Euro Manganese
Euro Manganese is a Canadian-listed battery materials developer reprocessing historic mine tailings at the Chvaletice Project in the Czech Republic to produce high-purity HPEMM and HPMSM for European and North American EV battery manufacturers, cathode producers, and specialty chemical customers.
- Company typePublic
- Founded2014
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Euro Manganese does
Euro Manganese Inc. is a Canadian-domiciled, TSX-V/ASX-listed battery materials development company advancing the Chvaletice Manganese Project in the Czech Republic. The company reprocesses approximately 27 million tonnes of historic tailings from a decommissioned mine through a hydrometallurgical metal-route process designed with BGRIMM, producing high-purity electrolytic manganese metal (HPEMM, >99.9% Mn) without selenium or chromium, and converting two-thirds of HPEMM on-site into high-purity manganese sulphate monohydrate (HPMSM, 32.34% Mn minimum) without fluorine via MVR crystallization. The 25-year project is underpinned by a 27Mt Proven and Probable Reserve, with feasibility-stage production targeted at 50,000 tpa HPEMM and 100,000 tpa HPMSM generating projected gross revenues averaging US$554 million per year (US$13.9 billion life-of-project) at base-case pricing of $4,019/t HPMSM and $10,545/t HPEMM. The company pursues a direct enterprise sales motion into European and North American EV battery supply chains, supported by offtake term sheets with Integrals Power (LMFP), Wildcat Discovery (cobalt/nickel-free cathodes), Blue Grass Chemical Specialties (manganese nitrate precursor), and FeMoCat (catalysts), as well as a by-product magnesium carbonate stream. The asset holds EU Critical Raw Materials Act Strategic Project status and Czech Republic Strategic Deposit designation, carries an ESIA (March 2024) and Mining Lease (January 2025) with no expiration, and is funded to date by approximately US$100M from Orion Resource Partners (convertible loan and royalty), C$8.5M from EBRD in 2022, C$11.2M raised in May 2025 (anchored by EBRD, Eric Sprott, and Orion), and earlier equity rounds, with US$757.3M in initial capital still required to reach commercial production.
Euro Manganese firmographics
Firmographics- Name
- Euro Manganese
- Legal name
- Euro Manganese Inc.
- Website
- https://mn25.ca
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Euro Manganese is a Canadian-listed battery materials developer reprocessing historic mine tailings at the Chvaletice Project in the Czech Republic to produce high-purity HPEMM and HPMSM for European and North American EV battery manufacturers, cathode producers, and specialty chemical customers.
- Ownership category
- akta.pro rank
Euro Manganese industry classification
Industry- Product category
- Manganese Mining and Battery Materials Processing
- NAICS
- Basic Chemical Manufacturing (3251)
- SIC
- Industrial Inorganic Chemicals (2810), Chemicals & Allied Products (2800)
- akta.pro primary industry
- Manganese Ore Mining & Concentrates (IMAKAFAF)
- akta.pro secondary industries
- Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where Euro Manganese is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Euro Manganese business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- High-Purity Manganese Product Sales: Primary revenue from sale of HPMSM and HPEMM to EV battery industry. Projected LOP revenues of US$13.9 billion with annual average of US$554 million over 25-year project life. Average prices of $4,019/tonne HPMSM and $10,545/tonne HPEMM in base case. Flexibility to supply either HPMSM or HPEMM to suit customer preference.
- By-Product Sales (Magnesium Carbonate): Sale of magnesium carbonate produced as a by-product from the wash water recovery system. Revenue not considered in Feasibility Study but secured through offtake term sheet with FeMoCat Ltd.
- Royalty Financing Obligations: US$50 million royalty on Project revenues owed to Orion Resource Partners as part of funding package structure. Subject to meeting development milestones.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | HPMSM pricing: $4,019/tonne (base case), $4,509/tonne (upside case) |
| Unit Pricing | Multi-year contract | HPEMM pricing: $10,545/tonne (base case), $12,075/tonne (upside case) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels8 records
Euro Manganese product offering
Product offeringCore offering
Euro Manganese produces and will sell High-Purity Manganese Sulphate Monohydrate (HPMSM) and High-Purity Electrolytic Manganese Metal (HPEMM) manufactured from reprocessed historic mine tailings at the Chvaletice Manganese Project in the Czech Republic. Annual capacity is projected at 100,000 tonnes of HPMSM and 50,000 tonnes of HPEMM over a 25-year operating life, with the products supplied to electric vehicle battery manufacturers, cathode material producers, and specialty chemical companies.
