Euro Manganese Reports Third Fiscal Quarter 2024 Financial Results
Euro Manganese Reports Third Fiscal Quarter 2024 Financial Results
VANCOUVER, British Columbia, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) (the "Company" or "EMN") today announced financial results and key developments during the third fiscal quarter and to date. The Company has now filed its June 30, 2024, third fiscal quarter Financial Statements and Management's Discussion and Analysis. Euro Manganese's fiscal year end is September 30.
不列颠哥伦比亚省温哥华,2024年8月14日(GLOBE NEWSWIRE)——欧洲锰业公司(多伦多证券交易所和澳大利亚证券交易所股票代码:EMN;OTCQB:EUMNF;法兰克福:E06)(“公司” 或 “EMN”)今天公布了第三财季及迄今为止的财务业绩和主要进展。该公司现已提交2024年6月30日的第三财季财务报表和管理层的讨论与分析。欧洲锰业的财政年度结束时间为9月30日。
Key Developments During and Subsequent to the Quarter
本季度及之后的关键进展
Chvaletice Project, Czech Republic
Chvaletice 项目,捷克共和国
Successful completion of commissioning of the Company's high-purity manganese Demonstration Plant at its Chvaletice Manganese Project ("Chvaletice Project" or the "Project"), allowing for the production of bulk, multi-tonne finished product samples of high-purity manganese sulphate (HPMSM) and high-purity manganese metal (HPEMM) for prospective customers' supply chain qualification.
Completion of an application for Strategic Project status with the EU Critical Raw Materials Act (CRMA) to be submitted prior to the closing date of August 22, 2024. The benefits of gaining Strategic Project status include access to financing from private and public sources of funding such as national promotional banks, the EIB, EBRD, regional and national funding authorities, and private financial institutions.
Engagement with the Investment and Business Development Agency of the Czech Republic (CzechInvest) for an application to be made for Czech government investment incentives, including potential cash grants on eligible capital expenditures and income tax relief.
Exploration of an application, with the support of EIT InnoEnergy (EIT), to the EU Innovation Fund's next call for proposals which is expected to open in Q4 2024. The EU Innovation Fund is one of the world's largest funding programmes for the demonstration of innovative low-carbon technologies, funded by the EU Emissions Trading System. The initial step is a viability check with a specialist consultant.
成功完成公司Chvaletice锰项目(“Chvaletice项目” 或 “项目”)高纯度锰示范厂的调试,允许生产批量多吨高纯度硫酸锰(HPMSM)和高纯金属锰(HPEMM)成品样品,以供潜在客户的供应链认证。
完成《欧盟关键原材料法》(CRMA)的战略项目地位申请,该申请将在2024年8月22日截止日期之前提交。获得战略项目地位的好处包括可以从私人和公共资金来源获得融资,例如国家推广银行、欧洲投资银行、欧洲复兴开发银行、地区和国家融资机构以及私人金融机构。
与捷克共和国投资和商业发展局(CzechInvest)合作,申请捷克政府的投资激励措施,包括对符合条件的资本支出和所得税减免的潜在现金补助。
在EIT InnoEnergy(EIT)的支持下,探索欧盟创新基金下一次提案征集的申请,该征集预计将于2024年第四季度开始。欧盟创新基金是世界上最大的创新低碳技术示范资助计划之一,由欧盟排放交易体系资助。第一步是与专业顾问进行可行性检查。
Financial Position
财务状况
Cash and cash equivalents of approximately C$13.2 million as at end of fiscal Q3 (June 30, 2024) compared to C$20.1 million as at end of fiscal Q2 (March 31, 2024).
Working capital of C$11.7 million as at end of fiscal Q3 (June 30, 2024) compared with C$15.5 million as at end of fiscal Q2 (March 31, 2024).
截至第三财季末(2024年6月30日),现金及现金等价物约为1,320万加元,而第二财季末(2024年3月31日)为2,010万加元。
截至第三财季末(2024年6月30日),营运资金为1170万加元,而第二财季末(2024年3月31日)为1,550万加元。
Dr. Matthew James, President & CEO of Euro Manganese, commented:
Euro Manganese总裁兼首席执行官马修·詹姆斯博士评论说:
"We made continued progress in the third quarter on a number of fronts. With the successful commissioning of our high-purity manganese Demonstration Plant at the Chvaletice Project, we are now capable of producing on-spec bulk samples for customers' supply chain qualifications. This is crucial for our ongoing offtake negotiations. The application for Strategic Project status with the EU Critical Raw Materials Act and engagement with CzechInvest help to position the Company for advantageous funding and financial opportunities which would de-risk the financing and development of the Chvaletice Project. Additionally, a successful EU CRMA Strategic Project application would provide financial and other support from a highly influential network of technology and funding partners. As we continue discussions with potential offtake clients, we are confident in our unique position as the only manganese resource in the EU, poised to supply critical raw materials for the energy transition."
“我们在第三季度在多个方面持续取得进展。随着我们在Chvaletice项目的高纯度锰示范工厂的成功调试,我们现在能够生产符合规格的散装样品,以满足客户的供应链资格要求。这对于我们正在进行的承购谈判至关重要。根据《欧盟关键原材料法》申请战略项目地位以及与捷克投资局的合作有助于公司获得有利的资金和财务机会,从而降低Chvaletice项目的融资和开发风险。此外,成功的欧盟CRMA战略项目申请将提供来自极具影响力的技术和资金合作伙伴网络的资金和其他支持。在我们继续与潜在承购客户进行讨论的同时,我们对自己作为欧盟唯一的锰资源的独特地位充满信心,有望为能源转型提供关键原材料。”
About Euro Manganese
关于欧元锰
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and pursuing an opportunity to produce battery-grade manganese products in Bécancour, Québec.
Euro Manganese是一家电池材料公司,致力于成为电动汽车行业高纯度锰的领先生产商。该公司正在捷克共和国推进Chvaletice锰项目的开发,并寻求在魁北克贝坎库尔生产电池级锰产品的机会。
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Chvaletice项目是一个独特的废物价值回收和修复机会,涉及对退役矿山的旧尾矿进行再处理。它也是欧盟唯一可观的锰资源,公司的战略定位是为电池供应链提供关键原材料,以支持全球向循环低碳经济的转变。
Euro Manganese is dual listed on the TSX.V and the ASX and is also traded on the OTCQB.
欧洲锰业在多伦多证券交易所和澳大利亚证券交易所双重上市,也在OTCQB上市。
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