Nuclear Vision Acquires Manganese Carbonate Projects in Slovakia’s “Battery Belt”

Core Insights - Nuclear Vision Limited has acquired manganese carbonate projects in Slovakia, specifically the Svabovce and Michalova projects, which are strategically located within the emerging "Battery Belt" of Slovakia [1][2] - The acquisition includes an aggregate payment of €100,000 and the issuance of 10,000,000 common shares at a deemed price of $0.24 per share [1] - The projects are positioned within 300 kilometers of major automotive and battery manufacturing hubs, enhancing their potential for future development [2] Project Details - The Svabovce Project has a historical resource estimate of 13.9 million tonnes (Mt) at 14.47% manganese (Mn), while the Michalova Project has an estimate of 10.4 Mt at 9.49% Mn [5][11] - Both projects have a history of operational activity, with Svabovce mined from the 1850s until 1971 and Michalova having seen small-scale mining and metallurgical operations [5] - The projects are in the verification stage, and the company plans to conduct verification work to confirm historical estimates and potentially complete an NI 43-101 compliant mineral resource estimate [9][14] Strategic Context - The acquisition aligns with the EU's Critical Raw Materials Act and Germany's €3 billion electric vehicle stimulus package, which favors high-manganese, low-cost battery chemistries [5] - The projects are well-positioned to benefit from the growing demand for battery-grade materials due to their proximity to prominent battery and vehicle manufacturers [5] - Nuclear Vision believes it has acquired the projects at a favorable price, paying a fraction of the market value of the only other manganese project in Europe [19] Infrastructure and Development - The projects benefit from established rail, power, and road networks, which de-risk the development timeline [5] - The company intends to advance verification work and may undertake additional confirmation programs to support the development of the projects [9][14] - The addition of these Slovak manganese assets complements Nuclear Vision's existing portfolio of uranium projects in Botswana, reinforcing its strategy of building a diversified energy transition metals platform [22]