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Euro Manganese Appoints Stifel Nicolaus Europe Limited as Project Finance Advisor for the Chvaletice Manganese Project
VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) ("Euro Manganese", the "Co
About this update from Euro Manganese, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (\"Euro Manganese\", the \"Company\" or \"EMN\") is pleased to announce it has appointed Stifel Nicolaus Europe Limited, a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF) (\"Stifel\") as financial advisor to assist with the structuring and securing of project financing for the development of the Company’s flagship Chvaletice Manganese Project (\"CMP\" or \"Project\"), located in the Czech Republic. The appointment of Stifel, a leading financial advisory group in the battery metals space, allows the Company to initiate dialogue with a number of potential financiers and allows due diligence to commence. Euro Manganese will work with Stifel to determine the optimal financing structure for the CMP. Stifel is a global, full-service investment bank with significant expertise in the metals and mining sector. The firm provides a suite of institutional services including strategic business advisory across both debt and equity markets. Stifel’s Capital Solutions Group provides project finance advisory services globally with proven expertise in advising on the debt financing of development projects within the energy transition supply chain. The key major milestones to help secure project financing include: Completion of the Feasibility Study for the Chvaletice Manganese Project (expected in the coming weeks). Execution of binding offtake agreements. Finalizing land access agreements. Approval of the Environmental and Social Impact Assessment (\"ESIA\") and final permitting. The ESIA is expected to be submitted to the Czech Ministry of the Environment in Q3 2022. Matthew James, Euro Manganese’s President and CEO, commented: “Stifel is a well-regarded capital solutions advisory firm with a successful track record of debt and equity raises. Euro Manganese stands to benefit from their significant experience in project financing and relationships with strategic partners in the European EV battery market. This appointment is an important step for the Company as we seek to execute project milestones and move towards a final investment decision, expected in 2023. We look forward to working with the Stifel team to execute a successful financing package for the Chvaletice Manganese Project.” J...