Euro Manganese Inc. (ASX:EMN) (CVE:EMN) (FRA:E06) will pursue a listing on the US-based OTCQX trading system in response to growing US investor interest in the company and its Chvaletice Manganese Project in the Czech Republic.
This listing is expected to allow US-based investors interested in gaining exposure to the electric vehicle (EV) battery raw materials sector to easily purchase Euro Manganese shares on the actively traded OTCQX market.
The company has also announced the appointment of Ron Shewchuk as its new director of communications.
Closer to becoming a key European supplier
Euro Manganese chief executive officer Marco Romero said with the agreement of EIT InnoEnergy to help accelerate the Chvaletice Project’s integration into Europe’s battery supply chain, the company was another step closer to becoming a key European supplier of high-purity manganese, an essential raw material for EV battery production.
“The path ahead for us is clear.
“We are moving forward with work on our definitive feasibility study, final environmental impact assessment and the building of a demonstration plant, all currently scheduled for completion by the end of this year, and we continue to field strong interest for our products from potential customers.
“We are taking this important step to provide US-based investors with an efficient way to trade our shares and invest in Euro Manganese as we develop our battery materials business.”
Director of communications appointed
New communications director Shewchuk has served in senior positions in corporate communications, marketing and public relations.
An honours graduate of Carleton University’s School of Journalism, he is one of only 58 Canadians to have been awarded the designation of Master Communicator by the International Association of Business Communicators (IABC).
Shewchuk has planned and executed communications programs for organizations in the energy, telecommunications, healthcare and forest products industries.
Euro Manganese’s Romero said Shewchuk brought depth of experience and innovation to the new role.
“We’re delighted to have Ron on board to lead our communications and investor relations efforts.
“He has a long, successful history of delivering results for major organizations as well as start-ups.
“I’m confident he will make a valuable contribution to Euro Manganese as we tell our story to the world.”
Chvaletice Manganese Project
Chvaletice is designed to produce high-purity manganese products for the automotive battery industry and other high-technology applications by reprocessing manganese-rich waste from a decommissioned mine site in the Czech Republic.
The project is developing the only sizeable manganese resource in the European Union.
Euro Manganese recently secured the support of EU-backed organization EIT InnoEnergy to assist with the company’s financing and commercialization activities.