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Wednesday, December 8, 2021

Euro Manganese set to supercharge EV industry with Chvaletice"s manganese products - Proactive Investors USA & Canada

Last updated Monday, November 22, 2021 22:53 ET , Source: NewsService

The battery metals revolution is here and battery-grade manganese stocks are increasingly in the spotlight.

Euro Manganese Inc (ASX:EMN, TSX-V:EMN, OTCQX:EUMNF) is preparing to take the sector by storm with its flagship project in the Czech Republic, a unique manganese asset in the heart of the European Union.

The company plans to power Europe’s electric vehicle (EV) revolution with its Chvaletice Manganese Project, which, starting in 2025, is expected to produce 50,000 tonnes of high-purity manganese per annum over the asset’s 25-year life.

As the world sets its sights on this essential battery raw material, Euro Manganese CEO Marco Romero sat down with Proactive to talk about the future of the Chvaletice asset.

The Chvaletice tailings deposits are about 90 kilometres east of Prague, surrounded by excellent infrastructure with rail, highway, gas pipeline, water and power available on-site.

Manganese comes to the fore

Electric vehicles sales have been accelerating in the last few years, as have the materials that power them like nickel, cobalt and lithium.

But one such mineral that’s seemed to escape attention is manganese. That’s all starting to change.

High purity manganese is a raw material that is increasingly used in battery chemistries utilised by major automotive companies like Volkswagen, Stellantis, BMW, Volvo, Mercedez Benz and Renault. Battery makers use manganese because of its lower cost and its attractive range, power, safety and charging performance.

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