financetom
Business
financetom
/
Business
/
Euro Manganese Completes Demonstration Plant Continuous Operation Program
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Euro Manganese Completes Demonstration Plant Continuous Operation Program
Oct 17, 2024 2:19 PM

06:46 AM EDT, 10/17/2024 (MT Newswires) -- Euro Manganese ( EMNAF ) late on Wednesday said its on-site demonstration plant has completed a five-day continuous operation program for the production of high-purity electrolytic manganese metal at the Chvaletice manganese project in the Czech Republic.

The demonstration plant achieved key technical targets forming part of the conditions for accessing the next draw-down from the Orion financing package, the company said.

The facility hosts six of the main process stages of the project's metallurgical flowsheet, including the electrowinning process that produces selenium-free, high-purity electrolytic manganese metal (HPEMM) flakes.

The plant operated as designed and without interruption, achieving 100% reliability over the five-day program and producing 172 kilograms of HPEMM, exceeding target production by over 30%.

"With the only new high-purity manganese project outside China to have a fully operational Demonstration Plant, the Chvaletice Project and Euro Manganese ( EMNAF ) are positioned to benefit significantly from the growing demand for high-purity manganese as battery chemistries move to lower cost, higher manganese formulations," said President and CEO Matthew James.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Italy's Intesa partners with BlackRock in private banking in Benelux
Italy's Intesa partners with BlackRock in private banking in Benelux
Nov 11, 2024
MILAN (Reuters) - Italy's largest bank Intesa Sanpaolo said it would partner with BlackRock ( BLK ), the world's biggest asset manager and a leading Intesa shareholder, to offer digital wealth management services to clients in Belgium and Luxembourg. By teaming up with BlackRock ( BLK ), Intesa Sanpaolo's private banking unit Fideuram will broaden its digital offering of investments...
EHang, Enpower Team Up On Next-Gen eVTOL Tech: Details
EHang, Enpower Team Up On Next-Gen eVTOL Tech: Details
Nov 11, 2024
EHang Holdings Limited ( EH ) shares are trading higher premarket on Monday. The company disclosed a long-term strategic partnership with Zhuhai Enpower Electric Co., Ltd. The collaboration will focus on co-developing high-performance electric motors and motor controllers for EHang’s electric vertical take-off and landing (eVTOL) aircraft. The collaboration aims to develop customized electric motor drive systems tailored to the...
Trump Media (DJT) Stock Surges On Monday Pre-Market As Trump Denies Sale Rumors
Trump Media (DJT) Stock Surges On Monday Pre-Market As Trump Denies Sale Rumors
Nov 11, 2024
Trump Media & Technology Group Corp ( DJT ) experienced a 9.37% increase in pre-market trading on Monday, according to Benzinga Pro. This follows president-elect Donald Trump‘s announcement on Friday that he has no plans to sell his stake in the company. The statement comes amidst renewed investor interest following the election. What Happened: Trump has urged investigations into alleged...
India's Hindalco beats Q2 profit view on higher aluminium prices
India's Hindalco beats Q2 profit view on higher aluminium prices
Nov 11, 2024
Nov 11 (Reuters) - India's Hindalco Industries , one of the country's largest aluminium and copper producers, posted a higher-than-expected second-quarter profit on Monday, helped by higher aluminium prices. The company, owned by the Aditya Birla Group, said its consolidated net profit jumped 78% to 39.09 billion rupees ($463.3 million) for the three months ended Sept. 30, beating estimates. Analysts,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved