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Term sheet backs Euro Manganese as secure Western manganese source for battery supply chains

JMM

Key Facts:

• American company 6K Energy has successfully tested and preliminarily qualified high-purity manganese from Euro Manganese's Demonstration Plant.
• The non-binding term sheet contemplates a long-term, take-or-pay offtake of high-purity electrolytic manganese metal (HPEMM) from the Chvaletice Project.
• Pricing is designed to support Chvaletice's debt-financing needs while preserving upside if manganese prices strengthen.
• Initial HPEMM volumes are expected from the Demonstration Plant from 2028, ahead of a binding agreement still to be negotiated.
• CEO Martina Blahova says the deal converts customer interest into a long-term commercial relationship, with scope to explore NDAA-compliant supply.

Euro Manganese signs non-binding offtake term sheet with 6K Energy after high-purity manganese passes qualification testing. 

Euro Manganese Inc. (TSX-V and ASX: EMN) has entered a non-binding offtake term sheet with 6K Energy, a US-based cathode active materials producer, for the proposed sale of high-purity electrolytic manganese metal (HPEMM) from its Chvaletice Manganese Project in the Czech Republic.

The agreement follows 6K Energy's successful testing and preliminary qualification of high-purity manganese produced at Euro Manganese's Demonstration Plant, providing third-party validation of the material's quality and suitability for battery-material applications.

The term sheet contemplates a long-term, take-or-pay arrangement, with market-linked pricing designed to support the Project's debt-financing requirements while preserving upside exposure to strengthening manganese prices. Initial HPEMM volumes are expected from the Demonstration Plant beginning in 2028, ahead of a binding agreement the parties intend to negotiate.

The framework allows Euro Manganese and 6K Energy to explore broader opportunities for the Company's products within 6K Energy's operations, including potential supply intended to meet requirements under the U.S. National Defense Authorization Act.

Euro Manganese President and CEO Martina Blahova says,

“This term sheet represents an important step toward converting customer interest into a long-term commercial relationship. 6K Energy’s successful testing and preliminary qualification of our material provide valuable validation of its quality and suitability for advanced battery-material applications. 

Chvaletice’s planned ability to produce both high-purity manganese metal and high-purity manganese sulphate would provide customers with flexibility across a range of manufacturing processes and strengthen the Project’s relevance to Western supply chains. We look forward to advancing negotiations toward a definitive offtake agreement and exploring broader opportunities with 6K Energy, including the potential supply of high-purity manganese intended to meet applicable requirements under the U.S. National Defense Authorization Act.”

Aaron Kless, Senior Vice President of Global Operations at 6K Energy, says,

“Establishing secure, transparent and resilient supply chains for critical battery materials is central to the growth of domestic cathode manufacturing. The successful testing and preliminary qualification of Euro Manganese’s high-purity manganese material is an encouraging step in our evaluation process.

We are pleased to establish this framework with Euro Manganese and look forward to advancing our discussions toward a definitive agreement while exploring opportunities to support 6K Energy’s long-term material requirements and the continued development of a competitive North American battery supply chain.”

 

About us:

Euro Manganese Inc. (TSX-V and ASX: EMN; FSE: E06) is a battery materials company developing the Chvaletice Manganese Project in the Czech Republic, Europe’s only near-term source of high-purity manganese, a critical ingredient in next-generation electric vehicles, energy storage batteries and defence applications.

The Chvaletice Manganese Project aims to reprocess historic mine tailings to produce high-purity electrolytic manganese metal (HPEMM), and high-purity manganese sulphate monohydrate (HPMSM), establishing a fully traceable, low-carbon supply chain within the European Union.

Euro Manganese is positioned to become Europe’s first domestic producer of high-purity manganese, meeting the rising demand for sustainable, strategic battery materials while advancing Europe’s clean-energy and supply-chain independence goals.

Contact details:

Euro Manganese | CEO and President, Martina Blahova, [email protected]

Jane Morgan Management | Investor and Media Relations  [email protected]

+61 0450 646 609