Euro Manganese Announces Submission of Environmental & Social Impact Assessment and Publication of 2022 Sustainability Report
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NR 2023-01
Euro Manganese Announces Submission of Environmental & Social Impact
Assessment and Publication of 2022 Sustainability Report
VANCOUVER, British Columbia ( January 4, 2023) – Euro Manganese Inc. (TSX -V and ASX: EMN; OTCQX:
EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce it has submitted the final
Environmental and Social Impact Assessment ("ESIA") for the Company’s Chvaletice Manganese Project
("Chvaletice" or the "Project") to the Ministry of Environment in the Czech Republic and it has published
its inaugural 2022 Sustainability Report (the "Report").
Highlights
• The Project is poised to become Europe’s only primary producer of high-purity manganese
products with excellent ESG credentials, serving the rapid growth of the EV battery market.
• The Project is designed to meet the Czech Republic’s and European Union’s strict
environmental, health and safety standards.
• The ESIA is the main step in the Project’s environmental permitting process.
• The Company has published its inaugural 2022 Sustainability Report, outlining material issues
for the business and its stakeholders.
Submission of ESIA
The ESIA builds on the preliminary ESIA which was reviewed by the Czech Ministry of Environment in 2020.
The ESIA takes outputs from both the preliminary ESIA and the Chvaletice Feasibility Study, announced in
July 2022, as inputs to the compilation of many environmental and social impact assessments, including
but not limited to dispersion studies, acoustic studies and impact on human health studies (collectively,
"the studies "). The Company has also proactively engaged with and briefed many o f the relevant
authorities and stakeholders on the Project details. Feedback received from stakeholders has been built
into the final ESIA submission.
After a significant amount of work, the Company is confident in the quality of the studies and in meeting
the criteria set out by Czech regulation for a successful ESIA. The approval process is anticipated to take
approximately six months.
Publication of Inaugural Sustainability Report
The Company has published its inaugural Sustainability Report for 2022 , wh ich outlines how Euro
Manganese is leading the way for sustainable production of high-purity manganese for the electric vehicle
industry. It is based on the material environmental , social and governance issues that matter to the
Company and its stakeholders. The Report also defines the Company’s purpose, vision and values , and
details its business model that is designed to deliver long-term value for stakeholders.
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The Report was filed on SEDAR on December 23, 2022 and lodged on ASX on December 27, 2022. It can
also be found on the Company’s website here: 2022 Sustainability Report.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“Both the submission of the Environmental and Social Impact Assessment and the completion of the
Company’s inaugural Sustainability Report are significant achievements by Euro Manganese. The team
has worked incredibly hard to ensure both the ESIA and the Sustainability Report are of the highest quality
and include extensive consultation with local communities and other stakeholders who provided invaluable
input to both documents . The Project embodies strict and very high environmental, health, safety and
social standards , and is positive for the environment, local community and the Czech Republic.
Environmental protection and stewardship remain front and centre in our Company and in the design of
this Project.”
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading, competitive, and
environmentally superior producer of high -purity manganese for the electric vehicle industry and other
high-technology applications. The Company is advancing deve lopment of the Chvaletice Manganese
Project in the Czech Republic, which is a unique waste -to-value recycling and remediation opportunity
involving reprocessing old tailings from a decommissioned mine. The Chvaletice project is the only sizable
resource of manganese in Europe, strategically positioning the Company to provide battery supply chains
with critical raw materials to support the global shift to a circular, low-carbon economy.
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 t he ASX accepts responsibility for the adequacy or accuracy of t his
release.
Inquiries
Dr. Matthew James
President & CEO
+44 (0)747 229 6688
Louise Burgess
Senior Director, Investor Relations & Communications
+1 (604) 312-7546
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: 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 informat ion 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
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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”, “schedu led”, “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 also include, but are not limited to, statements regarding
the Company’s intentions regarding the development of the Chvaletice Project, the acceptability of the
ESIA by the Czech Ministry of Environment and the anticipated timing of its the approval, the anticipated
positive impact of the Project, and the ability of the Company to become Europe’s only primary producer
of high purity manganese products.
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 substantiall y realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
Factors that could cause actual results or events to differ materially from current expectations include,
among other things: a delay or in ability to get the ESIA approved by relevant authorities, the ability to
develop adequate processing capacity; risks and uncertainties related to the ability to obtain, amend, or
maintain necessary licenses, or permits, risks related to acquisition of surf ace rights; timing and amount
of production and total costs of production; the potential for unknown or unexpected events to cause
contractual conditions to not be satisfied; risks and uncertainties related to the accuracy of mineral
resource and reserve e stimates; changes in project parameters as plans continue to be refined; risks
related to global epidemics or pandemics and other health crises, including the impact of the coronavirus
(COVID-19); availability and productivity of skilled labour; risks and uncertainties related to interruptions
in production; unforeseen technological and engineering problems; social unrest or war; the possibility
that future results will not be consistent with the Company's expectations; developments in EV battery
markets and chemistries; and risks related to fluctuations in currency exchange rates, 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.
All forward -looking statements are made based on the Company's current beliefs as well as various
assumptions made by the Company and information currently available to the Company. Generally, these
assumptions include, among others: the presence of and continuity of manganese at the Chvaletice
Project at estimated grades; the ability of the Company to obtain all necessary land access rights; the
ability of the Company obtain all required environmental and other permits; the availability of personnel,
machinery, and equipment at estimated prices , in good order, and within estimated delivery times; the
availability of acceptable financing for the Chvaletice Project and for continued operations ; success in
realizing proposed operations in the Czech Republic and demand for the Company’s products.
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 updat e or revise the forward -looking statements contained herein to reflect events or
circumstances occurring after the date of this news release.