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Be the first with the news that moves the market- Euro Manganese reserves 100 per cent plant capacity to high-purity manganese production
- Chvaletice demonstration plant to be commissioned in Q4 2020
- Plant will produce electrolytic manganese metal and manganese sulphate monohydrate
- No movement but shares registered at CAD$0.14 per share
Euro Manganese has notified the market that it has reserved 100 per cent of its Chvaletice Manganese demonstration plant capacity to the manufacture of high-purity manganese products once construction is complete.
Commissioning of the plant is expected to be the in Q4 of this year after entering a CAD$3.3 million (US$2.5 million) turnkey contract in December 2019. This included fabrication, delivery, commissioning, laboratory installation and the set-up of an operator training program.
The contract also included performance and completion guarantees.
Once operational it will produce high-purity electrolytic manganese metal and manganese sulphate monohydrate, which will be used in electric vehicle batteries, precursors materials, cathodes, and used in chemical, aluminium and steel companies, as well as electric vehicle manufacturers.
The company said manganese products will be selenium and chromium-free and are designed to contain very low levels of deleterious impurities.
It also said it intends to work towards establishing long-term commercial offtake arrangements for the supply of high-purity electrolytic manganese metal and/or high-purity manganese sulphate monohydrate.
At the time of writing there was no movement in Euro Manganese’s shares, but registered at CAD$0.14 per share. It has a market CAD$23.8 million.
