Business
Euro Manganese Provides Corporate and Operational Update
VANCOUVER, British Columbia, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN"), is pleased to provide an operation
About this update from Euro Manganese, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the \"Company\" or \"EMN\"), is pleased to provide an operational update for its 100%-owned Chvaletice Manganese Project (the “Project”) in the Czech Republic. In summary: Work on the Project Feasibility Study has been initiated and will accelerate in the coming weeks and months. Planning and engineering work for the proposed demonstration plant is nearing completion. Official determination received from the Czech Mining Authority, in consultation with the Czech Ministry of Environment, that the Project’s process tailings will not be classified as hazardous waste and will not be subject to waste disposal fees. Discussions and collaborations with potential offtake and strategic partners are ongoing. The Company is preparing an application for certain Czech Government investment incentives which, if approved, could result in significant tax credits. The Company is developing a plan based on several alternative financing options and expects to appoint a financial advisor to assist with this task. Further detail on each of the above items is provided below. Mr. Marco Romero, President and CEO of EMN, commented: “The Chvaletice Manganese Project is globally significant and has the potential to become a leading and exceptionally green producer of high-purity manganese products, strategically located in the heart of Europe. Our progress is accelerating. We continue to be encouraged by the growing demand for high-purity battery raw materials and, notably, for battery-grade manganese products. We continue to work hard with our partners and other stakeholders to progress the execution and financing of the Project.” Feasibility Study – Appointment of Key Contractors The Company recently completed the evaluation of proposals from a short list of leading engineering and technology firms and expects to appoint the Project’s lead process plant engineers during August 2019. The Project’s feasibility study test work program, which includes numerous optimization and verification tests, is expected to commence immediately thereafter. All other contributors to the Feasibility Study have been selected and these are principally engineering firms based in the Czech Republic. The Feasibility Study is targeted for completion in mid-202...