Euro Manganese provides update on Chvaletice Manganese Project Permitting process, Demonstration Plant, feasibility study and commercial negotiations all remain on track

Highlights:

• The Venture’s Closing Environmental and Social Influence Evaluation is on monitor for completion within the first quarter of 2022.
• Procurement of 97% of the Chvaletice Manganese Venture’s Demonstration Plant gear has been accomplished. Operation of the Demonstration Plant is scheduled to start within the first quarter of 2022.
• Work on the Venture’s definitive feasibility examine is on monitor for completion within the first quarter of 2022.
• Euro Manganese continues its discussions with potential offtakers for the Chvaletice Manganese Venture’s manufacturing of excessive purity manganese.

VANCOUVER, British Columbia, Could 23, 2021 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V / ASX: EMN) (the “Firm” or “EMN”) is happy to supply an replace on its proposed Chvaletice Manganese Venture (the “Venture”) following the profitable shut of the second tranche of the Firm’s oversubscribed personal placement of AUD$30 million accomplished earlier this month.

The Venture is designed to supply high-purity manganese merchandise by reprocessing manganese-rich tailings from a decommissioned mine, situated 90 km east of Prague within the Czech Republic.

Allowing course of and Closing Environmental and Social Influence Evaluation transfer ahead

The allowing course of for the Venture continues to construct on 5 years of significant and constructive engagement with governments, regulatory companies and native communities.

The Firm has benefitted from ongoing collaboration and assist for the Venture at numerous ranges of the Czech Authorities, who accredited the Firm’s software for funding tax credit on eligible venture expenditures, and, in March 2020, issued a ruling below European Union’s Natura 2000, which decided that the Chvaletice Manganese Venture just isn’t anticipated to adversely impression endangered and guarded species habitat.

Present allowing work is targeted on producing a Closing Environmental and Social Influence Evaluation for the Venture. Finishing the evaluation is the following step within the allowing course of, following the profitable preliminary public screening process of the Venture’s Preliminary EIA by the Czech Ministry of the Atmosphere in late 2020. See EMN information launch of January 14, 2021, entitled “Chvaletice Manganese Project Moves to Next Stage of Permitting Process.”

As a part of its stakeholder engagement work, the Venture has hosted ten main public shows for seven native villages, carried out quite a few website excursions of the Venture website for native civic leaders and residents, and offered the venture to many small teams and people, together with regional and civic allowing authorities, mayors, municipal boards and native colleges. Based mostly on the outcomes of those intensive neighborhood consultations and the preliminary Ministry of the Atmosphere screening process, the Venture has been well-accepted by stakeholders, with no important considerations.

“The Venture has acquired all needed regulatory, allowing and tenure approvals so far in an expeditious means,” says Jan Votava, Managing Director of EMN’s Czech operation. “We recognize the assist and professionalism of the Czech Authorities and regulatory authorities, and the collaborative and respectful perspective of native communities.”

Native groundwater has lengthy been contaminated by the present Chvaletice tailings deposits, which leach metals and salts into the underlying aquifer. Regulatory our bodies that participated within the preliminary screening process have considered the Venture positively as a result of it’s designed to eradicate the longstanding supply of water air pollution and restore the positioning again to a extra pure state.

Water administration is an important a part of the venture design. A complete groundwater monitoring program has been in place since 2017 to ascertain benchmark information on the extent of the contamination. Up to now, 25 monitoring wells have been drilled, and the water is examined month-to-month. The Firm is focusing on the usage of solely recycled, contaminated and waste water in its manufacturing course of.

Demonstration Plant progressing properly

Detailed design of the Chvaletice Manganese Venture’s Demonstration Plant (DP) by the Changsha Analysis Institute for Mining and Metallurgy is progressing properly, with 97% of apparatus ordered and fabrication about to start. The DP consists of six interconnected modules that may replicate the complete HPM manufacturing course of for use within the business operation of the Venture.

On the Chvaletice Venture website, planning work is underway for a revamp of two industrial buildings that have been a part of the unique Chvaletice mining operation 4 many years in the past. The buildings might be upgraded to deal with the DP modules. The allowing course of for the constructing renovation and building work is underway and focused for completion in June/July 2021.

Definitive feasibility focused for completion by Q1 2022

The Firm continues to make strong progress on the definitive feasibility examine, which is focused for completion within the first quarter of 2022. Up to now, the examine is monitoring on schedule and on price range, with roughly 50% of bodily progress full as on the finish of April 2021. The examine is predicted to supply the design, value and scheduling particulars wanted to reach at a remaining funding choice and safe full financing for the Venture.

Testing is underway to assist optimize the design of processes together with supplies dealing with, strong/liquid separation, leaching, purification and crystallization.

Current work on the positioning included a geotechnical drilling program of 20 bore holes in each the mine website and course of plant areas to quantify floor circumstances required for the design of constructing foundations. Moreover, a groundwater pumping take a look at is deliberate to find out the supply of contaminated floor water as a possible supply of course of make up water for the plant.

