Euro Manganese trading on the OTCQX

4 minute read

By Trevor Hoey. Published at Jun 18, 2021, in Mining

Euro Manganese Inc’s (TSX-V and ASX:EMN; OTCQX: EUMNF) common shares will begin trading on the OTCQX Best Market (OTCQX) under the symbol EUMNF.

The OTCQX is the highest market tier operated by the OTC Markets Group Inc. on which approximately 11,000 US and global securities trade.

Trading on OTCQX will enhance the visibility and accessibility of the company to US investors.

The company’s shares will continue to trade on the TSX Venture Exchange (TSX-V) and Australian Securities Exchange (ASX) under the symbol EMN, and on the Frankfurt Stock Exchange under the symbol EO6.

Euro Manganese has joined the US-based OTCQX market in response to growing US investor interest in the company and its Chvaletice Manganese Project, and on this note managing director Marco Romero said, ”Over the past eight months we have witnessed a transformation in the global automotive industry, as carmakers accelerate their transition to battery electric vehicles.

“Without raw materials, there are no batteries, and high purity manganese is an essential battery metal.

“By joining the OTCQX, we are making it easier for US investors to gain exposure to this growing sector, enabling them to more easily trade in our shares.”

The OTC Markets Group welcomed Euro Manganese, while also underlining the importance of this development for the company in saying, “Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors.

“For companies listed on a qualified international exchange, streamlined market standards enable them to utilise their home market reporting to make their information available in the US.

“To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.”

US investors can find current financial disclosure and Real-Time Level 2 quotes for the company at www.otcmarkets.com/stock/EUMNF/overview.

To be eligible for trading on OTCQX the company must have a professional third-party sponsor introduction, and McMillan LLP acted as the company’s OTCQX sponsor.

Clear path to Demonstration Plant, DFS and EIS completion

Euro Manganese is currently focused on three main activities as it advances its proposed Chvaletice Manganese Project.

Front and centre is the fabrication, construction and commissioning of a demonstration plant, followed by the completion of a definitive feasibility study (DFS).

The completion of a final Environmental Impact Assessment for submission to permitting authorities will be another box ticked, and all of these milestones are targeted for the first quarter of 2022.

Management’s goal is to arrive at a final investment decision (FID) in 2022, followed by the arrangement of project financing and start of construction, with plant start-up, commissioning and commercial production projected for late 2024 or early-2025.

NB: EMN has also announced a succession plan for CEO Marco Romero.

EMN has begun its search for a CEO as it transitions it from from a development company to an operating company.

Marco Romero is the founder of EMN and its current CEO and will remain in the CEO position until a successor is identified and appointed.

"I have been looking for the right opportunity to make way for a new CEO for some time and have been working closely with the Board to set the stage for a transition. This current phase, where we are busy completing our feasibility study and EIA, building our demonstration plant, as well asseting the stage for project financing and construction, represents an ideal time to effect that change.

"We have tangible short-term objectives and a very capable team in place, and we are well funded to achieve those goals. What we need now is to onboard a CEO who has the right credentials to build out our organisation and prepare us for life as an operating company at the heart of the European battery supply chain.

"I plan to remain with the Company in a new role to help our team achieve our key goals and to pursue opportunities beyond the advancement of our current project. I am excited about the future of Euro Manganese."


View Our Investment Portfolios


S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X