Local Municipalities Support Chvaletice Manganese Project with Approval of Land Rezoning and Land Access Agreement
1
NR 2022-08
Local Municipalities Support Chvaletice Manganese Project with
Approval of Land Rezoning and Land Access Agreement
VANCOUVER, British Columbia ( March 23, 2022) – Euro Manganese Inc. (TSX -V and ASX: EMN; OTCQX:
EUMNF; Frankfurt: E06) (the “ Company” or “EMN”) is pleased to announce that the Village of Trnavka
council has approved the rezoning of land underlying the Chvaletice Manganese Project deposit (the
“Project”). In addition, terms for a land access agreement have been approved for the Project land owned
by the local Municipality of Chvaletice.
Approval for Rezoning of Land Underlying the Project
The Village of Trnavka (“Trnavka”), on which approximately 85% of the Project’s tailings are located, has
formally approved the rezoning of such land for mining use. Trnavka is the closest residential area and lies
just to the east of the Project. The rezoning demonstrates continued support from Trnavka, which
previously sold the Company a 2.96-hectare strip of land adjacent to the Project’s tailings hosted deposit.
The remaining area of th e underlying land falls under the authority of t he Municipality of Chvaletice
(“Chvaletice”), which lies just to the west of the Project. The Municipality previously voted unanimously
to approve the initiation of the rezoning process under its municipal land use plans. This process is
progressing, and the Company anticipates that the rezoning of the Chvaletice land underlying the Project’s
tailings deposit to be formally approved for mining by the end of calendar 2022.
Approval of Land Access Agreement Terms from Chvaletice
The Company is also pleased to report that the Municipality of Chvaletice has approved land access
agreement terms via rental of the land owned by Chvaletice , granting the Company access to
approximately 19% of the total land area required for the Project and approximately 15% of the total
tailings area.
Material terms with Chvaletice include the rental of the land for the earlier of a 40 -year period or upon
remediation of the land at an annual rental of CZK 7.46 million (approximately CAD$420,000), adjusted
for inflation based on the average annual Czech consumer price index for the 12 months of the previous
calendar year. The land rental arrangement is subject to final contracts formalizing the land rental from
Chvaletice, which the Company expects to be completed in the second quarter of calendar 2022.
Discussions are progressing with t he remaining landowners to enter land access agreements for the
remaining Project area. To date, the Company has received consent from all necessary landowners to
conduct exploration activities and to access the site. Additionally, the Company has acquired, has agreed
to acquire, or has options to acquire all the land required for its intended high-purity manganese
processing plant site.
2
EMN’s President and CEO, Dr. Matthew James, commented:
“We are grateful for the continued support of our neighbouring communities, Chvaletice and Trnavka. Our
team has worked hard to ensure that local community residents are well -informed, and that meaningful
opportunities are created for them to participate in the evaluation and planning of the Chvaletice
Manganese Project. Our goal remains to build long-term, respectful, and collaborative relationships, while
ensuring that the Project fits seamlessly into the environmental, social, and economic fabric of the region.
“Additionally, we continue to move our discussions forward with the remaining landowners related to land
access agreements for the Chvaletice Project area.”
About Euro Manganese Inc.
Euro Manganese Inc. is a speciality chemicals company whose principal focus is advancing the
development of the Chvaletice Manganese Project, in which it holds a 100% interest. The Company’s goal
is to become a leading, competitive and environmentally superior primary producer of high -purity
manganese products in the heart of Europe, serving the electric vehicle battery industry, as well as other
high-technology applications. The proposed Project entails re-processing a significant manganese deposit
hosted in tailings from a decommissioned mine, strate gically located in the Czech Republic , within the
European Union. At the same time as the Project produces high-purity manganese it will be remediating
the tailings area, which is a longstanding source of groundwater pollution.
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.
Contact:
Euro Manganese Inc.
Dr. Matthew James Fausto Taddei
President & CEO Vice President, Corporate Development
+44 747 229 66 88 & Corporate Secretary
+ 1-604-681-1010 ext. 105
Media inquiries:
Ron Shewchuk
Director of Communications
+1-604-781-2199
E-mail: [email protected]
Website: www.mn25.ca
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
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
3
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 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 rezoning of the Chvaletice lands underlying the Project’s tailings ; the
conclusion of agreements formalizing the Chvaletice land rental arrangements; the Company’s ability to
secure the remaining land surface rights; and the Company’s ability to finance the full-scale, commercial
development of the Project. Further, it should be noted that no production decision has been made with
respect to the Projec t 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 cause 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 failure 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 wha t
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. 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 Com pany’s MD&A for the year ended September 30,
2021 and its Annual Information Form.