Company Profile

Euro Manganese is a battery materials company focused on becoming a leading, competitive, and responsible producer of high-purity manganese products for the electric vehicle (EV) industry and other high-technology applications. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic, which is a unique waste-to-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 the Company to provide battery supply chains with critical raw materials to support the shift to a circular, low-carbon economy.

EMN completed a Feasibility Study for the Chvaletice Project in September 2022, which showed robust project economics of an after-tax NPV of US$1.34 billion, using an 8% real discount rate, an IRR of ~22%, and a payback period of ~4 years. Initial capital is expected to be ~US$750M, which includes over US$100M of contingency. Average annual EBITDA is forecasted to be ~US$325M for the 25 year project.

Corporate Speaker

Dr. Matthew James,
President and CEO

Matt James joined Euro Manganese as President and CEO in December 2021. Matt has extensive leadership experience in both established global industrials and small growth companies across the natural resources, chemicals and environmental services sectors. Previous executive roles include: Vice President, Strategy & Corporate Communications at Lynas Corporation; founding Managing Director of Rutila Resources; and Vice President, Strategy and Business Development, Harsco Corporation.

At Lynas Corporation, a specialty metals company, Matt played an instrumental role in raising over A$1 billion in equity and debt funding, and over US$800 million of long-term offtake agreements across the automotive, chemical and engineering sectors. Under his leadership, Lynas grew from a junior miner with a market capitalisation of A$12 million in 2002 to an ASX100 company with a market capitalisation of over A$3 billion in 2011. At Rutila Resources, Matt negotiated the purchase of a vanadium-titanium-magnetite deposit and secured native title agreements in the Pilbara. He led the company through an A$80 million take-over in 2014.

Matt holds a B. Eng. (Hons) degree in Ceramic Engineering from the University of New South Wales, Australia and a Ph.D. in Material Science and Engineering from Queens’ College at the University of Cambridge. He is a Graduate member of the Australian Institute of Directors.

Company Website

Stock Info:

TSXV: EMN, ASX: EMN, OTCQX: EUMNF; Frankfurt: E06.