Euro Manganese Secures Permanent Mining Lease in Czech Republic

Euro Manganese's subsidiary, Mangan Chvaletice, has received a Determination of Mining Lease permit for the Chvaletice Manganese Project in the Czech Republic, marking a significant milestone in the company's efforts to establish a commercial-scale facility for high-purity manganese production. The permit, effective from January 23, 2025, grants exclusive rights to mineral extraction and consolidates previous authorizations, ensuring robust legal protection for the project area. This initiative, aimed at recycling historic tailings, is positioned to support the transition to a low-carbon economy by supplying critical materials for battery manufacturing. The project is projected to produce substantial quantities of high-purity manganese, with an estimated net present value of $1.3 billion over its operational lifespan. Following this news, shares of Euro Manganese saw a significant increase, reflecting investor optimism about the project's future. The company is focused on becoming a key player in the electric vehicle industry's supply chain.