Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF ; Frankfurt: E06) (“Euro Manganese”)
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R 2022-21
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ano One and Euro Manganese Validate Manganese Metal in M2CAM Process
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eptember 27, 2022
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ancouver, Canada Nano One® Materials Corp. (TSX: N ANO; OTC: NNOMF ; Frankfurt: LBMB) (“Nano
One”)
Vancouver, Canada Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF ; Frankfurt: E06) (“Euro
Manganese”)
Highlights:
• The companies have jointly demonstrated cathode materials made directly from Euro Manganese
sourced electrolytic manganese metal using Nano One’s One-Pot Process.
• Euro Manganese has produced EV grade high -purity electrolytic manganese metal (“HPEMM”)
from its pilot plant using feedstock from its Chvaletice Manganese Project in the Czech Republic.
• Nano One’s patented One-Pot process enables cathode materials to be made directly from metals
(“M2CAM®”) and lithium carbonate, for reduced complexity, cost, and environmental footprint.
• Results align with automotive battery demands in Europe and North America for sustainably
sourced critical minerals and environmentally superior and differentiated supply chains.
Nano One® is a clean technology company with patented processes for the low-cost, low-environmental
footprint production of high -performance cathode materials used in lithium -ion batteries , a nd Euro
Manganese is a battery raw materials company developing a significant manganese deposit in the Czech
Republic. B oth companies are pleased to announce progress made under their J oint Development
Agreement.
The two companies are jointly developing e conomically viable and environmentally sustainable
applications of high- purity electrolytic manganese metal (“ HPEMM”) as one of several inputs for the
production of cathode active materials used in lithium -ion batteries. In this first milestone, pilot plant
samples from Euro Manganese’s Chvaletice Manganese Project have been successfully validated as
feedstock for Nano One’s patented One-Pot and M2CAM cathode production technolog ies. This avoids
the added cost, complexity, and environmental footprint of using metal sulphates in cathode production.
“We are demonstrating the production of cathode materials made directly from high purity metals,” said
Nano One CEO Mr. Dan Blondal, “and I am pleased to announce that we have now done so with electrolytic
manganese metal from Euro Manganese. This strategy eliminates capital and environmentally intensive
chemical conversion steps, eliminates large volumes of wasteful by-product and aligns us with legislation
in North America and Europe to fast-track battery supply chains from secure and readily available sources
of critical minerals. Nano One has ambitious plans to be a participant in the battery driven transformation
of mobility and renewable energy storage, and we are p leased to be blazing this trail with Euro
Manganese.”
Dr. Matthew James, Euro Manganese’s CEO, said, “We are delighted to be working with Nano One
on developing ways to use our manganese metal in its ground-breaking process for making cathode
active materials at a time when demand for high-purity manganese products is rising rapidly. Euro
Manganese’s production process, which has the flexibility to produce both a high purity manganese
metal product as well as a high purity manganese sulphate product, allows us to adapt to meet demand
from this important cost and environmental beneficial process developed by Nano One. Euro Manganese
stands to become the leading environmentally responsible producer of high purity battery grade
manganese products and we look forward to commissioning our larger demonstration plant at our
Chvaletice site in Q4 2022. We also look forward to a day when our manganese and Nano One’s
cathode materials are an integral part of the world’s battery supply chain and help cr eate a cleaner
world by enabling the green energy transition.”
About Nano One:
Nano One® Materials Corp (Nano One) is a clean technology company with a patented, scalable and low
carbon intensity industrial process for the low-c ost production of high-p erformance lithium-ion battery
cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic
and next generation batteries in the global push for a zero-emission future. Nano One’s One-Pot process,
its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM®) technologies address
fundamental performance needs and supply chain constraints while reducing costs and carbon footprint.
Nano One has received funding from various government programs and the current “Scaling of Advanced
Battery Materials Project” is supported by Sustainable Development Technology Canada (SDTC) and the
Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit
www.nanoone.ca
Changing how the world makes battery materials
About Euro Manganese:
Euro Manganese Inc. is a battery materials company focused on becoming a leading, competitive, and
environmentally superior producer of high-p urity manganese for the electric vehicle industry and other
high-technology applications. Euro Manganese is advancing development of the Chvaletice Manganese
Project in the Czech Republic, which is a unique waste-t o-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 it to provide
battery supply chains with critical raw materials to support the global shift to a circular, low-c arbon
economy. For more information, please visit www.mn25.ca.
This announcement was authorized for release by the CEOs of Euro Manganese and Nano One.
Nano One Contact:
Paul Guedes
+1 (604) 420-2041
Address: 101B - 8575 Government St., Burnaby, British Columbia, Canada, V3N 4V1
Euro Manganese Inc. Contacts:
Dr. Matthew James Louise Burgess
President & CEO Senior Director of Communications
+44 (0)747 229 6688 +1 (604)-312-7546
Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
FORWARD LOOKING INFORMATION
Certain information contained herein may constitute “forward-looking information” and “forward-looking
statements” within the meaning of applicable securities regulations. All statements, other than statements
of historical fact , are forward -looking statem ents. Forward-looking information in this news release
includes, but is not limited to, statements with respect to: the intent and execution of Nano One and Euro
Manganese’s (together, the “Companies”) plans, which are contingent on the commercialization of Nano
One’s technology and patents and statements with respect to the continued development of Euro
Manganese’s proposed Chvaletice Manganese Project; the ability of Euro Manganese to make certain
high purity manganese products, as required by Nano One ; the anticipated demand for high -purity
manganese; and statements with respect to the ability of the Co mpanies for co-development of
applications for high-purity manganese in cathode materials. Generally, forward-looking information can
be identified by the use of terminology such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’,
‘estimate’, ‘may’, ‘will’, ‘should’, ‘o ngoing’, target’, ‘goal’, ‘potential’ or variations of such words and
phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are
based on the current opinions and estimates of management of the Companies as of the date such
statements are made and are not, and cannot be, a guarantee of future results or events. Although
management of the Companies have attempted to identify important factors that could cause actual
results to differ mater ially from those contained in forward -looking statements or forward- looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate , as actual results and future
events could differ materially from those anticipated in such statements. These forward -looking
statements involve numerous known and unknown risks, assumptions and uncertainties, and other factors
that may cause the actual results, level of activity, performance or achievements of the Companies to be
materially different from those expressed or implied by such forward- looking statements or forward-
looking information. Risks, assumptions and uncertainties including but not limited to: Nano One’s closing
of the pending acquisition of the Candiac facility in Québec, the Companies' ability to achieve their stated
goals, reduced demand for the Companies’ potential products, availability of materials, risks related to
foreign operations and other risk factors as identified in Nano One’s MD&A and its Annual Information
Form dated March 28, 2022, both for the year ended December 31, 2021, and in Euro Manganese’s Annual
Information Form dated December 16, 2021, for the year ended September 30, 2021, and in recent
securities filings for the Companies which are available at www.sedar.com. Accordingly, readers should
not place undue reliance on forward-looking statements and forward-looking information. The Companies
do not undertake any obligation to update any forward- looking statements or forward- looking
information that is incorporated by reference herein, except as required by applicable securities laws.
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