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EURO MANGANESE INC - Corporate Spotlight

Euro Manganese Inc. (EMN on TSX-V and ASX) is a Canadian public company focused... Euro Manganese Inc. (EMN on TSX-V and ASX) is a Canadian public company focused exclusively on the development of a new high purity manganese production facility, based on the recycling of a tailings deposit located in the Czech Republic.More

Corporate Spotlight

Euro Manganese Inc. (EMN on TSX-V and ASX) is a Canadian public company focused exclusively on the development of a new high purity manganese production facility, based on the recycling of a tailings deposit located in the Czech Republic.
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EMN TO FILE CHVALETICE ENVIRO ASSESMENT

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Euro Manganese to File Chvaletice Manganese Project Environmental Impact Assessment Notification

ASX Release 29th June 2020


  • Filing of EIA Notification triggers project permitting process
  • Studies confirm that Project is not expected to cause any significant adverse impacts to
  • the environmental or human health
  • Project is designed to meet all Czech Republic and European Union environmental,
  • health and safety standards
  • Project poised to become Europe’s only primary producer of high-purity manganese products by reprocessing waste, serving rapidly emerging European EV battery market

VANCOUVER, British Columbia (June 29, 2020) – Euro Manganese Inc. (TSX-V / ASX: EMN) (“EMN” or the "Company") is pleased to announce that it will file the Environmental Impact Assessment (EIA) Notification with the Czech Ministry of Environment on June 30th 2020, for its Chvaletice Manganese Project (“Chvaletice” or “the Project”) located in the Czech Republic. The Project entails reprocessing a large anthropogenic deposit of manganese carbonate, contained in waste from an historical mining operation. Chvaletice stands to become Europe’s only primary producer of high-purity manganese products, without the adverse impacts of hard-rock mining and the resulting generation of large quantities of new waste.


EMN President & CEO, Marco Romero, stated:

“This is a major milestone for Euro Manganese. The EIA Notification is the culmination of years of work on the ground, including extensive environmental baseline and impact studies, and a multi- million-dollar investment to plan and design a world-class high-purity manganese producer in Europe.


With this filing, we will also present our Project development plan, which benefitted from extensive consultation with local communities and stakeholders, from whom we received invaluable input. The plan features the application of strict and very high environmental, health, safety and social standards. The studies indicate that, on balance, this project is positive for the environment, local residents and the Czech Republic. Environmental protection and stewardship are front and centre in this Project, which is located on a site significantly impacted by historical mining activity.


A key associated benefit of the Chvaletice Manganese Project is that it will result in the rehabilitation, restoration and reclamation of a polluted site through the implementation of the highest environmental standards and engineering practices. Our goal is to competitively produce ultra-high- purity manganese products with best-in-class environmental and social performance. Nothing less than that is expected by manufacturers and buyers of batteries in the rapidly growing electric vehicle market.”


EMN and its wholly-owned Czech subsidiary, Mangan Chvaletice s.r.o (“Mangan”), engaged the services of Bilfinger Tebodin Czech Republic, s.r.o. (“Bilfinger Tebodin”) to prepare the EIA Notification, following completion of extensive environmental baseline studies and all necessary environmental impact studies prepared by various expert consultants. The proposed project is based on the development plan and process flowsheet presented in the Preliminary Economic Assessment issued in March 2019. 


Pavel Celunda, Bilfinger Tebodin’s Managing Director stated:

“We appreciated the professionalism and high environmental and technical standards that have been applied by the EMN and Mangan teams since we began to work with them in 2016. The Company has implemented a proactive and diligent approach to minimising the environmental and social impacts of the proposed operation and, importantly, incorporated into the project a value-adding environmental restoration of this polluted site.”


Numerous detailed expert studies were prepared as part of Chvaletice’s development over the past four years. These include a comprehensive site-wide Biological Survey; a detailed Air Dispersion model; an Acoustic/Noise Impact Study; a Road and Rail Transportation Study; a site-wide Hydrogeological Survey; a Health Impact Assessment; an Impact on Landscape Character Study; and a Reclamation and Remediation Study.


Key findings of these studies include:


Water Quality:

The Project’s proposed remediation and reclamation plan will have a significant positive impact by drastically reducing the seepage of historical pollutants into surface and groundwater, as well as the adjacent Labe River.


The current tailings are permeable and unlined and have been releasing metals and salts into the environment since historic tailings deposition was initiated in 1951. The EMN plan includes implementation of best-practices in tailings management, including dry-stacking of processed tailings on an impermeable liner, as well the capping and progressive revegetation of the site.


Air Quality:

The Project will not exceed limit values set for nitrogen dioxide (NO2), suspended particulate matter PM10 and PM2.5, or any other controlled airborne pollutants. In addition, the risk associated with sulphuric acid (H2SO4), ammonia and manganese were assessed through screening risk characterization relative to reference exposure limits, reference concentrations and exposure limit values set by international scientific institutions and the World Health Organization. The results of this assessment do not indicate any material risk of a negative impact on public health, as these pollutants will remain well below the reference value levels.


