EURO MANAGANESE INC - EUMNF STOCK NEWS

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.

Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF) has announced its Third Fiscal Quarter 2024 financial reports will be filed on August 14, 2024. The company will host two separate conference calls on August 15 and 16, 2024, to accommodate stakeholders in different time zones. Both calls will cover the same content and will be hosted on Zoom, allowing participants to dial-in or join via web link. Questions can be asked directly or through the chat function.

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 developing the Chvaletice Manganese Project in the Czech Republic, a unique waste-to-value recycling opportunity, and exploring manganese production in Bécancour, Québec. As the only sizable manganese resource in the European Union, the company is strategically positioned to support the shift towards a circular, low-carbon economy.

Euro Manganese has completed the commissioning of its high-purity manganese Demonstration Plant at the Chvaletice Manganese Project in the Czech Republic.

Two independent laboratories validated that the plant produces high-purity manganese sulphate monohydrate (HPMSM) with low impurities.

The company has also received the Permanent Operating Permit for the Demonstration Plant. This milestone allows the production of bulk HPMSM and HPEMM samples for prospective customers, facilitating supply chain qualification processes.

The plant will serve multiple purposes, including operational data collection, vendor testing, by-product testing, and training.

Euro Manganese will produce about 33kg of HPEMM per day, which converts to approximately 100kg of HPMSM daily.

CEO Dr. Matthew James noted that this milestone allows the company to provide customers with high-purity manganese products, despite the process taking longer than expected.

Euro Manganese (TSX-V: EMN; ASX: EMN; OTCQB: EUMNF) announced its second fiscal quarter 2024 results, highlighting significant milestones for its Chvaletice Manganese Project in the Czech Republic. Key accomplishments include receiving final approval for the Environmental and Social Impact Assessment, and the project's formal appraisal for debt financing with the European Investment Bank. Financially, the company reported cash and equivalents of C$20.1M, down from C$24.3M in the previous quarter and working capital of C$15.5M, down from C$22.1M. The company remains funded to achieve critical milestones.

Euro Manganese Inc. (EUMNF) receives approval of the ESIA for the Chvaletice Manganese Project from the Czech Ministry of Environment. The Company appoints Tim Kindred as Project Director. The ESIA approval marks a significant milestone, with excellent stakeholder engagement processes and no opposition during the public commentary period. Tim Kindred's extensive experience in project delivery and hydrometallurgy positions him well to lead the FEED and EPCM phases of the Project.

Euro Manganese Inc. announces approval of Critical Raw Materials Act by the European Union, positioning the company as the sole European producer of high-purity manganese for battery supply chain. The Act identifies key materials crucial for green and digital transitions, with manganese recognized as both a strategic and critical raw material.

Euro Manganese Inc. (EUMNF) announces an investor webinar with President and CEO, Dr. Matthew James, to provide a company update and engage in a Q&A session. The event is scheduled for March 27, 2024, in Australia and March 26, 2024, in North America.