Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt:
E06) ("
Euro Manganese", the
"
Company" or "
EMN") is pleased to
announce that it has become a member of the Global Battery Alliance
("
GBA"), a partnership of leading organizations
from across the battery value chain, governments, academics, and
NGOs who have mobilized to ensure that battery production not only
supports green energy, but also safeguards human rights and
promotes environmental sustainability.
Euro Manganese is the first high-purity
manganese company to join the GBA. The Company intends to
participate in discussions around battery materials transparency
and traceability, particularly as the GBA advances development of
the Battery Passport. The Battery Passport will be a digital
representation of an electric vehicle ("EV")
battery. Batteries that meet strict quality and sustainability
standards will be awarded a quality seal, providing customers with
assurance of responsible manufacturing processes.
Dr. Matthew James, Euro Manganese’s President
and CEO, said: “We are very pleased to join the GBA to work
alongside peers in assisting with the transition to a sustainable,
low carbon economy. We share the GBA’s goals of circularity,
environmental protection, and sustainable development. The Battery
Passport will be a valuable resource to measure EV battery quality
and improve overall industry sustainability performance.
“Responsibly extracted and produced battery
materials are the foundation of the battery value chain. Our
Chvaletice Project in the Czech Republic is the only sizable
manganese resource in Europe and will produce fully-traceable
high-purity manganese products for the EV industry in an
environmentally responsible manner. As a unique, waste-to-value
recycling and remediation opportunity that involves reprocessing
old tailings from a decommissioned mine, our project’s
environmental credentials include a low carbon footprint and a net
positive benefit from remediation of the historic tailings area.
The Company has recently undertaken a Life Cycle Assessment to
quantify the Chvaletice Project’s environmental impact, the results
of which we intend to announce soon.”
About Euro Manganese Inc.
Euro Manganese Inc. is a battery materials
company focused on becoming a leading, competitive, and
environmentally superior producer of high-purity manganese for the
electric vehicle (EV) industry and other high-technology
applications. The Company is advancing development of the
Chvaletice Manganese Project in the Czech Republic, which is a
unique waste-to-value recycling and remediation opportunity
involving reprocessing old tailings from a decommissioned mine. The
Chvaletice Project is 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.
About the Global Battery
Alliance
The Global Battery Alliance is a public-private
collaboration platform founded in 2017 at the World Economic Forum
to help establish a sustainable battery value chain by 2030.
It brings together leading international organizations, NGOs,
industry actors, academics, and multiple governments to align
collectively to drive systemic change along the entire value
chain.
Members commit to a set of Ten Guiding
Principles established as a necessary condition for a sustainable
and responsible battery value chain, with a focus on:
- Establishing a
circular battery value chain as a major driver to achieve the Paris
Agreement;
- Establishing a
low-carbon economy in the value chain, creating jobs and additional
economic value; and
- Safeguarding
human rights and economic development consistent with the UN
Sustainable Development Goals.
To learn more about the GBA, visit
globalbattery.org
About the Battery Passport
The Battery Passport will be a digital
representation of an electric vehicle ("EV")
battery that conveys information about applicable Environmental,
Social and Governance ("ESG”) metrics across its
lifecycle, from the raw materials of its components through to its
production, installation, utilization, and eventual recycling. Each
Battery Passport will be a digital twin of its physical battery
with its own unique ID number and barcode that then gets uploaded
to a cloud-based Battery Passport platform, which will offer a
global solution for securely sharing information and
data. Batteries that meet strict quality and sustainability
standards, which are currently under development, will be awarded a
quality seal, providing customers with assurance of battery quality
and responsible manufacturing processes. Learn more about the
Battery Passport on the GBA website.
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
& CEO+44 (0)747 229 6688
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
All statements, other than statements of
historical fact, contained in this press release including, but not
limited to, those describing the objectives of the Global Battery
Alliance, the objectives of the Company and its business model, the
intended results of the initiatives described in the press release,
the intended benefits of the Battery Passport, and those statements
which are discussed under the “About Euro Manganese” paragraph and
elsewhere in the press release which essentially describe the
Company’s outlook and objectives, constitute “forward-looking
information” or “forward-looking statements” within the meaning of
certain securities laws, and are based on expectations, estimates
and projections as of the time of this press release. 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.
Further, it should be noted that no production
decision has been made with respect to the Project and that such a
decision will only be made based on completion of a positive
feasibility study, permitting and financing having been
secured.
Readers are cautioned not to place undue
reliance on forward-looking information or statements.
Forward-looking statements and information involve significant
risks and uncertainties, should not be read as guarantees of future
performance or results and will not necessarily be accurate
indicators of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements or
information, including, but not limited to, the factors discussed
under “Risks Notice” and elsewhere in the Company’s MD&A, as
well as the ability of the Company to successfully implement its
strategic objectives and whether such strategic objectives will
achieve expected results; the inability to obtain regulatory
approvals in a timely manner; the potential for unknown or
unexpected events to cause contractual conditions to not be
satisfied; unexpected changes in laws, rules or regulations, or
their enforcement by applicable authorities; the failure of parties
to contracts with the Company to perform as agreed; social or
labour unrest; changes in commodity prices.
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. The Company’s actual results could
differ materially from those anticipated in these forward-looking
statements as a result of the factors set forth in the “Risks
Notice” section and elsewhere in the Company’s MD&A for the
year ended September 30, 2021, and its Annual Information Form.
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