The company is working to bring Europe’s only primary producer of high purity manganese online, with the Czech asset located in the heart of the continent’s fast-growing electric vehicle production hub.
Euro Manganese Inc (ASX:EMN, TSX-V:EMN, OTCQX:EUMNF) has published its third-quarter financials and management commentary, recapping its operating highlights as it continues to develop its cornerstone Chvaletice Manganese Project in the Czech Republic.
Over the company’s third quarter, the company completed the second tranche of a brokered private placement, extinguished royalty agreements and announced it would restart its pilot plant to provide small samples of high purity manganese from Chvaletice to prospective customers.
Looking ahead, work on the manganese play’s definitive feasibility study and final environmental impact assessment continues, with both these projects slated for completion in the first quarter of 2022.
As of June 30, 2021, Euro Manganese had more than C$33.4 million in the bank to support its future operations.
“Positioned to benefit from manganese battery momentum”
Euro Manganese CEO Marco Romero said: “As the Chvaletice Manganese Project moves forward, the future of the electric vehicle industry and high-purity manganese in EV batteries has never looked better.
“During the last several months we have seen major policy announcements from the European Commission and the United States designed to accelerate the world’s transition to e-mobility and...
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