Euro Manganese Welcomes the European Critical Raw Materials Act
VANCOUVER, British Columbia, March 20, 2023 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") welcomes the European Commission’s ("EC" or the "Commission") proposed Critical Raw Materials Act ("CRMA" or the "Act") published on March 16, 2023, which outlines how the European Union ("EU") intends to ensure a secure and sustainable supply of critical raw materials that are essential in supporting the energy transition.
- VANCOUVER, British Columbia, March 20, 2023 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") welcomes the European Commission’s ("EC" or the "Commission") proposed Critical Raw Materials Act ("CRMA" or the "Act") published on March 16, 2023, which outlines how the European Union ("EU") intends to ensure a secure and sustainable supply of critical raw materials that are essential in supporting the energy transition.
- By 2030, of all critical raw materials consumed in the EU each year:
10% to be mined from European Union sources;
40% to be processed within the European Union; and
15% to come from recycled materials. - Dr. Matthew James, President & CEO of Euro Manganese, commented:
“Securing access to critical raw materials to support the energy transition has never been more important. - We welcome the European Commission’s proposed Critical Raw Materials Act and the opportunities it presents for the Chvaletice Manganese Project.