Euro Manganese starts project "optimization program"

Executive Summary

• Euro Manganese Inc. is advancing an optimization program for its Chvaletice manganese project in the Czech Republic to strengthen economics and align with global battery market demand.
• The company has engaged external engineering specialists to identify commercial plant efficiency improvements, aiming for reduced operating costs, improved recoveries, and optimized capital expenditures.
• A MarketEye report confirms the company's metal-route process is the most flexible pathway for future-proofing output, allowing production of both high-purity manganese sulphate monohydrate (HPMSM) and high-purity electrolytic manganese metal (HPEMM).

Key Details

• Optimization Program Focus: The program targets operating cost reductions, improved recoveries, and optimized capital expenditures based on learnings from the demonstration plant.
• Engineering Review: External engineering specialists, including a large engineering firm, have been engaged to conduct independent reviews and recommend efficiency upgrades and best-practice design refinements.
• Market Validation: A report by Andrew Zemek at MarketEye (September 2025) confirms the metal-route process is the most flexible way to future-proof the Chvaletice commercial plant against changing demand for manganese feedstock mixes.
• Product Flexibility: The process allows for the production of HPMSM (dominant feedstock for cathode chemistries) and HPEMM (which can be used to produce alternative feedstocks like manganese oxide and manganese carbonate).
• Strategic Context: The update highlights growing global demand for high-purity manganese driven by EV batteries (high manganese designs), stationary energy storage, and defense applications.
• Supply Gap: Independent forecasts anticipate significant supply shortfalls post-2027, underscoring the need for secure, low-carbon sources outside of China.
• Next Steps: Outcomes of the optimization program will inform next-phase development plans and potential updated technical studies.

Notable Quotes

• Martina Blahova, President and CEO: "With our demonstration plant having validated the Chvaletice process and product quality, our focus has shifted to translating these learnings into commercial-scale efficiencies. Our focus on recovery and costs aims to achieve meaningful improvements in unit operating costs and capital intensities."
• Rick Anthon, Chairman: "Euro Manganese's strategic advantage lies in its combination of strong project fundamentals, proven flowsheet and alignment with Europe's decarbonization and economic security goals. The optimization program aims to ensure we maintain our competitive edge and build on our first-mover advantage in Europe with a goal of reducing costs and maximizing value for shareholders..."