Euro Manganese Appoints Stifel Nicolaus Europe Limited as Project Finance Advisor for the Chvaletice Manganese Project
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NR 2022-12
Euro Manganese Appoints Stifel Nicolaus Europe Limited as Project Finance
Advisor for the Chvaletice Manganese Project
VANCOUVER, British Columbia ( June 27, 2022) – Euro Manganese Inc. (TSX -V and ASX: EMN; OTCQX:
EUMNF; Frankfurt: E06) (" Euro Manganese", the "Company" or "EMN ") is pleased to announce it has
appointed Stifel Nicolaus Europe Limited , a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF)
("Stifel") as financial advisor to assist with the structuring and securing of project financing for the
development of the Company’s flagship Chvaletice Manganese Project ("CMP" or "Project"), located in
the Czech Republic.
The appointment of Stifel , a leading financial advisory group in the battery metals space , allows the
Company to initiate dialogue with a number of potential financiers and allows due diligence to commence.
Euro Manganese will work with Stifel to determine the optimal financing structure for the CMP.
Stifel is a global, full-service investment bank with significant expertise in the metals and mining sector .
The firm provides a suite of institutional service s including strategic business advisory across both debt
and equity markets. Stifel’s Capital Solutions Group provides project finance advisory services globally
with proven expertise in advising on the debt financing of development projects within the energy
transition supply chain.
The key major milestones to help secure project financing include:
• Completion of the Feasibility Study for the Chvaletice Manganese Project (expected in the coming
weeks).
• Execution of binding offtake agreements.
• Finalizing land access agreements.
• Approval of the Environmental and Social Impact Assessment ("ESIA") and final permitting. The
ESIA is expected to be submitted to the Czech Ministry of the Environment in Q3 2022.
Matthew James, Euro Manganese’s President and CEO, commented:
“Stifel is a well-regarded capital solutions advisory firm with a successful track record of debt and equity
raises. Euro Manganese stands to benefit from their significant experience in project financing and
relationships with strategic partners in the European EV battery market. This appointment is an important
step for the Company as we seek to execute project milestones and move towards a final investment
decision, expected in 2023 . We look forward to working with the Stifel team to execute a su ccessful
financing package for the Chvaletice Manganese Project.”
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Jan-Erik Back, Stifel’s Head of Capital Solutions Group commented:
“Euro Manganese is uniquely positioned to capitalize on the growth in the European electric vehicle
market. Having the only sizable manganese resource in Europe combined with the development of a
processing plant to produce high-purity manganese products, they will have a fully-traceable and sought-
after product for the EV industry. Moreover, as the Chvaletice project involves reprocessing and
rehabilitating historic mine tailings, the environmental credentials of the project should be very
compelling for financiers. Stifel is proud to partner with Euro Manganese to help advance this critical
battery materials project.”
About Euro Manganese Inc.
Euro Manganese Inc. is a battery materials company focused on becoming a leading, competitive , and
environmentally superior producer of high -purity manganese for the electric vehicle (EV) industry and
other high-technology applications. The Company is advancing development 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 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.
About Stifel
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis,
Missouri, that conducts its banking, securities, and financial services business through several wholly
owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus
& Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.;
Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s broker -dealer affiliates
provide securities brokerage, investment banking, trading, investment advisory, and related financial
services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank
and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust
Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more
about Stifel, please visit the Company’s website at www.stifel.com . For global disclosures, please visit
https://www.stifel.com/investor-relations/press-releases.
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 accep ts responsibility for the adequ acy or accu racy o f 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
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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 information involve
known and unknown risks, uncertainties and other factors that may cause the actual results, performance
or achievements of the Company, its projects, 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”,
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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 relate
to future events or future performance about t he Company and its business and operations , which
include, without limitation: the Company’s ability to secure the remaining land surface rights ; the
completion and timing of the definitive feasibility study; the timing, t he Company’s ability to negotiate
offtake agreements with potential customers; and the Company’s ability to arrange financing for the full-
scale, commercial development of the Project. Further, 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 based on completion
of a positive feasibility study, permitting and financing having been secured.
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
read as guarantees of future performance or results and will not necessarily be accurate indicators of
whether or not such results will be achieved. A number of factors could ca use actual results to differ
materially from the results discussed in the forward-looking statements or information, including, but not
limited to, the factors discussed under “Risks Notice” and elsewhere in the Company’s MD&A, as well as
the inability to obtain regulatory approvals in a timely manner; the potential for unknown or unexpected
events to cause contractual conditions to not be satisfied; unexpected changes in laws, rules or
regulations, or their enforcement by applicable authorities; the failur e of parties to contracts with the
Company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of
exploration programs or studies to deliver anticipated results or results that would justify and support
continued exploration, studies, development or operations.
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 result s 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. The Company ’s actual results could differ
materially from those anticipated in these forward-looking statements as a result of the factors set forth
in the “Risks Notice” section and elsewhere in the Company ’s MD&A for the year ended September 30,
2021 and its Annual Information Form.