Eastman(EMN) GlobeNewswire·2025-01-23 18:31Project Development - Euro Manganese Inc's subsidiary, Mangan Chvaletice, has secured the Determination of Mining Lease permit, marking a critical milestone for the Chvaletice Manganese Project in the Czech Republic [1] - The permit, effective from 23 January 2025, grants exclusive and unrestricted rights to mineral extraction within the designated area, with no expiration date, ensuring robust legal protection for the project [2] - The permit replaces all prior authorizations and enables the company to proceed with the next phases of the project on an exclusive basis [2] Strategic Importance - The Chvaletice Project is the only sizable manganese resource in the European Union, positioning the company strategically to support the global shift to a circular, low-carbon economy [5] - The project involves reprocessing old tailings from a decommissioned mine, offering a unique waste-to-value recycling and remediation opportunity [5] - High-purity manganese produced by the project is essential for the transition to a greener economy and the global effort to decarbonize [3] Company Overview - Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry [4] - The company is advancing the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec [4] - Euro Manganese is dual-listed on the TSXV and the ASX and is also traded on the OTCQX [5] Leadership and Collaboration - Martina Blahova, Interim CEO of Euro Manganese, emphasized the significance of the Mining Lease permit, highlighting successful collaboration with federal and regional regulators and host communities [3] - The permit underscores a shared commitment to the project's progress and brings the company closer to establishing a commercial-scale facility for high-purity manganese production [3]