Highlights:
- The European Bank for Reconstruction and Development ("EBRD") has agreed to invest CAD$8.5 million to support EMN's development of the Chvaletice Manganese Project
- The ERBD’s investment and relationship will be beneficial to the Company as the Chvaletice Manganese Project moves through development, project financing, and into production
- As part of its due diligence, the EBRD engaged an independent, international natural resources consultancy to conduct a technical and environmental review of the Chvaletice Manganese Project
- The EBRD is owned by the European Union, European Investment Bank and 71 countries, including the Czech Republic
VANCOUVER, British Columbia, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce the entering into of a strategic investment agreement of CAD$8,499,500 with the EBRD.
As part of the due diligence process, the EBRD engaged an independent, international natural resources consultancy to undertake a technical and environmental review of the Chvaletice Manganese Project. The EBRD’s Environmental and Social Policy is progressive and in keeping with international best practices, which EMN met. EMN has undertaken to maintain compliance with the EBRD's environmental, social, economic inclusion and equal opportunity standards.
The Company’s relationship with the EBRD is expected to be highly strategic as the European Union (“EU”) charts a...
Read Full Story: https://www.globenewswire.com/news-release/2022/01/04/2360356/0/en/European-Bank-for-Reconstruction-and-Development-to-Invest-8-5-Million-in-Euro-Manganese.html
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