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 has appointed Ms. Ludivine Wouters as a non-executive Director to its Board of Directors, effective October 2, 2024. This appointment follows Ms. Wouters' successful acquisition of a Director Identification Number (DIN) from the Australian Business Registry Services. John Webster, Chair of the Board, expressed enthusiasm about the appointment, highlighting Ms. Wouters' extensive experience in European policy on mining and minerals, particularly in critical raw materials.
The company believes her expertise will be instrumental as Euro Manganese strengthens its position in supporting the supply of critical materials essential for energy transition and focuses on delivering sustainable growth for shareholders.
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF) announces the appointment of Ms. Ludivine Wouters as a non-executive Director to its Board. Wouters, based in France, brings expertise in European mining and minerals policy, critical raw materials, and responsible sourcing. She is the managing partner of Latitude Five's Mining and Minerals practice and a Visiting Fellow with the European Council on Foreign Relations.
Simultaneously, Gregory Martyr steps down from the Board due to personal commitments. The company expresses gratitude for his valuable contributions since 2018. Wouters' appointment is pending her obtaining a director identification number from the Australian Business Registry Services, expected within 30 days.
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF) has signed an offtake term sheet with FeMoCat for the sale of high-purity manganese sulphate and magnesium carbonate from its Chvaletice Manganese Project in the Czech Republic. Key points:
1. FeMoCat will use these products for catalyst and Synthetic Hydrotalcites production at its Pardubice plant, less than 1 hour from Chvaletice.
2. The offtake represents a portion of planned HPMSM production and significant magnesium carbonate by-product.
3. Pricing is designed to meet debt finance banking covenants.
4. Deliveries will start from first production for an initial seven-year term.
5. HPMSM pricing will be on a take-or-pay basis, indexed to a western benchmark price.
6. The agreement highlights the value of producing high-purity manganese with leading ESG credentials in Europe.
Euro Manganese Inc. (EMN) has announced a change in its corporate leadership. Laurel Petryk will assume the role of Vice President Legal & Corporate Secretary effective September 1, 2024, replacing the retiring Fausto Taddei. Ms. Petryk, who joined EMN as General Counsel in 2021, brings over 24 years of legal experience in corporate, securities, governance, and mining sectors. She will be responsible for communications between EMN and the ASX.
The transition is part of EMN's long-standing succession plan, with Mr. Taddei supporting a seamless change and remaining available for guidance during the transition phase. Dr. Matthew James, President and CEO, expressed gratitude for Mr. Taddei's six-year contribution and welcomed Ms. Petryk's promotion, highlighting her exceptional skills in legal, regulatory compliance, and governance.
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 has entered into an offtake term sheet with Blue Grass Chemical Specialties for the sale of high-purity manganese metal from its Chvaletice Manganese Project in the Czech Republic. The agreement includes:
- A portion of the project's planned HPEMM production
- Pricing designed to meet debt finance banking covenants
- Initial term of seven years with potential renewals
- Deliveries commencing from first production
- Take or pay pricing based on an index-adjusted western benchmark price
This deal demonstrates the value of producing both high-purity manganese metal and sulphate at Chvaletice, meeting the needs of a diverse customer base. The project's HPEMM specifications meet Blue Grass Chemical's requirements, offering a traceable, responsibly produced, and IRA-compliant source of high-purity manganese.
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) has engaged ICP Securities Inc. to provide automated market making services for its stock. The agreement, starting August 26, 2024, includes the use of ICP's proprietary algorithm, ICP Premium™. Key points:
- Monthly fee: CAD$7,500
- Initial term: 3 months, automatically renewable for 1-month terms
- No performance factors or equity-based compensation
- Subject to TSXV approval
ICP's role will be to correct temporary supply and demand imbalances in EMN's shares, with ICP responsible for associated costs. The agreement aims to enhance liquidity and trading efficiency for Euro Manganese's stock.
Wildcat Discovery Technologies has entered a non-binding offtake term sheet with Euro Manganese Inc. (EUMNF) for high-purity manganese from the Chvaletice Manganese Project in the Czech Republic. The agreement spans seven years, starting from first production, with potential for renewal. Wildcat, focusing on nickel and cobalt-free cathode production, plans to build a U.S.-based plant by 2026-2027. The offtake represents a significant percentage of Euro Manganese's annual production, with pricing tied to market indicators. The deal is contingent on Wildcat's plant construction and product qualification. This partnership aligns with Wildcat's strategy for IRA-compliant cathode materials and Euro Manganese's goal to supply the Western battery value chain.
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF) has entered an offtake term sheet with Wildcat Discovery Technologies for the sale of high-purity manganese from its Chvaletice Manganese Project in the Czech Republic. Key points include:
1. Deliveries to commence from first production for an initial seven-year term, with potential for renewal.
2. Offtake tonnages increase over the term, representing a significant percentage of annual production.
3. Pricing subject to market indicators with mechanisms tied to benchmarks.
4. Term sheet is non-binding and contingent on Wildcat building its U.S. plant.
5. Parties intend to enter a binding offtake agreement, finalizing pricing and tonnages.
This agreement marks a major milestone for Euro Manganese and the western market battery value chain, providing a significant long-term customer for the Chvaletice project.
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF) reported its Q3 2024 financial results and key developments. Highlights include:
1. Successful commissioning of the high-purity manganese Demonstration Plant at the Chvaletice Project, enabling production of bulk samples for customer qualification.
2. Completion of an application for Strategic Project status under the EU Critical Raw Materials Act, potentially accessing various funding sources.
3. Engagement with CzechInvest for Czech government investment incentives.
4. Exploration of an application to the EU Innovation Fund with support from EIT InnoEnergy.
5. Cash and cash equivalents of C$13.2 million as of June 30, 2024, down from C$20.1 million on March 31, 2024.
6. Working capital of C$11.7 million as of June 30, 2024, compared to C$15.5 million on March 31, 2024.
