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- Deal follows preliminary qualification of high-purity manganese
- Term sheet supports EMN’s project development
- Positioning as secure traceable western source of high-purity manganese
- Targeting North American battery supply chains
Euro Manganese (ASX:EMN) has entered into a non-binding offtake term sheet with 6K Energy for the proposed sale of high-purity electrolytic manganese metal (HPEMM) from the company’s Chvaletice project in the Czech Republic.
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The term sheet follows 6K Energy’s successful testing and preliminary qualification of high-purity manganese produced at Euro Manganese’s demonstration plant. 6K is a leading US-based producer of advanced cathode active materials (CAM).
Euro Manganese president and CEO, Martina Blahova, said the recent technical milestone has provided important customer validation of the material’s quality and suitability for advanced battery-material applications.
“This term sheet represents an important step toward converting customer interest into a long-term commercial relationship. 6K Energy’s successful testing and preliminary qualification of our material provide valuable validation of its quality and suitability for advanced battery-material applications,” Ms Blahova said.
“Chvaletice’s planned ability to produce both high-purity manganese metal and high-purity manganese sulphate would provide customers with flexibility across a range of manufacturing processes and strengthen the project’s relevance to Western supply chains.
“We look forward to advancing negotiations toward a definitive offtake agreement and exploring broader opportunities with 6K Energy, including the potential supply of high-purity manganese intended to meet applicable requirements under the US National Defense Authorisation Act.”
Ms Blahova said the proposed offtake represents an important step in establishing Chvaletice as a secure and traceable source of high-purity manganese for North American battery and advanced- manufacturing supply chains. Euro Manganese and 6K Energy have also agreed to evaluate broader opportunities involving the company’s products and their potential use within 6K Energy’s business.
Initial volumes of HPEMM are expected to be supplied from Euro Manganese’s demonstration plant beginning in 2028, supporting continued qualification and commercial engagement ahead of first commercial production.
EMN was steady at 8.5¢ with a Mkt cap of $12.15M prior to markets opening.
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