Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (June 2021)
33 slides from Euro Manganese's investor presentation, Jun 28, 2021
Slide 1: Recycling yesterday's waste to support Europe's e-mobility future
For personal use only Recycling yesterday’s waste to support Europe’s e-mobility future Chvaletice Manganese Project June 2021 EMN on ASX and TSXV , EUMNF on OTCQX GREEN AN D EURO P EAN SO URCE O F ULTRA HIGH- P URITY MAN GAN ESE
Slide 2: Cautionary Note
Cautionary Note For personal use only Forward-Looking Statements and Risks Notice Except for statements of historical fact relating to Euro Manganese Inc. (“EMI” or the “Company”), certain information contained in this presentation constitutes forward-looking statements. When we discuss our costs an
Slide 3: 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 4: A unique waste recycling project in the EU
A unique waste recycling project in the EU For personal use only Globally significant, 25-year project to produce ~50,000 tonnes per annum of manganese in the form of battery-grade products Expected to be Europe’s only primary producer of high-purity manganese and the only one in the world doing so
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 – Cost, Product quality and environmental footprint c
Slide 6: EV industry leaders pivot to manganese
EV industry leaders pivot to manganese Tesla, Volkswagen and BASF move to high Mn battery formulations For personal use only Volkswagen Auto Group and Tesla have each announced plans to mass- produce a new battery that requires a high proportion of manganese with no cobalt – Tesla at ~33% Mn, and VW
Slide 7: EU, North America and China's share of lithium-ion battery raw materials supply chain
EU, North America and China’s share of 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 8: Manganese demand in LiB cathode formulations accelerates
Manganese demand in LiB cathode formulations accelerates For personal use only 2020 TTL: 3,613 GWh Global Gigafactory Today (2020) 48% of batteries use HPM Capacity [all chemistries] 48% The proportion of batteries Tomorrow (2023) ~62%+ will use it (May 2021 Forecast by Benchmark Minerals Intelligen
Slide 9: Evolving forecast for Li-ion batteries made with high purity manganese
Evolving forecast for Li- ion batteries made with high purity manganese GWh of demand for Li-ion batteries For personal use only using high purity manganese (HPEMM or HPMSM). 2600 The current forecast is the most Mn-bullish of the last five forecasts by Cairn ERA (red line). 2100 The graph illustrat
Slide 10: Global HPM demand from the battery industry
Global HPM demand from the battery industry For personal use only Comparison of recent demand High Purity Manganese Demand from battery industry (thousand tonnes of Mn contained) forecasts for high purity manganese from battery industry HP Mn Q1/2020 F-cast Current Forecast (Q1/2021) 1,000 Calculate
Slide 11: A manganese resource unlike any other
A manganese resource unlike any other Tailings reprocessing, not mining For personal use only 2017 drill holes Recycling of waste from a 2018 drill holes decommissioned mine. Remediation of polluted site, solving a longstanding environmental problem No drilling, blasting, crushing or milling No new
Slide 12: A rapidly advancing HPM development opportunity
A rapidly advancing HPM development opportunity For personal use only More than five years of technical studies, evaluation and planning work Over CAD$30 million invested to date by EMN to advance the Chvaletice Project Company is well funded, after recent oversubscribed private placement of AUD$30.
Slide 13: Excellent infrastructure and jurisdiction
Excellent infrastructure and jurisdiction Rail, highway, gas pipeline, water and competitively-priced power For personal use only available on-site Land assembly completed for Chvaletice plant site Czech Republic: Sophisticated, stable and business- friendly jurisdiction in the European Union CAD$27
Slide 14: Target market - the EU battery supply chain
Target market - the EU battery supply chain ITALY FINLAND HUNGARY For personal use only 2.5-15 GWh ~15 GWh SLOVAKIA ITALY FINLAND 10 GWh 70 GWh SWITZERLAND CZECHIA FINLAND 20 GWh 1 GWh FINLAND SPAIN FRANCE 2 GWh SPAIN GERMANY 2-10 GWh FRANCE TBD POLAND 32 GWh Precursors & Cathodes ~30 GWh W. EUROPE
Slide 15: Effective process flowsheet
Effective process flowsheet Using proven, conventional and commercial technologies For personal use only Ra w HP EMM d is s o lu t io n , t a ilin g s Ma g n e t ic Le a c h in g a n d Ele c t ro lys is = d e e p p u rific a t io n & e xc a va t e d a n d s e p a ra t io n p u rific a t io n HP EMM
Slide 16: Demonstration Plant - fabrication underway
Demonstration Plant - fabrication underway A key next step for Euro Manganese For personal use only DP is 7X scale-up of EMN’s successful Pilot Plant constructed in 2018 97% of procurement completed. Site delivery of DP modules targeted in autumn of 2021, with installation and commissioning schedule
