Euro Manganese Receives Approval of Environmental and Social Impact Assessment for Chvaletice Manganese Project and Appoints Project Director
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NR 2024-08
Euro Manganese Receives Approval of Environmental and Social Impact
Assessment for Chvaletice Manganese Project and Appoints Project Director
VANCOUVER, British Columbia ( March 27, 2024) – Euro Manganese Inc. (TSX -V and ASX: EMN ; OTCQX:
EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce it has received approval of the
Environmental and Social Impact Assessment ("ESIA") for the Chvaletice Manganese Project ("Chvaletice
Project" or the "Project") from the Czech Ministry of Environment.
In a ddition, the Company is pleased to a ppoint Mr. Tim Kindred , an experienced , large-scale project
delivery professional, as Project Director for the Chvaletice Project.
Highlights
• Czech Ministry of Environment approves the Environmental and Social Impact Assessment for
the Chvaletice Manganese Project
• Excellent stakeholder engagement processes resulted in no comments or opposition from local
stakeholders during commentary period
• The ESIA is the key gating permit from which subsequent permits can follow in a more
procedural manner
• Appointment of a highly experienced Project Director for the Chvaletice Manganese Project to
lead the Front-End Engineering Design ("FEED") and the Engineering and Procurement and
Construction Management ("EPCM") phase of the Project
ESIA Approval
The Company has received a positive ESIA binding statement from the Czech Ministry of Environment ,
which approves the environmental and social conditions set out in the ESIA. This is the culmination of a
four-year process, where 14 separate government authorities were required to provide a positive opinion
on the Company’s ESIA , after which the ESIA was open to a public commentary period. No comments
were received from the public , NGOs or regional municipalities during this period, demonstrating the
excellent stakeholder engagement processes managed by the Company’s local Czech team.
The approval of the ESIA is the key gating permit from which subsequent permits can follow, including the
Land Planning Permit and the Construction Permit. Receipt of the ESIA also allows the Company to
progress to the final determination of the Mining Lease for the Project.
Appointment of Project Director
Mr. Tim Kindred recently joined the Company as Project Director for the Chvaletice Project. Tim is
responsible for leading the team that will work together with Wood to deliver FEED work followed by
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EPCM once a final investment decision has been made. Tim will initially be based in Perth, Australia and
will relocate to the Czech Republic during the construction phase of the Project.
Tim is a Chemical Engineer and a Graduate of the Australian Graduate School of Management. With a
background in hydro metallurgy, Tim is a highly skilled project and operations leader in the mining and
metals industry. He has successfully led project delivery from feasibility study to FEED, construction,
completion and commissioning on multibillion dollar projects, including large and complex operations.
Tim has experience in nickel, cobalt, copper , lithium, and gold and has a strong background in battery
metal projects supporting decarbonisation. During his tenure of over 10 years working with Vale Base
Metals, he led the project turnaround and successful construction, completion, and commissioning of the
Vale Long Harbour Project , a US$5 billion nickel process ing plant project, transitioning to an integrated
team delivery model that drove success and delivered the project on time and on budget.
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“Approval of the Environmental and Social Impact Assessment f or the Chvaletice Project is a major
permitting and project milestone. It is a testament to the diligent approach and many years of effort by
both our Czech team , who have engaged with multiple stakeholder groups along the way , and our
engineering team, who have integrated feedback into our plans. What remains constant is our desire to
minimize project impacts and maximise social benefits throughout the lifespan of our operations. We look
forward to advancing the now more procedural follow-on permits to develop a world-class facility capable
of producing high-purity manganese, an essential component in lithium-ion batteries for EV vehicles.
Additionally, w e welcome Tim Kindred to the Euro Manganese team. His skills and capabilities in
developing complex battery metal projects, together with his proven-track record in delivering large-scale
projects on time and on budget will be extremely valuable for us as we progress both FEED and EPCM
work, including the construction of the Chvaletice Project.”
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 early -stage 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 TSX Venture 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 t he ASX accepts responsibility for the adequacy or accuracy of t his
release.
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Inquiries
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
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 fact ors that may cause the actual results, performance or achievements of the
Company, its Chvaletice mineral project, its proposed Bécancour Plant or industry results, to be materially different
from any future results, performance or achievements expressed o r 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.
Forward-looking information or statements include, but are not limited to, statements regarding the Company’s
expectation that the Land Planning Permit , Construction Permit , and other subsequent permits will follow the
approval of the ESIA, and that the Company will be able to progress the mining licence application to the final
determination of mining lease for the Proje ct. In addition, forward -looking in formation includes statements
regarding the Company’s ability to progress and deliver FEED work followed by EPCM , and the ability to make a
positive final investment decision.
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.
Factors that could cause actual results or events to differ materially from current expectations include, among other
things for the Chvaletice Project, lack of sufficient funding; the inability to meet conditions under the Company’s
secured credit facility and risks related to granting and enforcement of security ; the availability of equipment,
facilities, and suppliers necessary to complete development; the cost of consumables and extraction and processing
equipment; risks and uncertainties related to the ability to obtain, amend, or maintain necessary licenses, or permits,
risks related to acquisition of surface rights; the potential for unknown or unexpected events to cause contractual
conditions to not be satisfied; the inability to secure sufficient offtake agreements; unexpected results or
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unsuccessful completion of the various stages of the EPCM contract; and changes in project parameters as plans
continue to be refined. Additional factors that could cause results or events to differ materially from current
expectations include risks related to global epidemics or pandemics and other health crises; availability and
productivity of skilled labour; unforeseen technological a nd engineering problems; the adequacy of infrastructure;
social unrest or war; the possibility that future results will n ot be consistent with the Company's expectations;
increase in competition, developments in EV battery markets and chemistries; risks related to fluctuations in
currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies and
changes or deterioration in general economic conditions. 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.
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. In general, these include that the
Company can achieve its goals; that the political and community environment in which the Company operates in will
continue to support its projects; the Company can meet its obligations under the Convertible Loan Facility and secure
additional financing, and assumptions related to the factors set out herein.
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.