Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (February 2021)
35 slides from Euro Manganese's investor presentation, Feb 23, 2021
Slide 1: Manganese is Electric!
For personal use only Manganese is Electric! GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE
Slide 2: Chvaletice Manganese Project Corporate Presentation February 2021
Europe’s only realistic opportunity for large-scale primary production of Recycling waste! high-purity manganese products, None of the impacts of hard rock mining. critical battery raw materials. No new waste. Remediating a polluted site. For personal use only Chvaletice Manganese Project Corporate
Slide 3: Cautionary Note: Forward-Looking Statements and Risks Notice
Cautionary Note For personal use only Forward-Looking Statements and Risks Notice Except for statements of historical fact relating to the Euro Manganese Inc. (“EMI” or the “Company”), certain information contained in this presentation constitutes forward-looking statements. When we discuss our cost
Slide 4: Compliance Statements
Compliance Statements Competent and Qualified Persons Statement For personal use only All production targets for the Chvaletice Manganese Project referred to in this presentation are underpinned by estimated Measured and Indicated Mineral Resources prepared by competent persons and qualified persons
Slide 5: High Purity Manganese (HPM) Market Set to be Transformed
High Purity Manganese (HPM) Market Set to be Transformed For personal use only HPM demand growing rapidly on back of growth in the Li-ion and EV markets Significant barriers of entry to HPM, where not all manganese ores and HPM are created equal Mn used in the vast majority of Li-ion batteries, with
Slide 6: Strategic European Source of HPM Supply
Strategic European Source of HPM Supply For personal use only Globally significant, 25- year project expected to be Europe’s only primary producer of High Purity Electrolytic Manganese Metal (“HPEMM”) and High Purity Manganese Sulphate Monohydrate (“HPMSM”) Located in the heart of Europe’s fast grow
Slide 7: Europe is becoming a global hub for EV and battery production
Europe is becoming a global hub for EV and battery production For personal use only FINLAND HUNGARY GERMANY ~15 GWh 32 GWh FINLAND SLOVAKIA ITALY FINLAND 10 GWh 2.5 GWh TBD (Eastern Europe) GERMANY SWITZERLAND 24 GWh 1 GWh POLAND TBD ~30 GWh Precursors & Cathodes FRANCE 2 GWh HUNGARY Battery Cells P
Slide 8: Tesla Pivots to Manganese
Tesla Pivots to Manganese The Impact of Tesla’s Battery Day – September 22, 2020 For personal use only Tesla plan to mass-produce a new battery which requires 1/3 manganese and 2/3 nickel for passenger vehicles (Models S, 3, X and Y) The new cathode formulation design is expected to help lower the p
Slide 9: New green battery regulations on the horizon
New green battery regulations on the horizon Europe’s new strategic approach to batteries For personal use only Proposed new regs are part of the EU’s green transition EU taking “resolute action” for the sustainable production, deployment and waste management of all batteries placed on the EU market
Slide 10: Excellent Infrastructure and Jurisdiction
Excellent Infrastructure and Jurisdiction For personal use only Rail, highway, gas pipeline, water and competitively-priced power available on-site Rights to industrially-zoned land adjacent to deposit secured for Chvaletice plant Czech Republic: Sophisticated, stable and business- friendly jurisdic
Slide 11: Easily Treated Carbonate Tailings
Easily Treated Carbonate Tailings For personal use only Uniform and fully drilled deposit very well suited to production of HPM using clean, modern and commercially proven technologies Carbonate ore and tailings deposit provide significant extraction and processing cost and environmental advantages
Slide 12: Waste Recycling, Not Mining
Waste Recyling, Not Mining For personal use only Recycling of old mine waste and remediation of polluted site, solving an old environmental problem No drilling, blasting, crushing or milling No new mining waste or tailings! Preliminary mining permit issued in 2018 Solid permitting momentum Successfu
Slide 13: Clear Development Plan
Clear Development Plan Resource Completely Drilled. Over 98% classified as Measured under JORC/NI 43-101 For personal use only Extensive Metallurgical Testing and Engineering: Conducted by world-leading firms with deep HP Mn experience. 2018 Pilot Plant: Confirmed ultra-high purity nature of Chvalet
