Euro Manganese Announces Offtake Term Sheet with Verkor
VANCOUVER, British Columbia, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce it has entered into an offtake term sheet (the "Term Sheet") with Verkor, a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulphate monohydrate ("HPMSM") from the Company’s Chvaletice Manganese Project ("Chvaletice" or the "Project") in the Czech Republic.
- VANCOUVER, British Columbia, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce it has entered into an offtake term sheet (the "Term Sheet") with Verkor, a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulphate monohydrate ("HPMSM") from the Company’s Chvaletice Manganese Project ("Chvaletice" or the "Project") in the Czech Republic.
- This Term Sheet is the Company’s first term sheet for a long-term offtake.
- Dr. Matthew James, President & CEO of Euro Manganese, commented:
“This is a major milestone for Euro Manganese and for the European battery value chain. - I am immensely proud of the team and their hard work in negotiating the first long-term offtake term sheet, with a pricing structure, from a Western supplier in the high-purity manganese market.