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Euro Manganese Inc (ASX:EMN)

ALERT: Price-sensitive ASX Announcement for EMN
Current share price for EMN : $0.071 -0.054 (-43.20%)+
Announcement
Release
14 May 2026 8:25AM
Price at Release
$0.125
Full Release
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Summary
Euro Manganese Inc. (EMN) announces a positive Preliminary Economic Assessment (PEA) for the Chvaletice Manganese Project in the Czech Republic. The assessment outlines a two-phase development strategy that includes the production of high-purity manganese sulfate monohydrate (HPMSM) and high-purity electrolytic manganese metal (HPEMM), with a capacity to convert up to 150,000 tonnes per annum of HPMSM. The project, which has a life span of 26 years, is expected to yield significant economic returns with a post-tax IRR of 13.8% and a post-tax NPV of $492 million at an 8% discount rate. The phased development approach reduces upfront capital requirements and aligns investment with cash flow, projecting robust economic viability even under conservative pricing conditions. Euro Manganese aims to secure the remaining land rights by 2026 and advance towards a full feasibility study by the first half of 2027. The project is positioned to benefit from the EU's Critical Raw Materials Act and U.S. federal procurement requirements, emphasizing strategic mineral independence and reducing reliance on Chinese sources.
Key Points
  • Higher recoveries for high-purity manganese products.
  • Revised flowsheet for flexible production capacity.
  • Incorporation of magnesium carbonate as a by-product.
  • Consistent CAPEX costs despite inflation.
  • Reduced OPEX per unit cost for HPMSM.
  • Potential economic viability under conservative market conditions.
  • Phased development strategy reduces capital requirements.
  • Phase II buildout planned soon after Phase I.
  • Post-tax IRR of 13.8% and post-tax NPV of $492M.
  • Project life of 26 years with 150,000 tpa HPMSM production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.