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Euro Manganese Inc (ASX:EMN)

ALERT: Price-sensitive ASX Announcement for EMN
Current share price for EMN : $0.115 0.03 (35.29%)+
Announcement
Release
17 Aug 2026 8:02AM
Price at Release
$0.085
Full Release
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Summary
Euro Manganese Inc. announced a non-binding offtake term sheet with 6K Energy for the sale of high-purity electrolytic manganese metal from its Chvaletice Manganese Project. This agreement follows successful testing by 6K Energy and supports establishing Chvaletice as a reliable source for North American battery supply chains. The term sheet outlines a long-term, take-or-pay arrangement intended to support debt financing, with initial supplies expected in 2028. The pricing is market-linked, and broader commercial opportunities with 6K Energy are also being explored.
Key Points
  • Euro Manganese Inc. has entered into a non-binding offtake term sheet with 6K Energy for high-purity electrolytic manganese metal.
  • 6K Energy has successfully tested and qualified the high-purity manganese for battery applications.
  • The agreement supports establishing Chvaletice as a secure source for North American supply chains.
  • The term sheet includes a long-term, take-or-pay arrangement to support debt financing.
  • Initial supplies are expected from Euro Manganese's Demonstration Plant by 2028.
  • The pricing mechanism in the term sheet is market-linked to reflect current conditions.
  • Euro Manganese and 6K Energy plan to explore broader commercial opportunities.
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.