Euro Manganese signs 2028 high-purity manganese offtake deal

• Euro Manganese signed a non-binding term sheet with 6K Energy for the long-term offtake of high-purity manganese starting in 2028.
• The commercial pricing structure is intended to support debt-financing requirements, and the company's shares traded up at $0.085.
• The company stated the arrangement is part of a broader strategy to establish a secure, traceable Western source for North American battery supply chains.

Euro Manganese (ASX:EMN) signed a non-binding term sheet with 6K Energy to supply high-purity electrolytic manganese metal from 2028.

The agreement follows 6K Energy testing and qualifying material produced at the Euro Manganese demonstration plant.

Martina Blahova, President and CEO of Euro Manganese, commented, "6K Energy’s successful testing and preliminary qualification of our material provide valuable validation of its quality and suitability for advanced battery-material applications."

The company stated the pricing structure supports anticipated debt needs while preserving potential upside exposure to strengthening manganese prices.

The company stated the deal advances its European supply position, and following the announcement, the Euro Manganese share price was up at $0.085.

The company reported its Chvaletice project strategy focuses on extracting high-purity battery materials to establish a traceable Western supply.

The company stated this overarching development plan targets the emerging raw material needs of North American advanced-manufacturing supply chains.