Euro Manganese Inc. entered into an offtake term sheet with Verkor

Euro Manganese Inc. (ASX: EMN) announced that it had signed an agreement with Verkor for the sale of high-purity manganese sulphate monohydrate ("HPMSM") from the company's Chvaletice Manganese Project in the Czech Republic. The agreement is non-binding. This Term Sheet is the company’s first term sheet for a long-term offtake. The company expects more term sheets or agreements will follow in the near term as a result of the offtake tender process, which is currently underway.

The offtake tonnages are equal to a percentage of the EMN's annual production on a take-or-pay basis. Deliveries are anticipated to start from 2027 for an initial term of eight years with the potential for renewal. The starting of the primary tenure depends on the successful qualification of the EMN's HPMSM from the Chvaletice Demonstration Plant in Verkor's supply chain.

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