ASX Share rice
Tue 11 May 2021 - 06:07:pm (Sydney)

EMN Share Price

EURO MANGANESE INCEMNMaterials

EMN Company Information

Name:

Euro Manganese Inc

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Address:

1040 West Georgia Street Vancouver BC Canada V6E 4H8

Phone:

604-681-1010

Full Time Employees:

10

Pres, CEO & Director:

Mr. Marco Antonio Romero

Chief Financial Officer:

Ms. Martina Blahova

Chief Technology Officer:

Dr. Thomas Gluck Ph.D.

VP of Corp. Devel. & Corp. Sec.:

Mr. Fausto Taddei

Managing Director of Mangan Chvaletice s.r.o.:

Mr. Jan Votava

Strategic & Legal Advisor and Member of Advisory Board:

Mr. Daniel Joseph Rosicky

VP of Operations:

Ms. Andrea Melissa Zaradic

Chief Geologist:

Mr. Gary Dale Nordin

Company Overview:

Euro Manganese Inc. engages in the evaluation, exploration, and development of mineral assets in the Czech Republic. Its principal property is the 100% owned Chvaletice manganese project located to the east of Prague, the Czech Republic, which is involved in the re-processing of a leachable manganese deposit for the production of high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate, as well as other high-purity manganese products. Euro Manganese Inc. was incorporated in 2014 and is based in Vancouver, Canada.

EMN Share Price Information

Shares Issued:

363.59M

Market Capitalisation:

$189.07M

Earnings per Share:

$-0.042

Return On Assets (TTM):

$-0.29

Return On Equity (TTM):

$-0.58

Diluted Earnings Per Share (TTM):

$-0.027

EMN CashFlow Statement

CashFlow Date:

2020-09-30

Investments:

$-10,610

Change To Liabilities:

$-412,060

Total Cashflow From Investing Activities:

$-10,610

Net Borrowings:

$-71,289

Net Income:

$-6,375,493

Total Cash From Operating Activities:

$-5,815,334

Depreciation:

$71.93K

Other Cashflow From Investing Activities:

$-6,740

Change To Account Receivables:

$15.06K

Sale Purchase Of Stock:

$4.54M

Capital Expenditures:

$4.32K

EMN Income Statement

Income Date:

2020-09-30

Income Before Tax:

$-6,375,493

Net Income:

$-6,375,493

Gross Profit:

$-71,928

Operating Income:

$-6,273,458

Interest Expense:

$102.04K

Total Revenue:

$0

Total Operating Expenses:

$6.27M

Cost Of Revenue:

$71.93K

EMN Balance Sheet

Balance Sheet Date:

2020-09-30

Total Liabilities:

$257.49K

Total Stockholder Equity:

$5.55M

Other Current Liabilities:

$20.72K

Total Assets:

$5.81M

Common Stock:

$28.61M

Retained Earnings:

$-25,651,225

Other Assets:

$1.05M

Cash:

$2.73M

Total Current Liabilities:

$217.49K

Property - Plant & Equipment:

$1.61M

Net Tangible Assets:

$5.55M

Total Current Assets:

$3.14M

Long-Term Debt:

$40K

Net Receivables:

$30.08K

Short-Term Investments:

$2.67M

Accounts Payable:

$169.66K

Non Currrent Assets (Other):

$239.53K

Short-Term Investments:

$2.67

Non Current Liabilities Total:

