Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (September 2025)
34 slides from Euro Manganese's investor presentation, Sep 9, 2025
Slide 1: Leading the Charge for Sustainable Mobility
For personal use only Leading the Charge for Sustainable Mobility INVESTOR PRESENTATION September 2025
Slide 2: Legal Disclaimer: Forward-Looking Statements and Risks Notice
LEGAL DISCLAIMER Forward-Looking Statements and Risks Notice Certain statements in this presentation constitute “forward looking statements” or “forward looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainti
Slide 3: Introduction
For personal use only Introduction EXECUTIVE SUMMARY 3
Slide 4: Investment Highlights
EXECUTIVE SUMMARY Investment Highlights Euro Manganese - partner for the global energy transition supply chain For personal use only Securing Western supply of high purity, battery grade manganese products HPEMM and HPMSM over 25 years Strategic Project status under EU Critical Raw Materials Act and
Slide 5: Share price and market performance
EXECUTIVE SUMMARY Euro Manganese Inc. Share price and market performance For personal use only 12 MONTH SHARE PRICE PERFORMANCE (C$) CAPITALIZATION – at July 31, 2025 Shares (including ~52.3 million CDIs) 142,804,504 Options 11,046,481 Warrants 89,438,868 Fully Diluted 243,289,853 FINANCIAL METRICS
Slide 6: High-Purity Manganese
For personal use only High-Purity Manganese 101 MARKET OVERVIEW 6
Slide 7: Manganese is an Essential Raw Material in Most Lithium-Ion Batteries
MARKET OVERVIEW Manganese is an Essential Raw Material in Most Lithium-Ion Batteries Battery grade manganese is essential in the ongoing development of new and existing battery chemistries For personal use only HIGH-PURITY MANGANESE1 Affordable • The most affordable and abundant of the NMC cathode m
Slide 8: Manganese Crucial to Price Reduction and Performance Enhancement
MARKET OVERVIEW Manganese Crucial to Price Reduction and Performance Enhancement Battery chemistry1 price and performance segmentation Existing Chemistries No Manganese For personal use only Emerging Chemistries Higher Some Manganese NMC 811, 9.5.5 performance Higher Manganese and cost NMx NMC 111,
Slide 9: Supply-Demand Imbalance Looming for Battery-grade Manganese
MARKET OVERVIEW Supply-Demand Imbalance Looming for Battery-grade Manganese The balanced supply-demand of HPMSM is expected to move into deficit as significant gaps appear post-2027 and increase steadily thereafter up to 6.2 Mt by 2035 For personal use only Global HPMSM market balance, 2023-2035, mi
Slide 10: The Only Integrated Project in Europe, Offering Clear Product Advantages
Negative Positive Neutral The Only Integrated Project in Europe, Offering Clear Chinese suppliers Other global suppliers Euro Manganese Product Advantages Including Low-Carbon and For personal use only Circular Production Likelihood of supply chain disruption Geopolitical tensions Security of supply
Slide 11: Chvaletice Manganese Project
For personal use only Chvaletice Manganese Project COMPANY & PROJECT OVERVIEW 11
Slide 12: Focused on Production of High Purity Manganese Products
PROJECT OVERVIEW Focused on Production of High Purity Manganese Products Chvaletice to produce High Purity Manganese Metal (HPEMM) & High Purity Manganese Sulphate Monohydrate (HPMSM) For personal use only PICTURE 1 2 3 4 A unique recycling Production of two high- Demonstration Plant Feasibility Stu
Slide 13: The Project Transforms Waste-to-Value by Recycling Historic Tailings
PROJECT OVERVIEW The Project Transforms Waste-to-Value by Recycling Historic Tailings Conventional, proven processing of tailings to produce high-purity manganese 2017-2018 Drill Program Recycling For personal use only 2017 drill holes • Historic tailings containing leachable manganese carbonate1 20
Slide 14: Prime Location, Favourable Government Policies and Key Approvals Received
PROJECT OVERVIEW Prime Location, Favourable Government Policies and Key Approvals Received • Located in the Czech Republic, EU member state since 2004, a sophisticated, stable, and business-friendly jurisdiction that is highly REGULATION supportive of new, green investments For personal use only AND
Slide 15: Flow Sheet Produces High-Purity Manganese Products: HPEMM & HPMSM
PROJECT OVERVIEW Flow Sheet Produces High-Purity Manganese Products: HPEMM & HPMSM Process uses commercial technologies and adheres to European environmental regulations For personal use only Ore to Slurry 1 Magnetic 2 Leaching & 3 Electrowinning 4 Dissolution & 5 Ore excavated, Separation Purificat
Slide 16: Demonstration Plant has Produced On-Spec HPEMM and HPMSM
PROJECT OVERVIEW Demonstration Plant has Produced On-Spec HPEMM and HPMSM Final commissioning of Demonstration Plant complete For personal use only Enables large-scale product samples on batch basis • HPMSM produced from dissolution of HPEMM, both produced at the Demonstration Plant • Two independen
Slide 17: Robust Cashflow and Margins Together with Security of Supply for Europe
PROJECT OVERVIEW Robust Cashflow and Margins Together with Security of Supply for Europe Stable production over 25-year project life, supported by 27 Mt reserve base Feasibility Study Base Case Highlights Feasibility Study Price Forecast for HPMSM For personal use only (All figures in USD, July 2022
