Vancouver, British Columbia – 29 August 2024 | Euro Manganese Inc. (TSX-V and ASX:EMN; OTCQB:EUMNF; Frankfurt:E06) ("Euro Manganese" or the "Company") is pleased to announce that it has submitted an application to designate the Chvaletice Manganese Project ("Chvaletice Project" or the "Project") as a “Strategic Project” under the European Union’s (“EU”) Critical Raw Materials Act (“CRMA”).
Highlights:
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“Strategic Project” Application: Euro Manganese has applied for Strategic Project status for the Chvaletice Manganese Project under EU’s CRMA – legislation designed to ensure sustainable availability of raw essential materials that are crucial to European economies and a clean/green transition.
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Strategic Project Recognition: Achieving a Strategic Project designation could provide the Company with access to financing via a variety of potential private and public sources. This could include large EU institutions, national European banks, and even private financial institutions. This status also ensures that permitting processes are streamlined according to CRMA deadlines, reducing scheduling risks.
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Timeline for Decision: The European Commission is expected to announce the first list of Strategic Projects in December 2024, which could include the Chvaletice Project if the application is successful.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“Submitting our application for Strategic Project status under the CRMA for the Chvaletice Project is a significant milestone for Euro Manganese. Achieving Strategic Project designation would strengthen our role in the EU’s raw materials value chain, enable access to government-backed funding, facilitate collaboration with EU institutions, and accelerate permitting. Today’s announcement underscores our commitment to becoming the only integrated European producer of high-purity manganese for the battery supply chain.”
About Chvaletice Manganese Project:
The Chvaletice Manganese Project is a waste-to-value recycling and remediation opportunity involving the reprocessing of old tailings from a decommissioned mine. Situated in the Czech Republic, it is the only sizable resource of manganese in the EU, positioning Euro Manganese to contribute to the battery supply chain, which is essential for the shift to a circular, lowwer-carbon economy.
Dr. Matthew James
President & CEO
[email protected]
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
[email protected]
Jane Morgan
Investor and Media Relations – Australia
+61 (0) 405 555 618
[email protected]
About us:
About Euro Manganese:
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 advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Contact details:
Jane Morgan
Investor and Media Relations – Australia
+61 (0) 405 555 618
[email protected]