$40K

EMN Share Price History

EMN News

10 May, 2021
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the “Company” or “EMN”) is pleased to announce that, following the approval by its shareholders at a special meeting held on May 5, 2021, it has closed the second tranche (the “Tranche 2 Placement”) of the private placement (the “Offering”) announced on March 22, 2021. The Tranche 2 Placement was comprised of 8,333,334 CHESS Depositary Interests (“CDIs”, with each CDI representing one common share (each a “Share”)) at a price of AUD$0.60 per CDI for aggregate gross proceeds AUD$5 million (approximately CAD$4.8 million). The Tranche 2 Placement consisted of subscriptions for securities issued in excess of the number permitted to be issued by the Company without obtaining prior shareholder approval under Listing Rule 7.1 of the Australian Securities Exchange (“ASX”), such subscriptions being subject to approval by the Company’s shareholders pursuant to Listing Rule 7.1. Aggregate gross proceeds under the Offering were AUD$30.0 million (CAD$29.0 million). Net proceeds of the Offering will be used by the Company to advance its Chvaletice Manganese Project in the Czech Republic (the “Project”). Specifically, proceeds will be used for completing the installation and commissioning of the Company’s high-purity manganese demonstration plant (the “Demonstration Plant”), initial year of operation of the Demonstration Plant, completing the Project’s permitting and feasibility study, for certain scheduled land acquisition payments and for general corporate purposes. The Offering was anchored by a strategic investor and an ESG-focused fund, and also received strong support from several existing institutional shareholders. The Offering also introduced two new institutional investors with a strong positive view on ESG projects and the market opportunity for high-purity manganese in Europe. Canaccord Genuity (Australia) Limited (“Canaccord”) acted as Lead Manager and Bookrunner for the Offering, with Bacchus Capital Advisers Limited (“BCAL”) acting as financial adviser to the Company. Fees payable in cash by the Company in connection with the Offering consisted of payments of AUD$1,222,500 (approximately CAD$1,181,750) to Canaccord and AUD$277,500 (approximately CAD$268,500) to BCAL. Additionally, the Company issued 2,500,000 broker warrants (“Broker Warrants”) to Canaccord. The Broker Warrants are exercisable any time prior to May 10, 2023 and have an exercise price of CAD$0.58 per Share. The CDIs issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Euro Manganese Inc. Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Authorized for release by the CEO of Euro Manganese Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release. Contact: Euro Manganese Inc. Marco A. RomeroFausto TaddeiPresident & CEOVice President, Corporate Development+604-681-1010 ext. 101& Corporate Secretary +604-681-1010 ext. 105 Media inquiries:Ron ShewchukDirector of Communications(604) 781-2199 E-mail: info@mn25.ca Website: www.mn25.ca Company Address: #709 -700 West Pender St.Vancouver, British Columbia, Canada, V6C 1G8 Forward-Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking information or statements include, without limitation, statements regarding the use of proceeds of the Offering, the regulatory/permitting progress at the Project, the completion and timing of the definitive feasibility study, the timing, installation of the delivery and operation of the Demonstration Plant, the Company’s ability to negotiate offtake agreements with potential customers, and to finance the full-scale, commercial development of the Project. Further, it should be noted that no production decision has been made with respect to the Project and that such a decision will only be made based on completion of a positive feasibility study, permitting and financing having been secured. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A, as well as the inability to obtain regulatory approvals in a timely manner; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the Company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth in the “Risks Notice” section and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its Annual Information Form.
05 May, 2021
VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN") is pleased to announce that, at a Special Meeting of shareholders (the "Meeting") held on May 5, 2021, shareholders have approved each of the following resolutions: a) for the purpose of Listing Rule 7.4 of the Australian Stock Exchange ("ASX"), the ratification of the issuance of 41,666,666 CHESS Depositary Interests ("CDIs", with each CDI representing one common share) as part of the closing of the first tranche of a private placement (the "Tranche 1 Placement") of the Company announced on March 22, 2021 (the "Offering"); b) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 8,333,334 CDIs to certain sophisticated and professional investors as part of the closing of the second tranche of the Offering (the "Tranche 2 Placement"); and c) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 2,500,000 broker warrants (the "Broker Warrrants") to Canaccord Genuity (Australia) Limited ("Canaccord"), in connection with Canaccord's remuneration for acting as lead manager of the Offering. In accordance with Listing Rule 3.13.2(d) of the ASX, detailed results of the voting from the Meeting, all of which were carried out and decided by ballot, are set out below. Total VotesVotes For% ForVotes Against% AgainstVotes Withheld/AbstainedResolution 1 – Ratification and approval of issuance of 41,666,666 CDIs under the Tranche 1 Placement79,421,53655,965,48670.466398,5630.50223,057,487Resolution 2 – Approval of issuance of 8,333,334 CDIs under the Tranche 2 Placement79,421,53671,952,54590.596409,0040.5157,059,987Resolution 3 –Approval of issuance of 2,500,000 Broker Warrants to Canaccord79,421,53678,461,81298.792657,7860.828301,938 The Company disregarded the following votes, from the applicable resolutions, as required by Listing Rule 14.11 of the ASX: a) votes cast by any person (or any associates of such person) who participated in the Tranche 1 Placement from Resolution 1; b) votes cast by any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed share issuance under the Tranche 2 Placement (except a benefit solely by reason of being a holder of Shares) from Resolution 2; and c) votes cast by Canaccord (or any associates of Canaccord) who will be receiving Broker Warrants pursuant to Resolution 3. Accordingly, the following voting exclusions applied to each of the resolutions below as required by the rules of the ASX: Resolution 1: Total votes for Resolution 1 exclude nil votes cast by parties participating in the Tranche 1 Placement, which when excluded, results in a total of 79,421,536 Shares being voted in connection with Resolution 1.Resolution 2: Total votes for Resolution 2 exclude nil votes cast by parties participating in the Tranche 2 Placement, which when excluded, results in a total of 79,421,536 Shares being voted in connection with Resolution 2.Resolution 3: Total votes for Resolution 3 exclude nil votes cast by Canaccord which is to be issued Broker Warrants, which when excluded, results in a total of 79,421,536 Shares being voted in connection with Resolution 3. In accordance with ASX Listing Rule 3.13.2(e), the following information is being provided for the aggregate number of securities for which valid proxies were received before the Meeting: Total VotesVotes For% ForVotes Against% AgainstVotes Withheld/AbstainedResolution 1 – Ratification and approval of issuance of 41,666,666 CDIs under the Tranche 1 Placement (1)79,421,53655,965,48670.466398,5630.50223,057,487Resolution 2 – Approval of issuance of 8,333,334 CDIs under the Tranche 2 Placement (2)79,421,53671,952,54590.596409,0040.5157,059,987Resolution 3 –Approval of issuance of 2,500,000 Broker Warrants to Canaccord (3)79,421,53678,461,81298.792657,7860.828301,938 1) Excludes nil votes cast by parties participating in the Tranche 1 Placement. 2) Excludes nil votes cast by parties participating in the Tranche 2 Placement. 3) Excludes nil votes cast by Canaccord (and directors and associates of Canaccord) which is to be issued Broker Warrants. None of the Company appointed proxy holders were able to vote on any of the resolutions in their discretion. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com. About Euro Manganese Inc. Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Authorized for release by the CEO of Euro Manganese Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release. Contact: Euro Manganese Inc.Marco A. Romero President & CEO +604-681-1010 ext. 101 Fausto Taddei Vice President, Corporate Development & Corporate Secretary+604-681-1010 ext. 105 Media inquiries:Ron ShewchukDirector of Communications(604) 781-2199 E-mail: info@mn25.ca Website: www.mn25.ca Company Address: #709 -700 West Pender St.Vancouver, British Columbia, Canada, V6C 1G8
30 Mar, 2021
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Highlights Euro Manganese has closed the first tranche of its recent private placement for gross proceeds of AUD$25 million (approx. CAD$24.2 million). The second tranche to close in early May 2021.The Company has received an initial investment from EIT InnoEnergy of €62,500 (approx. CAD$92,850), the first of three installments with an aggregate value of €250,000.The Company’s eligibility timeline for approx. CAD$27 million in investment incentives in the form of tax credits that were granted by the Czech Republic’s Ministry of Industry and Trade has been extended to 2025.The Company has granted stock options to purchase 2,350,000 shares at CAD$0.61per share. VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce the closing of the first tranche of the AUD$30 million (approximately CAD$29 million) private placement (the "Offering"), the first of three investments by EIT InnoEnergy, an extension to its eligibility timeline on Czech investment incentives, and a grant of stock options. Closing of First Tranche of Offering The Company has closed the first tranche of the Offering, announced on March 22, 2021, which consisted of the sale and issuance of 41,666,666 CHESS Depositary Interests ("CDIs", with each CDI representing one common share (each a "Share")) at a price of AUD$0.60 per CDI for gross proceeds of AUD$25 million (approximately CAD$24.2 million). The second tranche of the Offering, consisting of 8,333,334 CDIs at the same issue price is expected to close in May 2021, subject to and following approval by the Company’s shareholders as required by Listing Rule 7.1 of the Australian Securities Exchange ("ASX"). Net proceeds of the Offering will be used by the Company to advance its Chvaletice Manganese Project in the Czech Republic (the "Project"). Specifically, proceeds will be used for completing the installation and commissioning of the Company’s high-purity manganese demonstration plant (the "Demonstration Plant"), initial year of operating costs of the Demonstration Plant, completing the Project’s permitting and feasibility study, for certain scheduled land acquisition payments and for general corporate purposes. Canaccord Genuity (Australia) Limited ("Canaccord Genuity") is acting as lead manager and bookrunner to the Offering, with Bacchus Capital Advisers Limited ("Bacchus") acting as financial adviser to the Company. In connection with the closing of the first tranche of the Offering, the Company paid Canaccord Genuity and Bacchus cash fees in the aggregate amount of AUD$1.25 million (approximately CAD$1.21 million), representing 5% of the aggregate gross proceeds of the first tranche of the Offering. The securities issued under the first tranche of the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. First EIT InnoEnergy Investment Pursuant to the terms of the Project Support Agreement entered into by the Company and EIT InnoEnergy, and announced on February 22, 2021, the Company has received the first of three investments from EIT InnoEnergy, such instalments having an aggregate value of €250,000. The funds will be used to support ongoing work on the Project’s definitive feasibility study and the commissioning of the Demonstration Plant, which is intended to produce large-scale samples of high-purity manganese for supply chain qualification by prospective customers, including European electric vehicle makers and battery manufacturers. EIT InnoEnergy is a