Stifel to advise EMN on project finance

Published 28-JUN-2022 11:21 A.M.

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Investment Memo: EMN 2022

Objective #4: Early Progress on Project Financing

It’s good to see our European battery metals Investment Euro Manganese (ASX:EMN) getting its financing ducks in a row ahead of the commissioning of its Demonstration Plant.

EMN appointed US financial services company Stifel (market cap ~US$6B) as Project Finance Advisor for EMN’s Czech Republic high-purity manganese project.

Stifel is very experienced in the battery metals financing space, and is expected to help with moving EMN towards a final investment decision in 2023.

This appointment is good progress on Objective #4 from our EMN Investment Memo:

What’s next for EMN? Completion of the Feasibility Study for the Chvaletice Manganese Project is expected in the coming weeks. EMN has been in “quiet execution mode” for the first half of this year but we expect the second half of the year to be a busy period for EMN with plenty of news flow.