Euro Manganese and Integrals Power Sign LOI and Offtake Term Sheet to Strengthen LMFP Battery Supply Chain

Core Viewpoint - Euro Manganese has signed a term sheet with Integrals Power Limited for the sale of high-purity manganese sulphate to enhance the battery supply chain for LMFP technology [1][5] Group 1: Partnership Details - The term sheet outlines an initial seven-year agreement for the supply of high-purity manganese sulphate from the Chvaletice Manganese Project in the Czech Republic, with options for renewal [5][6] - Deliveries will commence upon successful qualification of Euro Manganese's product by Integrals Power [5][6] Group 2: Strategic Importance - This partnership aims to secure a reliable and local supply of high-purity manganese, which is essential for Integrals Power's LMFP cathode materials used in various applications including electric vehicles and grid-scale storage [4][5] - Euro Manganese's Chvaletice Project is positioned as a unique resource within the European Union, contributing to the circular economy and low-carbon initiatives [7] Group 3: Technological Collaboration - Initial testing to assess the compatibility of Euro Manganese's high-purity manganese sulphate with Integrals Power's production process is set to begin in the third quarter of 2025 [5][6] - Successful outcomes from this testing could lead to further collaboration and integration of Euro Manganese's products into Integrals Power's supply chain [5][6]