Acoustic Impacts:

Acoustic impacts generated by the Project are not expected to have a negative impact on public health. During normal operations, the acoustic impact at the nearest residential buildings are expected to remain below the daytime noise pollution threshold of 50 dB. The net acoustic contributions of the Project are expected to be negligible at night due to mitigation measures designed into the project, including building enclosures, acoustic barriers, vegetetion screens and other mitigation measures. With the proposed introduction of a vehicular noise barrier along Highway II/322, adjacent to the town of Chvaletice, along with the proposed operational shift hours,

the Project is expected to result in a noise reduction of up to 8 dB in Chvaletice. Additional mitigation will be realized through the proposed daytime only operation of the rail siding and tailings extraction operations.


Socioeconomic Impacts:

The Project will support regional economic development and diversification of the Pardubice Region, and other regions in the Czech Republic. Significant contracting opportunities for local businesses are anticipated during both the construction and operation phases. The Project is anticipated to create approximately 400 direct, full-time jobs for more than 25-years, which will make Mangan an important long-term employer in this region. In addition, the proposed process plant is located within a brownfield area, where there are currently numerous buildings in various states of disrepair that will be removed. The impact on community assets and cultural monuments has been assessed as insignificant. The construction and operation of a modern processing plant and the environmental rehabilitation of this already polluted site is expected to be overwhelmingly beneficial to the area and its residents.


Health Impact Assessment:

The Project is not expected to increase health risks for the nearby population via the introduction of above-limit noise emissions and/or air and water pollutants. As a result, the Project is not expected to adversely affect public health in the area. Certain aspects of the project are, in fact, expected to generate positive health risk reduction and outcomes, such as the elimination of groundwater pollution caused by the unlined tailings and the reduction of existing highway and railway noise levels in the town of Chvaletice.


Remediation and Reclamation:

The proposed remediation and reclamation plan for the tailings follows the highest international principles of sustainable development and seeks to protect and promote biodiversity. The plan was prepared following extensive community consultation and input from local residents. A combination of natural and recreational features is envisaged for the closure design, ensuring a robust and healthy aquatic and terrestrial ecosystem, while providing valuable recreational opportunities for local residents. Conversion of the currently polluted area into a natural biotope that meets all modern Czech and European Union standards and guidelines will be a significant collateral benefit of the Project.


The timeline for the review of the EIA Notification by the Czech Ministry of Environment is expected to last approximately six to eight weeks, after which initial regulatory feedback is expected. Comments, gaps, deficiencies and clarification requests will be addressed by the Company in the subsequent phase of the permitting process, which the Company targets to result in the completion of the Final EIA during 2021.


About Euro Manganese:

Euro Manganese Inc. is a Canadian mineral resource company focused on the development of the Chvaletice Manganese Project in the Czech Republic. 


The Project will recycle historic mine tailings that host Europe’s largest manganese deposit and result in an environmental remediation of this site. The European Union is emerging as a major electric vehicle manufacturing hub. 


EMN's goal is to become the preferred supplier of sustainably produced ultra-high-purity manganese products for the lithium-ion battery industry and for producers of specialty steel, high-technology chemicals and aluminum alloys.


This announcement was authorized for release by the CEO of Euro Manganese Inc.


ASX Release 29th June 2020

EMN MAKES FINAL PAYMENT ON CHVALETICE

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Euro Manganese Makes Final Payment in the Acquisition of the Chvaletice Manganese Project

ASX Release 15th May 2020


  • EMN pays final installment in Chvaletice Manganese Project purchase

  • EMN to present at Benchmark Mineral Intelligence World Tour Online


VANCOUVER, British Columbia (May 14, 2020) – Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce that it has issued the final tranche of common shares ("Shares") in connection with the acquisition of its wholly-owned subsidiary which holds 100% of the rights to the Chvaletice Manganese Project, and that its President and CEO will be presenting online at the Benchmark Mineral Intelligence World Tour conference.


Final Tranche of Shares Issued to Acquire Mangan Chvaletice s.r.o.

On May 13, 2020, the Company issued 3,333,333 Shares to the founding shareholders of Mangan Chvaletice s.r.o. ("Mangan") to satisfy its final commitment pursuant to the Mangan Acquisition Agreement dated May 13, 2016 (the "Mangan Acquisition Agreement"). The Shares were valued at $300,000 based on $0.09 per Share, being the 20-trading day volume weighted average of the Company's share price immediately prior to the day of issuance.


Pursuant to the Mangan Acquisition Agreement, the Company acquired a 100% interest in Mangan which holds the rights to the Chvaletice Manganese Project. The sale and purchase agreement required the issuance of Shares in five equal annual tranches, each valued at $300,000, for a total value of $1,500,000, and the granting of a 1.2% net smelter royalty interest to the original shareholders of Mangan. In connection with the first four tranches, the Company had previously issued a cumulative 8,655,845 Shares, with a total value of $1,200,000.


