- Euro Manganese (EMN) advises the permitting process, demonstration plant, feasibility study and commercial negotiations remain on track for its Chvaletice Project in the Czech Republic
- The project is designed to produce high-purity manganese products by reprocessing tailings from a decommissioned mine near Prague
- EMN is closing in on finishing the Final Environmental and Social Impact Assessment, with completion expected in early 2022
- Around 97 per cent of equipment for the demonstration plant has been procured, with the plant expected to be up and running next year
- EMN advises offtake discussions continue and the definitive feasibility study for Chvaletice is on track to be finished in Q1 2022
- Shares in Euro Manganese are up 10.8 per cent at 51.5 cents each
Euro Manganese (EMN) advises the permitting process, demonstration plant, feasibility study and commercial negotiations remain on track for its Chvaletice Project.
The project in the Czech Republic is designed to produce high-purity manganese products by reprocessing manganese-rich tailings from a decommissioned mine near Prague.
The company recently completed a $30 million capital raise for the project and today advises that it’s on track to finish its Final Environmental and Social Impact Assessment in early 2022.
Around 97 per cent of plant equipment for the Chvaletice Manganese Project’s Demonstration Plant has been procured, with the plant expected to be up and running next year as well.
EMN also advises commercial offtake discussion are continuing, with CEO Marco Romero stating there were many people interested.
“For many prospective customers, the Chvaletice Manganese Project ticks all the boxes,” he said.
“As a recycling project, we have the potential to be one of the world’s greenest sources of high purity manganese, which will help automakers and battery
manufacturers meet the EU’s increasingly stringent environmental standards.
“We expect to help the EU meet its decarbonisation goals, while cleaning up a longstanding source of water pollution and creating long-term local employment.”
The company is expecting to have a definitive feasibility study for Chvaletice completed in Q1 2022, at which point they will arrive at a final investment decision.
Shares in Euro Manganese are up 10.8 per cent at 51.5 cents each at 11:45 am AEST.