Euro Manganese secures the extension of the development of Chvaletice

Strong points:

  • Euro Manganese’s wholly-owned subsidiary, Mangan Chvaletice sro, has obtained an extension of its Chvaletice exploration permits until May 31, 2026.
  • Mangan Chvaletice also obtained a new preliminary mining permit, also valid until May 31, 2026.
  • Licensing agencies consulted with local communities on the extensions, and there were no objections to granting these rights.
  • The favorable authorization decisions taken by the Czech Ministry of the Environment represent a continued vote of confidence in Euro Manganese’s development plans for Chvaletice.

VANCOUVER, British Columbia, July 20, 2021 (GLOBE NEWSWIRE) – Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF) (the “Company” or “REM“) is pleased to announce that its wholly owned subsidiary, Mangan Chvaletice sro, (“Mangan“) has obtained extensions of its exclusive resource development rights related to the Company’s Chvaletice Manganese project (“Project“).

On July 2, 2021, Mangan received a notice from the Czech Ministry of the Environment (the “Ministry”) That its exploration permits have been extended for three years until May 31, 2026. The first exploration concession was granted in 2014, when exploration and appraisal work began on the project site . The extension allows work to continue on all aspects of manganese resource development, including tailings extraction for the project’s demonstration plant (“DP“), scheduled for entry into service in the first quarter of 2022.

On July 20, 2021, the ministry also granted Mangan a new preliminary mining license, valid until May 31, 2026. The license secures Mangan’s exclusive rights to the Chvaletice tailings resources and the Company’s right to conduct the final environmental and social impact assessment of the project, which is expected to be completed and filed with the permitting authorities in the first quarter of 2022. The existing permit was due to expire in 2023.

The opportunity to extend Chvaletice’s resource development rights until 2026 has been made possible by the Czech licensing agencies in recognition of the potential benefits the project will bring, as well as the delays and challenges that have been caused. by the COVID-19 pandemic. Licensing agencies consulted with local communities on the extensions, and there were no objections to granting these rights.

Exploration licenses and the preliminary mining permit are expected to be replaced by leases and mining permits for the project, subject to the approval of the final environmental and social impact assessment.

“Our project team has worked diligently to develop strong lines of communication and gain the trust and cooperation of regulatory agencies, community stakeholders and all levels of government,” said the CEO of Euro Manganese, Marco Romero. “The extension of our mining rights by the Ministry of the Environment is clear proof of the solid relations and reputation that we have built, as well as of the respectful and collaborative approach which governs all our relations with the parties. stakeholders. In addition, these extensions give us ample time to complete the work on the project against our ultimate goal of start-up, commissioning and commercial production in late 2024 / early 2025. ”

The Chvaletice Manganese project continues to progress steadily as the demand for high purity manganese continues to increase in Europe and globally. The restart of the pilot plant, which will provide small samples of high purity manganese products to potential customers, is proceeding as planned, with sample delivery scheduled for later this year. Construction of the project demonstration plant is well advanced. The DP is designed to produce large-scale product samples for supply chain qualification purposes. Deliveries are expected to begin in the first quarter of 2022. Work is also progressing well on the final feasibility study of the projects and the final environmental and social impact assessment, both nearing completion in the first quarter of 2022.

In addition to supporting the objectives of decarbonization of the EU, electrification of mobility and the creation of a circular economy, the project brings local environmental and social benefits. As tailings from the decommissioned mine are recycled to produce battery-grade manganese, a long-standing source of water pollution will be eliminated and high-quality jobs will be created for local communities.

Selection of previous EMN press releases for more information:

About Euro Manganese Inc.

Euro Manganese Inc. is a battery materials company whose main objective is to advance the development of the Chvaletice Manganese project, in which it has a 100% stake. The proposed project involves the reprocessing of a large manganese deposit hosted in the tailings of a decommissioned mine, strategically located in the Czech Republic. The Company’s objective is to become a leading, competitive and environmentally friendly primary producer of ultra-high purity manganese-based products in the heart of Europe, serving the lithium battery industry. ion, as well as other high-tech applications.

The technical information contained in this press release regarding the Chvaletice Manganese project has been prepared under the supervision of Ms. Andrea Zaradic, P. Eng., A Qualified Person under National Instrument 43-101 Disclosure Standards for mining projects (“NI 43-101”). Ms. Zaradic has reviewed and approved the information in this press release for which she is responsible and has consented to the inclusion of the questions in this press release based on the information in the form and context in which it appears.

Authorized for distribution by the CEO of Euro Manganese Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the ASX accepts responsibility for the adequacy or accuracy of this release. .

Contact:
Euro Manganese Inc.
Marco A. Romero Fausto Taddei
President and CEO Vice-President, Corporate Development
+1 (604) -681-1010 ext 101 & Corporate Secretary
+1 (604) -681-1010 ext 105
Media inquiries:
Ron Shewchuk
Communication director
+1 604-781-2199

E-mail: [email protected]
Website: www.mn25.ca

Company address:
# 709 – 700 Pender Street West
Vancouver, British Columbia, Canada, V6C 1G8

Forward-looking statements

Certain statements contained in this press release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. These statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, its projects or the results of the industry, to be materially different from any future results, performances or achievements expressed or implied. by such forward-looking statements or information. Such statements can be identified by the use of words such as “could”, “would”, “could”, “could”, “intend”, “expect”, “believe”, “plan” , “Anticipate”, “”, “planned”, “foresee”, “predict” and other similar terms, or indicate that certain actions, events or results “could”, “could”, “would”, “could” or “will” be taken, occur or be reached. These forward-looking information or statements relate to future events or future performance regarding the Company and its activities and operations, which include, without limitation, statements regarding the continued development of the project, the restart of the pilot plant , the timing of the delivery and operation of the demonstration plant, the successful qualification of the Company’s high purity manganese products, the completion and timing of the final feasibility study, the timing of the filing of final assessment of the environmental and social impact of the project, and the ability of the Company to convert exploration licenses and preliminary mining permit into leases and mining permits for the project. In addition, 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 on the basis of the completion of a positive feasibility study, permits and funding that have been obtained.

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 interpreted as guarantees of future performance or results and will not necessarily be precise indicators of the achievement or otherwise of these results. A number of factors could cause actual results to differ materially from the results discussed in any forward-looking statements or information, including, but not limited to, the factors discussed under “Risk Opinion” and elsewhere in the report. management of the Company, as well as the inability to obtain regulatory approvals in a timely manner; the possibility that unknown or unexpected events lead to the breach of contractual conditions; unexpected changes in laws, rules or regulations, or their application by competent authorities; failure of parties to contracts with the Company to perform as agreed; social or work unrest; changes in commodity prices; and the failure of exploration programs or studies to produce anticipated results or results which would justify and support further exploration, studies, development or operations.

Although the forward-looking statements contained in this press release are based on what the management of the Company considers to be 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 press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release. The actual results of the Company could differ materially from those anticipated in these forward-looking statements due to the factors set out in the “Risk Opinion” section and elsewhere in the Company’s MD&A for the year ended September 30, 2020 and its annual information form. .

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