Knowledge and Innovation Community supported by the European Institute of Innovation and Technology. EIT leads the industrial stream of the European Battery Alliance, an initiative launched by The European Commission in October 2017 with the objective to build a strong and competitive battery industry in Europe. The support of EIT is intended to help accelerate the Project’s successful integration into Europe’s electric vehicle (EV) battery value chain. The first investment made by EIT of €62,500 (approximately CAD$92,850) was advanced to the Company on March 24, 2021. Accordingly, the Company will issue 147,380 Shares to EIT at the price of CAD$0.63 per Share being the 10-day volume weighted average stock price on the TSX Venture Exchange ("TSXV") prior to receipt of the first investment. The issuance of such Shares is not expected to occur until early January 2022. The issuance of such Shares remains subject to the approval of the TSXV. In accordance with Canadian securities laws and policies of the TSXV, Shares issued pursuant to EIT will be subject to a four month and one day statutory hold period. Investment Incentive Eligibility Timeline Extension The Company is also pleased to report that its eligibility timeline for certain investment incentives in the Czech Republic has been extended by two years. As originally announced on March 30, 2020, the Company received approval from the Czech Ministry of Industry and Trade for investment incentives on the Project in the form of corporate income tax credits. The credits are to be applied toward Czech corporate income taxes payable on future earnings generated by the Project. Based on eligible Czech-based assets acquired of approximately CZK 2.4 billion (approx. CAN$136 million), such tax credits would amount to approximately CZK 470.3 million (approx. CAD$27 million) over and above normal tax depreciation on such assets. Pursuant to amendments to the Czech Investment Incentives Act resulting from the COVID-19 pandemic, the Czech Government offered extensions to previously granted investment incentives, and the Company applied for and received approval to prolong the deadline for fulfilling the general conditions of the investment incentives by two years, to March 25, 2025. Stock Option Grants The Company has granted stock options (the "Options") to certain officers, employees and consultants to purchase up to an aggregate of 2,350,000 Shares. The Options are exercisable for a term of ten years at an exercise price of CAD$0.61 per Share. The Options will vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the date of grant, except for the Options granted to officers which vest in full five years from the date of grant, and 350,000 Options granted to a consultant which vest one-third on the date of grant and one-third on each of the four and eight-month anniversaries of the date of grant. About Euro Manganese Inc. Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Authorized for release by the CEO of Euro Manganese Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release. Contact: Marco A. RomeroFausto TaddeiPresident & CEOVice President Corp. Development & Corp. Secretary+604-681-1010 ext. 101+604-681-1010 ext. 105 Media inquiries: Ron Shewchuk Director of Communications (604) 781-2199 E-mail: info@mn25.ca Website: www.mn25.ca Company address:1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8 Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements regarding the anticipated closing date the second tranche of the Offering, receipt of shareholder and exchange approvals for the Offering, the use of proceeds of the Offering and the funds advanced by EIT, receipt of additional funding from EIT and TSXV approval for the issuance of Shares to EIT, statements with respect to the continued development of the Project, the completion and timing of the definitive feasibility study, the timing of the delivery and operation of the Demonstration Plant, and the ability of the Company to generate and apply the investment tax credits toward taxes payable in the Czech Republic. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its most recent Annual Information Form. The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
22 Mar, 2021
12:57
Yahoo! Finance
VANCOUVER, BC, March 22, 2021 /CNW/ - Trading resumes in: Company: Euro Manganese Inc.TSX-Venture Symbol: EMN All Issues: YesResumption (ET): 9:30 AM IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AUD$30.0 million (CAD$29.0 Million) private placement oversubscribed, with strong institutional participationProceeds of the Offering will be used to further advance Chvaletice Manganese Project, allowing completion of all site and technical work required for a final investment decision expected in 2022Offering was anchored by a strategic investor and an ESG-focused fund, with strong support from several existing institutional shareholdersDemand for high-purity manganese products continues to grow rapidly, bolstered by recent market developments VANCOUVER, British Columbia, March 22, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce a private placement offering (the "Offering") of 50,000,000 CHESS Depositary Interests ("CDIs", with each CDI representing one common share (each a "Share")) at a price of A$0.60 per CDI, for aggregate gross proceeds of AUD$30.0 million (CAD$29.0 million) (the "Offering"). Net proceeds of the Offering will be used by the Company to advance its Chvaletice Manganese Project in the Czech Republic (the "Project"). Specifically, proceeds will be used for completing the installation and commissioning of the Company’s high-purity manganese demonstration plant (the "Demonstration Plant"), initial year of operation of the Demonstration Plant, completing the Project’s permitting and feasibility study, for certain scheduled land acquisition payments and for general corporate purposes. The Offering was anchored by a strategic investor and an ESG-focused fund, and also received strong support from several existing institutional shareholders. The second tranche of the Offering will be used to introduce two new institutional investors with a strong positive view on ESG projects and the market opportunity for high-purity manganese in Europe. The Company continues its discussions with several potential project partners and customers who are attracted to the unique characteristics of the Chvaletice Manganese Project, including its European location, the high-quality of the manganese products targeted by the company and the exceptional environmental footprint of the Project. The funds raised from the placement and the resulting acceleration of project development initiatives will greatly assist the Company in advancing these discussions. Marco Romero, President and CEO of EMN stated: “We are very pleased to see such strong and high-quality investor interest in this equity offering. We now have the funds required to install, commission and operate our Demonstration Plant and to finalize our Definitive Feasibility Study and Final Environmental Impact Assessment during the next 12 months. This financing will allow us to complete all site and technical work required for a final investment decision expected in 2022.” Mr. Romero continued: “The demand for high-purity manganese products continues to grow and the latest market developments have further improved our prospects. Volkswagen Auto Group recently announced plans to use a high proportion of manganese in the batteries that will be used in the largest segment of its future electric vehicle production1. In addition, EMN has secured support from EU-backed EIT InnoEnergy, which is intended to help us accelerate the Chvaletice Manganese Project and to secure strategic financing and customer offtake agreements. Euro Manganese is clearly in the right place at the right time.” The Offering is intended to close in two tranches, comprising of: Tranche One: consisting of the issuance of 41,666,666 CDIs for aggregate gross proceeds of AUD$25,000,000 (approximately CAD$24.2 million), representing the maximum number of securities that can be issued by the Company under Listing Rule 7.1 of the Australian Securities Exchange ("ASX"), such tranche is expected to close on or about March 30, 2021; andTranche Two: consisting of the issuance of 8,333,334 CDIs for aggregate gross proceeds of AUD$5,000,000 (approximately CAD$4.8 million), representing the number of securities to be issued in excess of the Company’s placement capacity permitted under ASX Listing Rule 7.1, which will be subject to shareholder approval to be sought at the Meeting (as defined below) and such tranche is expected to close as soon as practicable after receipt of shareholder approval. The Company expects to call and hold a special meeting of shareholders in early May 2021 (the "Meeting") to approve the issuance of CDIs under the second tranche of the Offering. The Company expects to file a management information circular in connection with the Meeting in due course. The Offering is subject to the approval of the TSX Venture Exchange ("TSXV"). Canaccord Genuity (Australia) Limited ("Canaccord Genuity") is acting as Lead Manager and Bookrunner to the Offering, with Bacchus Capital Advisers Limited (acting as financial adviser to the Company). Fees payable in cash by the Company in connection with the Offering will be 5% of the aggregate gross proceeds from the Offering. Additionally, Canaccord Genuity will be issued 2,500,000 broker warrants ("Broker Warrants"), representing 5% of the aggregate number of CDIs issued under the Offering, exercisable any time prior to the date that is 24 months from the closing of second tranche of the Offering, with an exercise price of CAD$0.58 per Share. As the number of Broker Warrants exceeds the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1, this issuance, along with the issue of CDIs under the second tranche of the Offering, will also be subject to approval by the Company's shareholders at the Meeting. The securities to be issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Euro Manganese: Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Authorized for release by the CEO of Euro Manganese Inc. Contact: Euro Manganese Inc. Marco A. RomeroFausto TaddeiPresident & CEOVice President, Corporate Development(604) 681-1010 ext. 101 & Corporate Secretary(604) 681-1010 ext. 105 Media inquiries:Ron ShewchukDirector of Communications(604) 781-2199 E-mail: info@mn25.caWebsite: www.mn25.ca Company Address:1500 – 1040 West Georgia Street,Vancouver, British Columbia, Canada, V6E 4H8 Footnote 1 Refer to Volkswagen Group Presentation of March 15, 2021, https://www.volkswagenag.com/presence/investorrelation/publications/presentations/2021/03/2021-03-15_PowerDayVWGroup.pdf Forward-Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Project, the completion of the Offering, the anticipated closing dates of the two tranches of the Offering, receipt of TSXV and ASX approvals for the Offering, the holding of the meeting, the use of proceeds of the Offering, the regulatory/permitting progress at the Project, the completion and timing of the definitive feasibility study, the timing, installation of the delivery and operation of the Demonstration Plant, the Company’s ability to negotiate offtake agreements with potential customers, and to finance the full-scale, commercial development of the Chvaletice Manganese Project. Further, it should be noted that no production decision has been made with respect to the Project and that such a decision will only be made based on completion of a positive feasibility study, permitting and financing having been secured. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors, such as the potential impacts of the ongoing COVID-19 pandemic, could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its most recent Annual Information Form. The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
01 Mar, 2021
