Euro Manganese Inc appoints project finance advisor for

Euro Manganese Inc (ASX:EMN, TSX-V:EMN, OTCQX:EUMNF) has accelerated the structuring and procurement of challenge financing for its flagship Chvaletice Manganese Venture in the Czech Republic with the appointment of Stifel Nicolaus Europe Minimal, a wholly-owned subsidiary of Stifel Economic Corp, as undertaking finance advisor.

EMN describes Stifel as a foremost fiscal advisory group in the battery metals room, with the skills to initiate dialogue between Euro Manganese and several possible financiers while also facilitating thanks diligence pursuits.

Stifel presents a suite of institutional services, like strategic business advisory throughout both equally financial debt and equity markets.

The big milestones essential to safe job financing involve:

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  • completion of the feasibility analyze for the Chvaletice Manganese Challenge (predicted in the coming months)
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  • execution of binding offtake agreements
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  • finalising land access agreements and
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  • approval of the Environmental and Social Influence Evaluation (ESIA) and closing allowing.
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Euro Manganese expects to post the ESIA to the Czech Ministry of the Natural environment in the third quarter of this 12 months.

“Important phase for the company”

“Stifel is a very well-regarded money options advisory agency with a thriving observe file of debt and fairness raises,” Euro Manganese CEO and president Matthew James mentioned.

“Euro Manganese stands to gain from their major encounter in job funding and interactions with strategic associates in the European EV (electrical motor vehicle) battery industry.

“This appointment is an crucial move for the business as we look for to execute task milestones and shift in direction of a last investment decision conclusion, envisioned in 2023.

“We seem ahead to performing with the Stifel group to execute a successful funding bundle for the Chvaletice Manganese Undertaking.”

Euro Manganese aims to provide manganese items to the European Union’s electric motor vehicle battery current market from the Chvaletice Venture.

The challenge is a remediation option that includes reprocessing old tailings from a decommissioned mine to create superior-purity manganese products and solutions.

“Fully traceable and sought-after product”

“Euro Manganese is uniquely positioned to capitalise on the growth in the European electric car or truck industry,” Stifel head of money alternatives team Jan-Erik Back said.

“Having the only sizable manganese resource in Europe mixed with the growth of a processing plant to develop superior-purity manganese merchandise, they will have a entirely traceable and sought-after solution for the EV business.

“Moreover, as the Chvaletice project will involve reprocessing and rehabilitating historic mine tailings, the environmental qualifications of the task should really be quite compelling for financiers.

“Stifel is proud to husband or wife with Euro Manganese to assistance progress this crucial battery components task.”