Euro Manganese Announces Closing of Initial US$20 Million under Orion Resource Partners Funding Package
30 Novembre 2023 - 2:19AM
Euro Manganese Announces Closing of Initial US$20 Million under
Orion Resource Partners Funding Package
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt:
E06) (the "Company") is pleased to confirm the closing of the
initial tranche of funds, in the amount of US$20 million, under the
previously announced US$100 million in non-dilutive financing (the
"Funding Package") with OMRF (BK) LLC ("Orion"), which is managed
by the Orion Resource Partners Group.
The Company has satisfied all necessary
conditions precedent for the initial tranche of funds under the
US$50 million loan facility provided under the Funding Package, and
US$20 million has now been received by the Company, net of certain
transaction expenses.
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.
www.mn25.ca
About Orion Resource Partners
Group
The Orion Resource Partners Group is an $8.2
billion global asset management firm that specializes in
institutional investment strategies in precious and energy
transition metals and minerals. Headquartered in NYC and with
offices in Denver, London, and Sydney, The Orion Resource Partners
Group includes a team of 80 professionals with backgrounds in
metals finance, physical metals logistics and sales, and in-house
technical professionals responsible for risk assessment and
portfolio management.
www.orionrp.com
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 |
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Dr. Matthew James |
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Louise Burgess |
President & CEO |
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Senior Director, Investor Relations & Communications |
mjames@mn25.ca |
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lburgess@mn25.ca |
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+1 (604) 312-7546 |
Company Address
#709 -700 West Pender StreetVancouver, British Columbia, Canada,
V6C 1G8
Euro Manganese (TG:E06)
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