Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (May 2022)
29 slides from Euro Manganese's investor presentation, May 16, 2022
Slide 1: The Chvaletice Manganese Project: Corporate Presentation May 2022
For personal use only THE CHVALETICE MANGANESE PROJECT Recycling Yesterday’s Waste To Support Europe’s E-mobility Future Corporate Presentation May 2022 Rendition of fully-reclaimed Chvaletice Site at end of Project
Slide 2: Forward-Looking Statements and Risks Notice
Disclaimer For personal use only Forward-Looking Statements and Risks Notice Except for statements of historical fact relating to Euro Manganese Inc. (“EMN” or the “Company”), certain information contained in this presentation constitutes forward-looking statements. When we discuss our costs and tim
Slide 3: Manganese, the forgotten battery metal, is essential in cathode chemistries
MARKET OVERVIEW Manganese, the "forgotten" battery metal, is essential in cathode chemistries For personal use only All major EV, battery cell and cathode active material producers have numerous manganese-based chemistries in production or under further development 3
Slide 4: Lower cost cathode chemistries to drive high-purity manganese content per KWh
MARKET OVERVIEW Lower cost cathode chemistries to drive high-purity manganese content per KWh For personal use only HP Manganese, like cobalt, stabilises nickel in a HP Manganese requirement by Increasing HP Manganese requirement modern Li-ion EV battery, yet it accounts for only battery chemistry *
Slide 5: High purity manganese demand to accelerate as EV battery market increases
MARKET OVERVIEW High purity manganese demand to accelerate as EV battery market increases Europe’s global hub for EV with 1,400+ GWh Europe’s Battery Factories 2030 EU: Fastest growing high-purity For personal use only planned battery capacity by 2030 manganese market in the world (56 cell factories
Slide 6: Customers and regulators committing to sustainable, traceable, local supply
MARKET OVERVIEW Customers and regulators committing to sustainable, traceable, local supply… OEM, battery & cathode-makers For personal use only BASF: “We in BASF have always believed in having the supply of key raw materials in close customer proximity. We believe that local production and local co
Slide 7: In Europe there is no ore supply and a lack of production capacity
MARKET OVERVIEW …however, in Europe there is no ore supply and a lack of production capacity For personal use only Regional Primary Ore Supply Regional High Purity Mn Production EUROPE EUROPE No ore supply in Europe today There is a small European plant processing African ore (2ktpa) EMN primary sup
Slide 8: Lack of high purity manganese production facilities results in a significant deficit
MARKET OVERVIEW Lack of high purity manganese production facilities results in a significant deficit Global High Purity Manganese Demand & Supply to 2030 High Purity Manganese Demand & For personal use only (thousand tonnes of Mn) Local Supply in Europe to 2030 (thousand tonnes of Mn) 1,000 300 Euro
Slide 9: HP Manganese prices are starting to follow the critical metal trend
MARKET OVERVIEW HP Manganese prices are starting to follow the critical metal trend For personal use only Battery Metal Prices Feb. 2018 – Feb. 2022 European HP manganese prices to attract a premium to China per metal unit, Index: Feb 2018 = 100 160 Manganese EU Price Uplift 140 Premiums for: Higher
Slide 10: The Chvaletice Manganese Project
THE PROJECT AT A GLANCE The Chvaletice Manganese Project For personal use only Located in Czech Republic – EU’s only primary manganese resource In the heart of world’s fastest growing EV battery market Recycling of historical mine tailings containing manganese 50Kt/annum of Mn metal equivalent for 2
Slide 11: Czech Republic, within the European Union, is an excellent project location
PROJECT OVERVIEW Czech Republic, within the European Union, is an excellent project location For personal use only Politically stable and business-friendly jurisdiction in the European Union, with low corporate income tax rate of 19% Surrounded by Europe’s automotive industry, which employs over 14
Slide 12: Resource is well defined and uniform
PROJECT OVERVIEW Resource is well defined and uniform For personal use only 98.3% of the 27-million-tonne Resource classified as Measured under NI 43:101/JORC 2012 Cell 1 Easily treated manganese carbonate* tailings – cost and environmental advantages Resource model forms reliable basis for tailings
Slide 13: Aiming for best-in-class life-cycle performance
PROJECT OVERVIEW Aiming for best-in-class life-cycle performance For personal use only Recovery of manganese by recycling waste tailings from a mine decommissioned in the 1970s Remediation and rehabilitation of tailings, stopping environmental impacts from leaking salts and metals into the local wat
Slide 14: Demonstration plant key next step
PROJECT OVERVIEW Demonstration plant key next step; large sample production expected H2 2022 For personal use only Demonstration Plant designed to produce large-scale product samples; 7x scale-up of EMN’s successful Pilot Plant Assembly, inspection, and cold-commissioning completed at fabrication fa
Slide 15: Feasibility study, approvals, and off-take discussions are progressing well
PROJECT OVERVIEW Feasibility study, approvals, and off-take discussions are progressing well For personal use only Physical progress on feasibility study (FS) is more than 90% complete with final report expected in mid-2022 Tender and bid process well underway for power, reagents #3 ORE and equipmen
Slide 16: Target project timelines
PROJECT OVERVIEW Target project timelines For personal use only 2022 2023 2024 2025 2026 1. DEMONSTRATION / CUSTOMER QUALIFICATION PLANT Transport, Install & Commissioning Customer samples & ongoing supply chain qualification Available for testing other feedstocks 2. DEFINITIVE FEASIBILITY STUDY 3.
