Euro Manganese Appoints Bacchus Capital Advisers and Provides Demonstration Plant Strategy Update - Seite 2

Update on Strategy Related to the Chvaletice Demonstration Plant

Key prospective customers have expressed interest in securing long-term supply of high-purity manganese products from the Chvaletice Manganese Project and in testing the products of the proposed Chvaletice Demonstration Plant (“DP”). These Customers have included manufacturers of electric vehicle batteries, precursors and cathodes, and chemical, aluminum and steel companies, as well as electric vehicle manufacturers. The Company has been conducting discussions and negotiations with parties from Europe, Asia and North America. These are expected to lead to the selection of a group of companies that will be provided with the opportunity to test, evaluate and begin the qualification process for the Chvaletice Manganese Project, initially based on the manganese product that will be produced at the Chvaletice DP.  These bulk samples are principally expected to be used for the design and testing of precursor and cathode formulations, in combination with specific lithium, nickel and cobalt sources, for use in automotive lithium-ion batteries. EMN also anticipates that some material will be tested in connection with high-end specialty steel, aluminum and other chemical and high-technology applications. The Company is planning to allocate the DP’s production in the coming months. Upon successful completion of testing and evaluation of these products, EMN would expect to enter into offtake agreement negotiations with these parties.

About Euro Manganese Inc.

Euro Manganese Inc. is a Canadian mineral resource company, whose principal focus is advancing the development of the Chvaletice Manganese Project, located approximately 90 km. east of Prague, Czech Republic, in which it holds a 100% interest.  The proposed Project entails the re-processing of a significant manganese deposit hosted in historic mine tailings, strategically located in the heart of Europe. EMN's goal is to build a leading, competitive and environmentally-superior supplier of Ultra-High-Purity Manganese Products, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.