Prime Highlights :
- Euro Manganese hosts US Ambassador Nicholas Merrick at its Chvaletice high-purity manganese project in the Czech Republic.
- IEA projects the Czech Republic could supply 5% of global high-purity manganese capacity by 2035.
Key Facts :
- James Connolly joins Euro Manganese’s Board of Directors as Dr. David Dreisinger steps down.
- Battery-grade manganese demand is expected to double by 2040, per IEA’s Global Critical Minerals Outlook.
Background :
Euro Manganese Inc. has updated investors on progress at its Chvaletice Manganese Project in the Czech Republic, covering a diplomatic visit, market developments, boardroom changes and its annual general meeting timing.
The Vancouver-based company hosted US Ambassador to the Czech Republic Nicholas Merrick at the Project site and Demonstration Plant, briefing him on plans to build what it calls Europe and North America’s only vertically integrated source of high-purity manganese products.
The visit highlighted the Project’s potential to supply manganese for battery, energy storage, technology and defence uses across the United States and Europe, including possible earlier product delivery from the Demonstration Plant.
Euro Manganese said an integrated European producer would lower geopolitical risk and diversify supply chains now dominated by a small number of countries.
Citing the International Energy Agency’s Global Critical Minerals Outlook, the company said the Czech Republic could supply about 5% of global high-purity manganese capacity by 2035, while battery-grade manganese demand is set to double by 2040. The report found a single dominant supplier drove nearly all recent supply growth, pushing the top refining country’s share to 72%.
James Connolly has joined the Board of Directors after securing his Australian Director Identification Number, adding capital projects and financing experience. Dr. David Dreisinger has resigned from the board and will now advise the company as a consultant.
Separately, British Columbia’s Registrar of Companies granted Euro Manganese an extension to hold its annual general meeting, giving the company more room to time it around business priorities.