Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (September 2021)
33 slides from Euro Manganese's investor presentation, Sep 13, 2021
Slide 1: Manganese is Electric!
For personal use only Manganese is Electric! GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE
Slide 2: An ideal way for ESG investors to participate in high-purity manganese growth
For personal use only An ideal way for ESG investors to participate in the rapid growth of the high-purity manganese sector A unique waste recycling opportunity Corporate presentation – September 2021 GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE EMN on ASX and TSXV, EUMNF on OTCQX 2
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 Euro Manganese Inc. (“EMI” or the “Company”), certain information contained in this presentation constitutes forward-looking statements. When we discuss our costs an
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: Strategically located in the heart of Europe
Strategically located in the heart of Europe Europe’s largest manganese resource hosted in For personal use only tailings – waste from a decommissioned mine The Chvaletice Manganese Project is expected to become Europe’s Globally significant, 25-year project to produce only primary producer of batte
Slide 6: Project Overview: 2019 PEA Key Metrics
PROJECT OVERVIEW 2019 PEA Key Metrics* • 25-year project operating life producing 1.19 million tonnes of ultra-high-purity For personal use only Production electrolytic manganese metal (“HPEMM”), two-thirds of which is expected to be Profile converted into ultra-high purity manganese sulphate monohy
Slide 7: Euro Manganese Inc. Capitalization
Euro Manganese Inc. Capitalization For personal use only CAPITALIZATION AS AUGUST 25, 2021 Shares (including ~252.8 Mill. CDIs) 374,508,415 Ownership Structure at August 31, 2021 Total 374,508,415 Options 19,045,998 Warrants 11,400,000 Directors, Founders & 12.8% Management Fully Diluted 404,954,413
Slide 8: Project Focused on Two Manganese Products
MANGANESE 101 Project Focused on Two Manganese Products For personal use only Annual Global Manganese Ore Production Used to make steel and aluminium alloys, agricultural soil supplements, food supplements, pigments, batteries and more High purity High purity manganese electrolytic 20,225 sulphate m
Slide 9: Mn is the least costly component of NMC batteries
MANGANESE 101 Mn is the least costly component of NMC batteries For personal use only By weight, Manganese is as important as Cobalt in a modern Li-ion EV battery… … yet it accounts for only 1-2% of the cost of kg $ cathode materials 7% Mn 17% Li 11% 33% Cathode Cost NMC-622 (Illustrative) Ni 54% 59
Slide 10: Price change history - key battery metals
MANGANESE 101 Price change history - key battery metals For personal use only Manganese pricing has 350 remained stable compared with other 300 key battery metals Lithium 250 Manganese remains by far the lowest cost 200 Cathode Cathode Cobalt Index - Jan 2011 = 100 battery raw material CostCost in t
Slide 11: Mega Trends #1: Electrification of the world's economy
MEGA TRENDS #1: Electrification of the world’s economy Customer demand for EVs is For personal use only 30,000,000 increasing exponentially Global policy changes and 25,000,000 green stimulus packages are accelerating the shift 20,000,000 Europe is the world’s fastest growing market for EVs 15,000,0
Slide 12: Mega Trends #2: High purity manganese is here to stay
MEGATRENDS #2: High purity manganese is here to stay For personal use only Manganese-rich batteries emerging rapidly, with key announcements from Volkswagen, Tesla, Stellantis, Renault and BASF Low substitution risk – nickel-manganese-cobalt (NMC) cathode chemistry expected to dominate EV battery ma
Slide 13: HPMSM supply/demand gap forecast
MEGA TREND: HIGH PURITY MANGANESE IS HERE TO STAY HPMSM supply/demand gap forecast For personal use only Global deficit of 1,091 kt of HPMSM High Purity MSM Demand & Supply to 2030 (thousand tonnes of HPMSM) projected by 2030 2,500 To meet the 2030 demand for high purity MSM, global 2,000 production
Slide 14: HPEMM supply/demand gap forecast
MEGA TREND: HIGH PURITY MANGANESE IS HERE TO STAY HPEMM supply/demand gap forecast For personal use only Global deficit of 48 kt of high purity EMM High Purity EMM Demand & Supply to 2030 (thousand tonnes of HPEMM) projected by 2030 140 To meet the 2030 demand* for HPEMM, 120 Includes Chvaletice glo
Slide 15: Mega Trends #3: China dominates HPM global supply chain
