."
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 OTCQB.
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
Jane Morgan Management
Jane Morgan
Investor and Media Relations - Australia
+61 (0) 405 555 618
jm@janemorganmanagement.com.au
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 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 Project , ability of the Company to proceed with the Project's next phases, achieve full Project permitting, receive any benefits related to the Project being designated a Strategic Project, including ability to access private and public sources of funding, decrease in scheduling risk related to permitting, and other benefits due to Strategic Project status. Forward looking statements also include the ability of the Company to construct its facility for producing high-purity manganese and 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246915
FAQ
What benefits does the Strategic Project status under CRMA provide to Euro Manganese (EUMNF)?
What key permits has the Chvaletice Project secured as of April 2025?
When did the EU Critical Raw Materials Act classify manganese as strategic?
What is Euro Manganese's (EUMNF) position in the European manganese market?
