Euro Manganese Appoints Stifel Nicolaus Europe Limited as Project Finance Advisor for the Chvaletice Manganese Project

Euro Manganese Inc.

VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (“Euro Manganese“, the “Company” Where “REM“) is pleased to announce that it has appointed Stifel Nicolaus Europe Limited, a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF) (“Stifel“) as financial advisor to assist in structuring and securing project financing for the development of the Company’s flagship Chvaletice Manganese project (“CPM” Where “Project“), located in the Czech Republic.

The appointment of Stifel, a leading financial advisory group in the field of battery metals, allows the Company to engage in dialogue with a number of potential financiers and allows due diligence to begin. Euro Manganese will work with Stifel to determine the optimal funding structure for the CMP.

Stifel is a full-service global investment bank with significant expertise in the metals and mining sector. The firm provides a range of institutional services, including strategic trading advice on the debt and equity markets. Stifel’s Capital Solutions group provides project finance advisory services globally with proven expertise in advising on debt financing of development projects within the energy transition supply chain.

Key milestones to help secure project funding include:

  • Completion of the Chvaletice Manganese project feasibility study (expected in the coming weeks).

  • Execution of binding removal agreements.

  • Finalization of land access agreements.

  • Approval of the Environmental and Social Impact Study (“ESIA“) and the final authorization. The ESIA is expected to be submitted to the Czech Ministry of the Environment in the third quarter of 2022.

Matthew JamesPresident and CEO of Euro Manganese, said:

“Stifel is a reputable capital solutions advisory firm with a successful fundraising and debt experience. Euro Manganese will benefit from its extensive experience in project financing and its relationships with strategic partners in the European market for batteries for electric vehicles. This appointment is an important milestone for the company as we seek to complete the project milestones and move towards a final investment decision, expected in 2023. We look forward to working with the Stifel team to execute a financial package successful for the Chvaletice Manganese project.

Jan-Erik Backthe head of Stifel’s Capital Solutions group said:

“Euro Manganese is uniquely positioned to capitalize on the growth of the European electric vehicle market. Having the only significant manganese resource in Europe combined with the development of a processing plant to produce high purity manganese products, they will have a fully traceable and sought after product for the electric vehicle industry. Additionally, as the Chvaletice project involves the reprocessing and rehabilitation of historic mine tailings, the project’s environmental credentials should be very compelling to financiers. Stifel is proud to partner with Euro Manganese to help move this critical battery materials project forward.

About Euro Manganese Inc.

Euro Manganese Inc. is a battery materials company focused on becoming a leading, competitive and environmentally responsible producer of high purity manganese for the electric vehicle (EV) industry and other battery applications. high technology. The Company is advancing the development of the Chvaletice Manganese project in the Czech Republic, which is a unique waste recovery and remediation opportunity involving the reprocessing of old tailings from a disused mine. The Chvaletice project is the only significant manganese resource in the European Union, strategically positioning the company to supply battery supply chains with critical raw materials to support the global transition to a low-carbon, circular economy.

About Stifel

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, which conducts its banking, securities and financial services businesses through several wholly owned subsidiaries. Stifel’s brokerage clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its trading division Eaton Partners; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s affiliate brokers provide securities brokerage, investment banking, trading, investment advisory and related financial services to individual investors, professional fund managers, corporations and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of personal and corporate lending solutions. Stifel Trust Company, NA and Stifel Trust Company Delaware, NA provide trust and related services. To learn more about Stifel, please visit the company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

Authorized for publication by the CEO of Euro Manganese Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release. .

Requests

Dr Matthew James
President and CEO
+44 (0)747 229 6688

Louise Bourges
Senior Director Investor Relations and Communications
+1 (604) 312-7546
lburgess@mn25.ca

Company address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: www.mn25.ca

Forward-looking statements

Certain statements contained in this press release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. These statements and information involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company, its projects or the results of the industry to be materially different from the results , expressed or implied future performance or achievement. by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, ” plans”, “anticipates”, “estimates”. ”, “planned”, “expect”, “predict” and other similar terms, or indicate that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be reached. Such forward-looking information or statements relate to future events or future performance regarding the Company and its business and operations, which include, but are not limited to: the Company’s ability to secure remaining land surface rights; completion and timing of the definitive feasibility study; the timing, the Company’s ability to negotiate off-take agreements with potential customers; and the Company’s ability to arrange financing for the large-scale commercial development of the Project. Further, it should be noted that no production decision has been made with respect to the project and that such a decision will only be made following the completion of a positive feasibility study, permits and funding has been secured.

Readers are cautioned not to place undue reliance on any forward-looking information or statements. Forward-looking statements and information involve significant risks and uncertainties, should not be construed as guarantees of future performance or results, and will not necessarily be accurate indicators of whether or not those results will be achieved. A number of factors could cause actual results to differ materially from results discussed in any forward-looking statements or information, including, but not limited to, factors discussed under “Risk Opinions” and elsewhere in the report. management of the Company, as well as the inability to obtain timely regulatory approvals; the possibility that unknown or unforeseen events could lead to breaches of contractual terms; unexpected changes in laws, rules or regulations, or their enforcement by competent authorities; the failure of parties to contracts with the Company to perform as agreed; social or labor unrest; changes in commodity prices; and the failure of exploration programs or studies to produce anticipated results or results that would justify and support continued exploration, studies, development or mining.

Although the forward-looking statements contained in this press release are based on what management of the Company believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to the factors set forth in the “Risk Opinions” section and elsewhere in the Company’s MD&A for the fiscal year ended September 30, 2021 and its annual information form. .

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