Euro Manganese reports important environmental milestone
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Euro Manganese (TSX-V/ASX:EMN) has today informed the market that the Czech Republic’s Ministry of the Environment has completed its initial screening procedure for the Chvaletice Manganese Project’s preliminary Environmental Impact Assessment (EIA).
This is an important regulatory milestone, and allows the project to move forward to the next stages of the permitting process. The six-month screening process produced valuable stakeholder input that will be addressed in the final design and planning phases of the Project.
EMN’s share price has been trading at all-time highs, closing on 14 January at $0.72, an 85% increase in the first fortnight of 2021 alone.
The Chvaletice Manganese Project is designed to recycle waste from a decommissioned mine in the Czech Republic to produce ultra-high-purity manganese products, predominantly to supply to the electric vehicle batteries.
EMN submitted an EIA Notification and Project Description in mid-2020, and input was received from various government bodies, public agencies, regional and local authorities, along with community members.
The main stakeholder concerns relate to the management of increased vehicle traffic and noise, potential impacts to air and water quality, and the preservation of sight lines to a nearby historic site.
When commenting on the development, Marco Romero, Euro Manganese CEO stated, “We are pleased with the outcome of this important step in the Chvaletice Manganese Project’s permitting process.
“We appreciate all the thoughtful input we have received from our stakeholders, and we are confident that we will be able to successfully address their concerns in our detailed plans.
“Following more than four years of environmental baseline and impact studies, process design and engineering, we purposely provided much more detailed information to the public and regulators about our Project than is normally required at this stage of the permitting process. I am grateful that we were provided with such useful feedback.”
In November 2020 Finfeed reported that EMN had been given the green light for the procurement and fabrication of its Chvaletice Demonstration Plant (DP), a 7-times scale-up of the successful pilot plant that the company operated in 2018.
The procurement and fabrication is on schedule, with delivery to the Chvaletice site expected in the summer of 2021.
Lastly, a definitive feasibility study (DFS) for the project is well underway and is also targeted for completion by the end of the year.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
