Euro Manganese Inc (ASX:EMN) (CVE:EMN) (OTCMKTS:EROMF) can move forward to the next stages of the permitting process for its Chvaletice Manganese Project after concluding the six-month screening of its preliminary Environmental Impact Assessment (EIA) by the Czech Ministry of the Environment.
Public and regulatory feedback from the screening procedure will be incorporated into the Final EIA, which is targeted for completion in December 2021.
A definitive feasibility study for the project is well underway and targeted for completion by the end of the year.
Procurement and fabrication of the project’s demonstration plant are on schedule, with delivery to the Chvaletice site expected in the summer of 2021.
Important permitting step
Euro Manganese chief executive officer CEO Marco Romero said: “We are pleased with the outcome of this important step in the Chvaletice Manganese Project’s permitting process.
“We appreciate all the thoughtful input we have received from our stakeholders, and we are confident that we will be able to successfully address their concerns in our detailed plans.
“Following more than four years of environmental baseline and impact studies, process design and engineering, we purposely provided much more detailed information to the public and regulators about our project than is normally required at this stage of the permitting process.
“I am grateful that we were provided with such useful feedback."
Shares on the move
In line with strong newsflow and an improving manganese market, the company's market capitalisation and shares have been on the rise.
Market cap today is approximately A$125.4 million while since closing at A$0.06 on September 3 shares have been on an upward trend, closing at A$0.72 yesterday and reaching a new record high of A$0.80 on Wednesday.
High standards applied
The project team based in the Czech Republic paid great attention to detail and actively engaged with local authorities and community members early and frequently in the planning process
Romero added: “The Ministry’s screening procedure was open to the public.
“The fact that only two submissions from individuals were received speaks volumes to the thoroughness and professionalism of our team’s consultations, the high standards we have applied to the project design and to the willingness of local residents to positively engage with us.”
Work on the final EIA, which will address the stakeholder and regulatory agency inputs received, is scheduled to begin in mid-2021 and expected to be completed by the end of the year.
The procurement and fabrication of the project’s Demonstration Plant, which remains on schedule, will provide high purity manganese materials for supply chain qualification by EMN’s potential customers.
Chvaletice Manganese project is intended to recycle waste from a decommissioned mine in the Czech Republic to produce ultra-high-purity manganese products, principally for electric vehicle batteries.