Listing on OTCQX market expected to improve access for US investors and increase liquidityVANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) ("Euro Manganese" or the "Company") is pleased to announce that it has chosen to pursue a listing on the US-based OTCQX trading system in response to growing US investor interest in Euro Manganese and its Chvaletice Manganese Project (the “Project”). The listing is expected to allow US-based investors interested in gaining exposure to the electric vehicle (EV) battery raw materials sector to easily purchase Euro Manganese shares on the actively traded OTCQX market. The Project is designed to produce high-purity manganese products for the automotive battery industry and other high-technology applications by reprocessing manganese-rich waste from a decommissioned mine site in the Czech Republic. The Project is developing the only sizeable manganese resource in the European Union. Euro Manganese recently secured the support of EU-backed organization EIT InnoEnergy to assist with the Company’s financing and commercialization activities. CEO Marco Romero says with the agreement of EIT InnoEnergy to help accelerate the Chvaletice Manganese Project’s integration into Europe’s battery supply chain, the Company is another step closer to becoming a key European supplier of high-purity manganese, an essential raw material for EV battery production. “The path ahead for us is clear,” says Romero. “We are moving forward with work on our definitive feasibility study, final environmental impact assessment and the building of a demonstration plant, all currently scheduled for completion by the end of this year, and we continue to field strong interest for our products from potential customers. We are taking this important step to provide US-based investors with an efficient way to trade our shares and invest in Euro Manganese as we develop our battery materials business.” Ron Shewchuk appointed Director of Communications Euro Manganese is also pleased to report that Ron Shewchuk has been appointed as the Company’s new Director of Communications. Shewchuk has served in senior positions in corporate communications, marketing and public relations. An honours graduate of Carleton University’s School of Journalism, he is one of only 58 Canadians to have been awarded the designation of Master Communicator by the International Association of Business Communicators (IABC). Shewchuk has planned and executed communications programs for organizations in the energy, telecommunications, healthcare and forest products industries. Euro Manganese CEO Marco Romero says Shewchuk brings depth of experience and innovation to the new role. “We’re delighted to have Ron on board to lead our communications and investor relations efforts. He has a long, successful history of delivering results for major organizations as well as start-ups. I’m confident he will make a valuable contribution to Euro Manganese as we tell our story to the world.” Selected past EMN news releases for further background: EIT InnoEnergy to support Chvaletice Manganese Project – February 22, 2021Chvaletice Manganese Project Moves to Next Stage of Permitting Process – January 14, 2021Euro Manganese Orders High-Purity Manganese Products Demonstration Plant for Delivery in Summer of 2021 and Provides Update – November 18, 2020 About Euro Manganese Inc. Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Authorized for release by the CEO of Euro Manganese Inc. Contact: Marco A. RomeroRon ShewchukPresident & CEODirector of Communications+604-681-1010 ext. 101+604-781-2199 E-mail: info@mn25.ca Website: www.mn25.ca Company address:1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8 Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Chvaletice Manganese Project, statements regarding the receipt of funding and support services from EIT InnoEnergy, the regulatory/permitting progress at the Project, the completion and timing of the definitive feasibility study, the timing of the delivery and operation of the Demonstration Plant, the Company’s ability to negotiate offtake agreements with potential customers, and to finance the full-scale, commercial development of the Chvaletice Manganese Project, and the Company’s ability to list its shares on the OTCQX Market. Further, it should be noted that no production decision has been made with respect to the Project and that such a decision will only be made based on completion of a positive feasibility study, permitting and financing having been secured. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its most recent Annual Information Form. The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
24 Feb, 2021
VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN") is pleased to announce that shareholders have voted in favor of all matters of business brought before them at the Company's Annual General & Special Meeting of shareholders (the "Meeting") held on February 24, 2021. Detailed results of the voting from the Meeting are set out below. In respect of election of the Company's directors, all five management nominees standing for re-election were elected as set out below based on a vote conducted by ballot: NomineeTotal Votes CastVotes For% ForVotes Withheld (Abstained)% Withheld (Abstained)John Webster88,509,09487,410,67898.761,098,4161.24Marco A. Romero88,509,09470,757,67679.9417,751,41820.06David B. Dreisinger88,509,09488,025,63699.45483,4580.55Gregory P. Martyr88,509,09488,076,31099.51432,7840.49Thomas M. Stepien88,509,09487,949,09199.37560,0030.63 Other matters of business at the Meeting, all of which were also carried out and decided by ballot, were approved as set out below: Total VotesVotes For% ForVotes Against% AgainstVotes Withheld/AbstainedResolution 1 – Setting the number of directors of the Company at five88,509,09488,196,26499.6544,0000.05268,830Resolution 3 – Approval of an increase in directors’ fees to non-executive directors(1)88,509,09485,633,34296.752,400,2622.71475,490Resolution 4 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company88,848,67788,192,26899.26NilNil656,409Resolution 5 – Re-approval of the Company's Stock Option Plan (2)88,509,09486,969,42198.26894,0851.01645,588 (1)In accordance with the rules of the Australian Securities Exchange (the "ASX"), shareholders of the Company also approved the increase in directors’ fees to non-executive directors by a majority of the votes cast, with the 13,458,173 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast was 75,050,921, of which 72,175,169 votes were cast for the resolution, representing 96.17% of the total votes cast, and 2,400,262 votes were cast against the resolution, representing 3.20% of the total votes cast.(2)In accordance with the rules of the ASX, shareholders of the Company also approved the Company's stock option plan by a majority of the votes cast, with the 13,458,173 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast was 75,050,921, of which 73,511,248 votes were cast for the resolution, representing 97.95% of the total votes cast, and 894,085 votes were cast against the resolution, representing 1.19% of the total votes cast. In accordance with ASX Listing Rule 3.13.2(e), the following information is being provided for the aggregate number of securities for which valid proxies were received before the Meeting: NomineeTotal Proxies ReceivedProxy directed to vote ForProxy directed to vote AgainstProxy directed to AbstainedProxy could vote at their discretionResolution 1 – Setting the number of directors of the Company at five88,509,09488,196,26444,000268,830Nil Resolution 2 –Election of directors: John Webster88,509,09487,410,678N/A1,098,416NilMarco A. Romero88,509,09470,757,676N/A17,751,418NilDavid B. Dreisinger88,509,09488,025,636N/A483,458NilGregory P. Martyr88,509,09488,076,310N/A432,784NilThomas M. Stepien88,509,09487,949,091N/A560,003NilResolution 3 – Approval of an increase in directors’ fees to non-executive directors(1)75,050,92172,175,1692,400,262475,490NilResolution 4 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company88,509,09488,192,268Nil656,409NilResolution 5 – Re-approval of the Company's Stock Option Plan (1)75,050,92173,511,248894,085645,588Nil (1)Excludes 13,458,173 votes cast by proxy by directors of the Company. A total of 88,509,094 common shares were voted in connection with the election of the directors and for resolutions 1, 3 and 5 above, representing approximately 27.74% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. A total of 88,848,677 common shares were voted in connection with resolution 4 above, representing approximately 27.85% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com. About Euro Manganese Inc. Euro Manganese Inc. is a Canadian waste recycling company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project, which will be operated by wholly-owned subsidiary, Mangan Chvaletice s.r.o., entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release. Authorized for release by the CEO of Euro Manganese Inc. Contact: Euro Manganese Inc. Marco A. RomeroPresident & CEO+604-681-1010 ext. 101Fausto TaddeiVice President, Corporate Development& Corporate Secretary+604-681-1010 ext. 105 E-mail: info@mn25.caWebsite: www.mn25.ca Company Address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4H8
22 Feb, 2021
EU-backed organization will assist Euro Manganese with strategic financing and offtake agreementsHighlights: Euro Manganese and its wholly owned Czech Republic subsidiary, Mangan Chvaletice, have secured the support of EIT InnoEnergy, a Knowledge and Innovation Community supported by the European Institute of Innovation and Technology. EIT InnoEnergy will marshal its broad network and resources to accelerate the Chvaletice Manganese Project’s successful integration into the European Union’s battery supply chain.The Chvaletice Manganese Project is the only sizeable manganese resource in the European Union, with the potential to provide up to 50% of projected 2025 European demand for high-purity manganese, and 28% of its anticipated 2030 requirements.The Project also brings local environmental and social benefits. As tailings from the decommissioned mine are recycled to produce battery-grade manganese, a longstanding source of water pollution will be eliminated, and high-quality jobs will be created for local communities.To expedite the Project and its benefits to Europe, EIT InnoEnergy will provide an initial funding of €250,000 in the Company that will go towards ongoing work on a detailed feasibility study and demonstration plant, both targeted for completion by the end of 2021.EIT InnoEnergy has agreed to help Euro Manganese secure financing of up to €362 million for the commercial development of the Chvaletice Manganese Project. Potential funding sources include Europe-wide and regional grant programs as well as European project finance and economic development banks.EIT InnoEnergy will further assist Euro Manganese in securing offtake agreements with consumers of high-purity manganese products, including European electric vehicle, battery and cathode manufacturers. VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) ("Euro Manganese" or the "Company") and its wholly owned Czech republic subsidiary, Mangan Chvaletice s.r.o. (“Mangan Chvaletice”), have signed agreements to secure the support of EIT InnoEnergy, a Knowledge and Innovation Community supported by the European Institute of Innovation and Technology. EIT InnoEnergy leads the industrial stream of the European Battery Alliance, an initiative launched by The European Commission in October 2017 with the objective to build a strong and competitive battery industry in Europe. Under the terms of a Project Support Agreement and a Value-Added Services Agreement between the Company and EIT InnoEnergy dated February 22, 2021, EIT InnoEnergy will help accelerate the Company’s Chvaletice Manganese Project’s (the “Project” or “Chvaletice Manganese Project”) successful integration into Europe’s electric vehicle (EV) battery value chain. The Project is designed to produce high-purity manganese products by reprocessing manganese-rich tailings from a decommissioned mine site in the Czech Republic. Chvaletice Project will support Europe’s fast-growing EV industry and bring environmental benefits Diego Pavia, CEO of EIT InnoEnergy, is confident the Chvaletice Manganese Project stands to provide Europe’s fast-growing EV industry with a secure, long-term supply of high-purity manganese. “Euro Manganese’s proposed development is the only sizeable manganese resource in the European Union. It represents a unique opportunity for Europe to secure a measure of self-sufficiency in manganese, which is a critical battery raw material. The Chvaletice Manganese Project has the potential to provide up to 50% of projected 2025 European demand for high-purity manganese, and around 28% of anticipated 2030 requirements.” Mr. Pavia also notes that the Project will deliver significant environmental benefits. “Our society is moving to electric mobility