Euro Manganese, which is developing a project in the Czech Republic, will be listing on the OTCQX trading system in response to growing US investor interest in its Chvaletice project.
The project is designed to produce high-purity manganese products for the automotive battery industry and other high-technology applications by reprocessing manganese-rich waste from a decommissioned mine site in the Czech Republic.
Euro Manganese recently secured the support of European Union-backed organisation EIT InnoEnergy to assist with the company’s financing and commercialisation activities.
CEO Marco Romero says with the agreement of EIT InnoEnergy to help accelerate the Chvaletice project’s integration into Europe’s battery supply chain, the company is another step closer to becoming a key European supplier of high-purity manganese, an essential raw material for electric vehicle battery production.
“The path ahead for us is clear,” says Romero. “We are moving forward with work on our definitive feasibility study, final environmental impact assessment and the building of a demonstration plant, all currently scheduled for completion by the end of this year, and we continue to field strong interest for our products from potential customers. We are taking this important step to provide US-based investors with an efficient way to trade our shares and invest in Euro Manganese as we develop our battery materials business.”
Euro Manganese trades on the TSX and ASX.