Euro Manganese’s Chvaletice Manganese Project Declared a Strategic Deposit by the Czech Government
VANCOUVER, British Columbia, March 19, 2025 – Euro Manganese Inc. (EMN, EUMNF, E06), a leading European producer of high-purity manganese products for the electric vehicle (EV) and battery industry, is thrilled to announce that the manganese deposit at its Chvaletice Manganese Project (Chvaletice Project or the Project) has been officially declared a Strategic Deposit by the Czech government.
Significance of the Strategic Deposit Designation
This designation is a testament to the economic and strategic importance of the Chvaletice Project to the Czech Republic. It comes as the world transitions towards a more sustainable energy future, with the increasing demand for high-purity manganese essential for the production of batteries used in electric vehicles and renewable energy storage systems.
The Strategic Deposit designation provides several benefits, including:
- Priority access to mining permits: The Czech government will prioritize the issuance of mining permits for the Chvaletice Project, enabling Euro Manganese to move forward with its development plans more efficiently.
- Financial incentives: The designation also includes financial incentives to support the Project’s development, such as tax breaks and subsidies.
- Environmental considerations: The Strategic Deposit designation ensures that the Project will adhere to the highest environmental standards, ensuring minimal impact on the local ecosystem and community.
Impact on Euro Manganese and the Local Community
The Strategic Deposit designation represents a significant milestone for Euro Manganese. It will help the Company to:
- Advance the development of the Chvaletice Project more efficiently.
- Secure long-term supply agreements with battery manufacturers and EV OEMs.
- Create jobs and stimulate economic growth in the region.
- Contribute to the Czech Republic’s transition towards a green economy.
Global Implications
The Strategic Deposit designation is not just a win for Euro Manganese and the Czech Republic, but also for the global community. With the world’s focus on reducing greenhouse gas emissions and transitioning towards sustainable energy, the demand for high-purity manganese is expected to grow significantly. The Chvaletice Project’s Strategic Deposit designation:
- Positions Euro Manganese as a key player in the global manganese market.
- Contributes to the global supply of high-purity manganese for the battery industry.
- Reduces reliance on imported manganese, contributing to energy security and independence.
Conclusion
Euro Manganese’s Chvaletice Manganese Project has taken a significant step forward with the Czech government’s Strategic Deposit designation. This recognition underscores the importance of the Project to the Czech Republic and the global community, as the world transitions towards a more sustainable energy future. With its strategic location, advanced technology, and commitment to sustainability, Euro Manganese is well-positioned to meet the growing demand for high-purity manganese, creating value for its stakeholders and contributing to a greener, more sustainable world.
As we move towards an electric vehicle-driven future, the demand for high-purity manganese will only continue to grow. Euro Manganese’s Chvaletice Project, now a Strategic Deposit, is poised to meet this demand, creating opportunities for growth, jobs, and a greener future for all.
Join us on this exciting journey as we continue to make a positive impact on the world, one manganese atom at a time.
