Ann: Euro Manganese announces AUD$30 million Private Placement, page-11

EU going all in to back this project and get the money flowing as per release.


https://www.innoenergy.com/for-innovators/news-events/boosting-european-ev-battery-raw-material-supply-chain-with-support-of-high-purity-manganese-project/

EIT InnoEnergy will also help Euro Mangane sesecure customer offtake agreements by leveraging its network of industrial partners, including the European Battery Alliance (EBA), for which it runs the industrial development programme.

The EIB’s involvement is decisive here to de-risk raw materials projects, leverage additional private money and effectively, to close the estimated financial gap of 15 billion euros by 2025.”

The Chvaletice Manganese Project is the only sizeable manganese resource in the European Union, with the potential to provide up to 50% of projected European demand for high-purity manganese for batteries in 2025, and 28% of anticipated 2030 requirements. As such, the project represents a milestone moment for the European automotive industry, which is looking to reduce the risk of potential critical raw material supply disruptions.

By reprocessing existing mining waste located in Europe, the project will have a much smaller environmental footprint than other existing sources of battery-grade manganese, which are typically mined and shipped from Africa, processed in China and then transported to Europe.

The project also stands to remediate the impacts of past mining activity by recycling industrial waste. These are significant environmental benefits.