Euro Manganese Submits Application for Strategic Project Status under EU’s Critical Raw Materials Act
Euro Manganese has submitted an application to designate its Chvaletice Manganese Project as a Strategic Project under the EU's Critical Raw Materials Act (CRMA). The CRMA, effective since May 2024, aims to ensure the availability of essential raw materials for Europe's economy and green transition. High-purity manganese is listed as a strategic raw material under the CRMA.
Benefits of gaining Strategic Project status include potential access to financing from various private and public sources and streamlined permitting processes. The European Commission is expected to announce the first list of Strategic Projects in December 2024. This application marks a significant milestone for Euro Manganese, potentially strengthening its role in the EU's raw materials value chain and accelerating its path to becoming the only integrated European producer of high-purity manganese for the battery supply chain.
Euro Manganese ha presentato una domanda per designare il suo Progetto Manganese di Chvaletice come Progetto Strategico ai sensi della Legge dell'UE sulle Materie Prime Critiche (CRMA). La CRMA, in vigore da maggio 2024, ha l'obiettivo di garantire la disponibilità di materie prime essenziali per l'economia europea e la transizione ecologica. Il manganese ad alta purezza è elencato come materia prima strategica secondo la CRMA.
I vantaggi nell'ottenere lo status di Progetto Strategico includono potenziale accesso a finanziamenti provenienti da varie fonti private e pubbliche e procedure di autorizzazione semplificate. La Commissione Europea è prevista annunciando la prima lista dei Progetti Strategici a dicembre 2024. Questa domanda segna un traguardo significativo per Euro Manganese, rafforzando potenzialmente il suo ruolo nella catena del valore delle materie prime dell'UE e accelerando il suo percorso per diventare l'unico produttore europeo integrato di manganese ad alta purezza per la catena di approvvigionamento delle batterie.
Euro Manganese ha presentado una solicitud para designar su Proyecto de Manganeso de Chvaletice como Proyecto Estratégico bajo la Ley de Materias Primas Críticas (CRMA) de la UE. La CRMA, que entrará en vigor en mayo de 2024, tiene como objetivo asegurar la disponibilidad de materias primas esenciales para la economía de Europa y su transición ecológica. El manganeso de alta pureza está listado como una materia prima estratégica según la CRMA.
Los beneficios de obtener el estatus de Proyecto Estratégico incluyen acceso potencial a financiamiento de diversas fuentes privadas y públicas y procesos de autorización simplificados. Se espera que la Comisión Europea anuncie la primera lista de Proyectos Estratégicos en diciembre de 2024. Esta solicitud marca un hito significativo para Euro Manganese, que podría fortalecer su papel en la cadena de valor de materias primas de la UE y acelerar su camino para convertirse en el único productor europeo integrado de manganeso de alta pureza para la cadena de suministro de baterías.
유로 망간은 차발레티체 망간 프로젝트를 EU의 중요 원자재 법(CRMA) 하의 전략적 프로젝트로 지정하기 위한 신청서를 제출했습니다. 2024년 5월부터 발효되는 이 법은 유럽 경제와 친환경 전환을 위한 필수 원자재의 가용성을 보장하는 것을 목표로 하고 있습니다. 고순도 망간은 CRMA에 따라 전략적 원자재로 목록에 올라 있습니다.
전략적 프로젝트 지위를 취득하게 되면 다양한 민간 및 공공 자원으로부터의 재정 지원 가능성과 허가 절차 간소화와 같은 이점이 있습니다. 유럽연합 집행위원회는 2024년 12월에 첫 번째 전략적 프로젝트 목록을 발표할 것으로 예상됩니다. 이 신청은 유로 망간에게 중요한 이정표가 되며, 원자재 가치 사슬에서의 역할을 강화하고 배터리 공급망을 위한 고순도 망간의 유일한 통합 유럽 생산자가 되는 길을 가속화할 수 있습니다.
Euro Manganese a soumis une demande pour désigner son Projet de Manganèse de Chvaletice comme un Projet Stratégique conformément à la Loi de l'UE sur les Matériaux Premiers Critiques (CRMA). La CRMA, entrée en vigueur en mai 2024, vise à garantir la disponibilité des matières premières essentielles pour l'économie européenne et sa transition écologique. Le manganèse de haute pureté est classé comme matière première stratégique selon la CRMA.
Les avantages d'obtenir le statut de Projet Stratégique comprennent un accès potentiel au financement provenant de diverses sources privées et publiques ainsi que des procédures d'autorisation simplifiées. La Commission Européenne devrait annoncer la première liste des Projets Stratégiques en décembre 2024. Cette demande représente une étape significative pour Euro Manganese, renforçant potentiellement son rôle dans la chaîne de valeur des matières premières de l'UE et accélérant son chemin pour devenir le seul producteur européen intégré de manganèse de haute pureté pour la chaîne d'approvisionnement des batteries.
