Euro Manganese Signs Offtake Term Sheet with 6K Energy Following Preliminary Qualification of High-Purity Manganese

Euro Manganese Inc. has entered into a non-binding offtake term sheet with 6K Energy for the proposed sale of high-purity electrolytic manganese metal (HPEMM) from the Chvaletice Manganese Project. The agreement follows successful third-party testing and preliminary qualification of the material by 6K Energy, providing independent validation of product quality for advanced battery applications.

The term sheet contemplates a long-term, take-or-pay arrangement with market-linked pricing designed to support anticipated debt financing. Initial volumes are targeted from the Demonstration Plant beginning in 2028. The parties agreed to evaluate broader commercial opportunities, including potential supply meeting U.S. National Defense Authorization Act requirements. Next steps involve negotiating a definitive, binding offtake agreement to lock in pricing, volumes, and commercial terms.

Euro Manganese Inc. (EMN) has entered into a non-binding offtake term sheet following a previously announced qualification process. The agreement does not change the project's funding status, production timeline, or risk profile. The news is expected, having been telegraphed by prior qualification updates, and lacks immediate financial or operational impact. The market has already priced in the project's development-stage risks, with the stock trading near multi-month lows.

Euro Manganese Inc. is a development-stage company focused on the Chvaletice Manganese Project in the Czech Republic. The project involves re-processing historic tailings to produce high-purity manganese products (HPEMM and HPMSM) for lithium-ion and sodium-ion batteries. It is positioned as Europe's only integrated high-purity manganese project. The company also holds a secondary asset, the Bécancour Plant in Quebec, Canada, which is currently on hold pending financing.