Euro Manganese Provides Update on Land Rezoning and ESIA for
Chvaletice Manganese Project
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt:
E06) (the "Company" or "EMN") is pleased to announce the completion
of the land rezoning processes for the Chvaletice Manganese Project
(the "Project"), and an update on the Project’s Environmental and
Social Impact Assessment ("ESIA") approval process.
Highlights
- Rezoning of all
tailings land and commercial plant land required for the Project is
now complete, demonstrating continued support from local
communities and municipal authorities.
- Noise abatement
work has been completed to the satisfaction of the relevant
authority and the amended ESIA has been resubmitted to the Czech
Ministry of Environment ("MoE" or the "Ministry") for continuation
of the ESIA approval process.
Completion of Land Rezoning for the
Project
The Municipality of Chvaletice ("Chvaletice"),
which lies just to the west of the Project and on which a portion
the Project’s tailings and commercial plant site are located, has
formally approved the rezoning of tailings land for mining use and
certain areas within the commercial plant site that were required
to be reclassified for heavy industrial use. Together with the
rezoning of the Village of Trnavka’s ("Trnavka") tailings land for
mining use, announced on March 23, 2022, the rezoning requirements
for the Project are now complete.
Approval for the land-use plan change from both
Chvaletice and Trnavka required intensive community consultation
which has been ongoing for several years. The valuable local input
received was factored into the Project’s planning and design. The
rezoning demonstrates continued support from local communities and
municipal authorities.
Update on ESIA Permitting
Process
The Company has now resubmitted the amended ESIA
to the MoE, which allows the ESIA approval process to continue. The
Company anticipates the issuance of a positive decision on the
revised ESIA within the next three months.
As previously reported, the Ministry received
comments from 14 relevant authorities on the ESIA, which was
initially submitted in December 2022. All but one of the
authorities approved the relevant studies. The Ministry returned
the ESIA to the Company to address comments from that authority,
related to noise abatement. While the Project’s anticipated noise
levels are within legislative limits for an industrial project, the
cumulative effect when combined with neighbouring operations’
existing noise emissions marginally exceeded permitted noise levels
at the measurement points, located at the closest residential
areas. The Company has completed necessary work to achieve the
reduction in modelled noise level emissions and has addressed the
authority’s comments to their satisfaction.
Dr. Matthew James, President & CEO of Euro
Manganese, commented:
“The completion of the rezoning process for both
the land on which the tailings reside and for the commercial plant
is another milestone in the steady progress of the Project. We are
grateful for the continued support of our neighbouring communities,
Chvaletice and Trnavka. Our team has worked hard to ensure that
local community residents are well-informed, and that meaningful
opportunities are created for them to participate in the evaluation
and planning of the Chvaletice Manganese Project. Our goal remains
to build long-term, respectful, and collaborative relationships,
while ensuring that the Project fits seamlessly into the
environmental, social, and economic fabric of the region.
We fully respect the robustness of the ESIA
process and are committed to minimising project impacts to the
surrounding communities. With the noise abatement work completed to
the satisfaction of the remaining authority, I look forward to the
approval of the ESIA.”
About Euro Manganese
Euro Manganese is a battery materials company
focused on becoming a leading producer of high-purity manganese for
the electric vehicle industry. The Company is advancing development
of the Chvaletice Manganese Project in the Czech Republic and
exploring an early-stage opportunity to produce battery-grade
manganese products in Bécancour, Québec.
The Chvaletice Project is a unique
waste-to-value recycling and remediation opportunity involving
reprocessing old tailings from a decommissioned mine. It is also
the only sizable resource of manganese in the European Union,
strategically positioning the Company to provide battery supply
chains with critical raw materials to support the global shift to a
circular, low-carbon economy.
Euro Manganese is dual listed on the TSXV and
the ASX, and is also traded on the OTCQX.
Authorized for release by the CEO of Euro
Manganese Inc.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) or the ASX accepts responsibility for the
adequacy or accuracy of this release.
Inquiries
Dr. Matthew JamesPresident &
CEOmjames@mn25.ca
Louise BurgessSenior Director, Investor
Relations & Communications+1 (604) 312-7546lburgess@mn25.ca
Company Address: #709 -700 West Pender St.,
Vancouver, British Columbia, Canada, V6C
1G8Website: www.mn25.ca
Forward-Looking Statements
Certain statements in this news release
constitute “forward-looking statements” or “forward-looking
information” within the meaning of applicable securities laws. Such
statements and information involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance, or achievements of the Company, its Chvaletice
Project, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements or information. Such statements can
be identified by the use of words such as “may”, “would”, “could”,
“will”, “intend”, “expect”, “believe”, “plan”, “anticipate”,
“estimate”, “scheduled”, “forecast”, “predict” and other similar
terminology, or state that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved.
Such forward-looking information or statements
include, but are not limited to, statements regarding the Company’s
intentions regarding the development and advancement of the
Chvaletice Project in the Czech Republic, continuing support from
local communities, the Company’s ability to receive the ESIA
approval and in the timeframes expected, and to successfully
conclude subsequent permitting steps.
Readers are cautioned not to place undue
reliance on forward-looking information or statements.
Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
All forward-looking statements are made based on
the Company's current beliefs including various assumptions made by
the Company, including that: the Company can achieve its goals;
that the political and community environment in which the Company
operates in will continue to support the development and operation
of the Chvaletice Project; and assumptions related to the factors
set out herein. Factors that could cause actual results or events
to differ materially from current expectations include, among other
things: risks and uncertainties related to the ability to obtain,
amend, or maintain necessary licenses, or permits; unexpected
delays receiving a decision on the ESIA; risks related to
acquisition of surface rights; the availability of acceptable
financing for developing and advancing the Chvaletice Project;
changes in laws or regulations; and regulation by various
governmental agencies. For a further discussion of risks relevant
to the Company, see "Risk Factors" in the Company's annual
information form for the year ended September 30, 2022, available
on the Company's SEDAR profile at www.sedar.com.
Although the forward-looking statements
contained in this news release are based upon what management of
the Company believes are reasonable assumptions, the Company cannot
assure investors that actual results will be consistent with these
forward-looking statements. These forward-looking statements are
made as of the date of this news release and are expressly
qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any
obligation to update or revise the forward-looking statements
contained herein to reflect events or circumstances occurring after
the date of this news release.
Euro Manganese (TG:E06)
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