Product overview
Euro Manganese is a battery materials company focused on producing high-purity manganese for the electric vehicle industry. The company's core product portfolio consists of High-Purity Manganese Sulphate Monohydrate (HPMSM) and High-Purity Electrolytic Manganese Metal (HPEMM), both produced at the Chvaletice Manganese Project in the Czech Republic through a unique waste-to-value recycling process that reprocesses historic mine tailings. The HPMSM product (containing 99.9%+ purity and 32.34% manganese) is sold as powder for EV battery cathodes, while HPEMM (99.9%+ purity flakes) is sold directly or converted to HPMSM on-site. Approximately two-thirds of HPEMM production is converted to HPMSM. The company also produces magnesium carbonate as a by-product. An early-stage opportunity in Bécancour, Québec is being explored for additional production capacity.
Differentiator
Problem solved
Functional benefit
Products and services
- High-Purity Manganese Sulphate Monohydrate (HPMSM) Battery-grade manganese sulphate monohydrate powder containing no less than 99.9% high-purity manganese sulphate monohydrate and a minimum of 32.34% manganese. Produced without the use of fluorine. Sold to lithium-ion battery cathode manufacturers for use in electric vehicle batteries.
- High-Purity Electrolytic Manganese Metal (HPEMM) Battery-grade manganese metal flakes containing greater than 99.9% manganese. Produced without the use of selenium and chromium. Sold directly to specialty chemical customers or used as on-site feedstock for HPMSM production, with approximately two-thirds of HPEMM converted to HPMSM.
- Chvaletice Manganese Project A waste-to-value recycling and remediation project in the Czech Republic that reprocesses historic tailings from a decommissioned mine to produce high-purity manganese products for the EV battery industry. The only sizable manganese resource in the European Union, with a 25-year project life backed by a 27 million tonne Proven and Probable Reserve at 7.41% Mn.
- Magnesium Carbonate By-Product Magnesium carbonate produced as a by-product from the Chvaletice Manganese Project's wash water recovery system. Sold to industrial catalyst manufacturer FeMoCat Ltd at its Pardubice plant for use in catalysts and Synthetic Hydrotalcites production, providing an additional revenue stream beyond HPMSM and HPEMM.
- Bécancour Manganese Opportunity Early-stage exploration opportunity to produce battery-grade manganese products in Bécancour, Québec. Represents potential expansion of production capacity beyond the Czech Republic operation, providing North American supply optionality for future development.
Quantifiable outcome
- US$1.34 billion after-tax NPV at 8% discount rate
- +4 more outcomes
Companies that use Euro Manganese
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Euro Manganese technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Euro Manganese partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and minor.
- Integrals Power LimitedcoreUK-based next-generation battery nano-materials company. LOI and offtake term sheet for HPMSM supply for LMFP cathode materials. Initial test work program in Q3 2025 to determine compatibility. Deliveries to commence from first commercial production for initial 7-year term with renewal options. Partnership supports traceability and localized supply chain for UK & Europe.
- FeMoCat LtdmajorIndustrial catalyst manufacturer with plant at Pardubice, Czech Republic, less than 1 hour from Chvaletice Project. Offtake term sheet for HPMSM and magnesium carbonate by-product for catalysts and Synthetic Hydrotalcites production.
- Blue Grass Chemical SpecialtiesmajorNew Albany, Indiana-based specialty chemical manufacturer with 50+ years experience. Offtake term sheet for high-purity manganese metal for manganese nitrate production used in lithium-ion batteries.
- Wildcat Discovery TechnologiesmajorSan Diego-based battery technology company focusing on nickel and cobalt-free cathode production. Offtake term sheet for HPMSM. Wildcat building U.S.-based plant expected 2026-2027 for safe, sustainable cathode materials for EVs and stationary storage.
- BGRIMM Technology Group (Beijing)coreLead process plant design engineer for Chvaletice Project. Completed validation bench scale test work to finalize process flowsheet. Provided key equipment sizing and selection inputs.
- Tractebel Engineering a.s.majorCzech local engineering firm providing European cost inputs and localization for feasibility study and project development.
- EIT InnoEnergyminorSupporting Euro Manganese's application to EU Innovation Fund's call for proposals (expected Q4 2024).
- CzechInvest (Investment and Business Development Agency of Czech Republic)majorEngaged for application for Czech government investment incentives including potential cash grants on eligible capital expenditures and income tax relief.
