Euro Manganese Shares Begin Trading on OTCQX under Symbol EUMNF
VANCOUVER, British Columbia (June 15, 2021) – Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF) (the “Company” or “EMN”) is pleased to announce that effective today, the Company’s common shares will begin trading on the OTCQX Best Market (“OTCQX”) under the symbol “EUMNF”. The OTCQX is the highest market tier operated by the OTC Markets Group Inc. on which approximately 11,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. The Company’s shares will continue to trade on the TSX Venture Exchange (TSXV) and Australian Securities Exchange (ASX) under the symbol EMN, and on the Frankfurt Stock Exchange under the symbol EO6.
EMN has joined the U.S.-based OTCQX market in response to growing U.S. investor interest in EMN and its Chvaletice Manganese Project.
“Over the past eight months we have witnessed a transformation in the global automotive industry, as carmakers accelerate their transition to battery electric vehicles,” says Euro Manganese CEO, Marco Romero. “Without raw materials, there are no batteries. High-purity manganese is an essential battery metal. By joining the OTCQX, we are making it easier for U.S. investors to gain exposure to this growing sector, enabling them to more easily trade in our shares.”
The Company is currently focused on three main activities as it advances its proposed Chvaletice Manganese Project: fabrication, construction and commissioning of a demonstration plant; completion of a definitive feasibility study; and completion of a final Environmental Impact Assessment for submission to permitting authorities, all targeted for the first quarter of 2022. The Company’s goal is to arrive at a final investment decision in 2022, followed by the arrangement of project financing and start of construction, with plant start-up, commissioning and commercial production projected for late 2024 or early 2025.
The OTCQX provides value and convenience to U.S. investors, brokers and institutions seeking to trade EUMNF. To be eligible for trading on OTCQX, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. The Company is in the process of obtaining Depository Trust Company ("DTC") eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com/stock/EUMNF/overview.
McMillan LLP acted as the Company’s OTCQX sponsor. Euro Manganese has also appointed Stifel, Nicolaus & Company, Incorporated as its financial advisor in connection with the upgrade to OTCQX.
Download news release here:
About Euro Manganese Inc.
Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving the lithium-ion battery industry, as well as other high-technology applications.
Authorized for release by the CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Euro Manganese Inc.
Marco A. Romero
President & CEO
(604)-681-1010 ext. 101
Fausto Taddei Vice President, Corporate Development & Corporate Secretary
(604) 681-1010 ext. 105
Director of Communications
#709 -700 West Pender St.
Vancouver, British Columbia, Canada, V6C 1G8