Euro Manganese receives second tranche of EIT InnoEnergy funding for Chvaletice Manganese Project
EIT InnoEnergy’s €150,000 investment forms part of a three-tranche, €250,000 project support agreement inked earlier this year, providing Euro Manganese with additional capital to advance a definitive feasibility study and proposed demonstration plant.
Euro Manganese is developing its flagship manganese asset in the Czech Republic.
Euro Manganese Inc (ASX:EMN, TSX-V:EMN, OTCQX:EUMNF) has received the second tranche of funding from EIT InnoEnergy, bringing the European Union (EU)-backed entity’s investment to date to €187,500.
The battery materials company first announced EIT’s investment earlier this year, with the EU-backed entity expected to provide €250,000 in funding across three tranches based on a project support agreement.