EMN CEO, Marco Romero, to Present at Benchmark Mineral Intelligence World Tour Online

The Company’s President & CEO, Marco Romero, will be presenting at the Benchmark Mineral Intelligence ("Benchmark") World Tour conference to be held online during the week of May 25th and featuring guests speakers and company profiles with an upstream mining and battery grade chemical focus. The online platform has been established to provide Benchmark’s client base with informative online seminars whilst travel is curtailed and is offered in two time zone opportunities for both Eastern and Western hemispheres. 


Mr. Romero will be presenting online as follows:

Benchmark World Tour East: Tuesday, 26 May 2020, 8 AM London time; 

and Benchmark World Tour West: Wednesday, 27 May 2020, 4 PM London time.


Read the full ASX Release Here

PARTNER PROCESS LAUNCHED WITH BACCHUS

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GLOBAL PARTNER SEARCH PROCESS LAUNCHED WITH BACCHUS CAPITAL ADVISERS

ASX Release 29th May 2020


Vancouver, Canada (May 28, 2020) – Euro Manganese Inc. (TSX-V / ASX: EMN) (the “Company” or “EMN”), holder of 100% of the rights to Chvaletice Manganese Project (the “Project”) in the Czech Republic, is pleased to announce that it has initiated a process with its financial adviser, Bacchus Capital Advisers (“BCA”), to secure a strategic partner to assist with the development of the Project.


The Company has received expressions of interest from various parties to partner in the development of the Project and, as a result, the board of directors of the Company (the “Board”) believes that it is in the best interest of all of our stakeholders to launch a formal global partner search to find an optimal ownership and/or capital structure that can support the advancement of this important European waste recycling project.


The Chvaletice Manganese Project represents a sizeable, globally significant, and advanced stage development opportunity that is expected to sustainably and competitively deliver battery-grade, high- purity manganese products. This Project is highly strategic due to its well-connected location in the heart of Europe’s fast-growing electric vehicle and battery production supply chain. Chvaletice stands to become Europe’s only primary producer of high-purity manganese products. Development of this resource is expected to have a significant positive impact on the future of European sustainable battery manufacturing.


EMN and BCA will evaluate all available options for the advancement and development of the Project, to deliver maximum value of this strategic asset for the Company’s shareholders. The Company looks forward to updating shareholders and other stakeholders as to the results of this process.


The Company confirms that while it has received initial approaches from certain parties, it is not in receipt of any binding offer at this time. There can be no certainty that this process will result in an offer or any form of transaction, or about the terms and timing of such matters.


Any interested party wishing to participate in this process should contact BCA directly (contact details as set out below).

The Board reserves the right to alter any aspect of the process as outlined above or to terminate the process at any time and, in such cases, will make further announcements as appropriate. The Board also reserves the right to reject any approach or terminate discussions with any interested party at any time.


EMN does not intend to disclose developments with respect to this strategic process unless the Board has approved a specific transaction, or otherwise determines that disclosure is necessary or appropriate.


Read the full ASX Release here

CLOSING OF 2ND PRIVATE PLACEMENT

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CLOSING OF 2nd TRANCHE OF PRIVATE PLACEMENT 

ASX Release 7th May 2020


Euro Manganese Inc. (TSX-V / ASX: EMN) is pleased to announce that, following the approval by 100% of the shareholders who voted at a special meeting held on May 1, 2020, it has closed the second tranche of the non-brokered private placement (the "Offering") announced on March 24, 2020.


The second tranche of the Offering (the "Related Parties Tranche") was comprised of subscriptions by related parties of the Company (consisting of directors of the Company and companies controlled by directors of the Company) of 4,261,142 common shares 


("Shares") at a price of $0.11 per Share and 174,615 CHESS Depositary Interests ("CDIs", with each CDI representing one Share) at a price of AUD$0.13 per CDI for aggregate gross proceeds of $487,780. The Related Parties Tranche was subject to approval by the Company’s shareholders as required by Listing Rule 10.11.5 of the Australian Securities Exchange ("ASX").


Aggregate gross proceeds under the Offering were approximately $1,005,300. Net proceeds of the Offering will be used by the Company to further advance its Chvaletice Manganese Project in the Czech Republic, including advancing the feasibility study and preparation of the Environmental Impact Assessment submission, and for other general corporate purposes. Fees payable by the Company in connection with the Offering are a management fee, payable in cash, of 1% of the aggregate gross proceeds from the Offering. Shares issued pursuant to the Related Parties Tranche of the Offering are subject to a four month and one day statutory hold period expiring on September 7, 2020.


The Shares and CDIs issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Euro Manganese:

Euro Manganese Inc. is a Canadian mineral resource company focused on the development of the Chvaletice Manganese Project in the Czech Republic. The Project will recycle historic mine tailings that host Europe’s largest manganese deposit and result in an environmental remediation of this site. 


The European Union is emerging as a major electric vehicle manufacturing hub. EMN's goal is to become the preferred supplier of sustainably-produced ultra-high-purity manganese products for the lithium-ion battery industry and for producers of specialty steel, high-technology chemicals and aluminum alloys.


Read The Full Announcement Here



EMN CORPORATE PRESENTATION - MAY 2020

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