Company Description
Euro Manganese Inc. (traded under symbol EUMND for U.S. investors and under EMN on the TSX-V, ASX and E060 on the Frankfurt Stock Exchange) is a battery materials company focused on high-purity manganese products for the electric vehicle supply chain. According to company disclosures, Euro Manganese is advancing the Chvaletice Manganese Project in the Czech Republic, described as Europe’s only near-term source of high-purity manganese and the only sizable manganese resource in the European Union. The company positions its products for use in next-generation electric vehicles, energy storage batteries and defence applications.
The Chvaletice Manganese Project is characterized as a waste-to-value recycling and remediation opportunity. Euro Manganese plans to reprocess historic mine tailings from a decommissioned mine to produce high-purity electrolytic manganese metal (HPEMM) and high-purity manganese sulphate monohydrate (HPMSM). Company materials emphasize that this approach is intended to establish a fully traceable, low-carbon supply chain for manganese-based battery materials within the European Union.
Euro Manganese reports that its Demonstration Plant for the Chvaletice project has produced on-spec products, with optimization work underway to enhance commercial plant efficiency. The company states that this positions it to become Europe’s first domestic producer of high-purity manganese, aiming to meet rising demand for sustainable, strategic battery materials and to support European clean-energy and supply-chain independence objectives.
In addition to Chvaletice, Euro Manganese refers to an early-stage opportunity in Bécancour, Québec, focused on producing battery-grade manganese products. While details are limited in the available disclosures, this initiative is presented as complementary to the company’s European project and aligned with the broader growth of battery manufacturing and related supply chains.
Euro Manganese is dual listed on the TSX Venture Exchange (TSX-V) and the Australian Securities Exchange (ASX), and also trades in Frankfurt. The company frequently references its role in the electric vehicle industry and in the development of lithium-based battery chemistries, particularly those using high-purity manganese sulphate monohydrate as a key input.
Corporate communications highlight that the Chvaletice project is intended to supply battery-grade HPMSM into cathode materials such as Lithium Manganese Iron Phosphate (LMFP). Euro Manganese has announced a non-binding offtake term sheet with Integrals Power Limited, a battery nano-materials company, for future sales of HPMSM from Chvaletice, subject to test work and qualification of its product. This collaboration is described as aimed at strengthening the LMFP battery supply chain in the UK and Europe.
The company also reports financing activities linked to the development of Chvaletice, including a Security Purchase Plan and other equity-linked transactions, as well as a Convertible Loan and Royalty Agreement with Orion Resource Partners. Amendments to these agreements have been described as providing enhanced flexibility, including the option for Orion to convert outstanding loan amounts and accrued interest into a royalty and an extension of certain milestone dates.
Euro Manganese’s governance disclosures reference regular shareholder meetings, stock option plans, and warrant issuances connected to financing arrangements and strategic partners. Shareholder approvals have covered matters such as auditor appointments, stock option plan re-approvals, unit offerings involving shares, CHESS Depositary Interests (CDIs) and warrants, broker warrants, and warrants issued to Orion as compensation for amendments to the Convertible Loan and Royalty Agreement.
Across its public communications, Euro Manganese consistently describes itself as a battery materials company focused on high-purity manganese for the electric vehicle industry, with its core development asset in the Czech Republic and an additional early-stage initiative in Québec. Its strategy, as presented, centers on recycling historic tailings, producing high-purity manganese products, and contributing to low-carbon, traceable supply chains for battery materials.
Business focus and projects
According to company statements, Euro Manganese’s primary business activities include:
- Advancing the Chvaletice Manganese Project in the Czech Republic.
- Reprocessing historic mine tailings from a decommissioned mine as a waste-to-value and remediation initiative.
- Producing high-purity electrolytic manganese metal (HPEMM) and high-purity manganese sulphate monohydrate (HPMSM) for battery applications.
- Pursuing an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
- Engaging with potential offtake partners in the battery and cathode materials sector.