Slide 17: Pilot plant restart
Pilot plant restart Will help accelerate supply chain qualification For personal use only Pilot plant restart responds to requests from prospective customers, primarily in Europe, who want to begin or accelerate supply chain qualification. The pilot plant will produce small samples of high-purity ma
Slide 18: 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 19: Progressive environmental practices
Progressive environmental practices Governance focused on achieving social and For personal use only environmental excellence After Mn extraction, tailings will be washed and neutralized, dry-stacked gradually on impermeable membranes, capped and progressively revegetated for long-term, productive c
Slide 20: Project in advanced stage of environmental permitting
Project in advanced stage of environmental permitting For personal use only Screening of preliminary EIA completed in late 2020 Six-month screening procedure by Czech Republic Ministry of the Environment solicited feedback from government bodies and communities Conclusion of the screening was the cu
Slide 21: Highly experienced management team
Highly experienced management team Solid multidisciplinary team with proven development experience and award- winning track For personal use only record of excellence in environmental and social practices Management team and directors are company builders with extensive experience in corporate finan
Slide 22: EMN is well-funded
EMN is well- funded For personal use only Oversubscribed private placement of AUD$30.0 million (CAD$29.0 Million) completed in May, 2021. • Offering was anchored by a strategic investor and an ESG-focused fund, with strong support from several existing institutional shareholders • Proceeds of the Of
Slide 23: Target timeline
Target timeline 2021 • Restart pilot plant (Q4) For personal use only • Build and commission Demonstration Plant • Additional offtake MoUs/agreements Secure significant initial EU funding 2022 - 2025 • Begin operation of Demonstration Plant + start supply chain qualification process (early 2022) • C
Slide 24: Euro Manganese Inc. – capitalization
Euro Manganese Inc. – capitalization Dual IPOs completed on October 2nd, 2018. For personal use only Capitalization as of June 22, 2021 Shares trade on the TSX Venture Exchange Shares (including ~252.8 Mill. CDIs) 372,023,082 and CHESS Depository Interests (CDIs) trade Options 21,531,331 on the Aust
Slide 25: Uncompromising Technical, Environmental, Social and Governance standards
The Chvaletice Manganese Project: Uncompromising Technical, Environmental, Social and Governance standards For personal use only • Strong in-house capabilities, experience and ESG award-winning track record • Project planning and execution brings together many of the most experienced minds and techn
Slide 26: Thank You!
For personal use only Thank You! Marco A. Romero | President & CEO | Tel: +1-604-681-1010 x 101 #709 – 700 West Pender Street | Vancouver, BC Canada V6C 1G8 info@Mn25.ca | www.Mn25.ca EMN on ASX and TSXV; EUMNF on OTCQX GREEN AN D EURO P EAN SO URCE O F ULTRA HIGH- P URITY MAN GAN ESE
Slide 27: Appendices
For personal use only APPENDI CES 27 GREEN AND AN D EUROPEAN EURO P EANSOURCE SO URCE OF O F ULTRA ULTRAHIGH - PURITY HIGH- P URITYMANGANESE MAN GAN ESE
Slide 28: HP manganese market opportunity
HP manganese market opportunity Conversion to Cathode 0.565 kg 1.719 kg 1.633 kg For personal use only prod. losses prod. losses HPEMM HPMSM HPMSM MnSO4H2O Production Equivalentto 0.445 kg HPEMM Gross Mn weight required for 1 kWh of battery capacity: NMC-111: 0.520 kg HPEMM or 1.597 kg HPMSM NMC-53
Slide 29: 2018 NI 43-101 / JORC Resource Estimate
2018 NI 43 - 101 / JORC Resource Estimate 2017 – 2018: 160-hole For personal use only drilling program findings Updated Resource Estimate NI 43:101/JORC 2012 Resource Estimate included in Technical Report dated March 15, 2019 by Tetra Tech Canada Inc. • Manganese is for the most part evenly distribu
Slide 30: 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, dry-stacked gradually on impermeable membranes, capped and progressively revegetated for long-term use
Slide 31: 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 • 42 years of diversifie
Slide 32: 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 OFFICER MANGAN CHVALETICE S.R.O CHINA • Engineer with 19 years • Highly experienced mini
Slide 33: Independent Directors
Independent 7 Directors For personal use only David Dreisinger Tom Stepien John Webster Gregory Martyr DIRECTOR DIRECTOR CHAIRMAN & DIRECTOR DIRECTOR • Professor and Chair of the • CEO of Primus Power, a battery • Senior finance professional who • Over 30 years of experience in Industrial Research C