Slide 14: Project Enters Next Stage of Permitting Process
Project Enters Next Stage of Permitting Process An important regulatory milestone For personal use only Screening of preliminary Environmental Impact Assessment (EIA) is complete Six-month screening procedure by Czech Republic Ministry of the Environment solicited feedback from government bodies and
Slide 15: Demonstration Plant – Fabrication underway
Demonstration Plant – Fabrication underway A Key Next Step for Euro Manganese For personal use only The Demonstration Plant (DP) is a key element of EMN’s Chvaletice development strategy. Order placed in November 2020. Delivery targeted summer of 2021. Lump-sum, turnkey EPC contract awarded to CRIMM
Slide 16: The Chvaletice Manganese Project: A mature and advanced development opportunity
The Chvaletice Manganese Project: A mature and advanced development opportunity For personal use only Over five years of technical studies, evaluation and planning work by a very capable and committed team paying meticulous attention to detail: • Over C$25 million invested to date by EMN to advance
Slide 17: The Chvaletice Manganese Project: An advanced and strategic development opportunity
The Chvaletice Manganese Project: An advanced and strategic development opportunity For personal use only Uncompromising technical, social and environmental standards • Strong in-house capabilities, experience and award-winning track record • Project planning and execution brings together many of th
Slide 18: Highly Experienced Management Team
Highly Experienced Management Team Solid multidisciplinary team with proven development experience and For personal use only award- winning track record of excellence in environmental and social practices Rare in-house HPM production experience • “God is in the details” World-leading HPM technology,
Slide 19: World-Class Team: HPM Experience and Strong Project Execution Capabilities
For personal use only WORLD-CLASS TEAM : HPM Experience and Strong Project Execution Capabilities GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 19
Slide 20: Thank You!
For personal use only Thank You! Marco A. Romero | President & CEO | Tel: +1-604-681-1010 x 101 1500 - 1040 West Georgia Street | Vancouver, BC Canada V6E 4H8 info@Mn25.ca | www.Mn25.ca EMN on ASX and TSXV GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE
Slide 21: Appendices
For personal use only APPENDICES 28 GREEN AND EUROPEAN EUROPEAN SOURCE SOURCE OF OF ULTRA ULTRAHIGH-PURITY HIGH-PURITYMANGANESE MANGANESE
Slide 22: HP Manganese Market Opportunity
HP Manganese Market Opportunity Conversion to Cathode 0.473 kg 1.453 kg 1.439 kg For personal use only 1% loss 5% loss HPEMM HPMSM HPMSM MnSO4H2O Production Some new battery formulations Equivalentto will use up to 2.3 times more 0.445 kg manganese than the prevalent HPEMM NMC-111 chemistry Gross M
Slide 23: Manganese Use in NMC and LNMO Cathode Formulations
Manganese Use in NMC and LNMO Cathode Formulations For personal use only Li-ion Rechargeable Battery Demand to 2040 The vast majority of Li-ion batteries use manganese 3,500 in their cathodes and require HPM • Little price sensitivity given Mn is lowest cost input 3,000 in a Li-ion battery (0.25%-2.
Slide 24: EU, North America and China share of Lithium-ion Battery Raw Materials Supply Chain
EU, North America and China share of the Lithium-ion Battery Raw Materials Supply Chain For personal use only Stage One: Mining Stage Two: Chemical Processing/Refining Chemical Processing Nickel 8% 0% 31% Nickel 13% 1% 65% Mining Cobalt 0% 0% 1% Cobalt 17% 0% 68% 1 1 Graphite 1% 0% 65% Graphite 0% 0
Slide 25: Fully Drilled Ore Body
Fully Drilled Ore Body 2017-2018 DRILL PROGRAM For personal use only 160-Hole 2017-2018 Sonic and auger drill program upgraded the resource estimate to a Measured and Indicated Status (98.3% of the resource classified as Measured under NI 43:101/JORC 2012) Cell 1 Resource model forms reliable basis
Slide 26: 2018 NI 43-101 / JORC Resource Estimate
2018 NI 43-101 / JORC Resource Estimate For personal use only Updated Resource Estimate NI 43:101/JORC 2012 Resource Estimate included in 2017 – 2018: 160-hole drilling Technical Report dated March 15, 2019 by Tetra Tech Canada Inc. program findings • Manganese is for the most part Chvaletice Minera
Slide 27: Waste Recycling. Not Mining!
