Euro Manganese’s Chvaletice Manganese Project Selected as a Project
for Support under Inter-Governmental Minerals Security
Partnership
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt:
E06) (the "Company" or "EMN") is pleased to confirm its Chvaletice
Manganese Project ("Chvaletice" or the "Project") in the Czech
Republic has been announced as a project to be supported under the
inter-governmental Minerals Security Partnership ("MSP"). The MSP
is a collection of 13 countries and the European Union (the
"Partners"), representing over 50 percent of global GDP, that aims
to catalyze public and private sector investment to build diverse,
secure and responsible critical mineral supply chains globally.
Highlights
- The MSP met in
London yesterday to discuss responsible investment in critical
minerals, with the aim of strengthening collaboration between the
MSP and the global financial community.
- The MSP
announced the Partners are working to advance 17 projects that have
a high potential to contribute to the development of responsible
critical mineral supply chains and that demonstrate high
environmental, social and governance ("ESG") standards.
- Chvaletice is
the only manganese project within the 17 projects, and Euro
Manganese is one of only three companies specifically named by the
MSP, referencing Chvaletice and recognising the potential of the
Company’s Bécancour project in Quebec.
- The projects are
to receive support by leveraging the collective financial and
diplomatic resources of the MSP’s 14 Partners and private sector
financiers partnering with the MSP, to drive responsible investment
in critical minerals projects.
-
Chvaletice’s inclusion in the MSP demonstrates the Project’s
adherence to leading ESG standards, exemplifying the MSP’s
Principles for Responsible Critical Minerals Supply Chains.
- Sponsorship by
the EU and Canada, and selection as a strategic project indicates
high-level inter-governmental support from the MSP Partners for the
Chvaletice Project. The Project’s nomination was supported by the
Czech Republic.
- The EU and
Canada are closely engaged on Chvaletice through the MSP and
through their bilateral strategic partnership on raw materials,
bringing an increased level of awareness of both Chvaletice and
Bécancour projects amongst MSP Partners and private sector
financial entities.
Dr. Matthew James, President & CEO of Euro
Manganese, commented:
“To be selected as a critical project by the
Minerals Security Partnership further reinforces the importance of
the Chvaletice Manganese Project. The MSP support, together with
the ability to leverage the collective financial and diplomatic
resources of the MSP Partners as well as private sector financiers
partnering with the MSP, is a great opportunity for the Company.
Chvaletice, as the only manganese resource in Europe, and
Bécancour, as the sole high-purity manganese processing project in
Quebec, will be key links in the development of sustainable and
transparent western battery supply chains. Equally, being selected
as one of the initial projects by the MSP recognizes the superior
environmental social and governance credentials of Chvaletice. I
look forward to continuing to work with the MSP Partners and
private sector financial entities, to catalyze support and funding
to advance these critical battery-raw materials projects.”
About the Minerals Security
Partnership
The MSP is a collection of 14 partners that aim
to catalyze public and private sector investment in responsible
critical mineral supply chains globally. The MSP aims to accelerate
the development of diverse and sustainable critical energy minerals
supply chains through working with host governments and industry to
facilitate targeted financial and diplomatic support for strategic
projects along the value chain.
MSP Partners include Australia, Canada, Finland,
France, Germany, India, Italy, Japan, Norway, the Republic of
Korea, Sweden, the United Kingdom, the United States, and the
European Union (represented by the European Commission). The
MSP operates through a collection of project-focused working groups
that engage project proponents, evaluate project compatibility with
ESG standards and MSP strategic objectives, and assess potential
modes of MSP support.
The MSP’s Principles for Responsible Critical
Minerals Supply Chains include:
- Responsible stewardship of the
natural environment;
- Engaging in consultative and
participatory processes regarding land access and acquisition;
- Commitment to meaningful, ongoing
consultation with communities;
- Ensuring safe, fair, inclusive, and
ethical conditions in the community and workplace;
- Providing economic benefit for
workers and local communities; and
- Ensuring transparent, ethical
business operations.
For more information about the MSP:
https://www.state.gov/minerals-security-partnership/
About Euro Manganese
Euro Manganese is a battery materials company
focused on becoming a leading producer of high-purity manganese for
the electric vehicle industry. The Company is advancing development
of the Chvaletice Manganese Project in the Czech Republic and
exploring an opportunity to produce battery-grade manganese
products in Bécancour, Québec.
The Chvaletice Project is a unique
waste-to-value recycling and remediation opportunity involving
reprocessing old tailings from a decommissioned mine. It is also
the only sizable resource of manganese in the European Union,
strategically positioning the Company to provide battery supply
chains with critical raw materials to support the global shift to a
circular, low-carbon economy.
Euro Manganese is dual listed on the TSXV and
the ASX, and is also traded on the OTCQX.
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.
Inquiries
Dr. Matthew JamesPresident &
CEOmjames@mn25.ca
Louise BurgessSenior Director, Investor
Relations & Communications+1 (604) 312-7546lburgess@mn25.ca
Company Address: #709 -700 West Pender St.,
Vancouver, British Columbia, Canada, V6C
1G8Website: www.mn25.ca
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 Chvaletice
Project, 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, but are not limited to, statements regarding the Company’s
intentions regarding the development and advancement of the
Chvaletice Project in the Czech Republic and the Bécancour Project
in Quebec, continuing support from MSP and its Partners, that the
Chvaletice and Bécancour projects will be successful in leveraging
the collective financial and diplomatic resources of the MSP’s 14
Partners and private sector financiers partnering with the MSP, and
that Chvaletice and Bécancour will be key links in the development
of sustainable and transparent western battery supply chains.
Readers are cautioned not to place undue
reliance on forward-looking information or statements.
Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
All forward-looking statements are made based on
the Company's current beliefs including various assumptions made by
the Company, including that: the Company can achieve its goals;
that the political and community environment in which the Company
operates in will continue to support the development and operation
of the Company’s projects; and assumptions related to the factors
set out herein. Factors that could cause actual results or events
to differ materially from current expectations include, among other
things, risks and uncertainties related to the availability of
acceptable financing; the ability to obtain, amend, or maintain
necessary licenses, or permits; risks related to acquisition of
surface rights; changes in laws or regulations; and regulation by
various governmental agencies. For a further discussion of risks
relevant to the Company, see "Risk Factors" in the Company's annual
information form for the year ended September 30, 2022, available
on the Company's SEDAR profile at www.sedar.com.
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.
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