as part of Europe’s green transition, and this project exemplifies the ideals of a sustainable, circular economy. This 25-year project’s low carbon footprint supports Europe’s greenhouse gas reduction goals. By reprocessing existing mining waste located in Europe, the Project is anticipated to 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. By helping Mangan Chvaletice become fully integrated into the European battery value chain, we seek to strengthen the foundation of Europe’s green and electric future.” To expedite the Project and the benefits that it will bring to Europe, EIT InnoEnergy will initially invest €250,000 to help fund ongoing work in the Czech Republic on the Chvaletice definitive feasibility study and the commissioning of a demonstration plant, both currently targeted for completion in late 2021. The demonstration plant is intended to produce large-scale samples of high-purity manganese for supply chain qualification by prospective customers, including European electric vehicle makers and battery manufacturers. An important step forward for the Chvaletice Manganese Project Euro Manganese CEO, Marco Romero, says the Chvaletice Manganese Project offers Europe’s only realistic opportunity to deliver local, primary production of a critical battery raw material for which demand is growing rapidly, driven principally by electric vehicle battery manufacturing. “The Chvaletice Project is Europe’s largest manganese resource and we plan to develop it using clean, commercially proven and state-of-the-art technology,” says Mr. Romero. “We are grateful to have enlisted the support of EIT InnoEnergy and look forward to working with them to bring our project to fruition. By recycling the Chvaletice tailings, our Czech subsidiary, Mangan Chvaletice, will be providing Europe with high-purity manganese products that meet or exceed the EU and Czech Republic’s stringent environmental standards.” EIT InnoEnergy’s services will focus on securing offtake agreements with consumers of high-purity manganese products and supporting strategic financing efforts. EIT InnoEnergy has further agreed to help Euro Manganese secure financing of up to €362 million for the commercial development of the Chvaletice Manganese Project. Potential funding sources include Europe-wide and regional grant programs as well as European project finance and economic development banks. Financial support for the Chvaletice Manganese Project will be conducted through the Business Investment Platform created by the European Battery Alliance. EIT InnoEnergy’s services are non-exclusive, and it will work alongside Euro Manganese’s financial and other advisers. EIT InnoEnergy/Euro-Manganese agreements are part of a growing trend In recent years, EIT InnoEnergy has entered into support agreements with other companies that have the potential to make valuable contributions to the development of Europe’s battery and battery raw materials industry, including innovative Swedish battery maker, Northvolt. European Union support for the development of a European electric vehicle and battery supply chain has been accelerating. The European battery value chain received a major boost on January 26, 2021, with the EU’s approval of a €2.9 billion European research and innovation project. This is the second Important Project of Common European Interest (“IPCEI”) for the industry - a pan-European aid program known as the Battery Innovation Project, some of whose beneficiaries include BASF, UMICORE and Tesla, as well as many others. The new funding builds on an earlier IPCEI for the battery industry, in which a €3.2 billion EU state aid package was announced in 2019. Equity funding details EIT InnoEnergy’s €250,000 equity investment in Euro Manganese will be funded in three tranches over the coming twelve months. Upon receipt of each tranche, EMN shall issue to EIT InnoEnergy such number of common shares of the Company (“Shares”) equal to the amount of the funding tranche expressed in Canadian dollars divided by the volume weighted average trading price of the Shares on the TSX Venture Exchange (“TSXV”) for the ten (10) trading days immediately prior to the date of payment of the funding tranche, subject to the minimum pricing rules of the TSXV. The issuance of Shares to EIT InnoEnergy under the Project Agreement is subject to the approval of the TSXV. Exercise of Warrants In separate news, the Company also reported that on February 4, 2021, warrants to purchase an aggregate of 2,856,750 Shares of the Company were exercised at a price of CAD$0.30 per Share, resulting in proceeds to the Company of CAD$857,025. Pursuant to the warrant exercise, the Company issued 331,750 Shares and 2,525,000 CHESS Depositary Interests (“CDIs”, with each CDI representing one Share). Selected past EMN news releases for further background: Chvaletice Manganese Project Moves to Next Stage of Permitting Process – January 14, 2021Euro Manganese Orders High-Purity Manganese Products Demonstration Plant for Delivery in Summer of 2021 and Provides Update – November 18, 2020Euro Manganese to File Chvaletice Manganese Project Environmental Impact Assessment Notification – June 28, 2020 About EIT and EIT InnoEnergy EIT InnoEnergy is the leading engine for innovation and entrepreneurship in sustainable energy across Europe and beyond. EIT InnoEnergy has provided investments and added value services to some 380 sustainable energy related start-ups, of those 30+ are in storage, including flagship players like Northvolt, a vertically integrated sustainable battery manufacturer, and Skeleton Technologies, a global leader in ultracapacitors who is playing a key role within leading OEMs. Following the mandate of the EU Commission, EIT InnoEnergy is leading the industrial stream of the European Battery Alliance in 2017, a European Commission initiative to build a strong and competitive European battery industry. EIT InnoEnergy was established in 2010, has invested €560 million in sustainable energy innovations and is supported by the European Institute of Innovation and Technology (EIT). For more about EIT InnoEnergy, please visit https://www.innoenergy.com/ About the European Battery Alliance and its Business Investment Platform The European Battery Alliance (“EBA250”) was initiated by the European Commission in 2017 to create a competitive and sustainable battery cell manufacturing value chain in Europe. Its members include the European Commission, the European Investment Bank and key industry stakeholders such as automakers, battery and cathode producers. The Business Investment Platform brings together a wide range of EV industry stakeholders to accelerate the development of a European battery supply chain. Its members include most of the key participants in the EU’s EV and battery industry. The Platform was co-designed by EIT InnoEnergy, public and private financial institutions, and several core industrial partners to shorten the time to investment and reduce related business and investment risks. The full list of industrial, academic and financial partners of the EBA250 may be found at: https://www.eba250.com/about-eba250/network/ For more about the European Battery Alliance, please visit https://www.eba250.com/ About Euro Manganese Inc. and Mangan Chvaletice s.r.o. Euro Manganese Inc. is a Canadian waste recycling company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project, which will be operated by wholly-owned subsidiary, Mangan Chvaletice s.r.o., entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. The technical information in this news release concerning the Chvaletice Manganese Project was prepared under the supervision of Ms. Andrea Zaradic, P. Eng., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Ms. Zaradic has reviewed and approved the information in this news release for which she is responsible and has consented to the inclusion of the matters in this news release based on the information in the form and context in which it appears. Authorized for release by the CEO of Euro Manganese Inc. Contact: Marco A. RomeroRon ShewchukPresident & CEODirector of Communications+604-681-1010 ext. 101+604-781-2199 E-mail: info@mn25.ca Website: www.mn25.ca Company address:1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8 Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements regarding the receipt of funding from EIT InnoEnergy and regulatory approval for the issuance of Shares to EIT InnoEnergy, statements with respect to the continued development of the Chvaletice Manganese Project, statements regarding the regulatory/permitting progress at the Project, the completion and timing of the definitive feasibility study, the timing of the delivery and operation of the Demonstration Plant, the Company’s ability of the Company to negotiate offtake agreements with potential customers, and to finance the full-scale, commercial development of the Chvaletice Manganese Project. Further, it should be noted that no production decision has been made with respect to the Project and that such a decision will only be made based on completion of a positive feasibility study and financing having been secured. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its most recent Annual Information Form. The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
01 Feb, 2021
SAINTE-ANNE-DES-PLAINES, QC, Feb. 1, 2021 /CNW Telbec/ - On January 30 2021, Renée Filion, an inmate from Archambault Institution, died while in our custody of apparent natural causes.
14 Jan, 2021
Project reaches important regulatory milestone with conclusion of initial screening procedureHighlights: * The Czech Republic’s Ministry of the Environment has completed its initial screening procedure for the Chvaletice Manganese Project’s preliminary Environmental Impact Assessment (EIA).   * Euro Manganese can now move forward to the next stages of the permitting process. Public and regulatory feedback from the screening procedure will be incorporated into the Final Environmental Impact Assessment, which is targeted for completion in December 2021.   * A definitive feasibility study for the project is well underway and is also targeted for completion by the end of the year.   * Procurement and fabrication of the Project’s Demonstration Plant is on schedule, with delivery to the Chvaletice site expected in the summer of 2021.VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN") is pleased to announce the conclusion of a six-month screening of its preliminary Environmental Impact Assessment (EIA) conducted by the Czech Ministry of the Environment (the “Ministry”) for the Company’s Chvaletice Manganese Project. The Project is intended to recycle waste from a decommissioned mine in the Czech Republic to produce ultra-high-purity manganese products, principally for electric vehicle batteries. Based on the official notification received from the Ministry, EMN can now move to the next stages of the permitting process for the Project. The Company considers the conclusion of the screening procedure to be an important regulatory milestone, generating valuable stakeholder input that will be addressed in the final design and planning phases of the Project.Key stakeholders were invited by the Ministry to respond to an EIA Notification & Project Description submitted by EMN in the summer of 2020. Input was received from various government bodies, public agencies and regional and local authorities, as well as community members. The main stakeholder concerns relate to the management of increased vehicle traffic and noise, potential impacts to air and water quality, and the preservation of sight lines to a nearby historic site.  “We are pleased with the outcome of this important step in the Chvaletice Manganese Project’s permitting process,” says Euro Manganese CEO, Marco Romero. “We appreciate all the thoughtful input we have received from our stakeholders, and we are confident that we will be able to successfully address their concerns in our detailed plans. Following more than four years of environmental baseline and impact studies, process design and engineering, we purposely provided much more detailed information to the public and regulators about our Project than is normally required at this stage of the permitting process. I am grateful that we were provided with such useful feedback.”Romero credits the Project team based in the Czech Republic for paying great attention to detail, and for actively engaging local authorities and community members early and frequently in the planning process. “The Ministry’s screening procedure was open to the public. The fact that only two submissions from individuals were received speaks volumes to the thoroughness and professionalism of our team’s consultations, the high standards we have applied to the Project design and to the willingness of local residents to positively engage with us.”A definitive feasibility study for the Chvaletice Manganese Project is currently underway and targeted for completion by the end of 2021. Work on the Final Environmental Impact Assessment, which will address the stakeholder and regulatory agency inputs received, is scheduled to begin in mid-2021 and is also expected to be completed by the end of the year.  