Slide 17: Strategic relationships to facilitate off-take and project financing
PROJECT OVERVIEW Strategic relationships to facilitate off-take and project financing For personal use only Equity investment of Euro Manganese Working to facilitate the Collaboration designed to CAD$8.5 million to support shareholders expansion/creation of develop applications of Chvaletice develop
Slide 18: 2019 PEA Key Metrics
PROJECT OVERVIEW 2019 PEA Key Metrics* For personal use only 25-year project operating life producing 1.19 million tonnes of ultra-high-purity electrolytic Production manganese metal (“HPEMM”), two-thirds of which is expected to be converted into ultra-high purity Profile manganese sulphate monohydr
Slide 19: Euro Manganese Inc. Capitalization
Euro Manganese Inc. Capitalization Ownership Structure at March 31, 2022 For personal use only CAPITALIZATION AS AT MARCH 31, 2022 Total 401,115,551 Shares (including ~257.4 Mill. CDIs) 401,115,551 EBRD 17.8 M, 4.4% Directors, Founders & Options 35,120,998 11.9% Management Warrants 8,500,000 ~47.7 M
Slide 20: EMN in Summary
EMN in Summary For personal use only Set to become Europe’s only primary producer of high-purity manganese products Uniquely positioned to be part of the EU’s battery supply chain Aim to have best-in-class environmental performance Recycling, not mining: a tailings rehabilitation project Strong supp
Slide 21: For personal use only
For personal use only Matt James President & CEO 604-681-1010 info@Mn25.ca www.Mn25.ca TSXV: EMN ASX: EMN OTCQX: EUMNF Frankfurt Stock Exchange: E06 21
Slide 22: Appendices
For personal use only APPENDICES 22
Slide 23: Independent directors
7 Independent directors For personal use only John Webster David Dreisinger Gregory Martyr Hanna Schweitz Tom Stepien CHAIR & DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR • Tom has over 30 years of hi-tech • Senior finance professional who • Professor and Chair of the Industrial • Over 30 years of e
Slide 24: Executive leadership team
Executive leadership team For personal use only Matt James Martina Blahova Andrea Zaradic Fausto Taddei Jan Votava DIRECTOR, PRESIDENT & CHIEF FINANCIAL OFFICER VICE PRESIDENT OPERATIONS VP CORPORATE DEVELOPMENT & MANAGING DIRECTOR OF CHIEF EXECUTIVE OFFICER CORPORATE SECRETARY MANGAN CHVALETICE S.R
Slide 25: 2018 NI 43-101 / JORC Resource Estimate
2018 NI 43-101 / JORC Resource Estimate Updated Resource Estimate NI 43:101/JORC 2012 Resource Estimate For personal use only included in Technical Report dated March 15, 2019 by Tetra Tech Canada Inc. 2017 – 2018: 160-hole drilling program findings Chvaletice Mineral Resource Statement, Effective D
Slide 26: Robust process flow sheet
Robust process flow sheet Using proven, conventional and commercial technologies For personal use only High quality product assurance, flexible, efficient and clean HPEMM dissolution, deep Raw tailings Magnetic Leaching and Electrolysis = HPEMM purification & excavated and fed separation purificatio
Slide 27: Project Focused on Two Manganese Products
Project Focused on Two Manganese Products For personal use only High-Purity Manganese (HPM) Not a commodity – a highly specialized product Unlike the manganese ore that is used to make steel and aluminium alloys, agricultural soil supplements, food supplements, pigments, batteries and more Challengi
Slide 28: At the heart of Europe's green transition
At the heart of Europe’s green transition FINLAND ~15 GWh GREECE 1 GWh GERMANY 40 GWh For personal use only FINLAND FRANCE 24 GWh GERMANY 40 GWh FINLAND FRANCE 0.5 GWh GERMANY 24 GWh Europe is becoming a CHVALETICE MANGANESE FINLAND FRANCE 24 GWh ITALY 24 GWh global hub for EV and PROJECT GERMANY FR
Slide 29: 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