Slide 18: 2025/2026 Pathway
PROJECT OVERVIEW 2025/2026 Pathway There are a number of material and near-term catalysts expected for EMN For personal use only Q1 Q2 Q3 Q4 2024 2026 2027+ 2025 2025 2025 2025 Demonstration Plant ✓ On-spec HPEMM and HPMSM ▪ Customer samples dispatch for qualification produced ▪ Customer site visits
Slide 19: Introduction to Euro Manganese Executive Team
PROJECT OVERVIEW Introduction to Euro Manganese Executive Team Track record of raising capital and delivering large-scale projects; deep high-purity manganese processing experience For personal use only Martina Blahova Sherry Roberge Laurel Petryk James Fraser Jan Votava Jan-Erik Back CEO Interim CF
Slide 20: Introduction to Euro Manganese Board of Directors
PROJECT OVERVIEW Introduction to Euro Manganese Board of Directors Board of Directors with vast amount of experience in mining and related sectors For personal use only Rick Anthon John Webster Dr. David Dreisinger Ludivine Wouters Thomas M. Stepien Chairman Director Director Director Director • Ove
Slide 21: Project Funding
For personal use only Project Funding PROJECT FINANCE 21
Slide 22: European Bank for Reconstruction and Development (EBRD)
PROJECT FUNDING European Bank for Reconstruction and Development (“EBRD”) EBRD is a leading global financial institution supporting the development of market-oriented economies • EBRD is a multilateral development bank established in 1991 to foster the development of market economies through private
Slide 23: Project Financing Strategy Provides Optionality
PROJECT FUNDING Project Financing Strategy Provides Optionality Strategic Investment Private Offering Public Offering For personal use only Up to US$100M Funding Package At project level, based on NAV At corporate level • EMN • US$20M loan received; • OEMs & key off-takers • Institutional shareholde
Slide 24: Redefining the Offtake Strategy
PROJECT FUNDING Redefining the Offtake Strategy Primary focus on the development of a robust term sheet stage “offtake book” For personal use only • Non-exchange traded product requiring bilateral contractual commitments HPEMM and HPMSM offtake agreements are highly tailored and • Pricing is defined
Slide 25: Recent Positive Offtake Progress
PROJECT FUNDING Recent Positive Offtake Progress Significant volumes of HPEMM and HPMSM now under term sheet and contractual offtake right For personal use only HPEMM HPMSM BY-PRODUCTS • Target to secure offtake contracts for approximately 80% of annual production Executed Offtake Term Sheet with ap
Slide 26: Strategic Project Status, Local and EU-Based Grants
PROJECT FUNDING Strategic Project Status, Local and EU-Based Grants Strategic Project Status will assist in accessing local and EU grants For personal use only EU CRMA Strategic Project Czech Government Grants and EU Innovation Fund and Other 1 2 3 Designation Tax Incentives Sources of EU Funding •
Slide 27: Appendix
For personal use only Appendix 27
Slide 28: Medium and Long-Term Outlook for High-Purity Manganese Remains Robust
MARKET OVERVIEW Medium and Long-Term Outlook for High-Purity Manganese Remains Robust With >90% of high-purity manganese currently produced in China, the market seeks to secure Western supply For personal use only Western manganese outlook Market facing near-term However, the EV transition will robu
Slide 29: Bécancour, Québec First-Mover Advantage in North America for Production of HPMSM
NORTH AMERICA OPPORTUNITY Bécancour, Québec First-Mover Advantage in North America for Production of HPMSM Bécancour land Bécancour overview parcel For personal use only • Scoping study completed in March 2023 to evaluate development of an HPEMM dissolution plant to produce HPMSM. Study leveraged pr
Slide 30: Positive Scoping Study Highlights Released for Bécancour Dissolution Plant
GROWTH OPPORTUNITY Positive Scoping Study Highlights Released for Bécancour Dissolution Plant Study outlined strong preliminary project economics, modest capex, and short build time Plant Design For personal use only Scoping Study Highlights ($ figures in CAD)1 • Throughput of 16k tpa of HPEMM to pr
Slide 31: Resources Converted to Reserves with 98% Classified in Proven Category
RESERVE STATEMENT Resources Converted to Reserves with 98% Classified in Proven Category Estimated in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adapted by CIM Council, as amended, which are materially identical to the JORC Code For personal use only Chval
Slide 32: Notes to Mineral Reserve Statement
RESERVE STATEMENT Notes to Mineral Reserve Statement For personal use only 1. Estimated in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, as amended, which are materially identical to the JORC Code. 2. The Mineral Resource is inclusive
Slide 33: Compliance Statements
LEGAL Compliance Statements Competent and Qualified Persons Statement All production targets for the Chvaletice Manganese Project referred to in this presentation are underpinned by estimated Proven and Probable Reserves prepared by competent persons and qualified persons in accordance with the requ
Slide 34: Leading the Charge for Sustainable Mobility
Leading the Charge for Sustainable Mobility For personal use only TSXV: EMN | ASX: EMN | Frankfurt Stock Exchange: E060 info@Mn25.ca | www.Mn25.ca 34
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