Wildcat Announces Offtake Term Sheet with Euro Manganese
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.
Wildcat Discovery Technologies ha stipulato un accordo di off-take non vincolante con Euro Manganese Inc. (EUMNF) per il manganese ad alta purezza dal Chvaletice Manganese Project nella Repubblica Ceca. L'accordo ha una durata di sette anni, a partire dalla prima produzione, con possibilità di rinnovo. Wildcat, che si concentra sulla produzione di catodi senza nichel e cobalto, prevede di costruire un impianto negli Stati Uniti entro il 2026-2027. L'off-take rappresenta una percentuale significativa della produzione annuale di Euro Manganese, con prezzi legati agli indicatori di mercato. L'accordo è condizionato alla costruzione dell'impianto di Wildcat e alla qualificazione del prodotto. Questa partnership è in linea con la strategia di Wildcat per materiali per catodi completi agli IRA e l'obiettivo di Euro Manganese di fornire la catena del valore delle batterie in Occidente.
Wildcat Discovery Technologies ha celebrado un acuerdo de suministro no vinculante con Euro Manganese Inc. (EUMNF) para manganeso de alta pureza del Chvaletice Manganese Project en la República Checa. El acuerdo tiene una duración de siete años, comenzando desde la primera producción, con posibilidad de renovación. Wildcat, que se centra en la producción de cátodos sin níquel y cobalto, planea construir una planta en EE.UU. para 2026-2027. El suministro representa un porcentaje significativo de la producción anual de Euro Manganese, con precios vinculados a indicadores del mercado. El acuerdo está condicionado a la construcción de la planta de Wildcat y a la calificación del producto. Esta asociación se alinea con la estrategia de Wildcat para materiales de cátodo cumplidores con IRA y el objetivo de Euro Manganese de abastecer la cadena de valor de baterías en Occidente.
Wildcat Discovery Technologies는 체코 공화국의 Chvaletice 망간 프로젝트에서 고순도 망간에 대한 비구속 오프테이크 계약을 Euro Manganese Inc. (EUMNF)와 체결했습니다. 이 계약은 첫 생산 시점부터 7년에 걸쳐 유효하며 재계약 가능성도 있습니다. 니켈과 코발트가 없는 양극 생산에 집중하는 Wildcat은 2026-2027년까지 미국에 공장을 건설할 계획입니다. 이 오프테이크는 Euro Manganese의 연간 생산량의 상당한 비율을 차지하며, 가격은 시장 지표와 연관되어 있습니다. 이 거래는 Wildcat의 공장 건설과 제품 자격 부여에 따라 달라집니다. 이 파트너십은 Wildcat의 IRA 준수 양극 재료 전략과 Euro Manganese의 목표인 서부 배터리 가치 사슬 공급과 일치합니다.
Wildcat Discovery Technologies a conclu un accord d'achat non contraignant avec Euro Manganese Inc. (EUMNF) pour du manganèse de haute pureté provenant du Chvaletice Manganese Project en République tchèque. L'accord s'étend sur sept ans, à compter de la première production, avec un potentiel de renouvellement. Wildcat, axé sur la production de cathodes sans nickel ni cobalt, prévoit de construire une usine aux États-Unis d'ici 2026-2027. Cet accord représente un pourcentage significatif de la production annuelle d'Euro Manganese, avec des tarifs indexés sur des indicateurs de marché. Ce partenariat dépend de la construction de l'usine de Wildcat et de la qualification du produit. Cette collaboration s'inscrit dans la stratégie de Wildcat pour des matériaux de cathode conformes à l'IRA et l'objectif d'Euro Manganese de fournir la chaîne de valeur des batteries en Occident.
Wildcat Discovery Technologies hat einen unverbindlichen Offtake-Vertrag mit Euro Manganese Inc. (EUMNF) über hochreines Mangan aus dem Chvaletice Mangan-Projekt in der Tschechischen Republik abgeschlossen. Die Vereinbarung hat eine Laufzeit von sieben Jahren, beginnend mit der ersten Produktion, mit der Möglichkeit auf Verlängerung. Wildcat, das sich auf die Produktion von Nickel- und Kobalt-freien Kathoden konzentriert, plant den Bau eines Werkes in den USA bis 2026-2027. Der Offtake stellt einen signifikanten Prozentsatz der jährlichen Produktion von Euro Manganese dar, wobei die Preise an Marktaspekte gebunden sind. Der Deal ist von der Errichtung des Wildcat-Werks und der Produktqualifizierung abhängig. Diese Partnerschaft steht im Einklang mit Wildcats Strategie für IRA-konforme Kathodenmaterialien und dem Ziel von Euro Manganese, die westliche Batterie-Wertschöpfungskette zu beliefern.
- Long-term offtake agreement for 7 years with potential for renewal
- Significant percentage of Euro Manganese's annual production committed
- Aligns with IRA compliance for North American customers
- Supports Wildcat's U.S.-based cathode material production plans
- Term sheet is non-binding and contingent on Wildcat building its U.S. plant
- Final pricing mechanism and tonnages yet to be determined
- Product qualification from Chvaletice Demonstration Plant required
Highlights
- Based in
San Diego, California , Wildcat partners with global leaders throughout the battery industry to align and integrate all elements of the full battery cell for optimal performance. Consistent and significant progress in Wildcat's technology has led to a focus exclusively on nickel and cobalt free cathode production. Wildcat has announced the building of aU.S. -based plant expected 2026 – 2027 to produce a portfolio of safe sustainable, and cobalt/nickel-free cathode materials for electric vehicle battery cells and other markets including stationary storage. - Pursuant to the Term sheet, deliveries are to commence from first production, for an initial term of seven years with potential for renewal. The commencement of the initial term shall be subject to successful qualification by Wildcat of the Company's high-purity manganese product from the Chvaletice Demonstration Plant.
- The offtake tonnages increase over the seven-year term and the average annual tonnage represents a significant percentage of the Company's annual high-purity manganese product production. It is expected that pricing will be subject to market indicators, with mechanisms for increase/decrease tied to certain benchmarks.
- The Term Sheet is non-binding and contingent on Wildcat building its
U.S plant, however the parties intend to enter a binding offtake agreement, in which the pricing mechanism and tonnages will be finalised, together with any other agreements necessary.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
"This is another major milestone for Euro Manganese and for the western market battery value chain. This long-term offtake term sheet represents a significant percentage of the planned production of the Chvaletice Manganese Project over time. An important value proposition is our product does not originate from, or is processed by, a foreign entity of concern, a key purchasing criteria for North American customers. We look forward to working with Wildcat as they advance on their goals of delivering CAM materials to their customers."
Mr. Mark Gresser, CEO of Wildcat said: "This agreement represents an important step for Wildcat in the development of high quality, low-cost, reliable, localized and IRA compliant sources for important cathode pre-cursor materials. We view the Euro Manganese partnership as an important piece to our supply chain strategy, and look forward to working with them in the coming years."
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading, competitive, and environmentally superior producer of high-purity manganese for the electric vehicle industry and other high-technology applications. The Company is advancing development of the Chvaletice Manganese Project in the
About Wildcat
Wildcat's mission is to produce high-performance
Media Contact:
press@wildcatdiscovery.com
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SOURCE Wildcat Discovery Technologies
FAQ
What is the duration of the offtake agreement between Wildcat and Euro Manganese (EUMNF)?
When is Wildcat planning to build its U.S.-based plant for cathode material production?
Is the offtake term sheet between Wildcat and Euro Manganese (EUMNF) binding?
What percentage of Euro Manganese's (EUMNF) production is covered by the Wildcat offtake agreement?
