Euro Manganese Inc. has chosen to pursue a listing on the United States-based OTCQX trading system in response to growing U.S. investor interest in Euro Manganese and its Chvaletice manganese project.
The listing is expected to allow U.S.-based investors interested in gaining exposure to the electric vehicle (EV) battery raw materials sector to easily purchase Euro Manganese shares on the actively traded OTCQX market.
The project is designed to produce high-purity manganese products for the automotive battery industry and other high-technology applications by reprocessing manganese-rich waste from a decommissioned mine site in the Czech Republic. The project is developing the only sizable manganese resource in the European Union.
Euro Manganese recently secured the support of European Union-backed organization EIT InnoEnergy to assist with the company's financing and commercialization activities. Chief executive officer Marco Romero says with the agreement of EIT InnoEnergy to help accelerate the Chvaletice manganese project's integration into Europe's battery supply chain, the company is another step closer to becoming a key European supplier of high-purity manganese, an essential raw material for EV battery production.
"The path ahead for us is clear," says Mr. Romero. "We are moving forward with work on our definitive feasibility study, final environmental impact assessment and the building of a demonstration plant, all currently scheduled for completion by the end of this year, and we continue to field strong interest for our products from potential customers. We are taking this important step to provide U.S.-based investors with an efficient way to trade our shares and invest in Euro Manganese as we develop our battery materials business."
Ron Shewchuk appointed director of communications
Euro Manganese is also pleased to report that Mr. Shewchuk has been appointed as the company's new director of communications. Mr. Shewchuk has served in senior positions in corporate communications, marketing and public relations. An honours graduate of Carleton University's School of Journalism, he is one of only 58 Canadians to have been awarded the designation of master communicator by the International Association of Business Communicators (IABC). Mr. Shewchuk has planned and executed communications programs for organizations in the energy, telecommunications, health care and forest products industries.
Mr. Romero says Mr. Shewchuk brings depth of experience and innovation to the new role. "We're delighted to have Ron on board to lead our communications and investor relations efforts. He has a long, successful history of delivering results for major organizations as well as start-ups. I'm confident he will make a valuable contribution to Euro Manganese as we tell our story to the world."
Selected past Euro Manganese news releases for further background:
- EIT InnoEnergy to support Chvaletice manganese project -- Feb. 22, 2021;
- Chvaletice manganese project moves to next stage of permitting process -- Jan. 14, 2021;
- Euro Manganese orders high-purity manganese products demonstration plant for delivery in summer of 2021 and provides update -- Nov. 18, 2020.
About Euro Manganese Inc.
Euro Manganese is a Canadian waste recycling company whose principal focus is advancing the development of the Chvaletice manganese project, in which it holds a 100-per-cent interest. The proposed project, which will be operated by wholly owned subsidiary Mangan Chvaletice, entails reprocessing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. Euro Manganese's goal is to become a leading, competitive and environmentally superior primary producer of ultrahigh-purity manganese products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications.
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