Euro Manganese Announces Successful Completion of Demonstration Plant Continuous Operation Program
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NR 2024-21
Euro Manganese Announces Successful Completion of Demonstration Plant
Continuous Operation Program
VANCOUVER, British Columbia (October 16, 2024) – Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB:
EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce the on-site Demonstration
Plant successfully completed a 5 -day continuous operation program for the production of high -purity
electrolytic manganese metal at the Company’s Chvaletice Manganese Project ("Chvaletice" or the
"Project") in the Czech Republic. The Demonstration Plant achieved key technical targets which form part
of the necessary conditions for accessing the next draw -down from the Orion f inancing package
announced on November 28, 2023.
Highlights
• The Demonstration Plant hosts six of the main process stages of the Project’s metallurgical
flowsheet. The electrowinning stage can be operated on a continuous basis with the qualified
solution feedstock provided from the leaching and purification process stage. The electrowinning
process produces selenium -free, high-purity electrolytic manganese metal (“ HPEMM”) flakes
(99.9% Mn). The other key process stages operate on a batch basis and include: ore to slurry
preparation; beneficiation via magnetic separation to produce an ore concentrate; leaching and
purification of concentrate ; control and removal of magnesium; and HPEMM dissolution,
purification, drying and crystallization to produce high-purity manganese sulphate monohydrate
(“HPMSM”) product (>99.9% HPMSM).
• From October 7 to October 12 , 2024, the qualified solution preparation and electrowinning
module undertook a 24-hour-a-day, 5-day continuous operation program, with a target of
producing a minimum of 132 kg HPEMM, with no more than 8 hours stoppage time. The
purification step was run on batch basis to provide sufficient feedstock.
• The Demonstration Plant operated as-designed and without inter ruption, achieving 100%
reliability over the 5 -day program (i.e. no stoppage time) . Overall, 172 kg of HPEMM was
produced, exceeding target production by over 30%.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“The successful completion of 120 hours of continuous operations while exceeding target production by
30% is another important technical milestone, and is a testament to the operations team’s knowledge,
skill and operating discipline. This key step enhances our technological maturity. With the only new high-
purity manganese project outside China to have a fully operational Demonstration Plant, the Chvaletice
Project and Euro Manganese are positioned to benefit significantly from the growing demand for high-
purity manganese as battery chemistries move to lower cost, higher manganese formulations.”
Head Office
#709 – 700 West Pender
Street
Vancouver, BC, V6C 1G8
ARBN 627 968 567
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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 refining 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.
Qualified Person(s) Statement
The technical information in this news release was prepared under the supervision of Ms. Andrea Zaradic,
P. Eng., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects
("NI 43-101"). Ms. Zaradic has reviewed and approved the information in this news release for which she
is responsible and has consented to the inclusion of the matters in this news release based on the
information in the form and context in which it appears.
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 Excha nge) o r t he ASX accepts responsib ility for the adequ acy or accu racy o f t his
release.
Enquiries
Dr. Matthew James
President & CEO
LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
Jane Morgan Management
Jane Morgan
Investor and Media Relations - Australia
+61 (0) 405 555 618
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Visit our website: https://www.mn25.ca
Head Office
#709 – 700 West Pender Street
Vancouver, BC, V6C 1G8
Canada
ARBN 627 968 567
3
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 st ate that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved.
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 d iscussed 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.
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, its ability to produce high-
purity manganese products , and the potential to benefit from any projected demand for high -purity
manganese or changes in battery chemistries.
All forward -looking statements are made based on the Company's current beliefs including various
assumptions made by the Company, including that the Chvaletice Project will be developed and operate
as planned, that the demonstration plant will continue to operate successfully, and that the Company will
obtain sufficient financing. Factors that could cause actual results or events to differ materially from
current expectations include, among other things: insufficient working capital; lack of availability of
financing for developing and advancing the Chvaletice Project; risks related to granting security; the
inability to develop adequate processing capacity ; the potential for unknown or unexpected events to
cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets
and chemistries; risks related to fluctuations in currency exchange rates ; and regulation and changes in
laws 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, 2023,
available on the Company's SEDAR+ profile at www.sedarplus.ca.
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.
Head Office
#709 – 700 West Pender Street
Vancouver, BC, V6C 1G8
Canada
ARBN 627 968 567