Euro Manganese Inc. Completes IPO for Dual Listing in Canada and Australia, Commences Trading on TSX-V and ASX



  • Euro Manganese Inc. raises approximately CAD$ 8.6 million (~AUD$9.2 million) comprised of CAD$2.5 million under a Canadian Offering and AUD$6.5 million under an Australian Offering
  • IPO strongly supported by new and existing domestic and international investors
  • Euro Manganese Inc. is targeting the development of one of Europe’s largest manganese resources at the Chvaletice Manganese Project in the Czech Republic
  • Focus is on production of ultra-high-purity and environmentally superior manganese products in close proximity to a major emerging European cluster of lithium-ion battery industries
  • Trading debut on 2nd October 2018 at 10:00am (Sydney time) on the Australian Securities Exchange and at 6:30am (Vancouver time) the TSX-Venture Exchange in Canada

VANCOUVER, British Columbia, Oct. 02, 2018 (GLOBE NEWSWIRE) --  Euro Manganese Inc. ("EMN" or the "Company") has closed its initial public offering on the TSX-Venture Exchange in Canada of 10,000,000 common shares of the Company ("Common Shares") at a price of CAD$0.25 per share, for aggregate gross proceeds of CAD$2,500,000 (the "Offering").  Concurrently, the Company successfully completed an initial public offering on the Australia Securities Exchange ("ASX") of 25,000,000 CHESS Depository Interests (each, a "CDI" and each CDI representing one fully paid Common Share), at a price of AUD$0.26 per CDI, for gross proceeds of AUD$6,500,000 (approximately CAD$6,100,000) (the "Australian Offering").  Gross proceeds to the Company from the Offering and Australian Offering were approximately CAD$8,600,000.

The Company has been admitted to the ASX, and its CDIs began trading on the ASX on October 2, 2018 (Australia time) under the trading symbol "EMN". The Common Shares will commence trading on the TSX-V at market open, on October 2, 2018 (Canada time), also under the trading symbol "EMN".

The Company is advancing the evaluation and development of the Chvaletice Manganese Project, located in the Czech Republic (the “Project”), in which it holds a 100% interest. The Project contains one of Europe’s largest manganese deposits, hosted in tailings from historical mining and milling operations. The Project leverages excellent surrounding infrastructure and a strategic location in the heart of Europe, where consumption of high-purity manganese products is widely expected to expand significantly in the coming decade, driven by demand from the continent’s major emerging electrical vehicle and lithium-ion battery industries, and by the high-performance steel and aluminum alloy industries.

The Czech Republic, a member of the European Union, is a modern, stable and sophisticated country, with comprehensive business, investment and environmental laws. EMN expects that the proposed recycling and reprocessing of the Chvaletice tailings will result in the environmental remediation of this site, bringing it into compliance with current Czech and EU standards and regulations. The Company seeks to work closely with neighbouring communities to achieve positive outcomes for their residents.

The Company’s board and management team are experienced company builders and have uniquely complementary skills in exploration, financing, project development and operations. Its management team has a strong track-record and reputation for excellence in environmental practices and corporate social responsibility.

Canaccord Genuity Corp. acted as agent for the Offering in Canada and Canaccord Genuity Australia Limited managed the Australian Offering.

Marco Romero, EMN’s President and CEO stated:

“The successful completion of our dual IPO, in the world’s leading equity capital markets for our sector, is a noteworthy milestone for EMN. It enables us to continue our steady progress towards the development of this strategic manganese resource in the heart of Europe. It brings us one step closer to our goal of becoming a highly-competitive, reliable and environmentally superior supplier of ultra-high-purity manganese products, satisfying the requirements of the most demanding customers .

“Our timing and the location of our Project appear to be excellent. European and international demand for high-purity manganese products used in the leading lithium-ion battery formulations is increasing rapidly. There are significant sums being invested or expected to be invested in the development of battery and battery precursor plants in Europe that require high-purity manganese inputs. This is particularly evident with the lithium-ion battery and precursor materials production capacity and plans for its growth that have emerged in recent times in Germany, Poland, Belgium, Hungary, Austria, Sweden and Finland. We also see significant market opportunities outside Europe.”

