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EMN - EURO MANGANESE INC


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Euro Manganese (ASX: EMN) is a Canadian company focused on the development of a new high purity manganese production facility, based on the recycling of a tailings deposit located in the Czech Republic. Activities are conducted through the wholly owned subsidiary, Mangan Chvaletice sro, which holds a 100% interest to the Chvaletice Manganese Project.

 

 

Elon Musk is pushing the vehicle manufacture industry to seek out more high purity manganese to power its vehicles. As the world transitions to electric vehicle (EV) dominance, manganese will play a key role in EV production.

At the Tesla Battery Day 2020, held today, Musk said Tesla's next generation
. It is relatively straight forward to do a cathode that's 2/3 Nickel 1/3 Manganese, which will allow us to make 50% more cell volume with the same amount of Nickel, Musk said.

A well located, ASX company could be one of the beneficiaries. Euro Manganese Inc (ASX: EMN) is sitting on the largest manganese resource in Europe, right in the thick of the action when it comes to battery markets in Europe, where there is no local manganese supply.

 

EMN has the largest manganese resource in Europe and will recycle waste to produce highly refined manganese metal and salts (no mining"involved). Furthermore, it is strategically located in the Czech Republic with 6+ large battery factories located just 200 to 500kms away.

 

Tesla will need to source its manganese from a local supplier to keep costs manageable. The Telsa Gigafactory under construction in Germany will be the most advanced high-volume electric vehicle production plant in the world and the company plans to produce 500,000 electric vehicles at the Grünheide site starting from the European summer of 2021.

 

Europe is at the heart of the EV revolution and Tesla's announcement today could prove to have a snowball effect on European manufacturers who are likely to follow in the US company's footsteps in seeking out a high-grade manganese product and localising cathode production.

 

Automakers like Volkswagen, General Motors, and Ford are already pouring billions of dollars into EV development and making a huge investment in this space as they fight over the growing consumer market. The changing landscape in Europe coincides with a scaling down of subsidies in China. Sales of EVs in Europe are projected to exceed one million units in 2020 and to grow rapidly in the years to come.

 

It comes as the EU prepares to 'recharge' its climate action plan and increase its climate targets to achieve a 55% reduction in greenhouse gas emissions by 2030, a move welcomed by clean transport group Transport & Environment (T&E).

 

EMN well placed

EMN intends to produce battery grade manganese by reprocessing tailings in the Czech Republic.

 

The following map illustrates the proliferation of battery plants and the extensive network of automotive and battery manufacturers in mainland Europe and the location of EMNs Chvaletice Manganese Project (CMP) in the Czech Republic, relative to the major European EV and battery manufacturing hub.

 

Euro-Manganese.png

The company will be waste recycling from historic mines and delivering high purity manganese to EU battery makers. EMN plans to reprocess Europe's largest manganese deposit, which is hosted in historic mine tailings in the Czech Republic, in order to produce high purity manganese products (HPM) in an economically, socially and environmentally sound manner. EMN expect to become the only primary producer of high purity manganese in the EU, where 100% of manganese requirements are currently imported. Currently, the bulk of the world's production of manganese ore occurs in South Africa, China, Australia, Brazil, India and Gabon.

 

Several prospective customers have expressed interest in procuring high-purity manganese products from the project, and in conducting supply chain qualification of the products of the proposed Chvaletice demonstration plant.

 

Attracted by the strategic European position of Chvaletice, the incomparable low environmental footprint of the project (no mining or new solid waste generation), and the exceptional purity of the products that Euro Manganese has produced in previous pilot plant trials, five memorandums of understanding have been signed to date with major customers. These are intended to evolve into longterm offtake agreements.

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  • 5 months later...

EMN is developing a high purity manganese production facility, based on the recycling of a tailings deposit located in the Czech Republic. It does so in an ethical and environmentally friendly way. It represents another battery metal for EVs.

A major milestone for EMN will be the completion of the small test plant in the middle of this year. This small 'demo plant' will actually be supplying small scale orders of high grade manganese to EU customers.

ticking the European criteria?

Pending CO2 Footprint for EVs Puts Mineral Suppliers on Notice ... by Mark Story

https://www.sharecafe.com.au/2021/03/05/pen...iers-on-notice/

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  • 4 weeks later...

Euro Manganese Raises $30m to Secure Manganese Dominance in Europe

https://www.sharecafe.com.au/2021/03/25/eur...ance-in-europe/

 

Euro Manganese (ASX: EMN) has announced a private placement to accelerate its high purity manganese development program. The offering was anchored by a strategic investor and an ESG focused fund, and also received strong support from several existing institutional shareholders.
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  • 11 months later...

Euro Manganese announced its Positive Feasibility Study Base Case Results for the Chvaletice Manganese Project; with an After Tax NPV of US$1.34 Billion, IRR of 21.9% with a 4% pay back period on initial CAPEX expenditure of $US757m.

Dr. Matthew James, Euro Manganese President and CEO, commented:

I am extremely pleased with the results of the Feasibility Study, which further validate the financial credibility of the Chvaletice Manganese Project, even in the current inflationary environment and using conservative risk adjusted pricing. The strength of the Project economics, its green credentials and the forecast demand from the EV industry for our highly specialized products support a wide range of financing alternatives.
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