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Euro Manganese Inc (ASX:EMN)

ALERT: Price-sensitive ASX Announcement for EMN
Current share price for EMN : $0.079 -0.056 (-41.48%)+
Announcement
Release
15 May 2026 8:29AM
Price at Release
$0.135
Full Release
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Summary
Euro Manganese Inc. reported its half-year financial results for the period ending March 31, 2026. The company experienced a net loss of $8.059 million, showing a slight improvement from the previous year's loss of $9.174 million. Revenue increased by 25.5% to $2.4 million, driven by the sale and service of specialty steel products. However, the company faced increased costs, notably in its Chvaletice Project evaluation, which, coupled with corporate expenses and foreign exchange losses, resulted in a total comprehensive loss of $8.123 million. The company continues to hold a mining lease permit for the Chvaletice Manganese Project, securing its legal rights and enabling further project development.
Key Points
  • Net loss of $8.059 million for half-year ending March 31, 2026
  • Revenue increased by 25.5% to $2.4 million
  • Chvaletice Project evaluation costs contributed to losses
  • Company holds a mining lease permit with no expiry date
  • Comprehensive loss of $8.123 million
  • Revenue growth driven by specialty steel product sales
  • Foreign exchange losses impacted financial results
  • Total assets as of March 31, 2026, were $31.455 million
  • Liabilities increased to $36.434 million
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.