Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (May 2025)
36 slides from Euro Manganese's investor presentation, May 7, 2025
Slide 1: Leading the Charge for Sustainable Mobility
For personal use only Leading the Charge for Sustainable Mobility INVESTOR PRESENTATION May 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 will partner with leading mobility companies to support the global energy transition For personal use only Chvaletice Manganese Project Transforms Waste-to-Value by Recycling Historic Tailings into High Purity Manganese Products Strategic Projec
Slide 5: Euro Manganese Inc. Capitalization and Ownership
EXECUTIVE SUMMARY Euro Manganese Inc. CAPITALIZATION – at December 31, 2024 on post-consolidation basis Ownership Structure at December 31, 2024 Shares (including ~42.0 Mill. CDIs) 80,533,847 Total 80,533,847 Options 4,391,490 For personal use only European Bank for ________ Directors, Founders & Wa
Slide 6: Recent Financing
RECENT FINANCING Euro Manganese Inc. Recent financing underscores the strategic significance of the Chvaletice Manganese Project to Europe’s critical minerals independence and supply chain security For personal use only Upsized Placement • Successfully upsized our previously announced financing to C
Slide 7: High-Purity Manganese
For personal use only High-Purity Manganese 101 MARKET OVERVIEW 7
Slide 8: Manganese is an Essential Raw Material in Most Lithium-Ion Batteries
MARKET OVERVIEW Manganese is an Essential Raw Material in Most Lithium-Ion Batteries Nickel-Manganese-Cobalt (NMC) cathodes are the dominant chemistry in EV batteries For personal use only ABOUT HIGH-PURITY MANGANESE* Affordable • The most affordable and abundant of the NMC cathode materials Batteri
Slide 9: 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 10: Western Supply Chain Development and Recent EV deals
MARKET OVERVIEW Western Supply Chain Development and Recent EV deals Chinese dominance of EV supply chains has seen recent reactions from Western customers and governments For personal use only • Chinese dominance of new energy industries is increasingly clear with a leading position in the EV suppl
Slide 11: 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 12: The Only Integrated Project in Europe, Offers Clear Product Advantages
Negative Positive Neutral The Only Integrated Project in Europe, Offers Clear Chinese players Other global players Euro Manganese Product Advantages Including Low-Carbon and For personal use only Circular Production Likelihood of supply chain disruption Geopolitical tensions Security of supply Local
Slide 13: Chvaletice Manganese Project
For personal use only Chvaletice Manganese Project COMPANY & PROJECT OVERVIEW 13
Slide 14: Focused on Production of High Purity Manganese Products
PROJECT OVERVIEW Focused on Production of High Purity Manganese (HPMn) 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 Feasibil
Slide 15: The Project Transforms Waste-to-Value by Recycling Historic Mine Tailings
PROJECT OVERVIEW The Project Transforms Waste-to-Value by Recycling Historic Mine Tailings Conventional, proven processing of mine tailings to produce high-purity manganese 2017-2018 Drill Program Recycling For personal use only 2017 drill holes • Historic tailings containing leachable manganese car
Slide 16: Prime Location, Favorable Government Policies and Key Approvals Received
PROJECT OVERVIEW Prime Location, Favorable 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 AND POLICY • Ideally posit
Slide 17: 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 and 3 Electrowinning 4 Dissolution & 5 Ore excavated, Separation Purific
Slide 18: 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 19: 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 20: 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 produced ▪ Customer samples dispatch for qualification ✓ 100% reliability and
Slide 21: 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 Dean Larocque Laurel Petryk James Fraser Jan-Erik Back Jan Votava Interim CEO CFO
Slide 22: Introduction to Euro Manganese Board of Directors and Advisors
PROJECT OVERVIEW Introduction to Euro Manganese Board of Directors and Advisors 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 D
Slide 23: Project Funding
For personal use only Project Funding PROJECT FINANCE 23
Slide 24: European Bank for Reconstruction and Development (EBRD)
PROJECT FUNDING European Bank for Reconstruction and Development (“EBRD”) EBRD is a financial institution helping centrally-planned countries transition to market economies • EBRD is a multilateral development bank established in 1991 to foster the development of market economies through private- Fo
Slide 25: 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 26: 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 27: 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 28: 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 based grants For personal use only EU CRMA Strategic Project Czech Government Grants and EU Innovation Fund and 1 2 3 Designation Tax Incentives Other Sources of EU Fund
Slide 29: Appendix
For personal use only Appendix 29
Slide 30: 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 31: 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 32: 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)* • Throughput of 16k tpa of HPEMM to pr
Slide 33: 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 34: 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 35: 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 36: Leading the Charge for Sustainable Mobility
Leading the Charge for Sustainable Mobility For personal use only TSXV: EMN | ASX: EMN | Frankfurt Stock Exchange: E06 info@Mn25.ca | www.Mn25.ca 36