“We are paying great attention to detail in everything we do, continuously striving to achieve very high technical, commercial, environmental and social standards.”

About Euro Manganese Inc.

Euro Manganese Inc. is a Canadian mineral resource company, whose principal focus is the evaluation and development of the Chvaletice Manganese Project, which entails re-processing a significant manganese deposit hosted in historic mine tailings, strategically-located in the Czech Republic. The Company's goal is to become a leading, competitive and environmentally superior supplier of ultra-high-purity manganese products, serving the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.

About the Chvaletice Manganese Project:

Chvaletice is one of Europe’s largest manganese resources, hosted in tailings from 1951-1975 historical mining and milling operations. No hard mining, crushing or milling are expected to be required for their extraction. Manganese occurs at Chvaletice predominantly as highly soluble minerals, amenable to conventional hydrometallurgical processes.

The Company’s 2017 drilling program served as the base for a CIM compliant Resource Estimate that reported an indicated resource of 23.37 million tonnes grading 7.4% manganese (excluding inferred resources). The Company is targeting the recycling of the Chvaletice manganese-bearing tailings using cleaner, proven and conventional technology.  By reprocessing the tailings and implementing a progressive reclamation program on the site, the Company intends to remediate the site and to bring it into compliance with Czech and European environmental regulations and standards.

An extensive metallurgical test work and process design program has been underway since early 2016. Pilot-plant test runs were recently concluded.  An updated resource estimate, following a summer 2018 drilling program, is expected to be published by Tetra Tech Canada Inc. later this quarter, to be followed by a Preliminary Economic Assessment.  The Company, through its Czech operating subsidiary obtained its Preliminary Mining Permit for the Project in April 2018, has completed two years of baseline environmental studies and groundwater monitoring, and expects to file its definitive Environmental Impact Assessment in the first half of 2019. 

The Chvaletice Manganese Project is located 90km from Prague, in the Czech Republic, a tier-one jurisdiction with excellent infrastructure, including rail, highway, natural gas and water, and adjacent to a major power plant at a key node in the Czech national electrical grid.

Mr. Gary Nordin, Chief Geologist for Euro Manganese Inc., serves as ‘Qualified Person’ as defined in NI 43-101 and has approved the scientific and technical information contained in this news release.

Cautionary Notes:

No securities regulatory authority has either approved or disapproved of the contents of this news release.

The Common Shares and CDIs have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the Common Shares and CDIs may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of EMN in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Marco A. Romero,
President & CEO
(604)-681-1010 ext. 101  

Corporate Presentation: /investors

Om GlobeNewswire

One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Følg saker fra GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra GlobeNewswire

Nordic Innovators Cloudstreet and Domos Partner to Deliver an End-to-End, Application-Aware 5G Experience to the Home22.2.2019 09:00:00Pressemelding

Cloudstreet’s carrier-grade API and Network Slicing platform with Domos’ Machine Learning Solution for home networks delivers intelligent connectivity out of the box Barcelona, Spain., Feb. 22, 2019 (GLOBE NEWSWIRE) -- Finland’s Cloudstreet, the US-patented Network Slicing Company, and Norway’s Domos, a leader in Machine Learning technologies for the smart home, are pleased to announce that they have teamed up to create the industry’s first end-to-end, intelligent application and context-aware network slicing solution for home networks. The solution will be on display February 25-28 at the Mobile World Congress in Barcelona in Hall 5, stand 5C41. A perfect example of MWC’s aspirational theme, “Intelligent Connectivity”, the solution closes the loop on delivering a 5G experience to fixed wireless home networks. The combined technologies solve two key, last-mile problems that have plagued mobile-enabled home networks: 1) How to build application-awareness into the network without comprom

General Electric Company: Doc re. GE Files Form 8-K22.2.2019 08:00:00Pressemelding