MEGA TRENDS #3: China dominates HPM global supply chain For personal use only China has a head start • Electrification of its economy China: 13 plants • Main consumer / producer of critical battery 81.5% 163 ktpy (81.5%) metals • China produces over 80% of the South Africa: 1 plant world's battery g
Slide 16: Mega Trends #4: ESG focus is now mainstream
MEGA TRENDS #4: ESG focus is now mainstream For personal use only Investors focused on environmental Green battery supply chains and social impacts Socially aware consumers Transition to low-carbon economy Government policy and regulations GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 16
Slide 17: Chvaletice Manganese Project Overview
CHVALETICE MANGANESE PROJECT OVERVIEW For personal use only GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 17
Slide 18: At the heart of Europe's green transition
PROJECT OVERVIEW At the heart of Europe’s green transition 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 Precursors & Cathodes FRANCE 2 GWh SPAIN GERMANY 2-10 GWh FRANCE Battery Cells POLAND
Slide 19: Fully drilled resource
PROJECT OVERVIEW Fully drilled resource 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 Easily treated carb
Slide 20: Robust process flow sheet
PROJECT OVERVIEW Robust process flow sheet Using proven, conventional and commercial technologies For personal use only High quality product assurance, flexible, efficient and clean Raw HPEMM dissolution, tailings Magnetic Leaching and Electrolysis = deep purification & excavated and separation puri
Slide 21: Advanced stage of development
PROJECT OVERVIEW Advanced stage of development Chvaletice Manganese Project proceeding well For personal use only Resource completely drilled. Over 98% classified as Measured under JORC/NI 43-101 Extensive metallurgical testing and engineering: Conducted by world-leading firms with deep HPM experien
Slide 22: Environmental permitting is on track
PROJECT OVERVIEW Environmental permitting is on track Six-month screening of For personal use only preliminary Environmental Impact Assessment completed in late 2020 • Project greenlighted to proceed to Final Environmental and Social Impact Assessment (ESIA) – the conclusion of four years of environ
Slide 23: Progressive environmental practices
PROJECT OVERVIEW 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-t
Slide 24: Highly experienced management team
PROJECT OVERVIEW Highly experienced management team Solid multidisciplinary team with proven development experience and award- For personal use only winning track record of excellence in environmental and social practices Management team and directors are company builders with extensive experience i
Slide 25: EMN strategic advantages
EMN strategic advantages For personal use only Expected to be Europe’s only primary producer of high-purity manganese products EMN is well funded for completion of all site and technical work required for a final investment decision expected in 2022 Project has support of EU-backed organization EIT
Slide 26: Potential upside outside of PEA scope
Potential upside outside of PEA scope For personal use only Commercial plant could potentially be expanded to satisfy growing HPM demand, or adapted to produce new value-added manganese specialty products to seize emerging market opportunities Circular economy opportunity: Upgrading impure manganese
Slide 27: Anticipated catalysts
Anticipated catalysts For personal use only 2021 2022 2023 2024 2025 Restart pilot plant Begin operation of Complete Offtake Start-up, commissioning (Q4) Demonstration Agreements and commercial Plant + ongoing production in late Build and begin supply chain Secure Project financing / 2024/early 2025
Slide 28: 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 EMN on ASX and TSXV; EUMNF on OTCQX info@Mn25.ca | www.Mn25.ca GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 28
Slide 29: Appendices
For personal use only APPENDICES 27 GREEN AND EUROPEAN EUROPEAN SOURCE SOURCEOF OFULTRA ULTRAHIGH-PURITY HIGH-PURITYMANGANESE 29 MANGANESE
Slide 30: 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 distribute
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 diversified
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 minin
Slide 33: Independent directors
7 Independent directors For personal use only John Webster David Tom Stepien Gregory Martyr CHAIRMAN & DIRECTOR Dreisinger DIRECTOR DIRECTOR DIRECTOR • Senior finance professional who • Professor and Chair of the • CEO of Primus Power, a battery • Over 30 years of experience in spent over 30 years w
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