Euro Manganese, Inc. (TSE:EMN) has released an update.
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Euro Manganese Inc. has secured a significant offtake term sheet with Blue Grass Chemical Specialties for the supply of high-purity manganese metal, essential for battery production. This agreement, which is set to last for an initial seven years with potential renewals, is poised to support the Chvaletice Manganese Project in the Czech Republic. It ensures a steady demand for the project’s electrolytic manganese metal, facilitating the company’s adherence to debt finance banking covenants and highlighting its commitment to environmental and sustainability standards.
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