Euro Manganese Announces Placement of C$5.9m (A$6.5m) (1) Anchored by the European Bank for Reconstruction and Development, Increasing Ownership and ASX Share Purchase Plan (“SPP”) to Raise up to an Additional C$3.6m (A$4.0m) (1)

Core Viewpoint - Euro Manganese Inc. is conducting a brokered and conditional placement to raise approximately C$5.9 million (A$6.5 million) for the development of the Chvaletice Manganese Project and securing additional offtake agreements [2][7][8] Group 1: Equity Raising Details - The Conditional Placement will issue approximately 94.1 million New Shares and 72.7 million New CDIs at a price of C$0.036 (A$0.039) per New Security [9][13] - The company plans to offer existing eligible shareholders a Share Purchase Plan (SPP) to raise an additional C$3.6 million (A$4.0 million) at the same price [3][11] - Completion of the Equity Raising is contingent upon raising a minimum of C$8.0 million (A$8.8 million) in total and obtaining shareholder approval at the upcoming annual general meeting [4][7] Group 2: Use of Proceeds - Proceeds from the Conditional Placement and SPP will be allocated for ongoing development of the Chvaletice Manganese Project and customer engagements to secure additional offtake term sheets and strategic investments [2][8][16] Group 3: Shareholder Participation and Warrant Issuance - Investors will receive one warrant to purchase an additional common share or CDI for every New Security subscribed, with an exercise price of C$0.045 per warrant [5][12] - The SPP allows eligible shareholders to subscribe for up to A$30,000 worth of New CDIs without incurring brokerage fees [11][14] Group 4: Management and Strategic Changes - Rick Anthon, a veteran in the battery metals industry, will join as Chairman of the Board following the completion of the Conditional Placement [25][26] - The appointment is expected to enhance the company's strategic direction as it advances the Chvaletice Manganese Project [28] Group 5: EBRD Involvement - The European Bank for Reconstruction and Development (EBRD) is participating with a subscription of approximately C$3.1 million (A$3.5 million), increasing its ownership in the company to 19.99% [2][7][22] - EBRD will also be granted certain offtake rights for up to 20% of the company's production as part of a project support agreement [21][22]