Ridiculous Market Cap and Stock Price, page-16

America and Europe can no longer rely on supply of high purity Manganese from China.

South32 is developing the first new US manganese mine in decades. The company has allocated $55 million of capital expenditure to work on the Hermosa project in Arizona for the current fiscal year and expects to begin a pre-feasibility study before mid-2023.

In Europe, Euro Manganese is developing its Chvaletice Project in the Czech Republic, the only sizeable, classified resource of manganese in the European Union. The project entails re-processing manganese deposits contained in waste (tailings) from a decommissioned mine that operated between 1951 and 1975.The company plans to convert the carbonate to high-purity manganese metal and sulphate and send it to Euro Manganese’s planned processing facility in Quebec where it will be converted into a liquid sulphate. The site is adjacent to two proposed cathode plants allowing the liquid sulphate to be piped directly into the cathode production processes.
Going forward, we’re going to see a European battery industry and a North American battery industry.
Both of those are growing at a tremendous pace and are gonna require their own supply chains, including a supply chain for manganese. And when you thinking about moving forward, I would talk about 10 years from now or over the next five years.”