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 Inc. announced the shipment of the final consignment of its demonstration plant modules from Shanghai to Hamburg, marking a key milestone for the Chvaletice Manganese Project. The first consignment was sent on April 30, with both expected to arrive in June and July. Assembly will begin upon arrival, aiming for commissioning in September and sample deliveries in Q4 2022. Positioned as a significant battery materials provider, the project leverages recycled tailings in the Czech Republic, supporting the European Union's EV supply chain.
Euro Manganese Inc. announced key developments for Q2 2022, including the shipment of its demonstration plant and Ms. Hanna Schweitz's appointment to the Board. The first of two shipments was sent on April 30, with assembly set for June and production targeted by September. A land rental agreement has been approved, providing access to 19% of required land. The company also completed a private placement for $8.5 million, enhancing project financing flexibility. Notably, a royalty termination agreement was settled, projecting a $25.3 million increase in after-tax NPV based on a 2019 assessment.
Euro Manganese has appointed Hanna Schweitz to its Board of Directors, effective April 25, 2022. With her extensive experience in the metals and EV battery materials sector, Schweitz aims to advance the Chvaletice Manganese Project in the Czech Republic. Currently serving as Director of Battery Materials at WMC Energy, Schweitz's background includes roles at Northvolt AB and Boliden AB. She has been granted stock options for 500,000 common shares at an exercise price of C$0.4775. Euro Manganese will provide an operational update on May 16, 2022.
Euro Manganese Inc. announced the approval of land rezoning underlying the Chvaletice Manganese Project by the Village of Trnavka, facilitating mining use for the Project's tailings. The Municipality of Chvaletice approved terms for a land access agreement, allowing the Company access to 19% of the necessary land area. Key terms include a 40-year rental agreement at CZK 7.46 million annually, adjusted for inflation. Discussions are ongoing with remaining landowners for additional access agreements. The Company aims to position itself as a leader in high-purity manganese production to support the electric vehicle industry.
Euro Manganese Inc. announced positive outcomes from its Annual General & Special Meeting held on February 25, 2022, with shareholders approving all matters presented. Key results include the re-election of all five management nominees, with Thomas M. Stepien receiving 99.71% of votes for re-election. Pricewaterhouse-Coopers LLP was confirmed as auditors with 99.81% support. Additionally, the stock option plan and its amendments were overwhelmingly endorsed, securing over 99% of shareholder votes. A critical ratification of a share issuance related to a placement with the European Bank for Reconstruction and Development also achieved 99.78% approval.
Euro Manganese Inc. has closed a strategic equity investment of CAD$8,499,500 from the European Bank for Reconstruction and Development (EBRD). This private placement involved issuing 17,800,000 common shares at CAD$0.4775 each, resulting in EBRD holding about 4.4% of the company’s shares. Proceeds will enhance financing for the Chvaletice Manganese Project in the Czech Republic, covering feasibility studies and operational costs. Additionally, Euro Manganese's CEO will host a quarterly investor call on February 14, 2022, to discuss project updates.
Euro Manganese Inc. (EUMNF) announced the issuance of 4,820,109 common shares and a payment of US$1,800,000 to eliminate a 1.2% net smelter royalty in the Chvaletice Manganese Project. The share issuance was valued at US$2,278,080, calculated based on the share price of $0.47262. This transaction aligns with Euro Manganese's goal of advancing the project and enhancing its position as a producer of high-purity manganese products. Shares issued are subject to a hold period until June 1, 2022.
Euro Manganese Inc. (EUMNF) announced plans to address the remaining balance of US$4.5 million under Royalty Termination Agreements through a combination of US$1.8 million in cash and issuing 4,820,109 common shares valued at approximately US$1.8 million. This settlement is linked to acquiring a 1.2% net smelter royalty on the Chvaletice Manganese Project. The share issuance requires approval from the TSX Venture Exchange and is subject to a four-month hold period. The company aims to become a leading producer of ultra-high-purity manganese for the battery industry.
Euro Manganese Inc. (EUMNF) announced the issuance of 478,027 common shares to EIT InnoEnergy following two investment tranches totaling €187,500 (CAD$278,012). The funds support the Chvaletice Manganese Project, aimed at supplying high-purity manganese for electric vehicle batteries. The project is at the feasibility study stage and aims to serve European battery manufacturers. The third investment tranche of €62,500 is expected shortly. Following this issuance, the total shares outstanding rise to 377,961,442, with shares subject to a hold period until May 7, 2022.
The European Bank for Reconstruction and Development (EBRD) has committed CAD$8.5 million to support Euro Manganese Inc.'s Chvaletice Manganese Project. This strategic investment, finalized through a private placement of 17.8 million shares at CAD$0.4775 each, is expected to enhance the company's financing flexibility. The EBRD's investment aligns with European Union goals for sustainable battery material supply, marking a significant step in the project’s development. The investment follows a thorough technical and environmental review conducted by an independent consultancy.