FAIRFIELD, Conn., Feb. 22, 2019 (GLOBE NEWSWIRE) -- Company General Electric Company ISIN US3696041033 Symbol London: GEC | Paris: GNE Headline Doc re: GE files Form 8-K February 21, 2019 On February 21, 2019, General Electric Company (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"), which has been submitted to RNS. It is also available on the SEC's website at and on the Company's website at CONTACT: GE Jennifer Erickson +001 646 682 5620 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

Northland Power Reports Full Year and Fourth Quarter 2018 Results22.2.2019 02:52:00Pressemelding

Results Reflect Successful Growth Strategy with Free Cash Flow per Share Up 30% and Adjusted EBITDA Up 17% TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three months and year ended December 31, 2018. “2018 was a significant year for Northland. We continued to operate safely and efficiently, achieving strong growth in free cash flow and adjusted EBITDA,” said Mike Crawley, President and Chief Executive Officer of Northland. “Construction of Deutsche Bucht project remains on time and on budget, and we also remain well-positioned for continued growth. Our expansion into Asia has gained further traction, with the first of the three Hai Long offshore wind projects securing all approvals and permits. The next step for this 300 MW project will be executing its PPA.” Highlights: 2018 Financial Results Sales increased 13% from $1.4 billion in 2017 to $1.6 billion and gross profit increased 17% t

NexusTours appoints Sham Ganiwalla as Business Development Director for Europe and Middle East21.2.2019 18:25:00Pressemelding

CANCUN, Mexico, Feb. 21, 2019 (GLOBE NEWSWIRE) -- NexusTours is pleased to announce that Sham Ganiwalla has joined the company as Business Development Director for the Europe and Middle Eastern markets. With a career spanning many years in tourism working for companies such as Tourico Holidays and Hotelbeds, Sham has extensive knowledge about different areas of the business, from product and marketing, to performance management and customer service. Reporting to Nadia Younes, Commercial Director Europe & MEAPAC, Sham will bring value to the development of Nexus' projects across the region. Rubén Gutiérrez, President Destination Services of Sunwing, commented, “The addition of Sham, will allow us to accelerate our commercial expansion in Europe and MEAPAC. We know that there are many travel partners that will value our expansion and positioning as regional leaders in destinations across America, our quality of service as “local experts”, as well as the ease of obtaining reservations thr

Segment Launches New Program to Help Early-Stage Startups Achieve Product-Market Fit and Maximize Growth21.2.2019 17:00:00Pressemelding

Startups Will Receive Up to Two Years’ Free Access to Segment’s CDI, Alongside Great Deals for Leading Applications from Google Cloud for Startups, Amplitude, Intercom, Mode Analytics and More SAN FRANCISCO`, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Segment, the customer data infrastructure company, today launched the Segment Startup Program, a new initiative that will provide early-stage companies with the financial, educational and business support they need to reach key product milestones and effectively grow their business. “Having seen thousands of small startups grow into large companies using Segment, we know that even the fastest-growing companies struggle with things such as finding product-market fit, ensuring future revenue streams, and optimizing the sales funnel,” said Ilya Volodarsky, co-founder of Segment. “This is something we certainly experienced ourselves when founding Segment back in 2011, when we were just four friends in a dorm room. Now that we have thousands of custome

PubMatic Launches OpenBid, Bringing Full Strength of Programmatic Monetization to the Mobile App Environment21.2.2019 15:00:00Pressemelding

The Programmatic-First SDK Offers App Developers Benefits of Header Bidding REDWOOD CITY, Calif., Feb. 21, 2019 (GLOBE NEWSWIRE) -- PubMatic, the publisher-focused sell-side platform (SSP) for an open digital media future, today announced the launch of OpenBid, a breakthrough programmatic-first solution that provides app publishers and developers with a gateway to programmatic demand and brand ad budgets. Consumers globally are increasingly interacting with media via mobile devices, and many brand advertisers are turning to in-app advertising to reach this highly-engaged audience. Many are focusing their budgets on automated buying channels such as the open exchange and private marketplaces, with over 90 percent of global media buyers planning to increase their programmatic direct in-app budgets in 2019 (Forrester Consulting). However, many app developers have been unable to fully capitalize on the growing interest from brand advertisers as they rely on legacy mobile mediation partners