Euro Manganese (ASX:EMN) has praised the European Commission's proposed Critical Raw Materials Act, which aims to ensure a secure supply of critical raw materials for the energy transition.
The company believes its Chvaletice Manganese Project in the Czech Republic is likely to benefit from the Act, as it includes high-purity manganese as a strategic raw material.
The Chvaletice Project intends to provide 25% of Europe's high-purity manganese demand and may qualify as a Strategic Project, potentially qualifying for priority permitting status, access to funding, and facilitating offtake agreements.
Euro Manganese shares closed up 2% today.