06:55 AM EDT, 08/29/2024 (MT Newswires) -- Euro Manganese ( EMNAF ) late on Wednesday said it has submitted an application to designate the Chvaletice Manganese Project as a strategic project under the European Union's Critical Raw Materials Act (CRMA).

Strategic Project status means Euro Manganese ( EMNAF ) would gain potential access to financing from both private and public sources. It also ensures that permitting processes proceed according to CRMA deadlines.

The CRMA aims to ensure the availability of raw materials that are essential and strategic for Europe's economy and green transition. It lists more than 30 raw materials and defines high-purity manganese (battery grade) as a strategic raw material, and manganese as a critical raw material.

The European Commission is expected to announce the first list of strategic projects in December.