In the meantime, procurement and fabrication of the Project’s Demonstration Plant remains on schedule, with delivery to the Project site expected in July 2021.  The Demonstration Plant will provide high purity manganese materials for supply chain qualification by EMN’s potential customers. Selected past EMN news releases for further background: * Filing of EIA Notification: https://www.mn25.ca/post/euro-manganese-to-file-chvaletice-manganese-projectenvironmental-impact-assessment-notification * Ordering of the Demonstration Plant: https://www.mn25.ca/post/euro-manganese-nr-2020-30About Euro Manganese Inc.Euro Manganese Inc. is a Canadian waste recycling company, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest.  The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings from a decommissioned mine, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Contact:  Marco A. RomeroRon Shewchuk President & CEODirector of Communications +604-681-1010 ext. 101+604-781-2199 E-mail: info@mn25.ca Website: www.mn25.caCompany address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Chvaletice Manganese Project, statements regrading the regulatory/permitting progress at the Project, the completion and timing of the definitive feasibility study, the completion and timing of Final Environmental Impact Assessment, and the timing of the delivery and operation of the Demonstration Plant.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its most recent Annual Information Form.The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
07 Jan, 2021
VANCOUVER, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce it has closed a non-brokered private placement (the "Placement") of 444,445 common shares in the capital of the Company (the "Shares") at a price of CAD $0.45 per Share. The subscription proceeds of CAD $200,000 will be used for general working capital purposes. Following the closing of the Placement, the Company will have 319,066,332 Shares issued and outstanding. In accordance with Canadian securities laws and policies of the TSX Venture Exchange, the Shares issued pursuant to the Placement are subject to a four month and one day statutory hold period expiring on May 8, 2021. About Euro Manganese: Euro Manganese Inc. is a Canadian waste recycling company, whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in tailings from a decommissioned mine, strategically located in the Czech Republic. EMN's goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Contact:   Euro Manganese Inc.   Marco A. Romero Fausto Taddei  President & CEO Vice President, Corporate Development & Corporate Secretary +1-604-681-1010 ext. 101 +1-681-1010 ext. 105 E-mail: info@mn25.ca    Website: www.mn25.caCompany Address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4H8
18 Nov, 2020
VANCOUVER, British Columbia, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN"), is pleased to provide an update on its 100%-owned Chvaletice Manganese Project (the “Project”) in the Czech Republic:Highlights: * Demonstration Plant order placed. Procurement and fabrication to commence immediately. Sets stage for initiation of Chvaletice high-purity manganese products supply chain qualification process with multiple prospective customers; * All land for Chvaletice commercial plant now secured, with three additional agreements for land purchase and leases, including a second rail line connection; * Demonstration Plant permitted as proposed. Requires no separate Environmental Impact Assessment (EIA) or permitting, other than a building permit; * Dry stacking tailings operation approved without the introduction of additional fees.Mr. Marco Romero, President and CEO of EMN, commented:“We are delighted to report that we have ordered our Demonstration Plant for the Chvaletice Manganese Project. Once commissioned, we expect to begin the test phase of the supply chain qualification process for our high-purity manganese products with multiple potential customers. We have also continued to make steady progress on the regulatory/permitting front, following our filing of the EIA notification in late June. We are also pleased to report the acquisition of three additional, but critically important pieces of land that complete our land assembly for the proposed Chvaletice commercial plant site. These provide additional room and flexibility for the plant layout and will provide us with a second rail connection, through a neighbouring rail siding, to the major line that runs adjacent to our Project.” Demonstration Plant (“DP”)Euro Manganese is pleased to report that it has given the green light for the procurement and fabrication of its Chvaletice Demonstration Plant.The DP is a 7-times scale up of the successful pilot plant that the Company operated in 2018. It is designed as a locked-cycle, semi-batch, manually operated system of interconnected modules that can be utilized as a circuit or as stand-alone components. The DP is intended to replicate the entire process flowsheet proposed in the Project’s 2019 Preliminary Economic Assessment. It will produce around 32 kg/day of high-purity electrolytic manganese metal ("HPEMM"), that can be converted into approximately 100 kg/day of dry crystalline high-purity manganese sulphate monohydrate ("HPMSM").The DP is scheduled to be delivered at the Chvaletice site during the summer of 2021. It will be erected and operated in two existing industrial buildings adjacent to the Chvaletice tailings site, on land that EMN agreed to purchase in October 2018.As previously announced, the Company awarded a fixed-price, turnkey contract for the building, delivery and commissioning of the DP to Changsha Research Institute for Mining and Metallurgy ("CRIMM"). This contract includes performance and completion guarantees, as well as commissioning services and an operator training program. No additional permits are required for the DP other than a building permit.To date, approximately 55% of the DP’s planned first year production of HPEMM and HPMSM has been allocated to five prospective customers for testing, in the context of their supply chain qualification process. Discussions are ongoing with additional potential customers for the allocation of DP products for supply chain qualification. These include several chemical, battery and automotive companies.Upon successful completion of the initial supply chain qualification process by these parties, and subject to a production decision being made based on the results of a feasibility study, the Company plans to enter into long-term commercial offtake arrangements for the supply of its high purity manganese products.Completion of Plant Land Assembly:The Company is pleased to announce that it has agreed to acquire rights to three additional strategic parcels of land, competing its land assembly for the proposed Chvaletice commercial plant: 1. Purchase from Sev.en EC, a.s., the owner of the Chvaletice power plant, a 1,952 m² section of land encompassing Rail Spur no. 1, through which the proposed Chvaletice process plant will be serviced and connected to existing rail infrastructure. This acquisition is particularly important for the Project, as it provides the company with a second rail connection, through the existing rail siding of the neighboring power plant. This is expected to provide greater logistical capacity and flexibility for the project. The cost of the land is CZK 252,762 (approximately CAD$14,320). 2. Purchase from Sprava Nemovitosti Kirchdorfer CZ s.r.o. of a 49,971 m² parcel of land, including a rail spur extension that will provide additional room and flexibility for the definitive Chvaletice commercial plant layout. The cost of the land is CZK 18,739,125 (CAD$1,098,844) and can be paid in five 7.5% annual installments (app. C$80,000), followed by the remaining balance of approximately C$698,844 in the final year. 3. Lease from Galmet Trade, spol s.r.o. of a 3,504 m² right-of-way for a period of 30 years to allow the straightening of a proposed conveyor route. Annual rental will be CZK 60,000 (CAD$3,000) and the Company will retain an option to purchase this land during 2020 and 2021. Regulatory/Permitting:a)   Environmental Impact Assessment Notification As previously reported, the Company filed the Environmental Impact Assessment Notification with respect to the Chvaletice Manganese Project on June 30, 2020, triggering the environmental permitting process for the Project. The Notification has been accepted by the Ministry of Environment and the review process is currently underway. The Notification includes several expert independent studies which were distributed to various local and national authorities as well as three surrounding municipalities for comment.The impacts of the Project on the environment, public health, social and cultural values, in the area of interest, were assessed and evaluated according to Act 100/2001 Coll., which is based on Directive 2011/92/EU of the European Parliament and Council and includes the proposed reprocessing of the historical mining waste, the rehabilitation of the entire area, and the construction and operation of the Chvaletice Process Plant.The environmental impact assessment of the Project is conducted in two stages [Stage 1 - EIA Notification (already filed) and Stage 2 – Final EIA (expected to be submitted in Q2 2021] in order to identify significant impacts early on in the project planning phase to ensure that recommendations from the relevant authorities and municipalities can be incorporated into the development and operating plans, the final EIA, and in the definitive feasibility study that is currently ongoing.b)   Residue Storage The Company also has received confirmation from the Czech Mining Authority that the dry stack tailings (non-magnetic beneficiation tails and process residues) to be placed in the proposed Chvaletice Residue Storage Facility are deemed a “mining waste”, thus allowing the Company to proceed with the proposed dry stacking operation without triggering waste disposal fees.Contracting of UK investor relations and communications firm:Euro Manganese Inc. is also pleased to announce that it has contracted with The Armchair Trader Ltd. (“The Armchair Trader”) for investor relations services in the United Kingdom, including assisting in disseminating press releases, the preparation of reports, and increasing investor awareness amongst the retail and institutional investment community in the UK, Europe and elsewhere. The Armchair Trader provides investment broadcast services for publicly-traded companies, including marketing and media services, and is headquartered in London, UK. Established in 2011, The Armchair Trader provides daily news and analysis to a global network of investors interested in a broad range of asset classes.The agreement between the Company and The Armchair Trader is for a period of six months commencing November 17, 2020, with an option by the Company to extend the services. The Company’s anticipated total cost for the services to be provided by Armchair Trader is $27,000, payable over the term of the agreement. The Armchair Trader has no direct interest in the common shares of the Company.Selected past EMN news releases for further background: * Natura 2000 Positive Environmental Ruling: https://www.mn25.ca/post/euro-manganese-receives-significant-environmental-ruling * Filing of EIA Notification: https://www.mn25.ca/post/euro-manganese-to-file-chvaletice-manganese-projectenvironmental-impact-assessment-notificationAbout Euro Manganese Inc.Euro Manganese Inc. is a Canadian waste recycling company, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Contact: Marco A. Romero Fausto Taddei President & CEO Vice President Corp. Development & Corp. Secretary +604-681-1010 ext. 101 +604-681-1010 ext. 105 E-mail: info@mn25.ca   Website: www.mn25.caCompany address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Chvaletice Manganese Project, statements regrading the regulatory/permitting progress at the Project, and the timing of the delivery, erection and operation of the DP.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2019 and its most recent Annual Information Form.The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
