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Municipalities support the Chvaletice Manganese project with land rezoning and land access contract approval, Canadian Business Journal

Vancouver, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (“society” Also “EMN”) Announces that the Trnavka Village Council has approved the rezoning of the land underlying the Chvaletice Manganese Project deposit (“).plan“). In addition, the terms of the land access agreement have been approved for project land owned by the Chvaletice municipality.

Approval of land rezoning underlying the project

Village of Trnavka (“”TrnavkaApproximately 85% of the project’s Tailings are located. “) Officially approved the rezoning of such land for the mining industry. Trnavka is the closest residential area, just east of the project. Rezoning shows continued support from Trnavka, who previously sold 2.96 hectares of land adjacent to the project’s Tailings-hosted deposits to the company.

The remaining territory of the underlying land falls under the authority of the city of Chvaletice (“Chvaletice”), Just west of the project. Municipalities have previously unanimously voted to approve the start of a rezoning process based on their land use plans. This process is underway and we expect the rezoning of the Chvaletice land, which will be the basis of the project’s Tailings deposit, to be officially approved for mining by the end of 2022.

Approval of land access agreement terms from Chvaletice

In addition, the city of Chvaletice has approved the terms of the land access agreement for the lease of land owned by Chvaletice, which is approximately 19% of the total land area required for the project, and the total tailing area.

An important condition with Chvaletice is an early 40-year land rent, or an inflation-adjusted annual rent of 7.46 million CZK (about C $ 420,000) based on the average annual CPI in the Czech Republic. Includes repair. Index for 12 months of the previous calendar year. The land lease agreement is subject to the final agreement to formally conclude a land lease from Chvaletice. This is expected to be completed by us in the second quarter of 2022.

Discussions are underway with the remaining landowners to conclude land access agreements for the remaining project areas. To date, we have obtained the consent of all landowners needed to conduct exploration activities and access the site. In addition, we have the option to acquire, agree to, or acquire all the land required for the desired high-purity manganese treatment plant site.

Dr. Matthew James, President and CEO of EMN, commented:

“We are grateful for the continued support of the neighboring communities Chvaletice and Trnavka. Our team is meaningful to inform the local population and participate in the evaluation and planning of the Chvaletice manganese project. We have endeavored to create opportunities. Our goal is long-term, respectful and collaborative, ensuring that the project fits seamlessly into the local environmental, social and economic structure. Is to build a relationship.

“In addition, we will continue to discuss with the remaining landowners related to the land access agreement for the Chvaletice project area.”

About EuroManganese Inc.

Euro Manganese Inc. is a specialty chemicals company focused on driving the development of the Chvaletice Manganese Project, which holds a 100% stake. Our goal is to become a leading competitive and environmentally superior primary producer of high-purity manganese products in the heart of Europe, servicing the battery industry of electric vehicles and other high-tech applications. .. The proposed project involves reprocessing important manganese deposits hosted by Tailings from strategically located abandoned mines in the Czech Republic within the European Union. The project will produce high-purity manganese and at the same time restore the Tailings area, a long-standing source of groundwater pollution.

The release by the CEO of EuroManganese Inc has been approved.

Neither TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange policy) is responsible for the validity or accuracy of this release.

contact address:
Euro Manganese Inc.
Dr. Matthew James
President and CEO
+44 747229 66 88

Faust Tadej
Vice President for Corporate Development
& Corporate Secretary
+ 1-604-681-1010 ext. 105

Media Inquiries:
Ron Sheuchuk
Communication director
+ 1-604-781-2199

Email: info@mn25.ca
Website: www.mn25.ca

Company address: # 709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8

Description of future prospects

The specific statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities law. Such statements and information may include known and unknown risks, uncertainties, and actual results, performance, or outcomes of our company, its projects, or industry results, expressed or implied future results, performance, etc. Or it includes other factors that may differ materially from the outcome. By description or information about such future prospects. Such statements are “may”, “do”, “can”, “do”, “intention”, “expect”, “believe”, “plan”, “expect”, “estimate”. It can be identified by using words such as “to do”. , “Appointment,” “Forecast,” “Forecast,” and other similar terms, or a particular action, event, or result is “potential,” “potential,” or “potential.” , “Possible”, or “Possible” stated or achieved. Such forward-looking information or statements relate to future events or future performance of the Company and its business and operations. This includes, but is not limited to: Concluded an agreement to formalize Chvaletice’s land lease agreement. The company’s ability to secure the rights to the remaining land surface. Our ability to fund the full-scale commercial development of the project. Furthermore, it should be noted that no production decisions have been made for the project and such decisions will only be made on the basis of the completion of an active feasibility study with permits and funding.

Readers should be careful not to place excessive reliance on forward-looking information or statements. Forward-looking statements and information carry significant risks and uncertainties and should not be read as a guarantee of future performance or results, but are necessarily accurate indicators of whether such results will be achieved. Must not be. Factors described in the “Risk Notice” and elsewhere in our MD & A, and inability to obtain regulatory approval in a timely manner. Unknown or unexpected events can cause the contract terms to not be met. Unexpected changes in laws, rules, regulations, or their enforcement by applicable authorities. If the parties to the contract with the company do not perform as agreed. Social or labor insecurity; Changes in commodity prices; Exploration programs or research cannot provide expected results or results that would justify and support ongoing exploration, research, development or operation.

The forward-looking statements contained in this news release are based on our management’s belief that they are reasonable assumptions, but the actual results are consistent with these forward-looking statements. Cannot be guaranteed to investors. These forward-looking statements were made as of the date of this news release and are fully explicitly qualified by this notice. In accordance with applicable securities laws, we undertake no obligation to update or revise any forward-looking statements contained in this document to reflect events or circumstances that occur after the date of this news release. Our actual performance is as a result of the factors listed in the Risk Notice section for the fiscal year ended September 30, 2021 and elsewhere in our MD & A and its annual information form. It may differ significantly from what was expected in the outlook statement. ..


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Municipalities support the Chvaletice Manganese project with land rezoning and land access contract approval, Canadian Business Journal

Source link Municipalities support the Chvaletice Manganese project with land rezoning and land access contract approval, Canadian Business Journal

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