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Euro Manganese and Integrals Power Sign LOI and Offtake Term Sheet to Strengthen LMFP Battery Supply Chain
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Euro Manganese Inc. (TSXV: EMN) (...
About this update from Euro Manganese, Inc.
[{"type":"text","content":"Euro Manganese and Integrals Power Sign LOI and Offtake Term Sheet to Strengthen LMFP Battery Supply ChainVancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the \"Company\" or \"Euro Manganese\") announced today that it has entered into an offtake term sheet dated June 18 (the \"Term Sheet\") with Integrals Power Limited (\"IPL\"), for the sale of high-purity manganese sulphate from the Company's Chvaletice Manganese Project (\"Chvaletice\" or the \"Project\") in the Czech Republic.HighlightsUK-based Integrals Power Limited is a next-generation battery nano-materials company that has developed an innovative and proprietary process for producing high-performance, cost effective and scalable battery cathode materials such as Lithium Iron Phosphate (\"LFP\") and Lithium Manganese Iron Phosphate (\"LMFP\") for lithium-based batteries. Euro Manganese and IPL will partner to support the use of the Company's battery-grade High Purity Manganese Sulphate Monohydrate (\"HPMSM\") in IPL's LMFP cathode material for use in batteries for electric vehicles, grid-scale storage, defence and other applications.Initial program of test work to determine the compatibility of the Company's HPMSM with IPL's production process and the performance of the resulting LMFP cathode material will commence in the third quarter of 2025. Successful completion of this work will pre-qualify Euro Manganese's HPMSM as a feedstock for IPL's LMFP cathode and the supply chain served by this new technology, and potentially lead to further collaboration.Pursuant to the Term Sheet, deliveries are to commence from first commercial production for an initial term of seven years, with the option to renew for additional successive four-year periods. The commencement of the initial term shall be subject to successful qualification by IPL of the Company's high-purity manganese product from the Chvaletice Demonstration Plant.Pricing will be subject to market indicators, with mechanisms for increase/decrease tied to certain benchmarks.The Term Sheet for the future supply of Euro Manganese's HPMSM to IPL and any licensee of their technology is non-binding and includes terms associated with cost sharing of initial test work.Martina Blahova, CEO of Euro Manganese, commented:\"We are excited to partner with Integrals...