06 Nov, 2020
MODENA, Italy, Nov. 6, 2020 /CNW/ -- On November 6, 1955 the Maserati Tipo 300S, with Juan Manuel Fangio at the wheel, was the first to take the chequered flag at the Venezuela GP, marking the start of two years of major successes that boosted the Trident Brand's reputation at the international level.
28 Oct, 2020
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce the closing today of the first tranche of the private placement (the "Offering") announced on October 21, 2020. The first tranche of the Offering was comprised of 716,384 common shares of the Company ("Shares") and 31,183,616 CHESS Depositary Interests ("CDIs", with each CDI representing one Share), issued at a price of C$0.19 per Share and A$0.20 per CDI, respectively, for aggregate gross proceeds of approximately C$6,061,000.The second tranche of the Offering, consisting of 1,216,862 Shares and 26,883,138 CDIs at the same prices is expected to close in December 2020, subject to and following approval by the Company’s shareholders as required by Listing Rules 10.11.1 and 7.1 of the Australian Securities Exchange ("ASX").The net proceeds of the Offering will be used by the Company to further progress its Chvaletice Manganese Project in the Czech Republic ("Project"), including the purchase, installation and operation of the Demonstration Plant, advancing the Project’s permitting and feasibility study, and for other general corporate purposes.Canaccord Genuity (Australia) Limited ("Canaccord Genuity") is acting as Lead Manager and Bookrunner to the Offering, with Bacchus Capital Advisers Limited (“Bacchus”) acting as financial adviser to the Company. In connection with the closing of tranche one of the Offering, the Company paid Canaccord Genuity and Bacchus cash fees in the amount of approximately C$363,000, representing 6% of the aggregate gross proceeds of tranche one of the Offering. In accordance with Canadian securities laws and policies of the TSXV, Shares issued pursuant to tranche one of the Offering are subject to a four month and one day statutory hold period expiring on March 1, 2021.The Shares and CDIs to be issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Euro Manganese:Euro Manganese Inc. is a Canadian resource developer, whose principal focus is the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant anthropogenic manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications.Authorized for release by the CEO of Euro Manganese Inc.Contact:Euro Manganese Inc.Fausto Taddei Marco A. RomeroVice President, Corporate Development  President & CEO& Corporate Secretary +604-681-1010 ext. 101+604-681-1010 ext. 105 E-mail: info@mn25.ca     Website: www.mn25.ca Company Address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4H8Forward-Looking StatementsCertain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking information or statements include, without limitation, statements regarding the completion of the second tranche of the Offering and the use of proceeds of the Offering.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2019 and its most recent Annual Information Form.The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
21 Oct, 2020
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES * C$11.4 Million (A$12.0 million) private placement oversubscribed, with strong institutional participation * Euro Manganese to place order for its demonstration plant immediatelyVANCOUVER, British Columbia, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce a private placement financing (the "Offering") of 1,933,246 common shares ("Shares") and 58,066,754 CHESS Depositary Interests ("CDIs", with each CDI representing one Share), at a price of C$0.19 per Share or A$0.20 per CDI, for aggregate gross proceeds of approximately C$11.4 million (A$12.0 million) (the "Offering"). Net proceeds of the Offering will be used by the Company to further progress its Chvaletice Manganese Project in the Czech Republic (the “Project”), including the purchase, installation and operation of the Demonstration Plant, advancing the Project’s permitting and feasibility study, and for general corporate purposes. The issue was oversubscribed and received strong support from both new and existing shareholders, including a number of new institutional and specialist resources investment funds.Marco Romero, President and CEO of EMN stated: “We are very pleased to see such strong investor interest in this equity offering. It will provide us the capital to accelerate progress at our Chvaletice Manganese Project and will allow us to push ahead with the project permitting, the feasibility study, and to initiate the testing phase of the supply chain qualification of our high-purity manganese products. We will place the order for our demonstration plant immediately.”The Offering is intended to close in two tranches, comprising of: * Tranche One: 716,384 Shares and 31,183,616 CDIs for aggregate gross proceeds of approximately C$6,061,000, expected to close on or about October 28, 2020; and * Tranche Two: 1,216,862 Shares and 26,883,138 CDIs for aggregate gross proceeds of approximately C$5,339,000, which will be subject to shareholder approval as required by Listing Rules 7.1 and 10.11.1 of the Australian Securities Exchange ("ASX") to be sought at the Meeting (as defined below) to be held by the Company in December 2020.Tranche One is comprised of the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1. Tranche Two is comprised of (i) subscriptions for 1,040,265 Shares and 26,883,138 CDIs for aggregate gross proceeds of C$5,305,447 to be issued in excess of the number permitted under ASX Listing Rule 7.1, which are subject to approval by the Company’s shareholders; and (ii) subscriptions by related parties of the Company (consisting of directors of the Company and companies controlled by directors of the Company) for 176,597 Shares for aggregate gross proceeds of C$33,553, which are subject to approval by the Company’s shareholders as required by ASX Listing Rule 10.11.1. The Company expects to call and hold a special meeting of shareholders in December 2020 (the "Meeting") to approve the issuance of Shares and CDIs in Tranche Two. The Company expects to file a management information circular in connection with the Meeting in due course. The Offering is subject to the approval of the TSX Venture Exchange ("TSXV").Canaccord Genuity (Australia) Limited ("Canaccord Genuity") is acting as Lead Manager and Bookrunner to the Offering, with Bacchus Capital Advisers Limited (acting as financial adviser to the Company). Fees payable in cash by the Company in connection with the Offering will be 6% of the aggregate gross proceeds from the Offering.Additionally, Canaccord Genuity will be issued 6,000,000 broker warrants ("Broker Warrants") exercisable any time prior to the date that is 36 months from the closing of Tranche Two of the Offering, with one-half of such Broker Warrants having an exercise price of C$0.30 per share and one-half of such Broker Warrants having an exercise price of C$0.35 per share. As the Broker Warrants will be issued in excess of the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1, this issuance, along with Tranche 2, will also be subject to approval by the Company's shareholders at the Meeting. In accordance with Canadian securities laws and policies of the TSXV, Shares issued pursuant to the Offering will be subject to a four month and one day statutory hold period.Insiders of the Company are expected to subscribe for an aggregate of 227,913 Shares under the Offering. The issuance of Shares and CDIs to insiders of the Company pursuant to the Offering is considered a related party transaction under Canada’s Multilateral Instrument 61-101. The Company will be relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 on the basis that participation in the Offering by insiders does not exceed 25% of the fair market value of the Company.The securities to be issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Demonstration Plant to Proceed Immediately:The Demonstration Plant ("DP") is a key element of EMN’s Chvaletice development strategy, allowing EMN to build upon the successful past metallurgical test work and pilot plant testing, which products to date have met and in some cases exceeded the ultra-high purity manganese specifications required by the most demanding high-tech customers. The DP will be delivered via a fixed-price turnkey EPC contract, accelerating the Company’s supply chain qualification process with major parties within the European and global lithium-ion battery industry.The Company’s technical team has completed the basic design, engineering, planning and permitting of this high-purity electrolytic manganese metal (“HPEMM”) and high-purity manganese sulphate monohydrate (“HPMSM”) demonstration plant for the Project, so that it can produce multi-tonne, high-purity manganese finished product samples for customer testing.The DP design is a 7-times scale-up of the Project’s successful pilot plant built in 2018. The DP is designed as a locked-cycle, semi-batch, manually operated system of eleven interconnected modules that can be utilized as a circuit or as stand-alone components. The DP will be located in two existing buildings adjacent to the Chvaletice tailings site and produce up to 100 kg/day of dry crystalline HPMSM made from approximately 32 kg of HPEMM.About Euro Manganese:Euro Manganese Inc. is a Canadian resource developer, whose principal focus is the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant anthropogenic manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications.Authorized for release by the CEO of Euro Manganese Inc.Contact: Euro Manganese Inc.  Marco A. Romero President & CEO (604)-681-1010 ext. 101 Fausto Taddei Vice President, Corporate Development & Corporate Secretary (604)-681-1010 ext. 105 E-mail: info@mn25.ca Website: www.mn25.caCompany Address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4H8Forward-Looking StatementsCertain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Project, the completion of the Offering, the anticipated closing dates of the two tranches of the offering, receipt of TSXV and ASX approvals for the Offering, the holding of the Meeting and the use of proceeds of the Offering.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2019 and its most recent Annual Information Form.The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
23 Sep, 2020
VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN") wishes to address, for the benefit of its non-Australian shareholders and investors, the reasons for the trading halt on the Australian Securities Exchange ("ASX") and its response to the price query letter received from the ASX in connection with the trading of EMN’s CHESS Depositary Interests ("CDIs", with each CDI representing one Common Share) during Wednesday, September 23, 2020. Following the unusually high volume and price levels traded on the ASX during Wednesday’s trading session, the ASX paused trading in the Company’s CDI’s, contacted the Company and advised it to request a voluntary trading halt in order to allow the ASX to issue a price query letter that the Company was advised would be issued.In response to the ASX’ price query letter, the Company confirmed that it was not aware of any information concerning it that has not been announced to the market which, if known by some market participants, could explain the increase in that day’s share price and volume; and that it was in compliance with the ASX Listing Rules, and in particular, Listing Rule 3.1 entitled Continuous Disclosure.Further, the Company’s response to the ASX included the following:“Euro Manganese considers that the increase in share price in today’s trading may be a reaction to a presentation held Tuesday afternoon Pacific Time, 22 September 2020 by Tesla Inc.’s CEO, Elon Musk, at the company’s 2020 Annual Meeting of Stockholders & Battery Day. During this presentation, Mr. Musk disclosed several technological advances it proposes to implement to materially lower the cost of producing lithium-ion batteries and electric vehicles, including Tesla’s plan to begin manufacturing at a very large scale an innovative type of lithium-ion battery with a cathode that contains around 33% manganese, made directly from manganese metal. Tesla also disclosed that it intends to build its own cathode factory and to purchase raw materials directly from mining companies. Until now, Tesla had used EV batteries manufactured by third parties, such as Panasonic, using principally an NCA formulation, which contains no manganese. The introduction of manganese in Tesla batteries is expected to result in a material increase in high-purity manganese demand. The Tesla presentation can be viewed at: https://www.tesla.com/2020shareholdermeeting”The response to the ASX also stated: “For over five years, Euro Manganese has been advancing the development of the Chvaletice manganese Project, Europe’s largest manganese deposit, which is contained in historical mine tailings. Euro Manganese plans to produce battery-grade, high-purity manganese products, including high-purity manganese metal. The proposed plant, which is currently undergoing an environmental permitting process, is designed to produce approximately 50,000 tonnes per annum of high-purity manganese products made by recycling waste. Subject to completion of a feasibility study, to securing financing and to making a final investment decision, the Chvaletice plant is expected to become a major primary producer of high-purity manganese products in Europe, with the flexibility to produce both manganese metal and manganese sulphate. EMN is not aware of any other explanation for recent trading in its securities.”About Euro Manganese Inc.Euro Manganese Inc. is a Canadian resource developer, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications.Authorized for release by the CEO of Euro Manganese Inc.Contact: Marco A. Romero  President & CEO  +604-681-1010 ext. 101Fausto Taddei Vice President Corp. Development & Corp. Secretary +604-681-1010 ext. 105 E-mail: info@mn25.ca    Website: www.mn25.ca Company address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Chvaletice Manganese Project, and any increase in demand for high-purity manganese, and that such an increase in demand for high-purity manganese could occur as a result of Tesla’s innovations.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2019 and its most recent Annual Information Form.The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
* Tom Stepien, CEO & Co-founder of Primus Power, appointed to EMN’s Board of Directors * Andrea Zaradic promoted to Vice President, Operations * Thomas Glück appointed Chief Technology OfficerVANCOUVER, British Columbia, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the “Company”) is pleased to announce that following a comprehensive search process, Mr. Tom Stepien has been appointed as a director of the Company, that Ms. Andrea Zaradic P.Eng., has joined the Company as Vice President, Operations, and that Dr. Thomas Glück has been appointed EMN’s Chief Technology Officer. All appointments are effective September 22, 2020. Tom Stepien has over 30 years of global high technology management, operations and engineering experience at small and large companies. He is currently CEO of Primus Power, a battery energy storage company headquartered in California’s Silicon Valley. Prior to co-founding Primus, he was a Vice President at semiconductor equipment manufacturer Applied Materials. Tom earned a BS and MS in Mechanical Engineering from the Massachusetts Institute of Technology, is a co-inventor on numerous patents, and a frequent speaker at energy conferences. He brings an international perspective, having led diverse teams in several countries.Mr. John Webster, Interim Chairman of EMN, stated:“We are very pleased to have been able to attract an executive of Tom’s calibre to our Board. His depth of knowledge and his network in the energy storage industry fit well with our growth plans. His experience will be invaluable as we prepare the Chvaletice Manganese Project for commercial development and financing, complete its feasibility study and make a final investment decision. We feel strongly that Tom’s proven leadership abilities and impressive technical and entrepreneurial experience are ideally suited to work with our Board as we strive to create value for our shareholders.”In connection with the appointment of Mr. Stepien, he has been granted stock options to purchase 500,000 common shares of the Company, exercisable for a term of ten years at an exercise price of C$0.125 per common share. The options will vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the date of grant.Andrea Zaradic has been working for EMN since April 2019 as a Project Director, responsible for the Chvaletice Manganese Project’s feasibility study and other special projects. She has over 30 years of experience in corporate, project and business development in the mining and renewable energy industries. She has worked throughout the Americas, Africa, Asia and Europe. Some of previous senior roles include: CEO of Northair Silver, until its merger with Kootenay Silver; VP Operations and Development for Magma Energy Corp. a geothermal energy producer, until its merger of Magma and Plutonic to form Alterra Power Corp.; Construction and Senior Process Operations Engineer for BHP Billiton, where she was a lead engineer in the successful development of the Ekati diamond mine; and Manager of Infrastructure Development for Canico Resource Corp. on the Onca Puma nickel project in Brazil. She currently serves on the boards of Kootenay Silver and Reservoir Capital. Andrea holds a M.A.Sc. degree in mechanical engineering from the University of British Columbia and is a registered Professional Engineer in the provinces of BC and Ontario.Dr. Thomas Glück, who has been EMN’s Vice Present, Project Development, since January 2018, and a manganese processing consultant to the company since 2016, has been appointed as the Company’s Chief Technology Officer. Dr Glück is a chemical engineer with over 30 years of in-depth experience in the design, development and operation of high-purity manganese processing plants. He has played a key role in the evaluation, planning and design of the process flowsheet of the Chvaletice Manganese Project.Mr. Marco Romero, President and CEO of EMN, commented:“We are delighted to promote Andrea Zaradic to the key senior management position of Vice President, Operations. Her strong technical, leadership and project management skills have been clearly in evidence since she joined our team in early 2019. She is perfectly suited for this role as we enter the exciting and demanding next phase of the Chvaletice Manganese Project development.”  “We are also very pleased that Thomas Glück has assumed the role of Chief Technology Officer. He has been a valuable member of our team for four years and will now focus his attention on the technological aspects that are critical to the success of the project. He will support our team to achieve excellence in its mission to competitively produce exceptional quality manganese products, made in the most sustainable manner.” About Euro Manganese Inc.Euro Manganese Inc. is a Canadian resource developer, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Contact:     Marco A. RomeroFausto Taddei President & CEOVice President Corp. Development & Corp. Secretary +604-681-1010 ext. 101+604-681-1010 ext. 105 E-mail: info@mn25.ca    Website: www.mn25.caCompany address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8Forward Looking Statements Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the Project to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.Such forward-looking information or statements relate to future events or future performance about the Company and its business and operations, which include, among other things, statements with respect to the continued development of the Chvaletice Manganese Project.Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A for the year ended September 30, 2019 and its most recent Annual Information Form.The forward-looking statements contained in this news release are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
22 Sep, 2020
VANCOUVER, British Columbia, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company") today announced that, pursuant to ASX Listing Rule 3.10A, the following restricted securities will be released from escrow: Security DescriptionNumberDate of Release Common Shares25,770,56902 October 2020 Options to purchase Common Shares7,175,00002 October 2020 Warrants to purchase Common Shares5,756,75002 October 2020     A portion of the Common Shares includes 2,816,111 CHESS depositary interests ("CDIs", with each CDI representing one Common Share) which will be quoted on the ASX following release from escrow. The remaining Common Shares, Options and Warrants will not be quoted on the ASX. The Company confirms that some or all of these securities may be quoted on TSX-V in accordance with its rules.About Euro Manganese Inc.Euro Manganese Inc. is a Canadian mineral resource company, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Contact:                     Marco A. Romero President & CEO +604-681-1010 ext. 101  Fausto Taddei Vice President Corp. Development & Corp. Secretary +604-681-1010 ext. 105     E-mail: info@mn25.ca    Website: www.mn25.ca Company address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8
11 Sep, 2020
VANCOUVER, British Columbia, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN"), announces that the Company has granted stock options to its directors, officers and employees to purchase up to an aggregate of 3,950,00 common shares of the Company.  Of these, 1,653,000 have been granted to directors, 783,000 have been granted to officers and 1,514,000 have been granted to employees and consultants. The stock options are exercisable for a term of ten years at an exercise price of $0.11 per common share. The options will vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the date of grant. About Euro Manganese Inc.Euro Manganese Inc. is a Canadian mineral resource company, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest.  The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.Contact: Marco A. Romero  President & CEO  +604-681-1010 ext. 101Fausto Taddei Vice President Corp. Development & Corp. Secretary +604-681-1010 ext. 105 E-mail: info@mn25.ca   Website: www.mn25.ca Company address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8
25 Aug, 2020
VANCOUVER, British Columbia, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (“EMN” or the "Company") is pleased to announce that it has contracted with S3 Consortium Pty Ltd. doing business as StocksDigital (“StocksDigital”) for digital investor relations services in Australia, including assisting in disseminating press releases and increasing investor awareness amongst the retail and institutional investment community in Australia and elsewhere. StocksDigital provides digital investor relations services for publicly-traded companies, including marketing and media services, and is headquartered in Melbourne, Victoria, Australia. StocksDigital owns and operates a number of investor focused websites including nextinvestors.com, finfeed.com and wise-owl.com. StocksDigital also owns a digital publisher network amplicat.com. The agreement between the Company and StocksDigital is for a period of twelve months commencing August 25, 2020. The Company’s anticipated total cost for the services to be provided by StocksDigital is AUD $130,000, payable over the term of the agreement.  StocksDigital has a direct interest in 3,076,923 common shares of the Company.About Euro Manganese Inc.Euro Manganese Inc. is a Canadian mineral resource company, whose principal focus is advancing the evaluation and development of the Chvaletice Manganese Project, in which it holds a 100% interest.  The proposed Project entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.Authorized for release by the CEO of Euro Manganese Inc.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Contact:  Marco A. RomeroFausto Taddei  President & CEO  Vice President Corp. Development & Corp. Secretary +604-681-1010 ext. 101 +604-681-1010 ext. 105 E-mail: info@mn25.ca   Website: www.mn25.caCompany address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada V6E 4H8