Euro Manganese reports important environmental milestone

By Hannah Goldman. Published at Jan 15, 2021, in Small Caps

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.

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