Capital markets and listings
Euro Manganese is described as dual listed on the TSX Venture Exchange (TSXV: EMN) and the Australian Securities Exchange (ASX: EMN), with an additional listing on the Frankfurt Stock Exchange (FSE: E060). For U.S. investors, the symbol EUMND is used to reference the company’s shares. The company has conducted financings involving CDIs, units composed of shares and warrants, and security purchase plans, primarily to fund ongoing development of the Chvaletice Manganese Project and related strategic initiatives.
Role in the battery materials supply chain
Company disclosures emphasize that high-purity manganese is a critical ingredient in next-generation electric vehicles, energy storage batteries and certain defence applications. By focusing on HPEMM and HPMSM derived from reprocessed tailings, Euro Manganese presents its projects as aligned with goals of a circular, low-carbon economy and with efforts to secure strategic raw materials within the European Union.
Frequently Asked Questions (FAQ)
- What does Euro Manganese Inc. do?
Euro Manganese Inc. is described as a battery materials company focused on becoming a producer of high-purity manganese products for the electric vehicle industry. Its main project is the Chvaletice Manganese Project in the Czech Republic, which aims to reprocess historic mine tailings to produce high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate.
- What is the Chvaletice Manganese Project?
The Chvaletice Manganese Project is a development-stage project in the Czech Republic. Company materials describe it as a unique waste-to-value recycling and remediation opportunity that reprocesses old tailings from a decommissioned mine to produce high-purity manganese products for battery applications.
- Why is Euro Manganese’s project significant for the European Union?
According to Euro Manganese, Chvaletice is the only sizable resource of manganese in the European Union and Europe’s only near-term source of high-purity manganese. The company states that this positions it to support EU battery supply chains and broader goals related to clean energy and supply-chain independence.
- What products does Euro Manganese plan to produce?
Euro Manganese states that it plans to produce high-purity electrolytic manganese metal (HPEMM) and high-purity manganese sulphate monohydrate (HPMSM) from the Chvaletice Manganese Project. These products are intended for use in lithium-based battery cathode materials and other applications that require high-purity manganese.
- Where are Euro Manganese’s projects located?
The company’s primary development asset is the Chvaletice Manganese Project in the Czech Republic. Euro Manganese also references an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
- On which exchanges is Euro Manganese listed?
Euro Manganese is dual listed on the TSX Venture Exchange (TSXV: EMN) and the Australian Securities Exchange (ASX: EMN), and is also listed on the Frankfurt Stock Exchange (FSE: E060). The symbol EUMND is used for U.S. trading access to the company’s shares.
- How does Euro Manganese describe its role in the electric vehicle industry?
Company disclosures describe Euro Manganese as a battery materials company focused on becoming a producer of high-purity manganese for the electric vehicle industry. Its high-purity manganese products are intended for use in cathode materials for lithium-based batteries used in electric vehicles and energy storage.
- What is high-purity manganese sulphate monohydrate (HPMSM)?
HPMSM, as referenced by Euro Manganese, is a high-purity manganese sulphate product used as a feedstock for battery cathode materials. The company plans to produce HPMSM from the Chvaletice Manganese Project and has entered into a non-binding offtake term sheet with Integrals Power Limited for potential future supply.
- How is Euro Manganese funding development of the Chvaletice project?
Based on company news releases, Euro Manganese has undertaken financings such as a Security Purchase Plan, unit offerings involving shares, CDIs and warrants, and a Convertible Loan and Royalty Agreement with Orion Resource Partners. Proceeds are described as supporting development of the Chvaletice Manganese Project and related strategic initiatives.
- Is Euro Manganese involved in recycling or remediation activities?
Yes. The Chvaletice Manganese Project is described as a waste-to-value recycling and remediation opportunity that reprocesses old tailings from a decommissioned mine. This approach is presented as contributing to a circular, low-carbon economy while producing high-purity manganese products.
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No SEC filings available for EUMND.
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Short Interest History
Short interest in EUMND (EUMND) currently stands at 3.0 thousand shares.
Days to Cover History
Days to cover for EUMND (EUMND) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.