- Wood GroupcoreEngineering partner for FEED (Front-End Engineering Design) work followed by EPCM (Engineering, Procurement, Construction Management) once final investment decision is made.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Euro Manganese competitors and assessment
Company assessmentDirect peers
- Element 25 Limited: ASX-listed developer of the Butcherbird High-Purity Manganese Project in Western Australia, targeting HPMSM production for EV battery cathodes. Most directly comparable pure-play HPMSM development peer outside of China.
- Giyani Metals Corp. TSX-V-listed developer of the K.Hill manganese project in Botswana focused on producing HPMSM for battery applications. Closely analogous development-stage HPMSM producer targeting the EV supply chain.
- Firebird Metals Limited: ASX-listed manganese developer focused on the Oakover project with downstream HPMSM ambitions. Comparable development-stage manganese-to-HPMSM peer targeting EV cathode markets.
- Manganese X Energy Corp. Canadian-listed developer of the Battery Hill manganese project in New Brunswick targeting HPMSM for lithium-ion batteries. Closely comparable development-stage North American manganese-to-HPMSM peer.
- Mesa Minerals Limited: ASX-listed manganese-focused explorer/developer with projects in Australia and Africa. A smaller, more comparable pure-play manganese peer targeting battery and specialty markets.
Broad incumbents
- Eramet SA: French-listed global mining and metallurgical group with major manganese operations (including Gabon) and active development of battery-grade manganese. A broad incumbent in the same manganese/battery materials space.
- South32 Limited: ASX-listed diversified miner with significant manganese operations in South Africa and Australia. Provides a benchmark for established, large-scale manganese producers, though battery-grade HPMSM is not its focus.
- OM Holdings Limited: ASX-listed manganese and silicon smelter operator producing manganese alloys and ore. Comparable established manganese producer with adjacent downstream processing, though not focused on battery-grade HPMSM.
- Jupiter Mines Limited: ASX-listed producer of manganese ore (Tshipi Borwa in South Africa), one of the largest pure-play manganese miners globally. Provides a relevant upstream benchmark, though it does not produce HPMSM/HPEMM.
- Tronox Holdings plc: Global titanium dioxide and zircon producer with vertically integrated manganese chemicals exposure via its TiZir joint venture. Relevant broad incumbent with downstream manganese chemical processing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Euro Manganese social profiles
Digital presenceEuro Manganese compliance and trust
Trust signalCompliance5 records
Euro Manganese financial estimates
Financial estimateRevenue estimate
Valuation estimate
Euro Manganese leadership team
Management profileNumber of profiles
Profiles12 records
Euro Manganese subsidiaries and ownership
Company hierarchySubsidiaries1 record
Euro Manganese funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Euro Manganese M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Euro Manganese
What does Euro Manganese do?
Euro Manganese produces and will sell High-Purity Manganese Sulphate Monohydrate (HPMSM) and High-Purity Electrolytic Manganese Metal (HPEMM) manufactured from reprocessed historic mine tailings at the Chvaletice Manganese Project in the Czech Republic. Annual capacity is projected at 100,000 tonnes of HPMSM and 50,000 tonnes of HPEMM over a 25-year operating life, with the products supplied to electric vehicle battery manufacturers, cathode material producers, and specialty chemical companies.
Is Euro Manganese a public or private company?
Euro Manganese is a public company. It is classified as public and is currently operating.
When was Euro Manganese founded?
Euro Manganese was founded in 2014. It employs 11 to 50 people.
Where is Euro Manganese based?
Euro Manganese is headquartered in Vancouver, Canada, in the North America region.
How does Euro Manganese make money?
Three revenue lines are on record. High-Purity Manganese Product Sales are the primary driver. The others are by-Product Sales (Magnesium Carbonate) and royalty Financing Obligations.
Who are Euro Manganese's main competitors?
Direct peers on record are Element 25 Limited, Giyani Metals Corp., Firebird Metals Limited, Manganese X Energy Corp. and Mesa Minerals Limited. Broad incumbents are Eramet SA, South32 Limited, OM Holdings Limited, Jupiter Mines Limited and Tronox Holdings plc.
Does Euro Manganese have an API?
No public API is recorded for Euro Manganese.
What industry is Euro Manganese in?
Euro Manganese's product category is Manganese Mining and Battery Materials Processing. Its primary akta.pro industry code is IMAKAFAF, Manganese Ore Mining & Concentrates, with a secondary code of IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate). Its NAICS code is 3251 and its SIC code is 2810.