Pending EMN Good News?From Inno Ennergy's web site (innoenergy.com):
"This week, EIT InnoEnergy announced its support of Euro Manganese’s Czech-based Chvaletice Manganese Project, helping fulfil ambitions to create a competitive and sustainable battery cell manufacturing value chain in Europe.
In addition to an initial investment of €250k, EIT InnoEnergy will help Euro Manganese secure financing for full-scale commercial development up to €362m for the commercial development of the Chvaletice Manganese Project. EIT InnoEnergy will also help Euro Manganese secure customer offtake agreements by leveraging its network of industrial partners, including the European Battery Alliance (EBA), for which it runs the industrial development programme."
Perhaps EMN is taking their time to finalize funding for their full-scale plant, hence a trading halt for a few days. I will go out on a limb and say they have arranged for the inevitable final plant construction cost. We shall soon see.