Euro Manganese hat einen Antrag gestellt, um sein Chvaletice-Mangan-Projekt als Strategisches Projekt gemäß dem EU-Gesetz über Kritische Rohstoffe (CRMA) zu kennzeichnen. Die CRMA, die seit Mai 2024 in Kraft ist, zielt darauf ab, die Verfügbarkeit von wesentlichen Rohstoffen für die europäische Wirtschaft und den ökologischen Wandel sicherzustellen. Hochrein-Mangan wird unter der CRMA als strategisches Rohmaterial eingestuft.
Die Vorteile des Erhalts des Status als Strategisches Projekt umfassen möglichen Zugang zu Finanzierungen aus verschiedenen privaten und öffentlichen Quellen sowie vereinfachte Genehmigungsprozesse. Die Europäische Kommission wird voraussichtlich im Dezember 2024 die erste Liste der Strategischen Projekte bekannt geben. Dieser Antrag stellt einen wichtigen Meilenstein für Euro Manganese dar, da er potenziell die Rolle des Unternehmens in der Rohstoff-Wertschöpfungskette der EU stärkt und den Weg beschleunigt, um der einzige integrierte europäische Produzent von hochreinem Mangan für die Batterielieferkette zu werden.
- Application submitted for Strategic Project status under EU's Critical Raw Materials Act
- Potential access to financing from various private and public sources if status is granted
- Streamlined permitting processes with set deadlines if Strategic Project status is achieved
- High-purity manganese (battery grade) defined as a strategic raw material in the CRMA
- Strategic Project status not yet granted, pending European Commission decision in December 2024
HIGHLIGHTS
- Submitted application to designate Chvaletice Manganese Project as a Strategic Project under the EU’s Critical Raw Materials Act (CRMA)
- CRMA is designed to sustainably ensure availability of essential raw materials for Europe’s economy and green transition
- Benefits of gaining Strategic Project status include potential access to financing from numerous private and public sources as well as ensuring permitting processes proceed
- European Commission is expected to announce first list of Strategic Projects in December 2024
VANCOUVER, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) (the "Company" or "EMN") today announced that the Company has submitted an application to designate the Chvaletice Manganese Project (the "Chvaletice Project" or the "Project") as a Strategic Project under the European Union’s Critical Raw Materials Act (“CRMA”).
The CRMA, which took effect in May 2024, is designed to sustainably ensure the availability of raw materials that are essential and strategic for Europe's economy and green transition. The CRMA 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. The European Commission is expected to announce the first list of Strategic Projects in December 2024.
The benefits of gaining Strategic Project status include potential access to financing from numerous private and public sources such as national banks, EU institutions, regional and national funding authorities, and private financial institutions. Additionally, Strategic Project status ensures that permitting processes proceed according to the deadlines set in the CRMA, decreasing the scheduling risk related to permitting.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“Submitting our application for Strategic Project status under the CRMA for the Chvaletice Project is a significant milestone for Euro Manganese. Achieving Strategic Project designation would strengthen our role in the EU’s raw materials value chain, enable access to government-backed funding, facilitate collaboration with EU institutions, and accelerate permitting. Today’s announcement underscores our commitment to becoming the only integrated European producer of high-purity manganese for the battery supply chain.”
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.
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.
Enquiries
| Dr. Matthew James President & CEO mjames@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 | |
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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 Manganese Project, its other growth strategies, 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 of the Chvaletice Project in the Czech Republic, the ability and timing to obtain strategic project status under the CRMA and any associated benefits including to strengthen the Company’s role in the EU’s raw materials value chain, enable access to government-backed funding, facilitate collaboration with EU institutions, and accelerate permitting.
These forward-looking statements are based on management’s current expectations and beliefs, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Factors that could cause actual results or events to differ materially from current expectations include, among other things: insufficient working capital; the inability to raise additional capital; inability to obtain grants, subsidies, or funding from government or other programs; developments in the EV markets and chemistries; and changes in laws or regulations 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 period ended September 30, 2023, available on the Company's SEDAR+ profile at www.sedarplus.ca. 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 application for Strategic Project status under the CRMA?
When is the European Commission expected to announce the first list of Strategic Projects under the CRMA?
What are the potential benefits for Euro Manganese (EUMNF) if it achieves Strategic Project status?
How is high-purity manganese classified under the EU's Critical Raw Materials Act?
