Euro Manganese, Inc. (TSE:EMN) has released an update.
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Euro Manganese Inc. reported significant progress in the second fiscal quarter of 2024, including approval of the Environmental and Social Impact Assessment for their Chvaletice Manganese Project and advancement in debt financing discussions with the European Investment Bank. Despite a slight decrease in cash reserves, the company maintains adequate funding to achieve upcoming milestones for their high-purity battery-grade manganese plant in the Czech Republic. These developments come alongside supportive EU and US legislation, which positions the project favorably in the critical raw materials market.
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