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 (EUMNF) has announced several key developments for Q1 2023, highlighting progress in its Chvaletice Manganese Project. A non-binding offtake term sheet with Verkor was established, ensuring future supply of high-purity manganese sulphate. The Demonstration Plant is on track for commissioning, with initial supplies ready by Q2 2023. The final Environmental and Social Impact Assessment has been submitted, with a six-month approval period expected. Financially, cash reserves decreased to C$18.3 million, reflecting project advancement costs, while working capital dropped to $16.1 million. The company remains well-positioned for future growth.
Euro Manganese will file its First Fiscal Quarter financial reports after TSX.V market close on February 9, 2023, and prior to ASX market open on February 10, 2023. The company will hold two conference calls on February 13, 2023, to address both North American and UK/European audiences, and also for Australian audiences on February 14, 2023. Euro Manganese is focused on producing high-purity manganese for the electric vehicle sector, with its Chvaletice Manganese Project in the Czech Republic being a key initiative. This project recycles old tailings and represents a significant resource of manganese within the European Union.
Euro Manganese Inc. has announced a non-binding offtake term sheet with Verkor for high-purity manganese sulphate monohydrate from its Chvaletice Project in the Czech Republic. The agreement outlines an initial eight-year term that will begin with first production expected in 2027, contingent on successful qualification of the product. Pricing will be index-adjusted and includes a floor price to meet financing covenants. This marks a significant milestone for the company as it seeks to supply the European battery market.
Euro Manganese Inc. (EUMNF) announced the issuance of 237,077 common shares to EIT InnoEnergy following the completion of the final investment tranche of €62,500 (CAD$80,606). This forms part of a total of €250,000 received from EIT InnoEnergy to support the Chvaletice Manganese Project's feasibility study and the commissioning of a Demonstration Plant. The shares are subject to a hold period expiring on May 6, 2023. EMN aims to become a key player in the high-purity manganese market, crucial for electric vehicle batteries and advancing the circular economy.
Euro Manganese Inc. (EUMNF) reports significant developments for Q4 2022 and beyond. The commissioning of its Demonstration Plant is underway, with on-spec samples expected in Q1 2023, and six EV supply chain companies have requested samples. The formal off-take tender process has attracted multiple bids, and a positive Feasibility Study indicates a robust after-tax NPV of US$1.34 billion and an IRR of 21.9%. The company has C$21.6 million in cash and is exploring North American market opportunities for battery-grade manganese.
Euro Manganese Inc. (EUMNF) announced the results of a Life Cycle Assessment study showcasing significant environmental advantages of its Chvaletice Project's high-purity manganese products. The study found that the global warming potential (GWP) of electrolytic manganese metal (HPEMM) from Chvaletice is 64% lower than that produced in China, while high-purity manganese sulphate monohydrate (HPMSM) shows a 59% lower carbon footprint. The findings highlight Chvaletice's competitive edge in sustainability, especially in comparison to nickel and cobalt, essential battery materials.
Euro Manganese Inc. (EUMNF) will release its Fourth Quarter and Year-End financial reports on December 19, 2022. Two conference calls will follow to update stakeholders on the Chvaletice Project and the company's North American strategy. These calls will be accessible via Zoom, with the same content for all participants. The Chvaletice project aims to recycle and remediate manganese from old mine tailings, strategically benefiting the EU’s battery supply chains.
Euro Manganese Inc. is advancing the Bécancour Project in Québec to support the growing demand for high-purity manganese products in North America, projected to reach 200,000 tonnes per annum by 2031. Currently, there is no processing capacity for battery-grade manganese in the region. A scoping study is underway to evaluate the site's potential for production. The project, supported by the recent U.S. Inflation Reduction Act, aims to establish a local supply chain for electric vehicle manufacturers and optimize production efficiency while reducing CO2 emissions.
Euro Manganese (EUMNF) has commenced commissioning of its Demonstration Plant at the Chvaletice Project site as of November 10, 2022. Demand for samples from the plant is strong, with 12 companies, including leading automotive and EV battery manufacturers, expressing interest. The installation of the plant is nearly complete, with the first module now undergoing commissioning. High-purity manganese products are expected to be available by Q1 2023, paving the way for potential off-take agreements. The progress indicates a strategic alignment with the growing EV battery supply chain.