Marketplace for excessive purity manganese merchandise continues to develop

The ultimate funding choice for the Chvaletice Manganese Venture may also depend upon securing offtake agreements with prospects who wish to buy its excessive purity manganese merchandise. As the one sizeable manganese useful resource within the European Union, the Venture is in a robust strategic place.

Buyer curiosity is rising, and discussions proceed with a number of potential offtakers of Chvaletice’s HPM merchandise. “For a lot of potential prospects, the Chvaletice Manganese Venture ticks all of the packing containers,” says Euro Manganese CEO, Marco Romero. “As a recycling venture, we have now the potential to be one of many world’s greenest sources of excessive purity manganese, which can assist auto makers and battery producers meet the EU’s more and more stringent environmental requirements. We anticipate to assist the EU meet its decarbonisation targets, whereas cleansing up a longstanding supply of water air pollution and creating long-term native employment. There’s no different HPM manufacturing alternative like this on the earth.”

Closing funding choice

The Firm’s purpose is to reach at a remaining funding choice (FID) in 2022. If all goes based on plan, the FID could be adopted by the association of venture financing and begin of building, with plant start-up, commissioning and business manufacturing projected for late 2024 or early 2025.

The Venture continues to be topic to COVID-19 pandemic-related dangers, together with journey restrictions, that would impression the Firm’s potential to satisfy its upcoming targets.

About Euro Manganese Inc.

Euro Manganese Inc. is a battery supplies firm whose principal focus is advancing the event of the Chvaletice Manganese Venture, by which it holds a 100% curiosity. The proposed Venture entails re-processing a big manganese deposit hosted in mine tailings from a decommissioned mine, strategically situated within the Czech Republic. The Firm’s purpose is to turn into a number one, aggressive and environmentally superior major producer of ultra-high-purity Manganese Merchandise within the coronary heart of Europe, serving the lithium-ion battery business, in addition to different high-technology purposes.

The technical info on this information launch regarding the Chvaletice Manganese Venture was ready below the supervision of Ms. Andrea Zaradic, P. Eng., a Certified Individual below Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”).  Ms. Zaradic has reviewed and accredited the data on this information launch for which she is accountable and has consented to the inclusion of the issues on this information launch based mostly on the data within the kind and context by which it seems.

Approved for launch by the CEO of Euro Manganese Inc.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) or the ASX accepts accountability for the adequacy or accuracy of this launch.

Media inquiries:
Ron Shewchuk
Director of Communications
(604) 781-2199

E-mail: info@mn25.ca
Web site:
www.mn25.ca

Firm Tackle:
#709 -700 West Pender St.
Vancouver, British Columbia, Canada, V6C 1G8

Ahead-Trying Statements

Sure statements on this information launch represent “forward-looking statements” or “forward-looking info” inside the which means of relevant securities legal guidelines. Such statements and knowledge contain recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, efficiency or achievements of the Firm, its tasks, or business outcomes, to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements or info. Such statements may be recognized by way of phrases comparable to “might”, “would”, “may”, “will”, “intend”, “anticipate”, “imagine”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and different comparable terminology, or state that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will” be taken, happen or be achieved. Such forward-looking info or statements embody, with out limitation, statements concerning the regulatory/allowing progress on the Venture, the completion and timing of the definitive feasibility examine, the timing, set up of the supply and operation of the Demonstration Plant, the Firm’s potential to barter offtake agreements with potential prospects, and to finance the full-scale, business growth of the Venture. Additional, it needs to be famous that no manufacturing choice has been made with respect to the Venture and that such a choice will solely be made based mostly on completion of a constructive feasibility examine, allowing and financing having been secured.

Readers are cautioned to not place undue reliance on forward-looking info or statements. Ahead-looking statements and knowledge contain important dangers and uncertainties, shouldn’t be learn as ensures of future efficiency or outcomes and won’t essentially be correct indicators of whether or not or not such outcomes might be achieved. Numerous components may trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements or info, together with, however not restricted to, the components mentioned below “Dangers Discover” and elsewhere within the Firm’s MD&A, in addition to the shortcoming to acquire regulatory approvals in a well timed method; the potential for unknown or sudden occasions to trigger contractual circumstances to not be glad; sudden adjustments in legal guidelines, guidelines or laws, or their enforcement by relevant authorities; the failure of events to contracts with the Firm to carry out as agreed; social or labour unrest; adjustments in commodity costs; and the failure of exploration applications or research to ship anticipated outcomes or outcomes that may justify and assist continued exploration, research, growth or operations.

Though the forward-looking statements contained on this information launch are based mostly upon what administration of the Firm believes are cheap assumptions, the Firm can not guarantee traders that precise outcomes might be in line with these forward-looking statements. These forward-looking statements are made as of the date of this information launch and are expressly certified of their entirety by this cautionary assertion. Topic to relevant securities legal guidelines, the Firm doesn’t assume any obligation to replace or revise the forward-looking statements contained herein to replicate occasions or circumstances occurring after the date of this information launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements on account of the components set forth within the “Dangers Discover” part and elsewhere within the Firm’s MD&A for the yr ended September 30, 2020 and its Annual Data Kind.

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