Waste Recycling. Not Mining! Meeting Europe’s Circular Economy Goals by Recycling Waste For personal use only Progressive Site Reclamation After Mn extraction, tailings are washed and neutralized, placed gradually on impermeable membranes, capped and progressively revegetated for long-term use. Site
Slide 28: Easily Treated Carbonate Tailings: Simpler Cost-Effective Processing
Easily Treated Carbonate Tailings Simpler Cost-Effective Processing For personal use only Asia imports the majority of its manganese ore used for HPM production, predominantly from oxide sources in Africa In comparison, EMN processes tailings onsite with simple commercially proven technologies Conce
Slide 29: Target Project Development Timeline
Target Project Development Timeline RECENT MILESTONES NEAR TERM MILESTONES For personal use only 2018 2019 2020-2021 2022-2024 ✓ Upgrade resource estimate to NI43-101 ✓ Complete NI-43-101/JORC Code Build and commission Complete customer Measured and Indicated status Preliminary Economic Demonstratio
Slide 30: Feasibility Study
Feasibility Study Feasibility Study initiated in 2019 based on process flowsheet developed during scoping Highly experienced Feasibility Study contributors: and pre-feasibility study programs conducted during 2017 and 2018. Feasibility Study For personal use only completion scheduled for H2 2021 • T
Slide 31: Demonstration Plant Modules
Demonstration Plant Modules (Replicates pilot plant flow sheet – conventional, commercially-proven technology) For personal use only Located adjacent to Chvaletice tailings deposit and power plant Building #1 East - Beneficiation module • Raw tailings pulp • Magnetic separation • Manganese concentra
Slide 32: Leadership Team - Canada
Leadership Team - Canada For personal use only Marco Romero Martina Blahova Andrea Zaradic Fausto Taddei Thomas Glück PRESIDENT & CEO, CHIEF FINANCIAL OFFICER VICE PRESIDENT OPERATIONS VP CORPORATE DEVELOPMENT & CHIEF TECHNOLOGY OFFICER FOUNDER & DIRECTOR CORPORATE SECRETARY • 20 years of experience
Slide 33: Leadership Team – Europe
Leadership Team – Europe For personal use only Jan Votava Wenling Sun Tomas Hochmann Blanca Dobrkovská Lucie Jaremová MANAGING DIRECTOR OF STRATEGIC DIRECTOR, TECHNICAL DIRECTOR ENVIRONMENTAL MANAGER PROCUREMENT CHINA MANAGER MANGAN CHVALETICE S.R.O. • Started career in basic • Engineer of Environme
Slide 34: Non-Executive Directors
Non-Executive Directors 7 For personal use only David Dreisinger John Webster Gregory Martyr Tom Stepien DIRECTOR CHAIRMAN DIRECTOR DIRECTOR & DIRECTOR • Professor and chair holder • Over 30-years experience • CEO of Primus Power, a battery • Senior finance professional of the Industrial Research in
Slide 35: Euro Manganese Inc. - Capitalization
Euro Manganese Inc. - Capitalization For personal use only Dual IPOs completed on October 2nd, 2018. Capitalization as of January 15, 2021 Shares trade on the TSX Venture Exchange Shares1 (including ~187.6 Mill. CDIs) 319,066,332 and CHESS Depository Instruments (CDIs) Options 19,266,000 trade on th
Euro Manganese — Investor Presentation (February 2021) on 6ix